Prime Minister Anthony Albanese announced in November 2024 that the federal government would forgive 20% of student debt if re-elected. The Greens took the proposal to the next level, vowing to forgive 3 million graduates’ student loans and make university and TAFE education free, at a cost of more than $120 billion over the next
In August 2024, the Actuaries Institute stated that rising home insurance prices were causing financial strain for 1.6 million Australian households. This marked an increase of 360,000 households under stress, or 30% over the previous year. According to Sharanjit Paddam, the lead author of the Actuaries Institute study, insurance premiums were rising faster than wages,
Tell it to rack off. The AFR gas lobbyist. Japanese energy groups have returned to one of their hobby horses: questioning the reliability of Australian LNG exporters. In a feisty speech to the Future Energy Forum in Perth this week, a senior executive from power giant JERA warned that Australian companies’ preferred supplier status was
A shock unless you read MB that is. The Australian. Electricity bills will rise by as much as 9 per cent from July 1, the Australian Energy Regulator has declared. The AER said increases will vary across the National Electricity Market, but the largest jump will be seen in NSW, where prices are set to
The Market Ear gives us smashed stocks. General awakening NVDA gonna take this market higher in the short term? Source: Refinitiv Not so sexy SOX… ….but it sure is sexy when you catch the moves. SOX has done little since last Feb, but the moves inside the range have been well rewarding for the mean
Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen checks in on the markets after recent large falls and discusses what to watch for going forward. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is
Australia’s last major plastics manufacturer, Qenos, closed last year due to high energy costs. Now, Australia is wholly reliant on imported plastics from China. In February, Australia’s only architectural glass manufacturer, Oceania Glass, collapsed after 169 years of operation, amid soaring gas costs. Oceania Glass was Australia’s only manufacturer of architectural flat glass, producing and
For a while there it was almost as of iron ore might turn rational and close its jaws with steel prices. Soon enough! Goldman on Chinese construction conditions. We continue to monitor the trend of post CNY construction activities after coming back from our China trip and conducting machinery dealer channel checks. This week, we
A new report by the Australian Council of Social Service (ACOSS) claims that the capital gains tax (CGT) discount and negative gearing “disproportionately” benefit Australia’s wealthiest while also fuelling the housing affordability crisis. ACOSS says the wealthiest 10% of households own two-thirds of all investment properties and are receiving 82% of the $16 billion in
The federal government is targeting 82% of electricity being generated by renewables by 2030. Clean Energy Regulator figures show that renewables accounted for 46% of electricity in the grid in the last quarter of 2024. Modelling by energy consultant Rystad Energy contends that renewable energy will only account for 65% of electricity generation by 2030,