Blogotariat

Data from CoreLogic shows that a record 23.8% of dwellings across Australia fetched more than $1 million in the year to May 2022. The number of suburbs with a median price of more than one million dollars rose to 1,367 nationwide during the period: In the 12 months to May 2022, national dwelling values rose

The post The rise and fall of Australia’s million-dollar suburbs appeared first on MacroBusiness.

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The Australian Bureau of Statistics (ABS) today released retail sales data for May, with sales rising for their fifth consecutive month by 0.9% to be up 10.4% year-on-year: Retail sales were positive across all categories except clothing & footwear: Sales were also positive everywhere except QLD and ACT: According to Ben Dorber, Director of Quarterly

The post Aussie retail sales still rising despite rate hikes appeared first on MacroBusiness.

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More fuckedcrypto.com from FTAlphaville today. — Rapidly rising electricity prices should be bad news for cryptocurrency miners, right? Boutique investment house Kuros Associates believes so, having shorted US-listed Microstrategy and Riot Blockchain in spite of being a short term bitcoin bull. Miners “have a big problem [with] the rising cost of energy, and that’s not going

The post fuckedcrypto#351 appeared first on MacroBusiness.

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Professor Ian Harper from the University of Melbourne has downplayed the prospect of across-the-board pay rises or a ‘wage-price spiral’ in the wake of the increase in the minimum wage. Harper, who was the inaugural chairman of the Australian Fair Pay Commission, says employers no longer face the 1970s-style indexing of pay to the consumer

The post Ian Harper shreds ‘wage-inflation spiral’ scaremongering appeared first on MacroBusiness.

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Olivia Smith from PositiveGood discusses where and how PR

There are always commies, kowtowers and useful idiots floating about the place. The latest fitting one or all of those descriptions is Colin Patrick Mackerras (Mackerras), an Australian sinologist and Emeritus Professor at Griffith University, who appeared in the Chinese propaganda organ, Global Times: GT: In the past decade, Australia’s relations with China have changed

The post Australians are done with China appeared first on MacroBusiness.

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Papua New Guinea goes to the polls next month to elect the national parliament, and for the first time since 1977 there has been a redistribution of electoral boundaries. Seven existing electorates have been split in half to create seven new seats. Another six electorates will be split in half in 2027.

On the evening of November 9, 1989, thousands of East Germans—including a 35-year-old chemist named Angela Merkel—peacefully crossed into West Berlin amid chaos and the confusion at the Berlin Wall. Within hours, the gates of the most notorious symbol of the Cold War opened for good, as champagne flowed and jubilant Germans with pickaxes began to lop off large chunks of the wall.

1989-2001: America’s Long Lost Weekend

Risk sentiment soured with more downside volatility returning to equity markets overnight, not helped by a falling US consumer confidence print that doubled down with more Fed officials wanting big rate rises by the end of the year. Wall Street saw falls of 2-3% which are likely to be repeated in Asia today. The USD

The post Macro Morning appeared first on MacroBusiness.

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Many media outlets have noted the drop in religiosity indicated by the latest Australian Bureau of Statistics (ABS) census results, and I tend not to reiterate the same stuff the mainstream media have come up with unless there is something else that can be said. However, the disparity between this census and other recent surveys is something that has piqued my interest. 

One of the promises the new Prime Minister made during the election campaign was to create or recreate a more civil parliament and, for that matter, a more tolerant and reasoned society. Most would all agree that we want our politicians to put their better minds to the problems confronting us. We want the screaming…

The post The difference between manners and civility appeared first on The AIM Network.

Cheap and easy access to mortgage credit was the fuel that lifted Australian house prices by 35% over the pandemic. Now the housing market is facing the polar opposite forces, with mortgage rates rising at the same time as credit is becoming more difficult to obtain. The Reserve Bank of Australia (RBA) has only hiked

The post Tightening lending standards hammer house prices appeared first on MacroBusiness.

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