Blogotariat

Tasmania flew under the radar in the lead up to the recent election, because of the lack of state polling in Tasmania. It was a “known unknown” to quote Donald Rumsfeld, and I do remember commenting that we didn’t know how things were going in Tasmania, but still we did not know. This did create space for some fevered commenters on this website to confidently assert that Labor was on track to be badly beaten, but now we know better.

Cotality (formerly CoreLogic) reported that the total value of Australia’s housing stock was $11.3 trillion as of April 30, 2025, with the average home worth exactly $1 million. New research from Cotality shows that a record 34.4% of homes across the nation were valued above $1 million in April, with 41.6% of capital city homes

The post High house prices are strangling Australia appeared first on MacroBusiness.

Battery storage developer led by ISP lead Alex Wonhas seeks investors in first stage of planned gigawatt scale battery, as it also rolls out network of sub 5 MW batteries.

      AUD/USD         EUR/USD         USD/JPY         GBP/USD         Gold         WTI         Brent         Australia 200         US S&P 500         UK 100    

The post Macro Afternoon: 15 May 2025 appeared first on MacroBusiness.

Batteries are helping send wholesale power prices towards the market cap when supply tightens, while coal and gas units are often too slow to respond.

Engie cancels plans for a solar battery hybrid after community pushback against the rows of PV modules, and may now look at just a standalone battery.

Peter Dutton declared the 2025 federal election a “referendum on energy.” But in his own electorate, solar households had already cast their vote.

After Australia’s Q1 wage growth result was in line with the Reserve Bank of Australia’s (RBA) forecasts, the April labour force report produced an unemployment rate broadly in line with expectations: As summarised by Alex Joiner from IFM Investors below, the result was stronger than the headline suggests. While the unemployment rate was steady at

The post Aussie unemployment hits RBA target appeared first on MacroBusiness.

Unlike some economists, I believe that tariffs can be a useful tool in protecting strategic industries to keep alive certain capacities that are essential to the freestanding nature of any self-sustaining society. I could even live with something like a universal tariff, such as Trump’s 10%, though I would make it lower so it could

The post Has the child president fixed US industry? appeared first on MacroBusiness.

Statistics New Zealand has released data showing that net overseas migration (NOM) decreased to 26,400 for the year ending March 2025, a decline from 100,400 in the year ending March 2024. “The fall in net migration in the March 2025 year was mainly due to fewer migrant arrivals, although departures also rose to a provisional

The post Young Kiwis are fleeing New Zealand appeared first on MacroBusiness.

Tesla Australia boss Thom Drew on the release of the new Model Y, and supercharger plans. Plus: Riz, Tim and Sam discuss recent test drives and news of the week.

The Australian Bureau of Statistics (ABS) released housing finance data for Q1 2025 showing that the value of new housing lending declined by 1.6% in Q1, taking the rate of annual growth down to 14.2%. This was the first quarterly decrease since Q1 23, driven by a fall in lending to owner occupiers (-2.6%/qtr) and

The post Australia’s housing upturn “losses momentum” appeared first on MacroBusiness.

Fast and furious RSI across equity indexes has gone from extremely oversold to now hitting very overbought levels. RSI levels from the top: SPX, NDX and SOX. Source: LSEG Workspace Panic buying These are huge numbers. Forced chasing at its best. Goldman’s prime data from yesterday: 1. Global equities, second largest net buying day in 5

The post Stocks rampage into the void appeared first on MacroBusiness.