Blogotariat

Domain has released its house price results for the September quarter, which shows that median house price hit a record high of $1,655,000 following the seventh consecutive quarter gain. Sydney units also rose for the seventh consecutive quarter, hitting a record high of $815,300. As illustrated in the table below from Domain, Sydney’s median house

The post Sydney housing should be declared a national disaster appeared first on MacroBusiness.

He was 18 years old, didn’t have a driver’s license but had his L plates and a hot Ford Falcon. He worked in a bar and after work, with a few drinks under the belt went to drive home with a couple of close friends as passengers. The car was pretty powerful and he did…

The post Build more prisons or close some down? appeared first on The AIM Network.

FROM THE ALBO-HATING MURDOCH MEDIA AND JOE HILDEBRAND...

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Master Builders Australia Following the release of the COVID-19 inquiry report handed down today, Master Builders Australia CEO Denita Wawn said HomeBuilder was the right policy for the time and should not become the scapegoat for systemic housing challenges. “The Federal Government had a difficult job of keeping the economy afloat with targeted stimulus measures…

The post Response to COVID-19 inquiry report on HomeBuilder appeared first on The AIM Network.

The Reserve Bank of New Zealand was one of the most aggressive central banks in the world, lifting the official cash rate to a peak of 5.50%. As illustrated in the chart below from Justin Fabo at Antipodean Macro, New Zealand’s official cash rate remains overly restrictive, despite 0.75% of cuts delivered over the past

The post Reserve Bank must deliver deep interest rate cuts appeared first on MacroBusiness.

Australian gravity storage company wants to use mine shafts in one of the country's biggest mining regions to deploy its technology as vast new wind and solar resources are opened up.

Throughout the last eight years of China pressuring Australia, the ALP has spent nearly all of its time blaming the LNP for the breakdown in the relationship. This blame came from all quarters, including Kevin07. The PM, former PMs, former and current foreign ministers, ministers, premiers, and wonks. Now, according to the mercurial Kevin07, they

The post Rudd condemns a decade of Labor China treason appeared first on MacroBusiness.

The RBA has been aware of the possibility that consumer spending could be stronger than projected, especially given the significant boost to household income from the Stage 3 tax cuts. This would complicate their goal of sustainably returning inflation to target. The below video from Westpac provides an overview of the latest Westpac-DataX Consumer Panel.

The post Tax cuts saved, no problem for rate cuts appeared first on MacroBusiness.

The Market Ear with stock internals. Oil at massive levels (again) Oil is trading around the massive $72 area again. We have dipped below the level on a few occasions, but these are make or break levels to watch. Refinitiv Oil and rates Oil and rates have moved in perfect tandem for a long time.

The post Stocks “coiled spring” appeared first on MacroBusiness.

Windrose, a newly emerging maker of electric heavy trucks, has just completed a road trip from Melbourne to Sydney and has its eyes on the Australian market. Advisor Jason Roycht explains why it might not just be Chinese EVs on our roads.

The East Coast gas cartel continues to rort like it’s going out of style with gas prices glued above Albo failed $12Gj price cap even in the off-season: Leading directly to unseasonally high power prices: This makes statements yesterday by Barnaby Joyce rather interesting: Former deputy prime minister Barnaby Joyce says Australia will be “poor”

The post Will Australia be “poor” without coal and gas? appeared first on MacroBusiness.

It's been about a week since I deleted my Twitter account and signed out of Facebook, and honestly, I'm feeling pretty good about it. I don't miss Twitter at all. Over the last year, it had turned into such a festering sinkhole. Still, totally, finally nuking the account was a big decision. Facebook is a bit harder to drop; a few friends and family scattered around the world still rely on it to stay in touch, so I'm sort of stuck with it. But I’d been wasting way too many hours a week mindlessly scrolling, and I decided to just sign out.