Blogotariat

King Island's small and ancient turbines - installed last century - are getting a facelift, rather than being pulled down and replaced by bigger machines.

In January, Domain published the following chart showing how the proportion of income a median household needed to pay the median rent hit a record high 33% in Q3 2024. REA Group has released its Q4 Rental Affordability Report, which found that rental affordability is at its worst level on record, driven by surging rents

The post Aussie renters cannot catch a break appeared first on MacroBusiness.

  AUD/USD     EUR/USD     USD/JPY     GBP/USD     Gold     WTI     Brent     Australia 200     US S&P 500     UK 100     Japan 225  

The post Macro Afternoon: 10 March 2025 appeared first on MacroBusiness.

Coalition senator has long called for Australia to build new coal power plants -- except now he's supposed to be supporting nuclear.

Australian company that specialises in pole mounted battery inverter technology that helps stabilise the grid raises significant funds to boost expansion.

In the 2010 federal election, the incumbent Australian Labor Party, led by Prime Minister Julia Gillard, won a second term after forming a minority government with three independent MPs. A result similar to the 2010 federal election looks like the most likely outcome of the upcoming federal election. The latest Newspoll for The Australian shows

The post History repeating as hung parliament looms appeared first on MacroBusiness.

In January, Domain published a series of charts showing that Australia’s housing affordability was the worst in recorded history. The national dwelling value-to-income ratio hit an equal record high of 8.0 in Q3 2024, up from a 20-year average of 6.7. The amount of time taken for the median-income household to save a deposit on

The post Australia’s housing affordability crisis deepens appeared first on MacroBusiness.

Australians have endured the largest cost-of-living shock in modern history. The following chart deflates the Australian Bureau of Statistics’ (ABS) official wage price index against the ABS’ cost of living index for employee households. On this measure, Australian real wages in Q4 2024 were tracking 10.1% below the peak at around Q1 2012 levels. The

SINCE THE INCEPTION OF THIS SITE, WE HAVE TOYED WITH THE CONCEPT THAT THE MOST SUCCESSFUL HUMAN SPECIES INVENTION WAS DECEIT. WE HAVE ALSO OFTEN DEMONSTRATED THAT OUR MOST POPULAR INVENTION WAS STUPIDITY. 

COMBINE DECEIT AND STUPIDITY AND WE INVENT BELIEFS. 

Via Goldman, the headline numbers and deficit breakdown. The 2025 fiscal targets unveiled during the “Two Sessions” imply the total amount of government bond net issuance quota will increase to RMB11.9tn in 2025 from RMB9.0tn in 2024. According to the 2025 budget report proposal, the MOF expects fiscal revenue growth to slow, but fiscal expenditure

The post Chinese yawnulus moves on from steel appeared first on MacroBusiness.

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.

Australia’s labour market appears to be tremendously healthy. According to the Australian Bureau of Statistics’ (ABS) monthly labour market survey, the economy added 173,000 (3.5%) jobs in the year to January. Australia’s official unemployment rate (4.1%) is also among the lowest in the advanced world, alongside the United States. On Friday, the ABS released its

The post Taxpayers fuel Aussie jobs boom appeared first on MacroBusiness.