Blogotariat

Following a strategic review of the student visa program in 2011 (the “Knight Review”), the Gillard government significantly enhanced employment rights for graduate (485) visas in 2013. In particular, 485 visa holders were not needed to meet skills shortage requirements and were allowed to stay in Australia for two to four years after finishing their

The post More proof student visas are a migration scam appeared first on MacroBusiness.

By Denis Hay Description Explore how to shift to social democracy from neoliberalism, using its monetary sovereignty to create a fairer political system. Introduction: A Path to a Compassionate Australia Australia, like many nations, has been shaped by the forces of neoliberalism, a political ideology that promotes free markets, deregulation, and minimal government intervention in…

The post Social Democracy from Neoliberalism appeared first on The AIM Network.

Inquiry told the emerging green hydrogen sector is "frustrated" by delays to the introduction of a mechanism to track and verify emissions associated with hydrogen, renewable electricity and

New Zealanders are experiencing one of the deepest recessions in modern times. As of Q2 2024, real per capita GDP had collapsed by nearly 4%, as illustrated by the following chart: As shown by Justin Fabo at Antipodean Macro, New Zealand has recorded the largest decline in per capita GDP compared with the decade average

The post Deep rate cuts incoming as recession worsens appeared first on MacroBusiness.

Media Release International and national refugee sector experts and advocates have identified four urgent areas of reform needed to address ongoing disadvantage and exclusion caused by Australia’s policies towards refugees and people seeking asylum. Two hundred delegates gathered in Kyneton, Victoria (11-13 October) for the two-yearly Rural Australians for Refugees conference which brings 75 groups…

Plans to build more than a gigawatt of solar on sugar cane farming land in north Queensland have been cleared for construction by the local council.

The Business Council of Australia (BCA) estimates that an extra 64,000 dwellings will be required each year if the federal government’s target of building 1.2 million new homes over five years is to be achieved. The BCA has proposed an overhaul of the planning regime in order to boost housing supply. Amongst other things, it

The post Business Council gaslights on housing crisis appeared first on MacroBusiness.

Net overseas migration continues to retrace in New Zealand as recession-hit Kiwis escape to Australia. As illustrated below by Justin Fabo at Antipodean Macro, net migration into New Zealand has plunged from the October 2023 peak: There was an annual net migration gain of 53,800 in the year to August 2024, down sharply from the

The post More recession hit Kiwis escape to Australia appeared first on MacroBusiness.

The 2023 Intergenerational Report included the following chart showing the collapse in home ownership amongst younger Australians: As explained by Ian Verrender at The ABC, in 1981, about 55% of Australians aged 25 to 29 owned a home. Four decades later, there has been a significant decline to a little over 35%. The discrepancy narrows

The post The Australian Dream is dying alongside the ‘fair go’ appeared first on MacroBusiness.

SHFE and SGX both firmed yesterday: Mad Dalian doesn’t care about the stimulus bust: So long as steel prices rise, iron ore can too. There has been a renewed surge in exports: Helping stabilise output: But this hangs on cheap prices, so the rally is self-defeating once again. Iron ore imports remain firm on the

The post China steel dominance climbs appeared first on MacroBusiness.

Breakouts aplenty on risk markets overnight with Wall Street making another record high, pulling along European equities again while the USD pushed Euro and other currencies into submission while oil prices broke down as Israeli “promised” not to target Iranian oil wells. This should translate to more bids here in Asia across stocks at least.

The post Macro Morning appeared first on MacroBusiness.

DXY is up and away: AUD is getting hosed: North Asia too as CNY gives way: Oil and gold are under pressure: Metals too: Big miners are still in a downtrend: EM stocks yawn: Junk good: Yields eased: Stocks to the moon: A quick on China shows what’s driving AUD weakness. CNH can’t break out:

The post Australian dollar choked by China appeared first on MacroBusiness.

Sameer Chopra from CBRE says apartment prices in Australia have not kept pace with construction costs over the last five years. CBRE forecasts that Australian apartment supply will only average around 50,000 units annually between 2025 and 2029. This is around half the 2017 peak and well below the rate required, given population growth. Chopra

The post “Perfect storm” to drive apartment prices and rents higher appeared first on MacroBusiness.