Blogotariat

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.

The heads of six Australian states will miss a reception for King Charles III when he arrives Down Under, while the British monarch has said he would not oppose the former prison colony declaring itself a republic.

While Australia has been fully independent since 1986, its titular head of state is still the British monarch. A 1999 referendum to declare a republic failed, in part due to the popularity of Queen Elizabeth II at the time.

Builder Jason Janssen, chairman of Home Builders Action Group, has described the utter “decimation” of the home building industry in the wake of federal and state government Covid housing stimulus and the subsequent surge in construction costs. “Unfortunately a lot of builders took on too much work as part of the stimulus and they are

The post Australia’s home building industry “structurally damaged” appeared first on MacroBusiness.

By Bert Hetebry As I recall, the opening scene of the 2005 movie “Pierrepoint: The Last Hangman” see a woman who had been executed, hanged, removed from the hangman’s rope and prepared for burial. The care, the gentleness of that scene belies the violence of the death which had been ordered as punishment for murder.…

The post What is Justice? appeared first on The AIM Network.

Over the eight decades following the end of World War II, the US has taken part in dozens of land wars, large and small. The outcomes have ranged from comprehensive victory to humiliating defeat, but all have received extensive coverage. By contrast, the US Navy’s admission of defeat in its longest and most significant campaign in many decades, has received almost no attention. Yet the failure of attempts to reopen the Suez Canal to shipping has fundamental implications for the entire rationale of maintaining a navy.

Dongfang Electric says it has completed the production of a mammoth 26MW offshore wind turbine, by far the most powerful turbine yet to roll off the production line.

By Jane Salmon Killara is a place of beautifully appointed private spaces. My grandmother (born in 1902) shared an old horse with her siblings. They rode to school together reciting Shakespeare to the clop of the hooves. Elocution was popular. It is her parents and folk like them that helped pay for our first theatre.…

The post It Takes A Village: that village is our Heritage and Legacy appeared first on The AIM Network.