Blogotariat

By Denis Bright   Josh Frydenberg has presented a re-election budget. Its assumptions have been challenged by the grim realities of the budget papers themselves and some critical reporting in sections of the mainstream media. The political rhetoric is about untested future possibilities from the conservative crew which brought an unequal recovery from the excesses of…

By Andrew Wicks   Last night’s budget vowed to “help more Australians realise their goal of home ownership.” However, we’ve been told the same thing for the last three years. In last night’s budget, we got a whiff of something familiar. The Coalition wants to help us find our forever home. There are three main points that…

The post Don’t believe the hype, housing affordability was ignored in this budget appeared first on The AIM Network.

CoreLogic’s head of research, Eliza Owen, has released a note explaining the federal budget’s housing policy changes: Housing affordability is becoming an increasing concern for first home buyers and policy makers amid recent, rapid price increases. But the double-edged sword of reducing housing values to make them more affordable, is that housing also makes up

The post Federal budget: Increasing home ownership on the Coalition’s terms appeared first on MacroBusiness.

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Solar photovoltaic pioneer Professor Martin Green says solar module prices will continue to plummet, reaching 10 US cents per watt by 2023.

Stephen Clibborn and Chris F. Wright from the University of Sydney have attacked Josh Frydenberg’s decision to uncap international students’ work hours across hospitality and tourism, claiming that it will create a “guest worker state” that will push wages and working conditions lower: Our research shows it [the decision] is consistent with a troubling 25-year

The post Academics: Frydenberg turns Australia into “guest worker state” appeared first on MacroBusiness.

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Roy Morgan has released its inflation expectations survey for April, with Australians expecting inflation of only 3.7% over the next two years – well below the RBA’s inflation target of 2% to 3% inflation annually: However, it is the first time since June 2018 that Inflation Expectations are now higher than they were a year

The post Inflation expectations remain suppressed appeared first on MacroBusiness.

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The "exceptional" January 2020 performance of Australia’s original Tesla big battery continues to set an unattainable benchmark for French renewables giant Neoen.

Australian property market prices continued to climb over the last month, and mortgage interest rates stayed constant. There are some extraordinary divergences in affordability. It has never been cheaper in most markets to service a mortgage, but never more expensive to save for a deposit or pay off the loan. In general, housing valuation and

The post April Australian property market update appeared first on MacroBusiness.

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It is clear from last night’s federal budget that the Australian Treasury has no idea on wages. For years we watched the Treasury make bullish predictions on wage growth, always forecasting a marked pick-up in wages over the forward estimates period: This bullishness came despite the federal government running one of the biggest immigration programs

The post Treasury has no idea on wages appeared first on MacroBusiness.

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BofA with the note. I agree with the conclusions: Four futures for inflation A different asset allocation is warranted depending on what you believe about inflation and its effects. 1. Transitory and good: on this view, the good news about“bad” prices is that those prices are a sign of a faster-than-expected economic rebound. Temporary frictions

The post What kind of inflation is coming? appeared first on MacroBusiness.

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There is nothing that a pollie likes more than temporary revenue recycled as permanent spending. Capital Economics with the note: Treasurer Josh Frydenberg revealed in today’s Budget that the government will spend nearly all of the windfall accruing from the stronger economic recovery. That will result in a permanently larger role of the state and a

The post The old temporary revenue meets permanent spending trick! appeared first on MacroBusiness.

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According to Digital Finance Analytics (DFA), mortgage stress levels continue to rise, with 1.52 million households across the country in mortgage stress at the beginning of May, a 1.1% increase from the prior month. This is up significantly from February 2020, just prior to the COVID pandemic, when 32.9% of households were deemed by DFA

The post How can mortgage stress be rising? appeared first on MacroBusiness.

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Westpac with the note: Headline Weekly Payroll jobs estimates rose 0.4% between April 24 and April 10. Total wages paid by employers rose by 0.3%. For the second fortnight in a row, seasonal factors associated with shifting school holidays have made it difficult to obtain a clear read on the impact of the ending of

The post Post JobKeeper jobs softness appears appeared first on MacroBusiness.

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