Michael Pascoe has criticised the NSW government’s high density push, which promises to include “up to” 15% affordable dwellings. Pascoe points out that, according to Planning Department data, as little as 3% of new dwellings in Bankstown, in the Sydney’s south-west, and Kellyville and Bella Vista, in the north-west, have been set aside for affordable
Dr Jim “Chicken” Chamlers is about as labour as my butt: Jim Chalmers has attacked Peter Dutton as the “most divisive leader of a major party in Australia’s modern history” who is deliberately undermining cohesion and preying on social fractures for political advantage, positioning himself ahead of the election as a Treasurer who can take
Premier Jacinta Allan’s disastrous decision to sign the contracts to build the first phase of the Suburban Rail Loop (SRL) continues to punish Victorians. Allan signed the contracts against expert advice, locking Victoria into a project with little economic or social merit that will plunge the state deeper into debt, cut its credit rating, and
It’s all a bit “pennis in front of the steamroller” for me right now but I will buy the next dip. Goldman’s Scott Rubner has been very good lately. The pain trade for equities is higher into mid-September after the green light was given on Friday to re-lever. Everyone is going back to the pool. US
Goodbye BHP dividend: BHP shareholders will take a 14 per cent dividend cut in a fresh sign the acquisitive miner is reserving a greater proportion of earnings for growth bets. Investors will receive a US74¢ ($1.09) final dividend after BHP posted a slightly better than expected $US13.7 billion underlying profit on Tuesday. When added to
Qingdao iron ore was up 1.3% to 93.06 yesterday. SHFE and SGX rallied: As did Dalian, however, there is still no profitability for steel mills. Nothing has improved for the ferrous complex. A wider commodity rally on the back of an easing Fed and falling DXY is helping. But this crisis is much larger than
Overnight saw a retracement of Friday night’s ebullient and anti-USD moves with the latest US durable goods order print putting in a mixed result. Wall Street was up initially but stumbled on tech earnings while European shares were largely unchanged. The USD has seen a rebound which is more like a reversion to mean with
Deloitte’s latest employment forecasts report says that Australia’s economy “is at a critical juncture” following two years of rate hikes from the RBA. Deloitte noted that the economy is “stagnating and growing at its slowest rate (outside of the pandemic) since the early 1990s recession”, which is “finally bleeding through to the labour market”. Most
DXY firmed last night: AUD softened: North Asia too: The warmongers of the European fringe lifted oil: Metals mostly eased: Miners up: EM down: Junk has cooled its jets: Yields firmed: Stocks eased: BofA sums my views pretty well: AUD: rates tailwind… We continue to see the AUD gradually higher over the next few quarters
Australia’s governments have conducted various housing affordability inquiries over the years, including but not limited to: Menzies Research Centre: Prime Ministerial Taskforce on Home Ownership 2003; The Productivity Commission’s First Home Ownership Report in 2004; A Good House is Hard to Find Report from the Senate Select Committee on Housing Affordability in Australia in 2008;