The tsunami of auction activity is beginning to weigh on home values in Melbourne and Sydney. On Thursday, Cotality released its final auction results for last weekend, which showed that the national clearance rate declined to 62.0%, down from 63.3% the prior week and 66.1% three weekends ago. The decline in the national clearance rate
Roll the tape. Iron-ore giant Fortescue is speeding up its switch to green iron because CEO Dino Otranto told investors that the Pilbara must help China decarbonise steelmaking in order to stay competitive. Otranto said on the company’s earnings call that work on Fortescue’s Green Metal project at Christmas Creek is going well and that
The worst treasurer since Jim Cairns, and the dumbest since Wayne Swan is certainly not the unluckiest. Having squandered incredible national income windfalls as record inflation outbreaks, slaughtering real incomes, Treasurer Jim “chicken” Chalmers is ready to ride another unlooked-for river of gold flowing into his backside. This time, it is literally a river of
Business Council of Australia Chief Executive Bran Black delivered a keynote address to the Universities Australia Solutions Summit that repeated the same old myths and fallacies about the vital importance that international students play in the Australian economy. Is international education a major economic pillar? Black claims that international education is a major economic pillar:
TME with the charts. NVDA blowout revenues were not good enough. Semiconductors are flirting with a top. Could the next AI victim be capex spend and hardware? Open AI cutting investment was a bad sign. If so, watch out for the red-hot semi-bourses in Asia. Sell semis and buy software? How big are those cojonies?
Victoria has legislated a target to source 95% of its electricity from renewable energy by 2035. This is one of the most ambitious renewable energy targets in Australia and globally, designed to accelerate the state’s transition away from cheap brown coal toward cleaner energy sources, such as wind and solar. The Renewable Energy (Jobs and
The Grattan Institute argues that NSW could make 1 million additional homes feasible to build by copying Victoria’s planning rules that allow terraces and three‑storey apartments “as of right” across most residential zones. This would remove councils’ ability to block low‑rise infill housing that already meets clear design standards. Victoria now allows terraces, townhouses, and
The ferrous complex closed the jaws again yesterday. However, the first major data dump post-LNY was bad. CISA mid-February output was up but far below last year. Worse, steel inventories skyrocketed 20% and are far above 2025. Some of this will be CNY and Two Sessions distortion, but with a weak demand outlook in H1,
The usual suspects are putting the boot in as One Nation has proposed a new royalty on Australian gas production, aiming to raise $10bn–$13bn annually by charging producers $1.70–$2 per gigajoule based on output rather than profits. Economists say that even though the party says the plan will “end the rort” on natural gas supplies,
When the final tally of results for the last federal election was released, it revealed that One Nation received 6.4% of the primary vote in the lower house. This result was well within the ballpark of its previous results, with an all-time peak of 8.4% of the primary vote at the 1998 election and 5.0%