Last month the ABS announced that it would not be releasing the 2023-24 Survey of Income and Housing due to data collection issues. In the ABS’ own words: “Despite work to address these issues, the data did not meet the ABS’ high standards for official statistics and will not be released. This decision means that
Perhaps the most enduring mystery dogging the Albanese government is why it has taken no action to reduce gas prices. This one reform is such low-hanging fruit, so easy to do, with such immense economic upside, that the failure to act upon it is the single most toxic symptom of Australian political failure in the
Wall Street rebounded overnight in what looked like a short covering exercise but barely managed to cover the Friday night losses while the USD remains on the ropes as it only moved higher against Swiss Franc as the likelihood of the Fed cutting rates much sooner increases. US Treasuries again saw further moves lower across
The latest temporary visa data for Q2 2025 from the Department of Home Affairs shows that the total number of student visas on issue in Australia fell marginally to 592,342, down from 608,262 a year prior. However, the slight fall in temporary student visas on issue was offset by the rise in graduate visas, which
The latest Australian Bureau of Statistics (ABS) national accounts showed that Australia’s manufacturing sector comprised a record low share of GDP. In Q1 2025, manufacturing’s percentage of GDP decreased to 5.1%, down from 8.9% two decades ago and 15% in the mid-1970s. Australia has the smallest manufacturing share in the OECD, making it one of
The fallout from Friday night’s terrible – or beautiful depending on your alternative facts – US jobs print has seen most Asian share markets come back slightly while Wall Street looks set to lick its wounds on the open tonight. The USD remains on the run after falling sharply against the majors on Friday night
The ACTU has used its submission to the federal government’s upcoming economic roundtable to call for negative gearing and the 50% capital gains tax (CGT) concession to be restricted to a single property. The ACTU also wants a 25% “energy levy” to be imposed on LNG exports, for millionaires and family trusts to pay at
Canada experienced a boom in temporary migrants over recent years, which helped drive up rental inflation to astonishing levels. As a result, temporary migrants hit a record 7% share of Canada’s population in mid-2024, which the government has promised to reduce to 5% by the end of 2027. Now spare a thought for Australia, whose
Anti-Americanism is an irrational bias. It’s a bit like racism. A prejudice against a people stemming from phobia, not reason. Australians suffer from it a lot, owing to the chip on their shoulder, none more so than Peter Lewis at The Guardian. That deal was to allow Australia to access US-UK nuclear technology delivering long-range
It’s thrust and counter-thrust in the great rent-seeking debate of our time: The PC has launched its allegedly radical plan to boost productivity via cash flow tax. The Productivity Commission has revealed an ambitious plan to slash the income tax rate to 20% for all but the very largest Australian companies. For businesses earning between