Freelancer CEO, Matt Barrie, was interviewed by the Equity Mates podcast, where he once again demolished Australia’s “ponzi scheme” economy and housing market: The interview covers a wide range of topics, including: The challenges facing first home buyers The economic impact of mass immigration Why Australia’s housing prices are out of control What politicians are
Independent economist Tarric Brooker posted the following chart on Twitter (X), showing net internal migration in the year to March 2024 across Australia’s state capital cities: As you can see, only Brisbane (13,200) and Perth (8,300) had positive net internal migration over the year, whereas every other capital city lost residents to other jurisdictions. Brisbane
According to the REINZ house price index, national home values in New Zealand have fallen 16.7% since the market peak in 2021. This decline has lowered real inflation-adjusted home values back to pre-pandemic levels at the start of 2020. The results of the 2023 Census were released on Thursday and revealed that New Zealand’s home
Let’s take a walk down memory lane. It is June 2021, during the height of the pandemic. Australia’s borders are closed to immigration. And the NSW Intergenerational Report (IGR) has just been released, which explicitly warns that rebooting the Big Australia mass immigration program would create renewed ‘housing shortages’ across the state. “Net migration is
Of course it did! This is becoming a pattern for gas cartelier Origin Energy: Origin Energy is abandoning its ambitious plans to develop hydrogen in the country’s industrial heartland in another blow to the Albanese government’s dreams for the energy source to help drive the transition to net zero. The group said on Thursday that
Preliminary data reported in The SMH shows that the number of offshore student visa applications fell to 18,697 in July, compared with 36,207 during the same period in 2023. The downturn continued in August, with applications falling from 30,703 a year earlier to just 15,270. The sharp fall coincided with the federal government’s push to
The Market Ear on stretched US market internals. HF Leverage approaching July 2023 high Net Leverage among “All Strategies” ticked up (+1.5z increase in the past 4 weeks) and approaching July ’23 high. JPM PI Even longer The big long has become even longer. Chart shows SPX net non dealer positioning. GS Something is rotten
Victoria is an economic disaster zone. Data from the Australian Securities & Investment Commission (ASIC) shows that the average number of new businesses registered per 1,000 existing firms in Victoria during the year to September was 80.5. This compares with an average of 99.8 in South Australia, 98.2 in Queensland, 95.3 in New South Wales,
China’s number one media fanboy has dug up a obscure economist to keep the party going. Bloomberg: Jia Kang, a former head of a research institute affiliated with the Ministry of Finance, said authorities could lift confidence by drastically raising government investment in public projects. He spoke in an interview with Chinese publication The Paper
Risk markets are still reacting in the main to the expanding war in the Middle East, with oil prices spiking on potential Iranian attacks while the USD firmed due to a better than expected ISM services print. Wall Street put in another scratch session while European shares lost their shaky confidence and sold off across