On Saturday, I will be the headline speaker at a public forum in Adelaide: “From housing crisis to eco-crisis: Why Australia’s population growth is unsustainable?” My presentation is entitled: “Australia’s immigration and the everything shortage”. Below is a detailed radio interview with Matthew Pantelis at Radio Five AA, where I discuss the key themes of
Albo is a liar. Not a conniving liar like ScoMo. A dumb liar like a political bovver boy: Professor Holden said Mr Banks had “raised a number of totally legitimate concerns that I and plenty of others have raised”. Professor Holden said there was a difference between safeguarding the sovereign manufacturing of essential products like
Apartment developer Tim Gurner let the cat out of the bag when he admitted that easing planning rules won’t magically boost housing construction: “Rich Lister and Melbourne developer Tim Gurner says while the anti-development stance adopted by many councils is a major roadblock, it is only a part of problem”. “He estimated that less than
All fog of war stuff, but retaliation of some sort is underway in Iran: Three large explosions heard in Isfahan south of Tehran, US officials confirm. The Natanz nuclear facility is located in Isfahan. Unconfirmed simultaneous explosions have also been reported in Syria and Iraq (Baghdad and Babil/Babylon province). Iran has established a no-fly-zone over
Great piece here from Bloomie: China’s first-quarter 5.3% growth handily beat expectations and Beijing’s own target of “around 5%.” But if you ask households, companies and even the taxman, the reality on the ground feels a lot less rosy. By the end of 2023, only 9.5% saw good job prospects, according to the central bank’s
According to the Department of Home Affairs’ latest temporary visa data, there were a record 713,144 international students in Australia as of the end of February 2024: This is an increase of around 100,000 from the pre-pandemic peak. With Australia’s rental crisis raging out of control, eight peak bodies in the international education sector have
New data from the Australian Securities & Investments Commission (ASIC) shows a big jump in external administrations in March, with 7,742 firms going under in the nine months to 31 March 2024: The following chart from Justin Fabo at Antipodean Macro shows that insolvencies surged in March to their highest number in decades: Construction continues
Brendan Coates from the Grattan Institute was at it again this week, calling on Australia’s major cities to copy Auckland and open up to high-density development: “The core problem when it comes to housing in Melbourne, is that in a lot of the most attractive areas – where people most want to live, with the
The freshly re-elected Lord Mayor of Brisbane Adrian Schrinner has taken aim at the record net permanent and long-term arrivals figures released by the Australian Bureau of Statistics (ABS) on Tuesday. This data showed that Australia recorded the strongest monthly (105,500), quarterly (172,400), and annual (498,300) net permanent and long-term arrivals on record. Adrian Schrinner
The Market Ear on the new trend. That’s new April MTD – down moves bigger than up moves. Haven’t seen this since October 2023. Nomura NASDAQ – say hello to the 100 day NASDAQ is closing in on the 100 day moving average. 17500 is a massive short term support to watch. Note that the