It has been a year since former Victorian Premier Daniel Andrews proclaimed that the state would build 80,000 homes yearly for 10 straight years. Victoria has never built more than 70,000 new dwellings in a calendar year since Labor was elected in 2014. This means that the 80,000 annual target requires a significant ramp-up in
Australia’s most industry-captured think tank, The Grattan Institute, must be laughing into its corporate sponsorship beard over this: The Allan government will be hit with an angry campaign by gas advocates and plumbers who will target up to 50,000 voters a week amid plans to rid gas from Victorian homes. Gas advocates say the campaign,
A mighty debate is underway between foreign policy greybeards: Could the Alexander Downer who accuses me and Paul Keating of appeasement possibly be the same Alexander Downer who recently wrote in this newspaper that if he had a vote in the US presidential election it would be for Donald Trump (“The vulgar v the divisive:
Analysis by consulting firm EY suggests that the federal government will need to borrow about $90 billion in 2024-25 to finance its spending programs. This is $15 billion higher than the previous financial year. Meanwhile, the state and territory governments are set to borrow a combined $101.5 billion in 2024-25. Victoria and Queensland will account
Albo is the perfect combination of Malcolm Turnbull and Scott Morrison. He does absolutely nothing while telling huge lies about how busy he is. To wit: Anthony Albanese has blasted the supermarket duopoly for treating customers like “fools” and warned Coles and Woolworths may have exacerbated inflation during the worst cost-of-living crunch in a generation,
The SMH’s deputy business editor, Clancy Yates, argues that consumers’ “frugal” response to the Stage 3 tax cuts is “music to the ears” of the Reserve Bank of Australia (RBA) and means that further rate hikes are off the agenda. “So far, it’s been close to three months since the tax cuts kicked in and
Poor old Bloomberg has no idea about China: China’s central bank has announced a sweep of support for the economy, as pressure mounts on authorities to unleash stimulus and hit this year’s growth target of around 5%. China will help banks boost lending to consumers, cut its key short-term interest rate, and lower the mortgage
Universities Australia, the peak body for the higher education sector, continues to pump out propaganda against the federal government’s efforts to lower international student numbers. Over recent months, we have seen Universities Australia release propaganda about Australia’s fantastical education exports, Universities Australia has also claimed that international students do not have a material impact on
Peter Dutton is doing a bang-up job of making himself unelectable when all he needs to do to win power is cut immigration and federal spending while promising rate cuts: Opposition Leader Peter Dutton has conceded the Coalition’s nuclear energy plan relies on many of Australia’s ageing coal-fired power stations running for at least another
I still don’t see China doing much. This is not a bazooka: China announced plans for a rare briefing on the economy by three top financial regulators just as it cut one of its short-term policy rates, fueling speculation officials are preparing to ramp up efforts to revive growth. Authorities announced Monday that central bank