The latest Intergenerational Report projected that Australia’s population would balloon by another 13.5 million people over the next 39 years to 40.5 million people by 2062-63: This ballooning population would be driven purely by permanently high net overseas migration: Melbourne is forecast to receive the largest share of this population increase, with the state government
Prior to the pandemic, almost every opinion poll showed that Australians do not support high levels of immigration. For example: Newspoll (2018): 56% want lower immigration; Essential (2018): 54% believe Australia’s population is growing too fast and 64% believe immigration is too high; Lowy (2018): 54% of people think the total number of migrants coming
The mystery for iron ore traders is not why the price is $100 or $120. It is why the price is not at $50 and falling. Iron ore is pumping out of every major country, jurisdiction, and mine against a backdrop of the greatest steel demand crisis in history. This was clear again in Chinese
Goldman with the note. AUD: Back to the beta. Rising equity prices have been the primary driver of easier financial conditions this year, despite a brief reversal in April. AUD tends to be the most high-beta of the G10 currencies, with the strongest correlation to higher equity prices, and typically outperforms in this type of
Maybe there is a road map for journalists wiping the crumbs off their front and starting to talk about immigration. Some of them need it. We should understand that this will be profoundly difficult for those journalists in organisations – let us start with Ninefax, someone else’s ABC and the Guardian – who have had
International Reads: The salary you need to be considered middle class in every U.S. state—it’s close to $200,000 in 2 of them – CNBC Billionaire investor Ray Dalio warns U.S. is ‘on the brink’ and estimates a more than one in three chance of civil war – Fortune Trump pledges to scrap offshore wind projects
A mixed reaction to the slip on Wall Street overnight across Asian stock markets with local stocks losing their risk on mood the most, while Chinese shares are sanguine after the latest fixed asset investment numbers were released. The USD is still coming back against the majors, particularly against Yen while the Australian dollar is
Billionaire Meriton founder Harry Triguboff has warned that he will develop fewer apartments because selling them will be difficult due to high interest rates. “It is harder to sell apartments now than ever before”, Triguboff said. “The market for selling is definitely not rising…and it won’t rise much until we drop our interest rates”. “Of course,
I have noted repeatedly how Canada represents an omen of what could happen to the Australian economy if we continue running an extreme immigration policy. Canada officially recorded its largest-ever increase in population in 2023, with 1.27 million residents added, 98% of whom came from net overseas migration: Like Australia, Canada’s extreme immigration has kept
This is painful to watch. While it negotiates a contract to acquire gas imports, Venice Energy has reached out to Asian developer Atlantic Gulf & Pacific Company regarding a joint venture or supply agreement. A possible agreement would hasten the construction of the LNG import terminal in South Australia, which is currently regarded as a