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Population forecasts exacerbate housing crisis

March 26, 2025 - 08:00 -- Admin

The Albanese government’s first budget, released in October 2022, forecasts net overseas migration of 470,000 over its first two financial years (2022-23 and 2023-24). They delivered more than double this number, with 1,060,000 net migrants arriving over nine quarters to Q3 2024. The May 2024 federal budget forecast net overseas migration of 260,000 for this

Betting markets abandon Peter Dutton

March 26, 2025 - 06:00 -- Admin

Roy Morgan Research has released polling, taken before Tuesday’s federal budget, showing that Labor (53%) has gained a strong lead over the Coalition (47%) on a two-party preferred basis. “If a Federal Election were held now, the ALP would be returned to Government with an increased majority with the ALP”, Roy Morgan reported. Roy Morgan’s

Labor’s budget rolls out the pre-election pork

March 25, 2025 - 22:12 -- Admin

Labor handed down the ultimate pre-election pork-barreling budget, promising workers two more rounds of tax cuts and increasing expenditure in what will be the largest budget deficit since the pandemic. Major announcements included: a $17.1 billion package of income tax cuts (over five years); an $8.4 billion boost to Medicare; a $1.8 billion extension of

Macro Afternoon

March 25, 2025 - 17:30 -- Admin

Not much action across Asian stock markets although offshore Chinese markets are feeling the pinch while mainland shares are unchanged as are the satellite Australian local stocks which have tread water again. The USD is also largely unchanged against the major currency pairs while the Australian dollar is failing to get back above the 63

February 2025 MB Fund performance

March 25, 2025 - 14:00 -- Admin

Markets were slightly weak in February, but then turned nastily down in March. We sold down stocks at the start of March – more detail below.     More market mayhem Two weeks ago, we lightened up substantially on stocks. I want to explain why we made these decisions and discuss the prevailing uncertainty in

Broke Victoria sweats on federal budget funding

March 25, 2025 - 13:30 -- Admin

Recall that the 2023-24 Victorian Budget expected the federal government to provide “a matching contribution” to the first stage of its Suburban Rail Loop (SRL) project. However, the federal government has so far only committed to funding $2.2 billion, leaving a potential funding hole from the federal government of $9.3 billion. The $11.5 billion expected

Iron ore hope springs eternal

March 25, 2025 - 12:00 -- Admin

The ferrous jaws are back. The steel restock is done and is very depressed. Iron ore port stocks have dumped on the difficult cyclone season in Australia. Steel order books are subdued. Goldman. The forward order books of most steel mills were slightly up MoM in March, inline with seasonality. Demand from auto, appliance and

Destroy Santos, save Australia

March 25, 2025 - 11:30 -- Admin

Senator David Pocock on the gas cartel. Gas producers want to open more gas fields, saying that increased supply will bring down costs. But recent history shows otherwise: gas production on the east coast has doubled during the past decade, yet prices have tripled. This is despite Institute for Energy Economics and Financial Analysis data

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