One of the major themes of MB over the past decade has been the emergence of fake politics. On the one hand, the old, real left abandoned its vision to fight the inequities of class. In its place rose the fake left, fixated on the culture wars of race, gender and identity issues. Its driving
Australia’s housing market is on the verge of a boom. The weekend’s preliminary auction clearance rate surged to 77.9% across the combined capital cities, which was the strongest result since the last week of October in 2021. Melbourne’s preliminary clearance rate was 78.6%, which was the strongest result since the week ending 24 October 2021.
Cotality (formerly CoreLogic) estimated that rental payments were chewing up a record 33% share of household income at the end of last year. Cotality’s June quarter Rental Review estimated that weekly rents nationally have increased by $200 (43%) over the past five years, meaning that the median Australian tenant is now paying an extra $10,350
By Lucinda Jerogin, Associate Economist at CBA The unemployment rate held steady at 4.2% in August. Australia’s population rose by 0.5% in Q1 25 to 27.5 million people. The annual growth rate eased to 1.6%. Offshore, the US Fed Reserve took centre stage cutting the funds rate by 25bp as was widely expected. The BoC