In the years since the pandemic arrived, Melbourne has gone from having one of the strongest economies in the nation and being a drawcard for internal migration to the butt of jokes and criticism. In some ways, this criticism is justified; the Victorian labour market and economy today are performing nowhere near as strongly in
With the implementation of the Albanese government’s 5% deposit scheme for first home buyers just over a week away, social media is filled with promotional material from the Albanese government crowing about how their achievement will help prospective home buyers. It’s certainly true that some first home buyers will benefit because they will be able
From the Market Ear: Tech spending Without tech spending the US economy would be close/in a recession. DB points out: 1. Good news: The AI super-cycle — with NVIDIA effectively carrying the US economy — is offsetting demand (tariffs) and supply (immigration) shocks. 1. Bad news: The cycle can’t last without parabolic capex. With hyperscaler
The Productivity Commission (PC) released its quarterly Bulletin, which explored the structural decline in Australia’s ‘capital deepening’, which has contributed significantly to the nation’s productivity malaise. “Labour productivity tends to increase when workers have more or better capital (such as computers and buildings) to work with, which is known as ‘capital deepening’”, PC Deputy Chair