February has turned out to be another shocker for Australia’s home-building industry, which faces an uphill battle supplying homes for Australia’s ballooning population. Only 162,200 dwellings were approved for construction in the 2023 calendar year. This was the lowest annual result since March 2013, below the historical average, and some 78,000 lower than the Albanese
Interest rates are higher than they have been for years and income investors are reveling in the higher yields. But, inflation is crashing around the global and interest rates are likely to follow. How do you protect your portfolios from falling interest rates? Tune in to this week’s podcast as Nucleus Wealth’s Chief Investment Officer,
Chicken Chamlers is at it again. This time on the WA GST deal: At $US128 a tonne, WA’s share of GST would have stayed around the 30¢ per person mark. But as Morrison’s plan meant its share had to increase, billions and billions more had to be tumbled into the GST pot to ensure all
Fresh from the ABS. In seasonally adjusted terms, in January 2024: unemployment rate increased to 4.1%. participation rate remained at 66.8%. employment increased to 14,201,300. employment to population ratio decreased to 64.1%. underemployment rate increased to 6.6%. monthly hours worked decreased to 1,871 million. full-time employment increased by 11,100 to 9,797,800 people. part-time employment decreased by 10,600 to 4,403,500
The Department of Home Affairs has released temporary visa data for the December quarter of 2023, which shows that net overseas migration remained turbo-charged. The charts below summarise the data and compare visa numbers as of 31 December of each respective year. First, there were 2,763,000 temporary visas on issue as at 31 December 2023,
Prime Minister Anthony Albanese indicated in January 2022 – four months before the federal election – that his government would run a lower immigration policy if elected: “His “train locals first” push comes a month after the Labor leader refused to back the government’s plan to bring permanent migration back to 160,000 a year”, The
It just gets worse at Australia’s newspaper-turned-fantasy fruit cake recipe. Unsatisfied with the gaslighting of dying homeless people, The Guardian of Nothing’s intellectual frauds have scoured the earth to find a style of living that agrees with its perverse aesthetic: Meet Konstanze Winter in Delft, a canal-encircled city in the Netherlands best known for its
We have noted repeatedly how Australia’s unemployment rate will likely shoot up this year as employer demand for workers slows and labour supply grows briskly via strong net overseas migration. This puts MB at odds with the Reserve Bank of Australia’s (RBA) latest Statement of Monetary Policy (SoMP), which forecast that Australia’s unemployment rate would
Some very dovish Fedspeak and revisions to the latest US PPI print gave equity markets a small lift overnight, following a slump from the stronger than expected CPI print. Wall Street rebounded and futures for Asian share markets look more optimistic as a result although the USD remains fairly strong against most of the majors
Sometimes, being stupid can be an advantage, in the short term: Australia is lagging international peers on the adoption of artificial intelligence and other advanced technologies, according to the Productivity Commission. We are “pretty much toward the bottom of the pack of OECD nations,” Danielle Wood, chair of the commission, said at the AFR Workforce