Blogotariat

The solution to the rental crisis is being played out across Australia’s two most similar nations: Canada and New Zealand. Canada experienced a record rise in rents in response to the largest surge in immigration in the nation’s history. Last year, the Canadian government announced that it would freeze population growth for three years in

The post Want cheaper rents? Cut immigration. appeared first on MacroBusiness.

Asian share markets are flat or slightly down across the board in another very quiet session as macro news remains dominated by the farcical White House talks between Europe, Ukraine and the Trump regime. The moves to watch this week will be the Jackson Hole conference on Friday with Fed Chair Powell expected to make

The post Macro Afternoon appeared first on MacroBusiness.

Federal Labor launches latest Future Made in Australia initiative, offering companies a share in $500m to supercharge domestic battery manufacturing.

The second stage of what will be Australia's biggest battery to date has burst into action, helping change the evening profile on the country's biggest isolated grid.

New Zealand’s economy continues to face severe challenges. As illustrated below by Justin Fabo from Antipodean Macro, the Reserve Bank of New Zealand’s GDP growth nowcast is pointing to a 0.2% decline in real GDP in Q2 2025. New Zealand’s labour market is also in dire straits, with unemployment and underutilisation rates soaring to near-decade

The post Recession alarm sounds for Reserve Bank appeared first on MacroBusiness.

At the end of 2024, CoreLogic (now Cotality) reported that the national dwelling value to income ratio and the percentage of income required to service a new mortgage were tracking at a record high. Cotality’s July housing report showed that the median dwelling value across Australia’s capital cities was $926,854 at the end of July.

The post Australian house prices hit affordability ceiling appeared first on MacroBusiness.

RBC with the note. As anticipated, the Anchorage meeting between President Trump and Putin yielded no serious deal specifics but plenty of smiles and positive sound bites signaling diplomatic progress. Ahead of Friday, we noted that the prospects of meaningful sanctions relief stemming from this summit were minimal, due in large part to the fact

The post Ukraine war progress slow appeared first on MacroBusiness.

South Australia is held up as the nation’s renewable energy leader with the highest penetration of wind and solar generation in the nation. South Australia shut down its last coal-fired power plant in 2016 and now generates more than 70% of its electricity from renewable sources, mainly wind and solar. However, the shutting down of

The post South Australia a prelude to nation’s energy future appeared first on MacroBusiness.

Wetspac with the note. Westpac Consumer Sentiment Index up 5.7% to 98.5 in August. • RBA’s third rate cut for the year provides a clear boost. • Long period of pessimism finally coming to an end. • Consumers less anxious about finances, cautiously positive on economy. • Sentiment lift broad-based, not just confined to those

The post Rate cut sends house price hopes berserk appeared first on MacroBusiness.

Amidst the release of the Reserve Bank’s August Statement on Monetary Policy and the Albanese government’s upcoming roundtable summit, the issue of productivity growth has become a source of great debate and some controversy. On Twitter (also known as X), Nationals Senator Matt Canavan posted a chart from the Australian Financial Review showing productivity growth

The post The great productivity debate appeared first on MacroBusiness.

HMC seeks $1 billion in new attempt at fund raising its Gillard-chaired energy platform, but it has narrowed its development focus to wind and battery storage.

At the end of 2024, Australian rental affordability was tracking a record low, according to Cotality (formerly Corelogic), with the median household required to spend 31% of their income on renting the median home. Cotality’s latest quarterly rental also reported that national median rents have risen by 43% over the last five years, causing the average

Last night was all about geopolitics with an absence of economic releases for markets to pivot on, the result being a staid session on Wall Street and across the Atlantic as European stocks pulled back slightly. Markets are waiting for the Jackson Hole conference later in the week with the USD pushing slightly higher overnight

The post Macro Morning appeared first on MacroBusiness.