Blogotariat

Recall leading apartment developer Tim Gurner’s warning that Australia’s rental crisis could last another 15 years due to a lack of supply relative to the nation’s strong population growth. “If you look at the vacancy rates, it’s pretty simple, right? We have vacancy around 1% in every single state, construction supply is the lowest it’s

The post Australia’s housing shortage is worse than thought appeared first on MacroBusiness.

Another late night tariff threat dump by a senile Trump on Friday upset risk markets across both sides of the Atlantic which will result in increased volatility on the open here in Asia. Following the passage of the Trump regime’s new “Tax” Deal (aka blowing out the deficit forever) this will also embolden volatility on

The post Macro Morning appeared first on MacroBusiness.

DXy is breaking down again. AUD looks ready to breakout. Lead boots plod higher. Gold loving DXY, oil nowhere. Metals also loving the DXY. Miners not worse. Junk nothing burger. Yields fell on the night but the trend is not your friend. Stocks are not enjoying the regime of the American lira. Yet the AUD

The post Australian dollar rockets upwards appeared first on MacroBusiness.

Liberal and National MPs insist their nuclear power plan didn’t cost them votes in the federal election. But evidence suggests it may have cost them 11 seats.

Home buyer demand increased recently following the federal election and expectations of an imminent interest rate cut from the Reserve Bank of Australia (RBA). As illustrated below, final auction clearance rates (current to 18 May) showed a marked rebound across Sydney, Melbourne, and the combined capital city markets. This weekend’s preliminary auction results from Cotality

The post Home buyers pounce after RBA rate cut appeared first on MacroBusiness.

Universal Basic Income (UBI) is an income support policy under which all individuals receive a regular unconditional cash payment from the government, regardless of employment status or income level. In other words, every adult citizen (and sometimes children, at a lesser amount) is granted a basic stipend periodically, with no means test or work requirement attached. The primary goals of a UBI are to ensure a minimum standard of living, reduce poverty, and simplify the social safety net by replacing or complementing targeted and more complex welfare programs1.

The AEC finished the distribution of preferences for Bradfield late on Friday night, after a fascinating day that started with teal independent Nicolette Boele leading by 28 votes and ending with her 8 votes behind. This was a shift of 48 votes from Boele’s 40-vote margin at the end of the indicative 2CP count on Monday afternoon.

This has automatically triggered a recount, as the margin is less than 100 votes. The recount will commence on Monday.

International Reading: Trump Is Slowly but Surely Killing U.S. Economy, Experts Warn – New Republic Walmart announces 1,500 job cuts after Trump tells US retail giant to ‘eat the tariffs’ – Economic Times Americans favor labor unions over big business now more than ever – EPI The Largest Upward Transfer of Wealth in American History

The post Weekend reading and MB media appearances appeared first on MacroBusiness.

My latest in The East Asia Forum

The May 2025 federal election campaign was characterised by a studious avoidance of the main issues facing Australia, most notably the country’s future relationships with the United States and China. Canberra should confront the quandaries redefining the US relationship, initiated by President Donald Trump’s second term. Washington’s radical reorientation shows no sign of reversing even after 2028, when Trump is due to leave office.

Big batteries are having a growing influence on evening demand peaks in Australia and in California, where their output hit 10 gigawatts for the first time this week.

Australia's path to ultra low cost solar and a game-changing price of just $20/MWh is being made easier by breakthroughs in robot and Ai technology.

Big Four Austr