Blogotariat

For today’s blog post, I thought I’d wrap up the remaining urban teal contests in Sydney and Perth.

To start with, this map shows the seats of Wentworth, Mackellar, Warringah and Bradfield. The first three have incumbent independents running for re-election, while the fourth had a strong contest that is now too close to call. Of course it’s worth emphasising that these maps only show the ordinary election day booths. Large parts of the vote have been cast through other methods and they are usually more conservative.

Indian students and migration agents celebrated Labor’s federal election victory as a green light to immigration. The Indian community and migration agents know that the Albanese Labor government is a soft touch on immigration. Their view is well-founded, with record international student enrolments: Record graduate visas on issue: And record bridging visas on issue as

The post Aussie immigration stuck on high plateau appeared first on MacroBusiness.

The latest ASIC data shows that the construction sector leads the nation’s insolvencies, with 2,795 firms going under so far this financial year, representing a 24% increase on 2024. The following chart from Justin Fabo from Antipodean Macro illustrates the rising construction sector insolvencies, which are tracking at around double the pre-pandemic norm: Last week,

Norway oil giant on the verge of terminating huge US offshore wind project due to delays controversially imposed by Donald Trump’s administration.

US-based battery storage developer says Australia has been largely shielded from the disruption in the US market caused by Donald Trump's tariff war with China.

The algorithm knows me, which is why it served up this piece of sports writing about caffeine.

It was just past 11:20 a.m. on a Monday in New York City when the caffeine began to take hold. My head buzzed. My stomach sloshed. I had felt so confident just a couple of hours earlier. Now I felt defeated.

I was no Dan Campbell.

According to the Council to Homeless Persons (CHP), Victoria has the nation’s lowest level of social housing as a proportion of the overall housing stock. Public housing in Victoria has slumped from a high of around 4% in 1994 to a low of about 2.4% currently. The figure rises to around 2.9% when community housing

The post Victoria: the homeless capital of Australia appeared first on MacroBusiness.

Let’s take a walk down memory lane. The date is 13 August 2019, six months before the COVID-19 pandemic arrived in Australia. Infrastructure Australia’s (IA) Australian Infrastructure Audit was released, warning that $40 billion a year of infrastructure investment is needed to catch up with Australia’s voracious population growth. Otherwise, productivity and living standards will

Backer of two massive green hydrogen projects in Australia says a "breakthrough" in modular design could cut the costs of the technology by up to 20 per cent.

Westpac with the note. Westpac Consumer Sentiment Index up 2.2% to 92.1 in May. • Index recovers about a third of April’s tariff-related fall. • Solid rebound in views on finances led by sharemarket rally, lower fuel prices. • Benign inflation shores up consumer expectations for interest rate cuts. Consumer sentiment has recovered just over

The post Fearful Aussie consumers need sugar mummy appeared first on MacroBusiness.

Last month, Ben Phillips from ANU’s Centre for Social Research published a spurious analysis claiming that “lower migration wont ‘free up housing'”, because “as population increases dwelling numbers also increase”, and “with fewer migrants we’d also have fewer dwellings”. Phillips’ analysis was comprehensively demolished on the grounds that: Very few migrants work in construction. Therefore, migrants

For today’s booth map we’re staying in Melbourne but heading slightly south-east, to look at the two incumbent teal MPs in Melbourne: Zoe Daniel’s seat of Goldstein and Monique Ryan’s seat of Kooyong. Daniel was defeated in Goldstein, while Ryan narrowly held on in Kooyong.

DXY is back as the child president spews his slop in a hard reverse. AUD has switched from safe haven to growth proxy, Lead boots to the moon! That is the ugliest double top on gold I can remember. Metals vote for growth over tariffs. Miners maybe. EM nears breakout. Grow my junk! Yield pause.

The post Australian dollar falls off a cliff appeared first on MacroBusiness.