In October, the nation’s housing market saw the strongest growth since June 2023. It also marked the strongest growth in credit to property investors in a decade on an annualised basis. October was also notable due to the introduction of the Albanese government’s significantly expanded 5% deposit scheme for first home buyers. Under the previous
Victoria has legislated a target to source 95% of its electricity from renewable energy by 2035. This is one of the most ambitious renewable energy targets in Australia and globally, designed to accelerate the state’s transition away from cheap brown coal and toward cleaner energy sources, such as wind, solar, and storage. The target is
Some WEF boffins are making no sense. Australia could double its iron export revenues to AUD250 billion ($162 billion) a year by shifting to low-emissions green iron. The country must accelerate two or more commercial-scale green iron ‘lighthouse’ projects by 2027 to secure first-mover advantage. A shift to green iron could help Australia cut up
In September, Frank Chung at News.com.au reported that “international students are overwhelming Australia’s asylum system with bogus refugee applications, as the country’s deportation backlog surges towards 100,000”. Abul Rizvi told Chung that “there’s an increasing number of student visa holders applying for asylum”, adding that there are likely to be around 50,000 migrants who have
The Market Ear on some growing crosscurrents for stocks. Trying The 10 year holding “stubbornly” around that big 4.1% level. A close slightly higher and things could get a bit squeezy. Note the negative trend line from May as well as the 50 day around these levels. Source: LSEG Workspace The Jaws gap Japanese vs.
The Coalition will shortly discuss the ‘principles’ on which its immigration policy will be based. However, there are differing opinions within the Coalition’s ranks on the issue, with some expressing concern about using the term “mass migration”. South Australian backbencher, Liberal senator Andrew McLachlan, has criticised Coalition colleagues who use the phrase, contending that linking
The 2025 iron ore bust was a bust. Long live the iron ore bust of 2026! The jaws are still a problem. More of a problem than I was thinking. Goldman. While the market remained tighter than we expected in Q1-Q3 due to resilient Chinese hot metal production, and improving China growth expectations alongside the
This week’s September quarter national accounts release from the Australian Bureau of Statistics (ABS) was mixed. On the one hand, overall GDP growth was soft at 0.4% for the quarter and slightly negative in per capita terms. On the other hand, annual GDP growth accelerated to 2.1% through the year, in part owing to upward
Some academic claims we know what will be in Albo’s new gas reservation policy. While full details are yet to be announced, we know there will be three main elements: a mandatory reservation volume, a gas security incentive, and competitive domestic pricing. The mandatory reservation will require gas producers to reserve a portion of their
Wall Street had another slow session overnight with an unclear picture of the US labour market weighing on high expectations that the Fed will cut in next week’s FOMC meeting. Bond markets sold off while the USD was relatively steady after an initial drop on the jobless claims print with the Australian dollar holding just