In December 2024, a joint report from UNSW and Homelessness Australia claimed that 10,000 extra Australians were becoming homeless each month. “Since 2020, rents have risen at rates unseen since 2008. During the period March 2020 to June 2024, the median advertised weekly rent for all property types across all cities and regions rose from
Asian share markets like other equities are doing the FOMO trade as it looks apparent that everyone is going to get a new baseline 10-15% tariff rate from the Trump regime with news that the EU is likely to be next, enshrining higher prices for US consumers for almost everything they buy. Wall Street doesn’t
The federal government’s proposal to tax the unrealised capital gains of superannuation funds was a key focus of the first question time session in the new parliament. Treasurer Jim Chalmers criticised the Coalition for attacking a policy that he claims would affect about 0.5% of people with a superannuation account, noting that it had opposed
A new FY brings new hope. S&P with the note. Flash Australia Composite PMI Output Index: 53.6 Index, sa, >50 = growth m/m % qr/qr (Jun: 51.6) Flash Australia Services PMI Business Activity Index: 53.8 (Jun: 51.8) Flash Australia Manufacturing PMI: 51.6 (Jun: 50.6) Flash Australia Manufacturing PMI Output Index: 52.3 (Jun: 49.9) “July’s S&P
Last week, Jobs and Skills Australia (JSA) released data showing that employers are having a far easier time finding workers to fill roles. As illustrated below by Justin Fabo from Antipodean Macro, the overall share of employees finding it difficult to find workers has almost returned to pre-pandemic levels. While higher-skilled workers remain harder to find,
Thank god for the liar from the Shire. AFR. Two US congressmen leading a committee looking at Chinese expansion in the Indo-Pacific have thrown their support behind the AUKUS nuclear-powered submarine pact, just a day before a hearing in which former prime minister Scott Morrison will testify. “AUKUS has received strong bipartisan support from Congress
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer Damien Klassen explored where income investors should look as Australian interest rates appear set to fall. View the presentation slides Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is
Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, explores where income investors should look as Australian interest rates appear set to fall. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is powered by Nucleus
You have to love the pretense of Westpac economist Pat Bustamante in The AFR: The mining industry delivered more than 50% of the increase in living standards over the past two decades, as measured by gross national income per person, according to a new report by Westpac. But an expected continued decline in commodity prices
The Australian Financial Review’s John Kehoe has published an extraordinary report, based on analysis from the Centre for Independent Studies (CIS), showing that spending by federal and state governments on initiatives such as the NDIS, aged care, and child care has reached its highest level since World War II. As a result, more than half