Hi all, A quick note to offer guidance on the new website. As well as the layout changes that make it easier to access content for new readers, it comes with a dramatically improved sign-up and resubscription process, greatly enhanced speed, and a much better mobile experience (since 95% of traffic is now phone!). The
Primary Section
Latest posts
The Coalition abandoned home ownership. Voters abandoned them.
While recent polling has seen One Nation fall back significantly from its recent all time highs in the polls, the Coalition’s political future at a federal level remains on life support. According to a polling analysis performed Mark the Graph over on Twitter (now known as X) from earlier in the month, the Coalition is
The men who destroyed Australian energy
The worst corporation in Australia, Santos, is lying again. Recall that it was STO that created the gas cartel way back in 2010, by lying about how much gas it had. As Santos worked toward approving its company-transforming Gladstone LNG project at the start of this decade, managing Âdirector David Knox made the sensible statement
Major bank: House price drop to smash consumption
Goldman says household consumption is expected to slow significantly over the next 18 months, posing a key risk to the domestic economy. Consumer spending growth is forecast to fall from current levels to 1.3% year-on-year by the end of 2026, before recovering modestly to 2.4% by the end of 2027. As a result, economic growth
Victoria gets ripped off for tens of billions of dollars
In explosive revelations reported by The Age, Victorian Premier Jacinta Allan’s Chief Infrastructure advisor confidentially estimated that the cost of rorts and rip offs could be as high as 30% on parts of Victoria’s ‘Big Build’. The ‘Big Build’ is the name the Victorian government has given to over $100 billion in public works such
Steel demand into the abyss
Iron ore is following its seasonal pattern into a rebound (that will be aided by oil). But, underneath the bonnet, it is only getting worse. The latest CISA numbers are still down 6% YTD and YOY, below 2019. MySteel increasingly agrees. Realty awful. Stimmies are a bust. But more is being spent in the real
Westpac says negative gearing changes will boost home building
As the debate over the changes to negative gearing and the capital gains tax discount continues, one of the major points of contention is the impact on new home building. According to estimates from Treasury, the changes to negative gearing and the capital gains tax discount will reduce the number of homes being built over
War intensifies
The slavish MSM says the Strait of Hormuz is open. Bloomberg. US forces struck Iran again, after Tehran launched retaliatory attacks on at least five Arab nations. The Strait of Hormuz is âopen to all vessels,â the US declared, even though the Islamic Republic insisted it was closed âuntil further notice.â Traffic in the key waterway was almost non-existent
Australia’s rents were soaring long before the budget
Since the Albanese government announced that negative gearing and the 50% capital gains tax discount would no longer apply to properties purchased from budget night onwards, the issue of the changes impact on rents has been a major point of discussion and contention. The popularised claim is that by making changes to the two policies
Auctions quagmire continues
This week, the combined capital preliminary auction clearance rate increased to 54.8%, the highest early clearance percentage in seven weeks, following three weeks of staying below 50%. With last week’s preliminary clearance rate of 49.8% being revised down to 46.0%, the increase is off a low base. An 8.7% decrease in volume coincided with an
Weekend Reads and Videos: 11 – 12 July 2026
Sunrise, Queenscliff, Victoria, Autumn 2026 Reads Near here Workers’ pay has not kept pace with productivity growth for 30 years, research suggests â ABCâŠ..so in 2026 âresearch suggestsâ when it has been obvious for more than a generation?…. Telstra recently warned about timing issue linked to national outage â ABC Australians face
Buffoon Taylor invents One Nation debt catastrophe
Some guy named Angus Taylor has made a very poor case that One Nation will ruin the budget. Angus Taylor has warned a One Nation government would create an âeternity of painâ for Australians and deliver even worse economic outcomes than the ÂAlbanese government, likening Pauline Hansonâs populist party to the Greens in his fiercest
Canada moves to stop house prices falling
Since Canada slashed net overseas migration from it’s peak in the March quarter of 2024, one of the last major remaining pillars supporting the already vulnerable Canadian housing market has been removed, leaving it on increasingly risky ground. According to figures from the Bank for International Settlements, housing prices nationally are down by over 20%
Australia’s rental crisis set to continue into the 2030s
With the release of the latest Cotality quarterly Rental Report, the dire state of the nation’s rental market has again been confirmed. Nationally, the rental vacancy rate was 1.7%, remaining near all-time lows and showing less than zero progress in addressing the rental crisis since Cotality’s data from this time last year, when the vacancy
The desolation of Grattan
Here’s a summary of the AFR’s Grattan Institute panegyric today. The rise of the Grattan Institute from an idea discussed over coffee in Melbourne in 2008 to Australia’s most influential independent public policy think tank. Founded by figures including Glyn Davis and Terry Moran, Grattan was inspired by the Brookings Institution and established to provide
Australian uranium for Australia, not India
This is reckless beyond belief. Greens spokesman on foreign affairs David Shoebridge has expressed concerns that a recent deal between Australia and India to export uranium could buttress Indiaâs nuclear weapons program. On Thursday, Modi declared Australiaâs uranium reserves were critical to helping India meet its ambition to build more nuclear plants and energy, and
Australia opened the door to India’s fake degree problem
In March 2023, the Albanese government signed an agreement with the Indian government pledging that Australia would recognize Indian qualifications in Australia as part of a broader slate of agreements with New Delhi. At the time Leith, aka the Unconventional Economist went through the full details of the report, which can be found in its
Industry gasbag takes credit for low prices
The worst gasbag in Australia is the rebranded Australian Energy Producers (AEP) lobby, formerly APPEA. It is the LNG cartel foghorn. Today it takes the cake. What is often overlooked in the debate is that over the past three months, east coast gas prices have remained at their lowest levels in years. Remarkably, this has
Labor says housing is broken after backing higher house prices
In a recent social media post, Housing Minister Clare O’Neil shared a video in which she spoke about the “broken housing market” and how it was hurting Australians. There is a full transcript of the video at the bottom of the article. O’Neil went on to state that: “You’re either on the side of change
Will Trump bomb the World Cup?
Here’s a good way to make everybody angry at Israel. Israelâs ambassador to Australia says he has never seen so much hatred toward Jews as he has in this country in a 26 year-long diplomatic career, declaring modern âblood libelâ myths are being normalised and the nation could face more antisemitic terror and violence. Take
Breakthrough! Australia mentions “China”
At least I think we did. Admiral Johnston said the ADF must âact with a greater degree of urgency to prepare for the worst-case scenarioâ because it could no longer rely on a decade-long warning time before a major conflict. He also made a passionate defence of the AUKUS submarine program as âa game-changing capability
Everything bubble bursts if Warsh fails the test
DXY is holding support as the war resumes. AUD is OK, but I don’t fancy its chances as North Asia slips inexorably towards crisis. Don’t buy gold until you think the war is over. Oil is running again. Base metals are shaky. Big miner’s bearish charts proved a valuable insight as they CRASH. EM looks
An Australian housing crash scenario charted
In recent weeks, the news surrounding the Australian housing market has gone from bad to worse, with commentary from bank analysts that mortgage demand has fallen significantly, with some observations seeing demand from property investors down as much as 50%. In a recent appearance on Channel 7’s ‘Sunrise’Â Shadow Attorney General Michaelia Cash and Housing Minister