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
According to Cotality’s daily dwelling values index, Sydney dwelling values are falling rapidly, down 1.1% over the past 28 days. The accelerating decline in Sydney dwelling values follows a collapse in the city’s auction clearance rates, which are tracking in the 40s â the lowest level since the start of the COVID-19 pandemic. The weekend’s
Amid widespread criticism of the federal budget’s changes to capital gains taxes (CGT), the Albanese government last week announced that businesses with turnover of up to $10 million will be eligible for a CGT discount of 50% on the sale of active assets, up from the current revenue threshold of $2 million. In addition, the
World of Statistics tweeted the following, claiming that “India leads the world as the top remittance recipient country and is the only country in human history to ever exceed $100 billion in annual remittances”. In fact, the latest data on migrant remittances from the World Bank shows that in 2024, India was a net recipient
More and more good news is coming through on falling house prices. Whingers are mounting. A leading supporter of Treasurer Jim Chalmersâ tax reforms has urged the Albanese government to reconsider aspects of its capital gains tax (CGT) changes if evidence emerges that they are damaging investment and productivity. Committee for Economic Development of Australia (CEDA)
Alarm bells must have rung at ALP HQ this week, and Australians got a clearer view of the political and economic miasma they are sailing into with some of the heaviest mortgages on the planet. Some of the most welded-on ALP voters in the country voted to tell the Victorian State government to get stuffed.Â
Spewing, I missed this move lower thanks to the Iran War, but headwind seasonality is growing short, so I won’t chase it. But there are still bearish signs. The inventory build is back. Plenty of steel lying around. MySteel indexes are still better than official numbers. The latter are more trustworthy. Property is a bit
I noted last week how Australia’s immigration system is overwhelmingly unskilled. Every skilled permanent visa class allows the primary applicant to include a spouse/partner and dependent children as secondary applicants. Even though they are counted in the skilled stream, secondary applicants do not need a skills assessment, meet occupation list requirements, a points test, or
The following is the worst crock of shit I have read in a long time from the gas cartel. Written by Stephen Hartry, designated “gas industry executive”âthat is, CEO of GLNG, the Santos white elephant that is short of gas under the proposed gas reservationâthe article suggests that Santos is largely short of gas because
I gave it two weeks. Silly optimist. Iranâs parliament speaker and head negotiator Mohammad Bagher Ghalibaf has dismissed US threats, saying Tehran is prepared to respond if necessary.â A draft has â â been finalised regarding â â sanctions waivers for Iranian oil, ââHussein Gurbanzadeh, a member of Iranâs negotiating team, has told state â â media. Germanyâs Defence Minister has
For the longest time, One Nation supporters have been characterised in certain quarters as generally older white males or, as some have characterised them, “pale, male and stale”. Polling from Resolve, broken down by gender since the last election, shows that characterisation has been inaccurate, but the latest figures released earlier this month show the
The contrast between Australia and Canada on immigration and housing could not be greater. Last week, the Australian Bureau of Statistics (ABS) released net overseas migration and population data for the December quarter of 2025, which showed that Australia’s population grew by 412,500 (1.5%) in 2025, driven by NOM of 301,000 (1.1% of the population):
The collapse in the nation’s auction market rolled on this weekend, with the combined capital city preliminary clearance rate plunging to just 47.4%, its lowest reading since April 2020 during the depths of the COVID-19 pandemic. “While the preliminary clearance rate has been holding below 60% over ten of the past 12 weeks, this was
ï»ż Nordberg Kongwak · DeepT and Mr G June 2026 Stablecoins and Crypto In this podcast Deep T and Mr G explore the evolution of cryptocurrency, the rise of stablecoins, and their potential role in reshaping global finance. The discussion begins with reflections on the origins of Bitcoin during the Global Financial Crisis, challenging traditional
With the Australian housing market experiencing a price correction, driven by Sydney and Melbourne, the ABC has published an interesting report on the paralysis impacting buyers arising from the federal government’s changes to negative gearing and capital gains tax (CGT). The ABC notes that the auction clearance rate across the combined capital cities collapsed to
International Reading: âTrillion-Dollar Scamâ: Lawmakers Demand Halt to Trumpâs Golden Dome Boondoggle – Common Dreams Trump’s economic approval rating hits new low, poll finds – PBS Student Loan Defaults Rise to 9.2 Million Amid Trumpâs Crackdown – Bloomberg Americans to be hit with record-high electricity bills this summer – Independent Americans are spending $800 just
Victoria has become a lead weight on the nation’s job market, experiencing significantly higher unemployment and underemployment than the national average. The following table from the Australian Bureau of Statistics’ (ABS) April labour force report shows that Victoria’s trend unemployment rate (4.8%) and underemployment rate (6.4%) were the highest on the mainland, easily exceeding the
Australia has the highest levels of rooftop solar power (PV) in the world, thanks in part to generous government subsidies that have typically flowed to higher-income, home-owning households: The wealthy are most likely to install solar and battery storage because they can afford the high upfront costs. This leaves poorer households and renters facing steep
One positive recent reform undertaken by the Albanese government to Australia’s migration system was allocating far more permanent skilled places to employer-sponsored visas at the expense of regional visas. As a result, 58,040 permanent employer-sponsored visas are planned to be issued for 2026-27, comprising 44% of the total skilled migrant intake: The Australian Treasuryâs Fiscal
The AFR’s John Kehoe argues that “the government has inadvertently underwritten a tobacco crime wave and is now trying to plug the revenue hole by increasing taxes on capital income”. He argues that the Treasury has a history of underestimating consumer responses to tax increases and overestimating receipts. Tobacco excise has risen 28% since 2023,
Here is chapter two of my journey to the seventh level of hell in Victorian “caring services” last year. As I described last week, a psychopathic mental health nurse in a major Melbourne hospital had stalked my wife for a decade, leading up to 2024. In early 2025, the psycho went completely mad and began
Earlier this week, U.S. President Donald Trump signed a Memorandum of Understanding (MOU) with Tehran to move towards ending the war in the Persian Gulf. Trump signed the 14-point MOU on the outskirts of Paris, at the former French royal palace of Versailles, which was hosting the G7 summit. It is rather historically poetic that
This week’s official quarterly population data from the Australian Bureau of Statistics (ABS) confirmed that net overseas migration (NOM) continues to run hot under the Albanese Labor government. While NOM fell to 301,000 over the 2025 calendar year, that result was still 37,600 more than the single highest year under a Coalition government â i.e.,
Honestly, give it up. A federal gas reservation scheme risks deepening Australiaâs reliance on imported fuel by choking off investment in southern gas fields, Beach Energy boss Brett Woods has warned. …Beach is a vocal opponent of the plan, insisting the policy will crush domestic prices such as it but it said Laborâs signature energy policy
The Australian Bureau of Statistics (ABS) has released its official population statistics for the fourth quarter of 2025. Australia’s population grew by 412,500 (1.5%) in 2025, driven by net overseas migration (NOM) of 301,000 (1.1% of the population): The share of population growth from NOM remained historically high at 73% in the fourth quarter of
In this weekâs podcast, Nucleus Wealthâs Chief Investment Officer, Damien Klassen, explores the next wave of automation â examining the companies at the forefront of robotics, why China is rapidly scaling physical robots while the U.S. focuses on AI, and whether robotics could become one of the most important investment themes of the coming decade.
