Over the coming decades, Australia will require a massive expansion in electricity supplies. First, the nation’s population is officially projected to grow by nearly 50% over the next 40 years, implying a commensurate increase in household energy requirements (in addition to commercial). Second, Australia is expected to build dozens, if not hundreds, of data centres
Over the weekend, the Coalition got the band back together just in time to tear it apart. Angus Taylor’s supporters are expected to use the dismal polling figures to push for a spill of the Liberal leadership this week. Newspoll reports that the Coalition’s primary vote has fallen to 18%, while One Nation’s voter support
Back in 2020, China exported around 1 million vehicles, well behind the automotive powerhouses of South Korea, Japan, and Germany, and not too dissimilar to where exports stood at the start of the 2010s. Then in 2021, things began to change extremely rapidly. The pace of Chinese car exports began an absolutely meteoric rise, rapidly
The ferrous jaws are closing on a monthly basis. There’s more work to do on the daily chart, but clearly, we are getting there. Scuttlebut is weak. “Iron ore’s own supply-demand fundamentals remain weak,” said Steven Yu, a researcher at consultancy Mysteel. Hot-metal output at mills had been slower that expected before the week-long holiday
Australian housing has never been this expensive. According to Cotality’s latest housing affordability report, the nation’s median dwelling price was valued at a record 8.2 times median household income in the September quarter of 2025, up from 6.4 times the median income in the September quarter of 2019. The Australian Bureau of Statistics (ABS) also
The Reserve Bank of Australia’s (RBA) decision to hike the official cash rate by 0.25% last week has failed to dampen buyer enthusiasm in the housing market. According to Cotality, the nation’s preliminary auction clearance rate rose to 73.7%, up from 69.7% last weekend. It was also significantly higher than the 64.2% preliminary clearance rate
All of a sudden, the planets have aligned. Something both sides of Australian politics have been able to shunt off into the ‘politically too hard’ basket for much of a generation is now eminently doable. All that is required is data, some integrity in interpreting that data, and the political cojones to stand and deliver.
Despite the strong prospects of an interest rate hike, the nation’s final auction clearance rate bounced last weekend. Cotality recorded a final clearance rate of 66.4% last weekend, up from 57.1% in mid-December and 59.4% at the same time last year. Melbourne’s final clearance rate was 63.7% last week, up from 58.4% and 58.6% at
International Reading: Survey: 43% of Americans Don’t Have Savings to Pay for a $1,000 Emergency – US News Employers announce most job cuts since 2009 as economy wobbles – USA Today Warren to call for reversal of Trump’s UAE chip sales after ‘Spy Sheikh’ revelations – CNBC Trump is giving the U.S. economy a $65
Yes, this is my last post at MacroBusiness…see more below but first the final roundup of today’s markets: Its been a tough day on local markets with the ASX200 slumping while the nexus of the AI bubble on Wall Street, the Trump regime’s warmongering in Iran, a snap election in Japan and the latest US