5+ hour, 18+ min ago  (205+ words) David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics…...

21+ hour, 22+ min ago  (100+ words) MacroBusiness Immigration boosts federal budget but harms state budgets There are two primary reasons why the federal government favours high levels of immigration. First, immigration boosts the economy as measured by GDP. As a result, implementing a high-immigration strategy allows…...

20+ hour, 12+ min ago  (114+ words) Australia’s migration boom crushed productivity growth MacroBusiness Australia’s migration boom crushed productivity growth When the pandemic first arrived on Australia’s shores in early 2020, it set off a fascinating economic experiment on a grand scale: what would productivity growth look like…...

23+ hour, 7+ min ago  (307+ words) The single most significant problem facing the Australian economy is low productivity growth. Australia’s labour productivity growth has ranked among the poorest in the OECD over the past decade and has barely increased since then. Chart by Justin Fabo at…...

1+ day, 21+ hour ago  (73+ words) MacroBusiness The RBA should worry about the labour market The interest rate futures market has become far less hawkish on interest rates. Only a few months ago, the market was still tipping two more 25 bp interest rate hikes for 2026. Now,…...

1+ day, 6+ hour ago  (171+ words) David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics…...

1+ day, 19+ hour ago  (284+ words) Australia’s rental market continues to deteriorate, with the latest data from Cotality showing that advertised capital city rents grew by 6.0% in the year to June, with the vacancy rate also tracking near historical lows: As a result, capital city advertised…...

1+ day, 19+ hour ago  (271+ words) Australia’s house price correction has steepened in July, with Cotality’s daily dwelling values index declining by 0.7% over the past 28 days across the five major capital city markets: As illustrated in the chart above, the decline at the 5-city aggregate level…...

2+ day, 57+ min ago  (109+ words) Australia’s migration data may be missing the full housing story MacroBusiness Australia’s migration data may be missing the full housing story Earlier today we got the latest net long term and permanent arrivals data from the ABS. In recent times…...

2+ day, 4+ hour ago  (81+ words) MacroBusiness Australians say lower house prices are best for the country In the most recent YouGov poll, the nation’s electorate was polled on one of the most controversial questions of our age, housing prices. They were asked: “Thinking about house…...