High Tower

@AvidCommentator Supply and demand my friend. Name me a global city that has the beauty, employment opportunity, lifestyle, stability, air quality, water quality, food quality, and security comparable to Sydney? Similar can be said for Melbourne and Brisbane.

If Australian capital city house prices were to fall by 20%, the median would still be $933k. If they fell by 30%, it would be $817k. Not exactly cheap....

@TMFScottP Cynical view - Is so the banks stop being publicly critical of the governments proposed CGT and negative gearing changes?

Oh man, here we go... Prudential (and prudent!) management is getting in the way of 'make the number go up so we get re-elected'. It's almost like the 80s and the GFC never happened. Sacrificing risk management at the altar of growth is short-term stupidity.

@RBASHAGGER Parody account so it’s a joke/AI right? Right?

Oh dear

@FinancialReview 5 years too late

Blowouts have added as much as 30 per cent to the cost of major infrastructure projects in Victoria. Premier Jacinta Allan insists there is “no evidence of government corruption”. ebx.sh/k0pHbu

@AlboMP Economic policy on the fly. Good work. Maybe do the work upfront so you stop fkng around with unintended consequences

@JEChalmers This going to age well when the June qtr number are released

BREAKING: New numbers show the economy is growing at its equal fastest annual pace in almost 3 years and private sector investment is booming. Today’s National Accounts show the Australian economy grew 0.3% in the quarter, to be 2.5% higher through the year. All of the growth in the March quarter came from the private sector. This is very solid in the circumstances. It shows how resilient our economy is at a time of substantial global economic volatility.

@tanya_plibersek Source please?

For the battlers, right?

@AlboMP Tax gas and unwinding your stupid CGT changes.

We're doing everything we can to keep fuel going to where it's needed.

@TheKouk Sorry - my understanding is that was just an outlook, right?

So much for all that super market price gouging tosh. You down have weaker earnings like this if you are a price gouger

@GallagherH22760 @KobeissiLetter How good is this security. Zero attempts on the first black president yet shooters somehow able to get within Trumps security perimeter on multiple occasions

@KobeissiLetter 3rd attempt on his life now?

BREAKING: The shooter in the ballroom of the White House Correspondents' dinner has been confirmed dead, per CNN. President Trump and JD Vance have been evacuated from the event.

@bowtiedstocks @JacintaAllanMP The real question is can they work from Bangalore and Manilla as well..?

@JacintaAllanMP Can they work from the Gold Coast and Sunny Coast too Jacinta? Feels like half of Victoria has relocated up here now…

Work from home saves families time and money, and from September 1 - it’s law.

@JacintaAllanMP Maybe if the state govt actually went in to the office they might have been aware of the CFMEU corruption and been able to manage infrastructure cost blowouts

@AvidCommentator We need an equivalent of the DC pizza index to see whether anyone is working late in Canberra

Seriously? China has already stated they have banned jet fuel exports, that is 32% of our fuel that will not be coming and that impact will be felt in the next 6 weeks. Be honest with people for God sake before we get bushwhacked and people go ape with panic.

@JamesLucasIT Universal truth and facts. Now it’s my truth

What has gradually disappeared over the last decade without people really noticing?

@_warrenhogan Am I missing something? Household rents and rising utilities are core drivers of the higher CPI. Yet both are necessities and driven by policy or structural decisions- ie. High immigration, poor policy support/enablement of new housing - rather than discretionary spending

Governor Bullocks fireside chat at University of Melbourne suggests RBA in fine tuning mode. Although caught by surprise by the private sector recovery of the last six months and the speed with which inflation has jumped back above their band, she is doesn’t appear concerned that inflation will get away from them. They can afford to be patient is my sense of her position. I disagree. Moreover, the case to get rates back to where they were in early 2024 (4.35%) is compelling. In my view, only once rates are at this level is there any room for patience. Not sure she ruled out a March hike, that remains a market assessment. But it does beg the question: “If the RBA board do not hike in March after yesterday’s inflation result, and the previous week’s unemployment result, is there any point to meeting every six weeks?” They might as well just have 4 meetings a year and save the time and money. The key outcome in yesterday’s inflation report was strong housing inflation, which is inconsistent, according to their own analysis, with the idea that this inflation increase is temporary. And it is housing inflation that is strongly correlated with core inflation. I put a March hike at 50% probability, compared to the market pricing of 15%, given that the governor is unlikely to have been informed of this particular detail on the CPI result when she spoke in the house of doves at Melbourne University last night.

@RobTayl79797805 @ausvstheagenda It’s Labors Big Build Rob. Not the Liberals Big Build. It’s Labor federally that have killed the ABCC and labor state that won’t empower IBAC. I’m centrist (or more accurately policy driven) but the rot has set in and always does when there is no credible opposition.

@ausvstheagenda The problem was identified in 2010 under a Liberal Govt so now it is Labor's fault. Right. Labor got the investigation started while Libs did nothing.

Victorian Premier Jacinta Allan says that she will not resign over the $15 Billion CFMEU corruption scandal.

@patrickdurkin Voters in November? How is anyone associated with this not sacked immediately and held accountable? Financially if possible.

I wrote this back in 2024 but may as well have been today for all that’s changed. Be interesting to see what if any impact it has on voters in November: afr.com/politics/feder…

@strikeextent @DavidPocock So to simplify - the broader population (who generally pay income tax) are paying the fuel excise to subsidize the mining industry to the tune of $4bn? Or have I misunderstood the flow chart?

This spin of framing every dollar the government doesn't collect as a "cost" is doing this country great damage. It's like arguing not setting the top tax bracket at 75% is costing the government $80bn a year. @DavidPocock is also wrong regarding "a significant share going to fossil fuel companies" - a breakdown of businesses which don't pay the fuel excise tax is shown below. It's also of note the government collects about $11 billion a year from a tax on diesel and petrol vs paying out about $8 billion a year (and rising) in subsidies for wind, solar and batteries. Now, that $8 billion actually is a cost.

@Critica01625647 @TMFScottP Isn’t the RBA also $1bn over? Look out Michelle… 😬

No "Legal" action at the moment - just investigation. Broadly people will see it as either an argument of accountability - whether Powell mislead congress and misused public funds (his project is $700M over budget) or This is an example of inappropriate use of power to pressure the Fed - noting that there has been antagonism for some time. So I think you may have misinterpreted the current situation by thinking there is legal "action" at the moment.

Over to you, Trumpers. Tell me how the legal action is justified and appropriate, and accuse me of TDS. Or condemn the administration's meddling. Your choice. (There is no choice. Trump's actions are a disgrace.)

@AvidCommentator What’s the big fkn deal? Are we as a race that addicted to social media? Big tech spends billions on behavioral science and psychology to get people addicted. Is trying to protect the most vulnerable (ie young and immature) such an evil thing?

"Australian parents could find their own social media accounts restricted or blocked if they allow their children to use them under the nation's new age-verification laws, eSafety officials have admitted" This just keeps getting worse... dailymail.co.uk/news/article-1….