Australian Economy

Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is powered by Nucleus Wealth. Follow @DamienKlassen on X(Twitter) or Linked In The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs.

Melbourne’s water storages have fallen to 69.7%, the lowest level since July 2020 and on a trajectory similar to the Millennium Drought.

There is a lot of debate in the media and among economists over whether the federal government should cut the capital gains tax (CGT) discount for housing in the upcoming federal budget.

Major General Chris Smith DSC AM CSC teed off at the culture of managerialism affecting military decisions.

Victoria has legislated a target to source 95% of its electricity from renewable energy by 2035.

ABS private capex numbers are out and are impressive, if rather narrow.

A record 760,000 Australians aged over 65 are now in the workforce—the highest number since records began in 1995 and up nearly 20% since 2022.

In the debate over the appropriate level of migration into Australia, the argument is often made that there would be significant economic downsides if a major reduction in intake were to be realised.

The evidence from around the world shows that when you raise energy costs, your economy deindustrialises.

ANZ’s major projects series has some good and bad news.

The issue of economic management has often been a hotly contested topic in the battles and debates that define Australian federal politics.

The Australian newspaper has used the Parliamentary Budget Office’s (PBO) budget tool to attack One Nation’s proposal to cap visas at 130,000 a year and aim for net-zero immigration.

The push to restore the new LNP leadership team has begun in the conservative press with open propaganda.

Real per capita household disposable income is arguably the single best measure of material living standards.

Former Treasury official turned director of Macroeconomics Advisory, Stephen Anthony, is one of the few economists who understands the pitfalls of Australia’s transition to an all-renewable energy future.

Thursday’s labour force data from the Australian Bureau of Statistics (ABS) has put the Reserve Bank of Australia (RBA) under more pressure to hike interest rates.

The boom in government-funded, non-market sector jobs, defined as jobs in the public service, healthcare & social assistance, and education, is well documented.

As we know, AI capex keeps going up through February 2026, with data centres leading, followed closely by semiconductors.

In the years since the pandemic and high inflation began impacting the Australian economy, the nation’s workers have gone backwards dramatically.

Via the ABS comes Labor Force in seasonally adjusted terms for January 2026: unemployment rate remained at 4.1%.

Because a banker said it, the AFR reckons it must be true!

Soaring energy costs have contributed to Australia’s declining manufacturing sector, which is the smallest in the OECD as a share of GDP.