David Llewellyn-Smith

Australians will by now all be familiar with falling property prices. Especially in Sydney and Melbourne where the bust has been underway longest. It has now spread everywhere.How far are property prices going to fall?There are generally…

The news is full of new concessions from China to Australia. China appears to be reversing its shadow-ban on importing Aussie coal that wiped $1 billion off Australia’s balance sheet.This backflip is a revealing outrun of events given the…

RBA governor Phil Lowe is good at taking a blow. He did so earlier this year when he suddenly backflipped from dovish guidance that the Reserve Bank would not raise interest rates before 2024. He did so again this week, to the many mortgage…

It’s been two years since China imposed a little-known policy on its property development sector that was to have enormous implications for Australia.Called the Three Red Lines, the policy aimed to de-leverage China’s ultra-indebted…

At its heart, the miracle Australian economy is a simple houses and holes mechanism. We dig up commodities and sell them to the world to make income. Then our big banks leverage that income in global markets in order to issue giant…

The Albanese Government‘s first budget is a movable feast so full of provisos and asterisks that it should prove accurate no matter what happens.What this obscures is the key role irresponsible policy has played in the falling living…