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Finance & Markets

Property chiefs want more migrants to build homes for migrants

Australia’s construction and property leaders warn that the country cannot meet its housing and infrastructure targets without more skilled migrant workers. McNab Group founder Michael McNab says political debate on migration has become sensationalised and disconnected from economic reality. Productivity has fallen so far that Australia now needs more workers to build the same volume The post…

We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.

Read the original at macrobusiness.com.au →

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Asian stocks fall as oil stokes inflation fears

The MSCI Asia Pacific Index slips 0.4% as benchmark gauges in Japan, South Korea and Australia drop

  • Asian stocks decline 0.4% as oil prices rise, fueling inflation fears
  • MSCI Asia Pacific Index drops 0.4%, mirroring Wall Street losses
  • US 10-year Treasury yield hits 4.85%, highest since late 2023

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