Australian economics good news thread

[Knobby22]

(Sorry for posting something positive about Australia)

Australian beef export prices reached record highs in late 2024 and early 2025, driven by increased supply due to a mature herd and favorable global conditions, particularly tight US and Brazilian supplies. Recent reports indicate ongoing high prices for 90CL (90% lean) beef exported to the US. The Meat & Livestock Australia (MLA) forecasts continued strong demand for Australian red meat globally due to high trust in its quality, consistency, and traceability, despite strong competition in some markets.

 

[Knobby22]

Some more good news. we are lower taxing than most other countries yet we have a better health system than almost all of them, and less debt.

 

[Dona Ferentes]

and here's good news

The Future Fund reported a 12.2 per cent gain in the value of its assets over the financial year, lifting its total assets above $250 billion for the first time.

The nation’s sovereign wealth fund, which began investing in 2006 with $60.5 billion of capital, increased assets by $27.5 billion over the financial year and has delivered returns of 8 per cent per annum over the last ten-years

 

[qldfrog]

good news .. we mine for and produce gold.
Top Gold-Producing Countries (approx. 2023/2025 data)

• China: 378.2 tonnes
• Russia: 321.8 tonnes
• Australia: 293.8 tonnes
• Canada: 191.9 tonnes
• United States: 166.7 tonnes
• Ghana: 135.1 tonnes
• Indonesia: 132.5 tonnes
• Peru: 128.8 tonnes

yes that was i think my #3
we still have gold not yet wasted by governments current and oast

 

[Smurf1976]

Some more good news. we are lower taxing than most other countries yet we have a better health system than almost all of them, and less debt.

Being a bit pedantic but I'll argue the cost of privately provided services that in other countries are funded by taxation really should be included in order to give a fair comparison.

Eg privately owned toll roads for example. No such thing in many countries, since taxation funds roads, but in a country that does have them the tolls ought be included as part of taxation in order to compare apples with apples.

Or for the US, the cost of going to hospital really ought be considered as equivalent to taxation, given in most other countries taxation does indeed fund it.

 

[Dona Ferentes]

Record highs as agriculture, fish and forestry sectors crack $100 billion​

02 September 2025

Australia’s agriculture, fisheries and forestry production is expected to hit a record combined value of $101.6 billion in 2025-2026, according to the latest ABARES forecasts released today.

Executive Director of ABARES, Dr Jared Greenville, said the new record value was mostly down to livestock.
“We’ve seen high prices lately for both livestock and animal products, like beef, lamb and milk. “This has boosted the value of livestock production to $41.6 billion, helping to drive overall agriculture sector production value to a forecasted $94.7 billion, which would also be a record.”

Dr Greenville said crop production value is forecast to fall slightly in this financial year.
“Wheat production and value are set to fall as both global prices and Australian yields decline slightly from last financial year, although wheat production is still ticking along above the 10-year average. “Barley and pulse production are also on the rise, which with stable canola production, is forecast to see the 3rd largest winter crop on record.”

Much of this increase is due to rainfall over July in many parts of South Australia and Victoria. Western Australia has also had above average rainfall and overall is in a good position heading into spring. Southern New South Wales remains an area of concern, however, due to a slow start to the winter cropping season and relatively low soil moisture levels.

Exports are also looking strong for the year ahead.
“Agriculture exports are set to fall slightly but are still well above average – at $74.6 billion, these are the third-highest value on record,” Dr Greenville said. “Beef and sheep meat exports are due to fall, but horticulture exports are forecast to increase, and wheat exports will also rise as a result of high carry over from 24-25.
“The global trading environment remains uncertain, but there is still strong international demand for Australian food and fibre from markets like China, Japan and the US."

 

[qldfrog]

Record highs as agriculture, fish and forestry sectors crack $100 billion​

02 September 2025

Australia’s agriculture, fisheries and forestry production is expected to hit a record combined value of $101.6 billion in 2025-2026, according to the latest ABARES forecasts released today.

Executive Director of ABARES, Dr Jared Greenville, said the new record value was mostly down to livestock.
“We’ve seen high prices lately for both livestock and animal products, like beef, lamb and milk. “This has boosted the value of livestock production to $41.6 billion, helping to drive overall agriculture sector production value to a forecasted $94.7 billion, which would also be a record.”

Dr Greenville said crop production value is forecast to fall slightly in this financial year.
“Wheat production and value are set to fall as both global prices and Australian yields decline slightly from last financial year, although wheat production is still ticking along above the 10-year average. “Barley and pulse production are also on the rise, which with stable canola production, is forecast to see the 3rd largest winter crop on record.”

Much of this increase is due to rainfall over July in many parts of South Australia and Victoria. Western Australia has also had above average rainfall and overall is in a good position heading into spring. Southern New South Wales remains an area of concern, however, due to a slow start to the winter cropping season and relatively low soil moisture levels.

Exports are also looking strong for the year ahead.
“Agriculture exports are set to fall slightly but are still well above average – at $74.6 billion, these are the third-highest value on record,” Dr Greenville said. “Beef and sheep meat exports are due to fall, but horticulture exports are forecast to increase, and wheat exports will also rise as a result of high carry over from 24-25.
“The global trading environment remains uncertain, but there is still strong international demand for Australian food and fibre from markets like China, Japan and the US."

all good but in real dollars?
aka after inflation?
here are official data on the last decade exports from

Australia—Falling commodity exports and increasing volatility

Australia’s agricultural exports are forecast to fall by $1.3 billion to $70.1 billion in FY2025, still the third highest result on record.

www.exportfinance.gov.au

Considering they are not adjusted, these are not good imho ...
but yes, it is better than Burkina Faso ..
To shorten it, the last 10y have been an economic disaster and yes we are still in a not so bad position,if you remember we were even the second wealthier country per habitant, as was once Venezuela BTW but as i stated initially the aim is to have economic cheerful news for this country, not looking at the sewerage cities of Lagos to feel better.

 

[qldfrog]

the inflation adjusted figures

 

[StockyGuy]

Corruption is pretty low. Although it's a tough one to quantify we are apparently equal tenth in having the least perceived corruption - https://www.transparency.org/en/cpi/2024 . Scumbags and scammers are called out a fair bit here.

I think the culture of tipping in every day life has a corrosive impact on the integrity of a society. The price is the price here, in most situations. Unless some big ticket item like a house or car, people who try to play with the price are typically viewed as scroungers. But of course there's still corruption around in various forms.

 

[Smurf1976]

Work is underway in Hobart building what will be the largest electric powered ferry in Europe with a vessel length of 129m.

Photo: Incat Tasmania

 

[qldfrog]

Corruption is pretty low. Although it's a tough one to quantify we are apparently equal tenth in having the least perceived corruption - https://www.transparency.org/en/cpi/2024 . Scumbags and scammers are called out a fair bit here.

I think the culture of tipping in every day life has a corrosive impact on the integrity of a society. The price is the price here, in most situations. Unless some big ticket item like a house or car, people who try to play with the price are typically viewed as scroungers. But of course there's still corruption around in various forms.

Tipping is a great point
We do not have a mandatory tipping culture which is indeed very toxic:
worth a
4) No tipping here

 

[qldfrog]

Work is underway in Hobart building what will be the largest electric powered ferry in Europe with a vessel length of 129m.

Photo: Incat Tasmania

View attachment 208259

Not sure about that one..
Is that really good news for the country, definitively for the workers but how much subsidies, and it is a bloody battery boat at a time when shipping lines start to refuse to transport EV due to danger.
Let's put it a plus and be optimistic

 

[qldfrog]

Corruption is pretty low. Although it's a tough one to quantify we are apparently equal tenth in having the least perceived corruption - https://www.transparency.org/en/cpi/2024 . Scumbags and scammers are called out a fair bit here.

I think the culture of tipping in every day life has a corrosive impact on the integrity of a society. The price is the price here, in most situations. Unless some big ticket item like a house or car, people who try to play with the price are typically viewed as scroungers. But of course there's still corruption around in various forms.

So agree for tipping;
Corruption is rife here, not as bad as others and not the one where you give a $50 note to the cop .
Looking at your local councils (my last 3 : Moreton bay, Noosa and sunshine coast), they were all corrupt especially on development applications linked stories, some in front of court, most just looking at actions and facts, government wise: the new road to Albo beach house, the cfmeu scandals etc etc etc
I think we are just naive and uninformed due to whistle-blowers laws more than corruption free
Will get worse as government takes over most of the economy

 

[Smurf1976]

Not sure about that one..
Is that really good news for the country, definitively for the workers but how much subsidies, and it is a bloody battery boat at a time when shipping lines start to refuse to transport EV due to danger.
Let's put it a plus and be optimistic

It's a product being manufactured in Australia by and Australian company for export overseas.

I see nothing bad about that. It's workers employed and it's money brought into Australia from a source that isn't just digging holes in the ground.

 

[Knobby22]

Australia has become a world leader in Quantum computing. The government supported Qld Uni based company nearly 2 years ago and now the company is worth 10 billion. Nvidia are buying into it.
Our taxpayer investment has doubled...so far!

For once we have kept some of it.

Nvidia buy-in gives government-backed PsiQuantum $10b valuation

PsiQuantum, which is racing to build the world’s first quantum computer, has seen its valuation soar to $US7 billion.

www.afr.com

 

[qldfrog]

It's a product being manufactured in Australia by and Australian company for export overseas.

I see nothing bad about that. It's workers employed and it's money brought into Australia from a source that isn't just digging holes in the ground.

my hesitation is just realism: how can a company manufacturing here be competitive unless part of the bill is paid by the taxpayer?
There is not unique skill, Korea China obviously or even Italy can do same cheaper so why would an oversea client order here unless we are sharing the cost?
that's all

 

[qldfrog]

ok:
a)Source: Premier of Tasmania https://share.google/fY5qQNZQN2QjqNwm7
b) https://www.aumanufacturing.com.au/...unces-5-25-million-grant-for-incats-expansion
c)https://www.exportfinance.gov.au/customer-stories/incat-tasmania/
d)https://www.examiner.com.au/story/7190896/government-to-loan-100-million-to-incat-if-re-elected/
etc..etc..
but good on them and better indeed than spending billions on solar or wind farms

 

[divs4ever]

Not sure about that one..
Is that really good news for the country, definitively for the workers but how much subsidies, and it is a bloody battery boat at a time when shipping lines start to refuse to transport EV due to danger.
Let's put it a plus and be optimistic

it is going to Europe ( somehow )

if they can actually PAY for it .... who cares maybe it will become a prison hulk after 10 years of service

if it catches fire there they can use their farcical carbon credits to pay for the clean up

 

[qldfrog]

putting some graphics on one of the good news story for Australia

when looking at other minerals such as coal for example, many will be surprised at how small we are.
but gold, or natural gas..we are really massive.
that is all good