Is this what a paradigm shift feels like? Something significant is clearly unfolding in the Australian economy. The defining boom, or bubble, of the past two decades — house prices — is running out of steam just as another boom, in AI infrastructure spending, begins to inflate.
Two stories published by Capital Brief in the past 24 hours underscore the point.
Jack Derwin reported late on Thursday that online property buying agency Dashdot has collapsed into voluntary liquidation, just two weeks after the Labor government proposed sweeping reforms to the way investment properties are taxed.
Meanwhile, Hugo Mathers unearthed a cache of emails detailing a six-year lobbying effort by “AI factory” and ASX hopeful Firmus in Tasmania, where it is building a hyperscale data centre.
