Research from credit rating agency Equifax suggests that 39% of Australians are experiencing financial stress. The Equifax survey also found that about 50% of Australians reduced their discretionary spending in the last year, compared with 37% in 2022. The rise in Australians experiencing financial stress aligns with the surge in mortgage payments resulting from the
The extent to which the giant National Disability Insurance Scheme (NDIS) drives Australia’s economy has been laid bare. The Q3 national accounts release from the Australian Bureau of Statistics (ABS) showed that public demand drove virtually all of Australia’s GDP growth over the previous two quarters. The ABS’s Q3 labour market account also revealed that
Of course it’s hard to stay consistent to the values of society because as Saint Margaret of Thatcher said slightly before she lost all reason – or slightly after depending on your politics – “There’s no such thing as society!” And of course, even Maggie wasn’t prepared to tell people that they didn’t need to…
I got brass in a pocket I got bottle, I’m gonna use it Intention, I feel inventive Gonna make you, make you, make you notice ‘Cause I’m gonna make you see There’s nobody else here, no one like me I’m special (special) So special (special) I gotta have some of your attention, give it to…
The post Exceptionalism is a wonderful thing appeared first on The AIM Network.
Thoms Corner, West Wyalong NSW, Photo Geoff McVeigh AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 anyone up for a sundries post this weekend, with interesting pics beam them to Not.Gunnamatta@gmail.com
The post Macro Afternoon: 9 December 2024 appeared first on MacroBusiness.
With Western Australians due to head to the polls in March, the Liberal Opposition has offered empty-nesters and other older voters a $20,000 stamp duty rebate if they downsize. “The Cook Labor Government have run out of ideas to address the housing crisis that has been created under their watch”, Liberal Leader Libby Mettam announced
Been down in Melbourne for a couple of days, marvelling at the weird alter-world weather down here. Also realised that Melbourne’s reputation as the best dressed city in Australia is a lie. There were young fellows in my chosen cocktail wearing shorts and joggers. At night. This will not do.
National Tertiary Education Union Media Release The National Tertiary Education Union has called for the Fair Work Ombudsman’s new anti-wage theft model at the University of Melbourne – which underpaid workers $72 million – to be adopted nationally. The university has entered into a comprehensive enforceable undertaking with the Fair Work Ombudsman over the underpayments…
The latest housing affordability data from PropTrack was an unmitigated disaster for Australian first home buyers. Purchase affordability collapsed to a record low, according to Proptrack. Rental affordability also fell to an all-time low. The above situation is especially detrimental for first home buyers because rising rents make it harder to save a deposit at
He’s cut his “two more two more rate hikes” outlook but bullhawk Warren Hogan continues to screech. At the always backward looking AFR. To repeat the analysis that I have shared before – the economy has fundamentally changed over the last five years. The underlying balance of supply and demand has shifted. After 50 years
The post Bullhawks retreat into fantasy appeared first on MacroBusiness.
AMP chief economist Shane Oliver published the following chart on Twitter (X) showing how Australia’s productivity growth lags well behind that of other OECD countries. Oliver argues that the decline in productivity is the primary cause of the nation’s falling living standards, as evidenced by the world-record decline in real per capita household disposable income.