Posts tagged "australian economy"

We now have almost 60 years of unequivocal evidence telling us that anything that allows Australians to pay more for housing than they otherwise would results, primarily, in higher house prices.

The message has come loud and clear that more rate hikes are coming, and history says the banks will raise rates at a faster rate than the Reserve Bank to cover wholesale funding costs. 

Will the Reserve Bank of Australia raise interest rates today? The market is not quite as sure as a week ago.

With the RBA cash rate at an all-time low, and an increasing risk that the current inflation will become embedded in expectations, an increase in rates is a matter of “when” not “if”.

"In Australia, a supposedly conservative government created JobKeeper to ostensibly help low paid workers — in reality it was a direct transfer of wealth to business owners," writes Adam Schwab.

While the Australian economy is currently powering along, the International Monetary Fund has confirmed that 2023 is going to be a return to business as usual for Australia — pre-pandemic business, that is.

In this election the one message from small business that seems to be missing from all sides is the shortage of workers.

If the bank doesn’t like what it sees on inflation and wage costs over the coming few months, it’ll jack up rates for the first time in a decade.

With housing affordability set to be a key election issue, the 2022 federal budget expands the scheme the Coalition put forward at the 2019 election to help first home buyers.

The inflation we’ve got this time is different, and failing to recognise that misreads the Reserve Bank's rationale for pushing up rates, and what it is likely to do.

Our Australian tech poppies may seem tall, but compared to their potential, many are mere shrinking violets.

Australia’s economy bounced back a welcome 3.4% in the December quarter of 2021, more than reversing the 1.9% lockdown-related decline in the September quarter.