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Weekend Reading, media appearances and videos. 6 hours ago. 48. Australian Dollar. Macro Afternoon. 14 hours ago. 14. Australian Property. Auction market collapses on Sydney house prices.
Business Council gaslights on housing crisis - MacroBusiness
1 day ago · The Business Council of Australia (BCA) estimates that an extra 64,000 dwellings will be required each year if the federal government’s target of building 1.2 million new homes over five years ...
Australia's record-breaking recession to roll on - MacroBusiness
Oct 7, 2024 · Given that Australia’s population grew by 2.4% in the year to June 2024, these projections imply that the per capita recession will drag well into next year—an unparalleled decline.
Australian small businesses face recession clean-out
6 days ago · Australian small businesses face recession clean-out. Leith van Onselen. Thursday 10 October 2024. Advertisement. A record number of Australian businesses entered insolvency last financial year ...
Australia’s property bubble a giant productivity drain
5 days ago · As a result, the total value of homes nationwide has ballooned to nearly $11 trillion, or roughly four times Australia’s GDP, according to the ABS: The average dwelling across Australia is now ...
RBA to hold rates until mid-2024 - MacroBusiness
Sep 29, 2023 · We expect the new RBA Governor and Board to leave monetary policy unchanged at the October Board meeting, holding the cash rate steady at 4.1%. The RBA is expected to retain its tightening bias ...
RBA hides the rental crisis - MacroBusiness
First, the RBA has used the Household Expenditure Measure (HEM) to gauge essential expenses. The HEM assumes that a household’s basic discretionary spending is at the 25% percentile, meaning 75% ...
Why Australian interest rates could still rise - MacroBusiness
Aug 23, 2023 · We had expected home prices to rise by 3% in 2023 and 5% in 2024. Our forecast for 2023 has already been met and we now expect a gain of 7% across the 8 capital cities in 2023 and a further 5% in ...
Investors gear up into property market - MacroBusiness
Subscribe. On Friday, the Australian Bureau of Statistics (ABS) released housing finance data that shattered the notion that investors are quitting Australia’s housing market. In June 2024 ...
More good news on inflation - MacroBusiness
Aug 14, 2024 · The wage price index rose by 0.8% in the June quarter, weaker than market consensus of 0.9%. Advertisement. Wage inflation has moderated in the first half of the year, with the six-month ...