#ausecon — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #ausecon, aggregated by home.social.
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The Australian "experiment" with ultra-low unemployment may be coming to an end as the Reserve Bank shifts its primary focus back to cooling inflation. For years, the goal was to see how low the jobless rate could go before sparking price hikes; now, that strategy is being tested by persistent economic pressures.
#auspol #economics #rba #employment #ausecon
https://www.abc.net.au/news/2026-03-15/australia-interest-rates-goodbye-to-low-unemployment-experiment/106445522 -
@troberts I generally find #AlanKohler informative, quirky and entertaining on economics. But find him enthusiastically ignorant on AI. Unfortunately people will trust him on AI as they have trusted him on economics. At least today he admitted “the technology is way above my pay grade”. #AUSEcon
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Ex-Treasury boss Ken Henry just called Australia's 50% capital gains tax discount on investment properties 'the dumbest of all options'. Says it's flawed, fuels speculation, doesn't boost real investment/innovation. Wants full overhaul: flat 25% tax on all capital income instead. No grandfathering—'I hate it'. Housing debate heating up ahead of May budget.
#Auspol #CGT #HousingCrisis #AusEcon #HousingCrisis
https://www.areanews.com.au/story/9183451/dumbest-option-top-economist-slams-housing-tax-break/
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Don’t sell heritage like #VictoriaBarracks for budget small bikkies. For flats and a cafe? To save “up to $100 million a year in maintenance costs”. Instead think of that as an investment in heritage. And, instead, raise more revenue so 3 tiers of government don’t have to be constantly scraping by. #AusPol #AusEcon #heritageAU
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Don’t sell heritage like #VictoriaBarracks for budget small bikkies. For flats and a cafe? To save “up to $100 million a year in maintenance costs”. Instead think of that as an investment in heritage. And, instead, raise more revenue so 3 tiers of government don’t have to be constantly scraping by. #AusPol #AusEcon #heritageAU
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Don’t sell heritage like #VictoriaBarracks for budget small bikkies. For flats and a cafe? To save “up to $100 million a year in maintenance costs”. Instead think of that as an investment in heritage. And, instead, raise more revenue so 3 tiers of government don’t have to be constantly scraping by. #AusPol #AusEcon #heritageAU
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Don’t sell heritage like #VictoriaBarracks for budget small bikkies. For flats and a cafe? To save “up to $100 million a year in maintenance costs”. Instead think of that as an investment in heritage. And, instead, raise more revenue so 3 tiers of government don’t have to be constantly scraping by. #AusPol #AusEcon #heritageAU
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Don’t sell heritage like #VictoriaBarracks for budget small bikkies. For flats and a cafe? To save “up to $100 million a year in maintenance costs”. Instead think of that as an investment in heritage. And, instead, raise more revenue so 3 tiers of government don’t have to be constantly scraping by. #AusPol #AusEcon #heritageAU
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The Reserve Bank of Australia (RBA) has just hiked the cash rate by 0.25 percentage points to 3.85% in its first decision of 2026. This is the first increase in over two years, driven by inflation rising materially in the second half of 2025 and coming in above the 2-3% target (e.g., headline at 3.8%).
This ends the brief easing cycle from 2025 and will likely mean higher mortgage repayments for many variable-rate borrowers.
Ouch for Aussies with mortgages…#RBA #InterestRates #Inflation #AusEcon
https://www.abc.net.au/news/2026-02-03/reserve-bank-lifts-interest-rates-february-2026/106298696
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The Productivity Commission report on the inquiry into the circular economy has finally been published. The report 'finds that the Australian Government can support sustainable and efficient materials use by reforming regulation, strengthening product stewardship obligations and fostering coordination and innovation.'
‘Making our economy more efficient and sustainable requires coordinated, ongoing efforts across portfolios and levels of government’ - Commissioner Joanne Chong.
The Productivity Commission's recommendations for governments include:
🦺 Establishing a Circular Economy Regulatory Reform Taskforce with federal, state and territory governments
🔋Progressing a national product stewardship scheme for small-scale solar photovoltaic (PV) systems and investigate a similar scheme for EV batteries.
🏬Developing place-based initiatives to enable coordination, address distance challenges and support businesses to develop and share new ideas.
🛠️ Implementing the recommendations from the PC's #RighttoRepair inquiry
Read the report: https://lnkd.in/gTWzVKRE
#SustainableUse #Circularity #CircularEconomy #AusEcon #Materials #Reuse #Innovation #auspol #auslaw #righttorepair
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Global markets are in freefall and the five trillion dollar bloodbath is gathering pace. Wall Street is shuddering, Nvidia’s extraordinary valuation is under pressure, and analysts are warning Australians that much of our housing wealth may be nothing more than fiction.
If this slide continues, we may be looking at the early signs of a genuine global recession. -
The RBA's latest is a grim read. Key warnings:
Economic growth stuck in the "slow lane"
Inflation refusing to die
A likely interest rate RISE is now being discussed
This is a recipe for severe financial pain for households.The situation is escalating.
#auspol #ausecon #rba #costofliving #Canada #newzealand #inflation
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I wondered if knock-down rebuilds were included in the Government's new houses target. #ausEcon
Australian Bureau of Statistics (ABS): "The Australian Government has set a target to build 1.2 million well located dwellings between July 2024 and June 2029. The measure used to track this target is the gross number of new dwelling completions ..."
On my quick read, it seems not. It's a gross number, not a net number.
ABS: "Despite a total rebuild rate of 2.1, most knock-down rebuild projects were one-for one projects (58.4%). This highlights the fact that most knock-down rebuilds are not adding to overall housing stock, but instead are used as a means of significantly upgrading an existing detached dwelling."
Source: https://www.abs.gov.au/articles/approvals-knock-down-rebuilds
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I realise now what the disconnection was last night between #ABC730 host Sarah Ferguson and guest “nuclear” Ted O’Brien.
Sure it was the trench warfare of “I’m not going to announce our policy on your show.” A continuation of the Liberal Party avoidance of testable policy.
But it was also a refusal to acknowledge a factual change of circumstances.
Ferguson posed a question about a changed timescale - 3 years to the next election and a coal power phase out. Wouldn’t changed circumstances require a change of plan?
A simple “yes” would’ve worked. Or “yes, when the situation changes one must change one’s plan.” But O’Brien refused to engage and repeatedly used the excuse of the party needing to consider all their policies. He doggedly answered a question she didn’t ask.
By his own admission they have a lot of listening and learning to do - but he doesn’t seem to have started.
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@liamvhogan #Canberra was pretty sparse and to me felt reasonably egalitarian in the 1970s/1980s. The cost and availability of housing now is a huge problem. Isn’t it nationwide - in fact international? #ausecon
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New survey reveals financial struggles for many Australians: 1 in 5 have less than $100 in savings, while 10.3% have no savings but are debt-free. 15.8% are in debt or seeing it grow, and 26.5% say their savings are declining or they’re saving less than usual. Only 4.2% saved more in the past year, with 16.6% managing to save consistently. #FinancialWellness #SavingsStruggles #ausecon #auseconomy #auspol
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New survey reveals financial struggles for many Australians: 1 in 5 have less than $100 in savings, while 10.3% have no savings but are debt-free. 15.8% are in debt or seeing it grow, and 26.5% say their savings are declining or they’re saving less than usual. Only 4.2% saved more in the past year, with 16.6% managing to save consistently. #FinancialWellness #SavingsStruggles #ausecon #auseconomy #auspol
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New survey reveals financial struggles for many Australians: 1 in 5 have less than $100 in savings, while 10.3% have no savings but are debt-free. 15.8% are in debt or seeing it grow, and 26.5% say their savings are declining or they’re saving less than usual. Only 4.2% saved more in the past year, with 16.6% managing to save consistently. #FinancialWellness #SavingsStruggles #ausecon #auseconomy #auspol
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New survey reveals financial struggles for many Australians: 1 in 5 have less than $100 in savings, while 10.3% have no savings but are debt-free. 15.8% are in debt or seeing it grow, and 26.5% say their savings are declining or they’re saving less than usual. Only 4.2% saved more in the past year, with 16.6% managing to save consistently. #FinancialWellness #SavingsStruggles #ausecon #auseconomy #auspol
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New survey reveals financial struggles for many Australians: 1 in 5 have less than $100 in savings, while 10.3% have no savings but are debt-free. 15.8% are in debt or seeing it grow, and 26.5% say their savings are declining or they’re saving less than usual. Only 4.2% saved more in the past year, with 16.6% managing to save consistently. #FinancialWellness #SavingsStruggles #ausecon #auseconomy #auspol
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@Power @jhaue What a poor article. Much assertion, generalisation, almost no numbers and definitely no footnotes! And NO ANALYSIS. It looks to me like #ABCNewsAU was fed material by AIG’s Tennant Reed (he of the nice photo) and ABC then sought “balance” from ACF (and not CSIRO, ANSTO, AEMO). #ausecon #auspol
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How Australia’s economy was destroyed by stealth #auspol #ausecon
https://www.macrobusiness.com.au/2024/12/how-australias-economy-was-destroyed-by-stealth/
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“The Coalition has committed to allowing withdrawals of $50,000 from super” by first home buyers.
This is in #ABCNewsAU this morning reporting on a Q+A poll. It’s accompanied by zero analysis. (Saving it for Alan Kohler tomorrow on #QAndA I guess, which prioritises eyeballs?)
So, first home buyers will have $50,000 more to spend on a house, further pushing up house prices.
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More people are seeking help as Australia's economy slows down, #RBA governor acknowledges "Some may ultimately make the difficult decision to sell their homes"
#ausecon #auspol #LuckyCountry #BetterNotBigger #auseconomy
https://www.abc.net.au/news/2024-09-05/rba-michele-bullock-more-australians-seeking-help-cost-of-living/104313588 -
#CommonwealthBank CEO Matt Comyn says Australians should be taxed more heavily on #wealth rather than income.
Comyn today backed a "critical" tax reform that would increase the amount of tax charged on an individual's wealth in an effort to drive prosperity.
#taxreform #australianeconomy #wealthtax #taxtherich #ausecon
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Canada and Australia rolled the dice on housing—and lost.
IFM Investors’ Chief Economist shared this chart highlighting the stark divergence in household debt between Australia, Canada, and the United States. It’s a telling comparison that speaks volumes about economic strategy. #housing #ausecon #auseconomy
https://www.macrobusiness.com.au/2024/08/canada-and-australia-bet-on-housing-and-lost/
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Tsunami of financial distress: a sad indictment of society. Banks' lenient lending during record-low interest rates has led to today's #mortgagecrisis. They knew it was unsustainable once rates rose. #FinancialCrisis #MortgageCrisis #BankingReform #ausecon #auseconomy #auspol #bankingroyalcommission
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There are claims that international education is a $48 billion export industry funding public programs like the NDIS and Medicare. In reality, it's a people-importing migration industry that generates far less export income. Without generous work rights and pathways to permanent residency, the industry would collapse. The Australian Bureau of Statistics inflates the $48 billion figure by including all student spending, much of which is earned within Australia.
#ausecon #auseconomy #auspol -
Why Living in #Australia is Becoming Impossible
Australia boasts the 13th largest economy in the world, beautiful beaches, access to world-class education, universal #healthcare, and much more. However, skyrocketing #housing prices and rental rates have made Australia one of the most unaffordable places to live. What are the key causes of this affordability crisis? Factors include high immigration, bureaucratic red tape, tax incentives, declining investment, and more.
By examining these issues, we can uncover the real reasons behind Australia's housing market problems and suggest potential solutions.
#auspol #ausecon #auseconomy #housingcrisis #negativegearing -
A farmer from New South Wales recently visited Japan and discovered that Australian #meat was being sold in Tokyo for less than it costs in major Australian supermarkets. Analysts argue that direct comparisons can be "misleading" without accounting for factors such as global import competition, differences in meat cuts, and exchange rate fluctuations. Although #Coles and #Woolworths have denied allegations of price gouging, the #ACCC is set to release an interim report on its inquiry into supermarkets by August.
#ausecon #auseconomy #auspol
https://www.abc.net.au/news/2024-05-28/australian-beef-cheaper-tokyo-supermarket-than-coles-woolworths/103897144 -
You will now upload video of you knitting a battery by hand @david_coombe_cbr won't you?
Of course, the reasons for ensuring local supplies are more strategic than economic. The pandemic highlit the risks of lengthy supply chains. It's a lesson that we learned from World War 2 (why did Australia have a motor vehicle industry, among others?), but had forgotten.
#AusPol
#AusEcon -
If “we build our own batteries” they’ll be assembled by robots, right?
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Rising rent? Mega mortgage? Cozzielivs? 'Hardship' help hard to get, as banks fail to help those who need it.
A recent #ASIC report reveals that lenders' hardship processes are so challenging that many struggling customers give up. Mortgage hardship notices surged by 54% in the last three months of 2023 compared to the same period in 2022.
ASIC criticises banks for not complying with legal obligations to assist customers, as rising interest rates, soaring rents, and living costs push more borrowers into financial trouble.
ASIC plans further legal action against non-compliant lenders. #FinancialHardship #ASIC #BankingReform #ausecon #auseconomy #banks
https://www.abc.net.au/news/2024-05-20/hardship-help-hard-to-get-as-banks-fail-to-help-those-in-need/103860130 -
Amidst soaring cost of living expenses, Australians are adapting their #coffee habits, favouring cheaper alternatives like instant coffee over frequent cafe visits. As a result, cafes grapple with dwindling customers and increased costs, signalling potential coffee price hikes. #CostOfLivingPressures #CoffeeShifts #auseconomy #ausecon https://www.abc.net.au/news/2024-05-14/cost-of-living-coffee-costs-cafes-instant-sales-rising/103824058
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#Australia #economy has got smaller on a per capita basis – like it did in the #GFC and 1990s recession. So, you know, not good #ausbiz #ausecon
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The benefit to #banks from #interestrate rises is waning, as #lenders compete for funds and consumers shift billions of dollars from low-interest accounts into higher-interest #savings accounts and term deposits. #ausecon
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#PaulKeating envisaged a #superannuation system which funded the aged in retirement. It has turned into a giant #tax shelter where wealth is captured and passed on to descendants, and where falling home ownership was not factored in. #ausecon
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Sign Australia’s ‘near-legendary luck in avoiding recessions’ could be running out #recession #ausecon #strayia
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Wage Price Index is creeping up (noting that this series is highly seasonal with an annual peak in Q3). #ausecon #wpi #abs #inflation
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#Australian economy comes in for crushed landing. The not-so-secret sauce of the crushed landing is, of course, the #massimmigration-led, labour market expansion growth model that so pleases fat rent-seekers and corrupt politicians but pulverises the living standards of the per capita Australian. #auspol #ausecon #auseconomy #BetterNotBigger #sustainability
https://www.macrobusiness.com.au/2024/04/australian-economy-comes-in-for-crushed-landing/
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#Australian economy comes in for crushed landing. The not-so-secret sauce of the crushed landing is, of course, the #massimmigration-led, labour market expansion growth model that so pleases fat rent-seekers and corrupt politicians but pulverises the living standards of the per capita Australian. #auspol #ausecon #auseconomy #BetterNotBigger #sustainability
https://www.macrobusiness.com.au/2024/04/australian-economy-comes-in-for-crushed-landing/
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#Australian economy comes in for crushed landing. The not-so-secret sauce of the crushed landing is, of course, the #massimmigration-led, labour market expansion growth model that so pleases fat rent-seekers and corrupt politicians but pulverises the living standards of the per capita Australian. #auspol #ausecon #auseconomy #BetterNotBigger #sustainability
https://www.macrobusiness.com.au/2024/04/australian-economy-comes-in-for-crushed-landing/
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#Australian economy comes in for crushed landing. The not-so-secret sauce of the crushed landing is, of course, the #massimmigration-led, labour market expansion growth model that so pleases fat rent-seekers and corrupt politicians but pulverises the living standards of the per capita Australian. #auspol #ausecon #auseconomy #BetterNotBigger #sustainability
https://www.macrobusiness.com.au/2024/04/australian-economy-comes-in-for-crushed-landing/
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#Australian economy comes in for crushed landing. The not-so-secret sauce of the crushed landing is, of course, the #massimmigration-led, labour market expansion growth model that so pleases fat rent-seekers and corrupt politicians but pulverises the living standards of the per capita Australian. #auspol #ausecon #auseconomy #BetterNotBigger #sustainability
https://www.macrobusiness.com.au/2024/04/australian-economy-comes-in-for-crushed-landing/
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Capping super balances an option to stop ‘taxpayer-funded inheritance scheme #ausecon #auspol #socialismforthewealthy #socialismfortherich #Budget2023
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Capping super balances an option to stop ‘taxpayer-funded inheritance scheme #ausecon #auspol #socialismforthewealthy #socialismfortherich #Budget2023
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Capping super balances an option to stop ‘taxpayer-funded inheritance scheme #ausecon #auspol #socialismforthewealthy #socialismfortherich #Budget2023