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WEB12. Sydney faces an appalling decline in living standards. 1 day ago. 6. The calm before another house price storm. 2 days ago. 10. Australian housing is too expensive. Prices must fall.
Australian’s recession set to break more records
WEB3 days ago · The OECD’s latest economic outlook report has downgraded Australia’s GDP growth forecast for 2024 to 1.1%, compared with 1.5% in its previous report in May. The OECD also forecasts that ...
Australia transforms into public sector economy - MacroBusiness
WEB5 days ago · The Q2 national accounts and the latest labour force data showed that the public sector is powering the Australian economy, masking the deep private sector recession. Source: Alex Joiner (IMF ...
NDIS juggernaut steamrolls economy - MacroBusiness
WEB8 hours ago · Subscribe. Jarden economist Anthony Malouf says the investment bank has concluded that increased government spending on the $49 billion National Disability Insurance Scheme (NDIS) is contributing ...
Why Australian interest rates could still rise - MacroBusiness
WEBAug 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 ...
Australia's booming wealth is mostly fake - MacroBusiness
WEB7 hours ago · The ongoing appreciation of Australian home values drove the rise in wealth. Dwelling assets grew by $216.0 billion in the June quarter to a record high of $10,483.3 billion. In comparison ...
More good news on inflation - MacroBusiness
WEBAug 14, 2024 · The wage price index rose by 0.8% in the June quarter, weaker than market consensus of 0.9%. Wage inflation has moderated in the first half of the year, with the six-month annualised pace easing ...
RBA to hold rates until mid-2024 - MacroBusiness
WEBSep 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 ...
Australia’s consumer recession projected to deepen
WEBAustralians are currently enduring their deepest recession since the early 1990s outside of the pandemic lockdowns. Australia’s real per capita GDP declined by 1.3% over the five quarters to ...
Australia’s ‘working poor’ has never struggled this much
WEBEven Anglicare in booming Western Australia reported that 68% of people using the charity’s emergency relief services are doing so for the first time.