Inflation
Who has fared the worst from the recent bout of inflation and ongoing cost of living crisis? It’s not who you might think from reading headline after headline about Australia’s rental crisis: “On average, households with a mortgage have experienced a significant decline in spare cash flows, unlike
Inflation
Australia’s rate of inflation – as measured by the Consumer Price Index, or CPI – “rose 1.2 per cent in the September 2023 quarter and 5.4 per cent annually, according to the latest data from the Australian Bureau of Statistics (ABS)”: “The most significant contributors to the rise in
Population
The merchants of fear were out to get their clicks again on the weekend, jumping on the inevitable post-pandemic surge in migration to crack a headline: “Monthly long-term arrivals and departures data released by the ABS suggests that net overseas migration (NOM) has surged even higher, with around 500,000
Housing
Australia has a housing problem: we simply haven’t built enough of them to accommodate our growing population, which the government estimates will continue to increase from around 26.5 million to 40.5 million by 2050. All else equal, that means we need about 50% more housing than we
Rent seeking
It’s no surprise that people clamour hand over fist to win preselection for one of the two major Australian political parties when the rewards are far greater than those individuals might expect to receive in the private sector. Not just the power and status, but the financial windfalls awaiting
Housing
According to this tweet (usual caveats apply), a new Deutsche Bank report implied that Australia’s housing crisis is about to get much, much worse: “[W]e estimate that net new migration will be around 530,000 for the financial year 2022-23, but only around 180,000 dwellings will be
Gender
I’m a bit late to the party but for those still not aware, Harvard’s Claudia Goldin won this year’s Nobel Prize in Economics for her work on women’s labour market outcomes. The Nobel Committee provided a very good press release; a 7-page ‘popular economics’ brief; as
Climate change
The Treasury’s latest Intergenerational Report has made headlines for the following claim: “The direct impacts of higher temperatures on how we work are just one of the channels through which climate change will impact labour productivity, but one which could be significant. If global temperatures were to increase by
Housing
National Cabinet – where Australia’s States and federal government get together to try to agree on national policy – reached an agreement this week to: Here’s a link to the full policy reveal, which explains that the 1.2 million target is really just an increase of 200,000 over