News

The federal government has defended high migration levels, after the RBA suggests closed borders are creating pockets of wage growth

The federal government has defended Australia’s historic immigration levels after Reserve Bank of Australia governor Philip Lowe commented on the ties between migrant labour and wages. As the international border remains closed, keeping many skilled workers out of Australia, the Department of Home Affairs pointed to research showing migrant labour […]
The federal government has defended high migration levels, after the RBA suggests closed borders are creating pockets of wage growth
News

Australia’s economic recovery puts it well ahead of other wealthy nations. But new jobs data complicates that picture.

A new report singles out Australia’s policy approach as the most successful among wealthy nations. The OECD’s annual employment report found that despite “slow progress in its vaccination campaign,” Australia’s JobKeeper scheme enabled a faster economic recovery than any comparable nation. “A rapid and substantial initial policy response and strict […]
Australia’s economic recovery puts it well ahead of other wealthy nations. But new jobs data complicates that picture.
Markets

Australia’s regulators are preparing to intervene in the property market as house prices explode and New Zealand mounts its own crackdown

Australian regulators have revealed they are mulling a possible lending intervention, as household debt mounts. As property prices soar, the RBA has raised major concerns, indicating it is considering what steps it may take next if credit growth doesn’t slow. It follows similar moves overseas after New Zealand’s central bank […]
Australia’s regulators are preparing to intervene in the property market as house prices explode and New Zealand mounts its own crackdown
Markets

Australia needs a Royal Commission into housing, experts say, as soaring prices create an economic ‘time bomb’

Australia’s $8.1 trillion property market demands a Royal Commission and subsequent intervention, a new research paper claims. A special report compiled by UNSW found that soaring prices present a “triple crisis” to the Australian economy that risks worsening inequality, undermining growth and threatening stability. Almost 90 experts weighed in on […]
Australia needs a Royal Commission into housing, experts say, as soaring prices create an economic ‘time bomb’
News

The latest housing market figures show record price rises and a decline in negative gearing, suggesting Aussie landlords are winning across the board

Australia’s housing market experienced its greatest quarterly growth in a decade through the first months of 2021, the Real Estate Institute of Australia states. Separately, the latest Australian Taxation Office data shows the number of landlords whose expenses outweighed their rental incomes dropped over 2018-2019. Taken together, the figures suggest […]
The latest housing market figures show record price rises and a decline in negative gearing, suggesting Aussie landlords are winning across the board