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
Markets

The number of $50 notes out there for each Australian may surprise you

RBA governor Philip Lowe says the shift towards electronic payments in Australia is happening “quite quickly”. However, he said bank notes won’t vanish from existence any time soon. And interestingly, the number of bank notes on issue is heavily skewed to the expensive end. If you’ve ever wondered how many […]
The number of $50 notes out there for each Australian may surprise you
Markets

Australia’s housing market is unlikely to ‘collapse under its own weight’

RBA deputy governor Guy Debelle says regulatory curbs on investor lending have “meaningfully reduced” Australia’s household debt risk. He said the buildup of riskier investor loans make Australia’s economy more vulnerable to an external shock. However, the market is unlikely to ‘collapse under its own weight’. Debelle also addressed risks […]
Australia’s housing market is unlikely to ‘collapse under its own weight’