Credit slowdown likely to impact economic conditions more broadly than just dampening housing prices
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Anyone directly or indirectly associated with housing finance has likely felt the pinch of heightened regulation and tighter credit policies.  Mortgage brokers and lenders are the first industry participants that come to mind, however the slowdown in lending activity has broader implications for a wide range of peripheral industries and revenue streams.    Less lending implies…

Consumer confidence drops again this week
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Australians are becoming less confident about  their financial futures. This has not been helped by all the talk about housing affordability (or lack thereof),  the media’s negative talk about the Melbourne and Sydney property markets and all the turmoil going on in the world.  This week The headline ANZ-Roy Morgan Australian Consumer Confidence fell 1.9%…

Land of the ‘fair go’ no more: wealth in Australia is becoming more unequal
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Australia has become collectively richer but much more unequal in recent decades, writes… Christopher Sheil, UNSW Australia and Frank Stilwell, University of Sydney Australians often pride themselves on living in the land of the “fair go”. However, the available evidence shows the distribution of wealth in this country is no more egalitarian than the average…

A snapshot of Australia by income, gender and work
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Wages are stagnating and women have not benefited nearly as much as men from earlier wage increases. And what if small business isn’t the powerhouse we’ve been led to believe? What recent HILDA data has to tell us about gender, income and work, writes… Declan O’Hara, The Conversation; Emil Jeyaratnam, The Conversation; Helen Westerman, The…

Weekly Economic Update: It’s time to borrow to build
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A break from the mundane to look at the bigger picture, writes… UNSW economics professor and Harvard PhD Richard Holden in his  weekly economic wrap. This week: Housing finance, unemployment and new car sales in Australia, inflation in China, and the producer price index in the US. Richard Holden, UNSW Australia Don’t get me wrong, I was keenly…

Property Market Post GFC – Where since this time has most value growth occurred?
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CoreLogic Property Pulse, Australasia research undertook an analysis of capital city home values activity since the onset of the 2008 financial crisis. As you’d expect, Sydney and Melbourne led the charge in values growth, while other capitals recorded a relatively mute outcome. The 2007/08 financial crisis hit Australia’s housing market hard and delivered a -6.1%…

What the government should do now: economic growth
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With a federal election outcome, it’s time to take stock of how Australia is doing, where it’s going, and what governments can do about it, writes… Jim Minifie, Grattan Institute The Coalition has scraped into a second term. How credible is its economic growth program, and what else should it do to strengthen growth? The…

Industries: Where are the new jobs being created?
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Here come the robots! My first job for a year after I left school involved inserting pieces of wood and MDF through a moulding machine in a somewhat repetitive fashion – i.e. for up to 12 hours per day – and a bloke called Hughie at the other end taking them out again.  The cynical…

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