Inflation is heading in the right direction
News

Inflation heading in the right direction at last

- December 1, 2023 2 MIN READ

I’ve said over the last couple of weeks that I reckon the December quarter CPI figure (released on 29 January) will be lower than most people think and that we are at the top of the interest rate cycle. Just as the September CPI surprised everyone by being higher than expected, the December quarter will… Read more »

Impact of inflation on households
News

Behind the headlines: what rising interest rates really mean

- November 17, 2023 4 MIN READ

The Reserve Bank has been constantly saying that as it monitors the economy for any further need for interest rate increases, apart from inflation its focus is on jobs, household spending and the property market. This week we received key data on all these areas. First up jobs. Unemployment up but job creation still strong… Read more »

The real impact of migration on Australia
Your Life

The real impact of our record migration numbers

- November 10, 2023 2 MIN READ

Over the last couple of months I’ve been talking about the impact of Australia’s record migration levels on the housing and rental markets.  This week I received a fascinating report from CoreLogic’s Head of Research, Eliza Owen, who had five key insights about overseas migration and the housing market: 1. Migrant housing demand skews toward… Read more »

RBA inflation down fast
News

RBA wants inflation to slow — fast

- October 20, 2023 3 MIN READ

Comments in the latest RBA Board minutes shows they don’t just want inflation to slow, they want it down at a faster rate.  Mark this Wednesday in your calendar. That’s the day the September quarter Consumer Price Index (CPI) will be released at 11.30am. That single figure will determine whether the Reserve Bank lifts interest… Read more »

RBA keeps interest rates steady
News

Business as usual at the RBA

- October 6, 2023 3 MIN READ

RBA Board meeting week and it was steady as she goes. A change in RBA Governor from Philip Lowe to Michele Bullock made no difference at all… and I suspect that was the point. There was all sorts of talk in the lead up to the meeting about whether Michele would stamp her own unique… Read more »

What's worrying Aussies the most
Your Money

What’s worrying Aussies the most?

- September 15, 2023 3 MIN READ

Research from Compare the Market’s new Household Budget Barometer has revealed the nation’s surprising financial fears for the next 12 months. According to the report, the cost of groceries, energy and fuel are the bills that Australians believe will cause the most pain in the next year. In fact, a whopping 66.4 per cent of… Read more »

Aussie bosses are feeling optimistic
News

Consumers still gloomy, but employers are feeling optimistic

- September 15, 2023 3 MIN READ

The Westpac-Melbourne Institute Consumer Sentiment survey has found that Australians haven’t been this gloomy since the 1990s recession. The last Reserve Bank Board meeting pointed out that the key economic indicators it is following for future interest rate decisions are the labour market (which, as we now know continues to be tight) and household confidence… Read more »