Australian Economy

Real per capita household disposable income is considered the most reliable indicator of individual living standards.

By Trent Saunders, economist at CBA The RBA left the cash rate on hold at 3.60%, as expected, but the accompanying statement carried a more hawkish tone.

Last week, the Business Council of Australia (BCA) warned of the potential economic consequences of the Victorian government’s proposal to introduce a legislated right to work from home for at least two days a week.

In the years since China began its meteoric rise to become the world’s unrivalled manufacturing hyperpower, Beijing has increasingly used trade as a tool to exert pressure on companies or governments.

Michael Read at The AFR posted the following chart showing that tax receipts as a share of GDP hit their highest level in 38 years at 25.9% of GDP.

Upon the arrival of the pandemic in Australia in early 2020, the consumer confidence of the nation’s households experienced a sharp decline and has remained turbulent.

Since the ABS started publicly releasing its monthly CPI in late October 2022, it has been a source of controversy and debate.

In the debate surrounding the viability of individual households servicing ever larger mortgages, the fact that Australia has yet to see large-scale defaults is often cited as evidence that the current level of debt is sustainable.

Following the release of the ABS monthly inflation data for August, the outlook for interest rates held by various banks changed in a matter of hours.

Analysis from the OECD, published in The AFR, shows that Australia ranks second-last among wealthy nations in terms of productivity growth since the COVID-19 pandemic.

The concept of fairness plays a crucial role in shaping the collective consciousness of Australians and shaping our national identity.

Following the release of the monthly CPI for August, headlines about skyrocketing electricity prices began to circulate, highlighting the 24.6% year-on-year increase in electricity costs.

In the early 2010s, the federal Labor government made the disastrous decision to allow the export of liquefied natural gas (LNG) from Queensland without forcing gas companies to first supply Australians.

As expected, the Reserve Bank of Australia (RBA) has chosen to hold the official cash rate at 3.60%, in what was a unanimous decision.

Recent figures from the Department of Home Affairs revealed that almost 100,000 asylum seekers had their claims for asylum in Australia rejected, yet they remained in the country.

By Belinda Allen, head of Australian economics at CBA: The August monthly CPI surprised to the upside.

With the release of the latest Westpac – Australian Chamber of Commerce and Industry (ACCI) survey on Industrial Trends, a concerning divergence has emerged between economic expectations and actual performance across a wide array of different metrics.

Earlier this month, Ex-NSW Senior Trade and Investment Commissioner for Japan and Korea Michael Newman lambasted the size of Australia’s bureaucracy, claiming we had one of the world’s largest number of public sector workers per head of population.

With the release of the latest ABS fertility rate data, it was revealed that the nation’s Total Fertility Rate (TFR) had fallen to its lowest level on record, slumping to 1.50 babies per woman.

Solana moves fast.

Driving has always been more than moving from one place to another.

The Australian Bureau of Statistics (ABS) has released the monthly CPI indicator for August, which recorded a jump in headline inflation to 3.0%—the highest result since July 2024.

In the years since the pandemic arrived, Melbourne has gone from having one of the strongest economies in the nation and being a drawcard for internal migration to the butt of jokes and criticism.