Australian universities cry poor as they make out like bandits

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Earlier this month, Victorian university annual reports were tabled in state parliament, showing that nearly every institution improved its financial position in 2021 compared to the previous year.

The standout was the giant Monash University, which posted a record surplus of $416 million for 2021.

NSW university annual reports were tabled tabled in state parliament on Monday, which likewise showed that nearly every institution recorded larger surpluses. The standout there was the University of Sydney, whose revenue grew by $1 billion last year, recording the biggest surplus in its 172 year history:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.