Unconventional Economist

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

Property vendors and buyers cash in on rate cut

The economic week ahead

By Stephen Wu, senior economist at CBA.

Australian housing poised for new price boom

Labor’s housing target crumbles into dust

The Albanese government’s National Housing Accord commenced on 1 July 2024 and requires the construction of 1.2 million homes over five years, which equates to 20,000 homes per month and 240,000 homes a year.

Weekend reading and media appearances

Australia’s housing scandal exposed

More gas supply futile without domestic reservation

The Queensland state government on Wednesday announced the opening up of nine new areas for gas exploration across the Cooper/Eromanga and Bowen/Surat Basins to boost future supply.

FOMO drives house price upswing

Last week’s 0.25% interest rate cut from the Reserve Bank of Australia (RBA) has immediately impacted the housing market, with Cotality last week recording the highest capital city final auction clearance rate since July last year at 65.1%.

Stalling capex bad news for Aussie productivity

Former Treasury Secretary Ken Henry’s recent interview with Joe Walker explained how the structural decline in capital deepening has driven the decline in Australia’s productivity growth: [Capital deepening] makes each hour worked more productive, right?..

Australians teeter on brink of recession

Partial data received so far suggest that Australia’s economy will post only modest growth in Q1 2025 and is likely to show a negative per capita GDP print. The Australian Bureau of Statistics’ (ABS) Household Spending Indicator (MHSI) recorded zero growth in volume terms in Q1 2025.

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