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Australian Economy
Sometimes less is more with taxation
According to The Guardian, Australia’s tobacco excise rate has tripled in the past decade, from 46c to $1.40 per cigarette, accounting for $28 of the average $40 price for a packet of 20 cigarettes.
Leith van Onselen
9 hours ago
Which state is being ‘dudded’ on GST?
The Commonwealth Grants Commission (CGC) reduced Queensland’s share of goods and services tax (GST) revenue by $2.4 billion in March due to the state’s strong revenue from coal royalties.
Leith van Onselen
7 hours ago
1
Australia should not fear population ageing
Policy makers and economists are concerned that the retirement of the Baby Boomer generation and an ageing population could see the nation’s workforce heavily diminished in the future.
Leith van Onselen
17 hours ago
4
Renewable projects turn into giant financial sinkholes
Anybody who believes that meeting Labor’s 82% Renewable Energy Target (RET) by 2030 is achievable or affordable is delusional.
Leith van Onselen
17 hours ago
20
Israel and Iran same old, same old?
Markets are half-panicked by the latest Middle East war.
David Llewellyn-Smith
19 hours ago
10
Abolish EV subsidies
I am philosophically opposed to taxpayers providing subsidies for private car transportation. Most of these subsidies flow to higher-income earners. Therefore, these subsidies serve as a prime example of the reverse Robin Hood phenomenon, where the rich benefit at the expense of the poor. Electric vehicle (EV) subsidies are exceptionally costly and egregious.
Leith van Onselen
21 hours ago
33
The economic week ahead
By Belinda Allen, Senior Economist at CBA The CommBank Household Spending Insights index lifted by 0.5% in May after a flat outcome in April.
Leith van Onselen
2 days ago
4
$8 coffees will bankrupt cafes
Australia’s cafe industry is on the verge of collapse.
Leith van Onselen
4 days ago
15
Victoria is headed for energy Armageddon
The Victorian government has set a delusional target to deliver 95% renewable energy by 2035. These targets are legislated in the Renewable Energy (Jobs and Investment) Act 2017 (Vic), namely: 25% by 2020 (achieved) 40% by 2025 65% by 2030 (previously 50%) 95% by 2035 (new).
Leith van Onselen
4 days ago
9
“Scarred” households refuse to spend
Last week’s Q1 national accounts release from the Australian Bureau of Statistics (ABS), revealed that real per capita home consumption has been negative for seven consecutive quarters on an annual basis, down 2.4% from its peak.
Leith van Onselen
5 days ago
5
No, Australia won’t “run out of workers”
The “Stats Guy”, Simon Kuestenmacher, is a well-known immigration shill.
Leith van Onselen
5 days ago
8
Australia desperately needs reliable baseload power
Leith van Onselen
5 days ago
20
Australia is a housing bubble with an economy attached
The Australian Bureau of Statistics (ABS) released data on Australia’s housing stock, which was valued at a record $11,366 billion as of Q1 2025, equating to $1,002,500 per dwelling.
Leith van Onselen
5 days ago
27
Australian inflation dives
The official Q1 CPI inflation data from the Australian Bureau of Statistics (ABS) revealed that the policy-important trimmed mean inflation rate fell to 2.9% year over year, staying within the Reserve Bank of Australia’s (RBA) inflation target range of 2% to 3%.
Leith van Onselen
6 days ago
4
RBA ‘locked and loaded’ on July rate cut
According to Westpac, financial markets have now priced a 97% chance that the Reserve Bank of Australia (RBA) will reduce the official cash rate (OCR) at its monetary policy board meeting in July.
Leith van Onselen
6 days ago
Unproductive summit to fix no productivity
The Department of Redundancy Department is Albo’s core portfolio.
David Llewellyn-Smith
6 days ago
15
Has the Australian economy just cracked?
Leith van Onselen
6 days ago
30
Australia’s deindustrialisation is nearly complete
Leith van Onselen
6 days ago
11
Victorian government taxes economy into oblivion
Victoria’s budget finances are in disarray, with the state carrying the nation’s highest debt and lowest credit rating.
Leith van Onselen
7 days ago
7
Australia must not cede to Trump on trade
Leith van Onselen
7 days ago
5
The deliberate destruction of Melbourne
Melbourne’s population was about 3.5 million people at the turn of the century.
Leith van Onselen
7 days ago
9
Australians are being boiled slowly in recession
Last week’s Q1 national accounts release from the Australian Bureau of Statistics (ABS) showed that real per capita GDP fell by 0.2%.
Leith van Onselen
7 days ago
4
Australia is a manufacturing wasteland
According to the OECD, Australia has the smallest manufacturing sector relative to its economy in the developed world.
Leith van Onselen
7 days ago
14
Heroes of $7 coffee
The waste of space formerly known as the media had a good laugh at your expense over the weekend, that you can still afford or want to pay $7 for a coffee.
David Llewellyn-Smith
8 days ago
30
The economic week ahead
By Lucinda Jerogin, associate economist at CBA: Real GDP surprised to the downside at 0.2%/qtr.
Leith van Onselen
9 days ago
3
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