2017 April- RBA leaves cash rate unchanged at 1.5%

http://www.rba.gov.au/media-releases/2017/mr-17-07.html The RBA left the cash rate at 1.5% at its April meeting, due to the following reasons: Conditions in the global economy have improved, with both global trade and industrial production picking up. Growth in China, our largest trading partner, is being supported by higher spending on infrastructure and property spending – however medium…… Continue reading 2017 April- RBA leaves cash rate unchanged at 1.5%

March employment statistics

http://www.smh.com.au/business/the-economy/unemployment-steady-at-59-in-march-20170413-gvk7ff.html Figures released by the ABS show that employment grew more than expected last month- but a rise in the participation rate kept unemployment steady at 5.9% Number of employed Australians grew by 60,900 in March, based on seasonally adjusted figures, while economists had predicted an increase of only 20,000 ABS said employment grew 0.14%…… Continue reading March employment statistics

Latest tax data proves negative gearing benefits wealthy the most

https://www.theguardian.com/business/grogonomics/2017/apr/13/the-latest-tax-data-proves-it-negative-gearing-benefits-the-rich-the-most?CMP=soc_567 Release of taxations statistics for 2014-15 by the ATO reveals that, while the number of people negative gearing has levelled in the past three years as interest rates have fallen, the greatest share of the benefits of negative gearing has gone to above average earners In 2014-15, 1.27 million people recorded a rental net…… Continue reading Latest tax data proves negative gearing benefits wealthy the most

What are the solutions to Australia’s housing bubble?

http://www.smh.com.au/business/the-economy/malcolm-turnbull-has-the-medicine-to-fix-the-housing-bubble–he-just-wont-administer-it-20170403-gvcfbu.html Figures produced on Monday (3/04/17) by CoreLogic show that in Sydney and Melbourne residential property prices have gone up 19 per cent and 16 per cent respectively over the past year, and growth across all capital cities is at a seven-year high. Investors now account for 50% of buyers To eliminated negative gearing tax…… Continue reading What are the solutions to Australia’s housing bubble?

Level of Australian Household Debt

Household debt relative to disposable incomes has reached a record high of 189%. This ratio is an average across all Australian households, of which only a third have a mortgage. This suggests the ratio of debt to disposable income is much higher among those with mortgages and even higher amongst those that recently borrowed for…… Continue reading Level of Australian Household Debt

2016 saw its weakest performance in global trade growth since the GFC

World trade expanded by only 1.7% in the financial year of 2016, the lowest pace of trade and output growth since the financial crisis of 2009. This is a sharp downturn from the World Trade Organisation’s expectations of 2.8% in April. The forecast for 2017 has also been revised, with trade now expected to grow…… Continue reading 2016 saw its weakest performance in global trade growth since the GFC