Last night at a gala dinner held at The Rocks in Sydney, Nobel prize winning economist Sir James Mirrlees voiced his professional opinion that Australia’s high wages cannot be sustained and must move closer to countries such as China, otherwise unemployment will continue to steadily grow as capital leaves the …
According to figures released by SQM Research, Australia’s national rental vacancy rate has increased by 0.3 percent in April and now sits at a record high of 2.3 percent, the highest since the index commenced in 2005. The high vacancy rate is putting downward pressure on asking rents as Landlords …
Consumer confidence has crashed in Australia – just one week since the release of the Federal Budget. According to the ANZ-Roy Morgan survey out today, consumer confidence plunged 3.2 per cent last week pulling down the monthly index by 14 per cent, as word started leaking onto the street of …
As Australians argue about the level of government debt and if we need a debt tax ahead of next Tuesday’s Federal Budget, the Australian Bureau of Statistics (ABS) has today released data showing where Australia’s real debt crisis is. According to the ABS, Australian household debt at the end of …
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