You don’t have to be a ‘loser’…..
The Reserve Bank’s duty is to maintain “the stability of the currency, full employment, and the economic prosperity and welfare of the Australian people.”
It’s a big ask!
This month’s decision to cut the cash rate by 25 basis points to a record low of 2% would not have been an […]
One of the most basic concepts in economics is utility, the satisfaction you derive from consuming or using a good or service. Long before quinoa and tofu took over school canteens, I taught the concept of utility by getting my students to imagine eating a hot meat pie and sauce at lunchtime. (It worked well […]
Why are most politicians incapable of actually explaining anything?
Do you remember when your parent used to say “because I said so!”? You knew there was more to the story but you knew they just didn’t have the time or energy or will to explain why!
Take the now defunct carbon tax as an example. Observing the […]
Sixteen years ago I made a career change and started working in the first home buyer market. The company’s unique offer helped many to overcome the virtually impossible task of trying to save for a deposit while still paying rent. I remember clearly the client’s sense of pride and accomplishment and optimism as they took […]
Like in any market property price growth is primarily a function of the demand for and the supply of housing. The demand for housing is a product of its necessity and of the population size and forecast growth, currently at record levels both current and projected. It’s also influenced by government policy, incentives, consumer confidence […]
Interest rates are defined as ‘the cost of credit’, in other words it’s the price we pay for using other people’s money. Household debt in Australia is close to $2 trillion, around $80,000 per person. Obviously some owe a lot less and some of us owe a lot more!
Finance is crucial to economic activity; for […]
