Michael Pascoe

Negative gearing is not so negative

Michael Pascoe Poor old negative gearing, carrying the can for perceived housing affordability problems, fitted out as a convenient scapegoat, so much easier to blame it than to deal with the myriad factors bearing...


Students driving up inner city property prices: RBA

Hot property: Overseas buyers are active in the office and retail sector rigtht across the country.

Mark Mulligan Demand for student rental accommodation was driving up the premium for inner-city property in Sydney, but housing affordability in Australia generally was manageable, says the head of financial...

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Worst is yet to come: Goldman Sachs


For Goldman Sachs, the worst is ahead for Australia and housing-bubble concerns will fade as the focus shifts to slowing jobs growth and inflation.


Sydneysiders fill Melbourne's cup

Fashion, fillies and fun epitomise  the Melbourne Cup carnival.

Mark Hawthorne As major events go, the Melbourne Cup carnival has often been a bellwether of the state of the Australian economy. And this year, it's NSW money that's propping up Victoria's spring racing calendar.


Australians confess to stashing $1b in assets offshore

Around $180 million in undeclared offshore income has now been recovered as part of the amnesty, the ATO said. A further $1 billion in assets has also been recovered.

Georgia Wilkins The Tax Office is keeping a close eye on foreign banks as part of its push to stop money being sent offshore by wealthy individuals.


RBA slammed by real estate lobby group REINSW for property investor u-turn

The real estate industry has hit out at what it says it a u-turn by the RBA on property investment.

The Reserve Bank has been slammed for doing too little too late to curb risky lending to property investors

Petrol price drops put $625 a year back into shoppers' pockets

Retailers could benefit as falling petrol prices have put money back in consumers' pockets.

Jens Meyer As household finances improve to the tune of $625 a year and share prices fall, there are finally some reasons to buy retail stocks, Citi says.


Consumer prices up 0.5% as fruit prices surge

Rising prices at the supermarket checkout: The weaker Aussie dollar has increased the cost of imported fruit and other produce including tobacco.

Mark Mulligan Consumer prices edged 0.5 per cent higher in the September quarter, as rises in the cost of fruit, houses, property rates, and vehicle charges were offset by falls in electricity and petrol.


Weak jobs, high Australian dollar should lead to rate cut: Goldman Sachs expert

Heading north: Experts are tipping interest rates to rise next year.

Vesna Poljak One of the region’s most senior ­fixed-income experts has underscored the divide between economists and the bond market by reasserting his call that the Reserve Bank of Australia may be...

Gareth Hutchens

Why negative gearing should be abolished

Monopoly house

Gareth Hutchens Economics teaches us to see things that we can’t see with our eyes.

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RBA concerned about global growth, says interest rates will stay low


Mark Mulligan The Reserve Bank of Australia intensified its focus on global growth and market volatility in the minutes of its October policy meeting, with concerns about China, Japan and Europe more prominent...

Rising house prices to encourage household spending: ANZ

Australians are set to loosen the purse strings a little as rising house prices give consumer confidence a leg up.


'Not just chocolate biscuits': Deep corporate cost cutting tells tale of waning confidence

With growth hard to come by, many Australian companies are making cost cuts that go well beyond the chocolate biscuits in the kitchen, says CBA's Tim Rocks

Mark Mulligan Falling real incomes in Australia and global growth concerns are undermining corporate and consumer confidence and put at risk the government’s fiscal objectives, a conference heard on Monday.


Western Australia's doing it tough, says Kerry Stokes

Mining needs to be more efficient, says Kerry Stokes

Julie-anne Sprague Billionaire Perth-based businessman Kerry Stokes says economic conditions in his home state are the worst in nearly 25 years.

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Michael Pascoe

Why some wages growth might be a good thing

Some growth in wages might help bring workers to the services sectors that need them, says the RBA's Christoper Kent.

Michael Pascoe Unfortunately economics isn’t as simple as the average minister for employment might make out.

State of the States: NSW topples WA as strongest economy

The glow of the mining boom continues to fade.

NSW has knocked off Western Australia as the country's strongest economy, as the glow of the mining investment boom continues to fade.

Interest rates

Deutsche sees further rate cut next year

Soft employment could prompt the central bank to cut interest rates further next year, according to Deutsche Bank.

Mark Mulligan The unemployment rate in Australia may not peak until the end of next year or early 2016, forcing the Reserve Bank of Australia to cut the cash rate from the current 2.


Australian business calendar October 20 - 24

What's on in the world of business this week.


Cheers and jeers for RBA's Guy Debelle

Have the assistant governor's comments killed his chances of making it to the top job?

Sally Rose Across talkback radio, editorial columns, twitter, and stock forums this week, market watchers have been a abuzz with their views on Reserve Bank of Australia assistant governor Guy Debelle's warning...

Monetary policy

Rupert Murdoch lambasts central bank stimulus

Low interest rates and governments printing money push up the price of assets, rewarding the wealthy owners of assets, Mr Murdoch told his high-powered audience.

James Chessell Rupert Murdoch used an after-dinner speech to the world’s most powerful finance ministers to argue against the widespread quantitative easing adopted by central banks, arguing the policy was...