Rent shock grinds to a halt as Aussies run out of money. 9 days ago. 6

11 hours ago · The OECD’s most recent economic outlook predicts that Australia’s GDP will increase from 1.1% in the 2024 calendar year to 1.8% in 2025. Deloitte is more bearish, expecting real GDP growth to ...

1 day ago · KPMG Australia is upbeat about the outlook for the housing market in 2025, spurred on by expected interest rate cuts.. The firm expects house prices in Sydney to rise by 3.3% this year, followed ...

1 day ago · Wednesday’s Q4 CPI release from the Australian Bureau of Statistics (ABS) has increased pressure on the Reserve Bank of Australia (RBA) to cut the official cash rate. The headline CPI rose by 0. ...

1 day ago · According to PropTrack, national median advertised rents have surged by 47% since December 2019. This explosive growth has pushed rental affordability to a record low, with 33% of median household ...

Oct 7, 2024 · Given that Australia’s population grew by 2.4% in the year to June 2024, these projections imply that the per capita recession will drag well into next year—an unparalleled decline.

The NAB Business Survey, released on Tuesday, suggests that the Australian economy remains in a per capita recession. As Justin Fabo at Antipodean Macro shows below, business conditions, including ...

Oct 23, 2024 · The IMF’s forecast is slightly more optimistic than similar to the OECD’s most recent economic outlook, which reduced Australia’s GDP growth prediction for 2024 to 1.1%, down from 1.5% in ...

Nov 29, 2024 · The Reserve Bank of Australia’s (RBA) November Statement of Monetary Policy (SoMP) downgraded Australia’s GDP forecasts to 1.5% for the year ended 2024 and 2.3% for 2024-25.

Oct 25, 2024 · Much has been written about how Australia’s labour market and economy are being underpinned by record government spending, which hit 27.3% of GDP in Q2 2024 and is projected to continue rising.