Unconventional Economist

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also Chief Economist and co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.

RBA doubles mortgage holders “in deep financial difficulty”

Earlier this week, Australian Prudential Regulation Authority (APRA) chairman John Lonsdale gave a speech to the European Australian Business Council. He noted that the number of Australians experiencing severe mortgage stress has nearly doubled from 2016 levels and is trending up amid the aggressive monetary tightening from the Reserve Bank of Australia (RBA).

Dog days ahead for federal budget

Deloitte Access Economics expects the federal government to post an underlying budget deficit of $33.5 billion for 2024–25, following a surplus of $15.8 billion for the 2023–24 financial year.

Easier mortgage credit will drive house prices higher

National Australia Bank (NAB) has become a banking pariah, lobbying for easier first-time homebuyer access to mortgage credit to improve ‘housing affordability’.

Crackdown on university fat cats selling junk degrees

Last week, the National Tertiary Education Union (NTEU) published an analysis showing that more than 300 Australian university executives earn more than state premiers amid widespread wage theft among lower-level staff.

“Pressure cooker” housing market needs genuine solutions

David Harrison, CEO of the $80 billion property behemoth Charter Hall, warned that Australia’s housing crisis would deteriorate as population growth (immigration) outpaces supply.

Why Australian living standards have collapsed

Australians are experiencing the sharpest decline in real household disposable incomes on record, as illustrated below.

Melbourne Lord Mayor Nice Reece doubles down on failed population ponzi

Newly elected Melbourne Lord Mayor and vocal mass immigration supporter, Nick Reece, believes that he has the solution to Melbourne’s rental crisis and declining economy: more migrants and international students!

Reserve Bank cuts rates by 0.5%

Give Australians a population plebiscite, not a Senate inquiry

Independent Senator David Pocock has called for a Senate inquiry into immigration and population “so we can have a deep, considered conversation about it.

Recession triggers cafepocalypse

This century saw an explosion of cafes around Australia.

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