Australian Economy

Earlier this month, Tony Webber from the Federal Chamber of Automotive Industries warned of a clear consumer shift from battery electric vehicles (EVs) toward hybrids.

In 2013, Labor Resources Minister Gary Gray made the fateful decision to allow the Gladstone liquified natural gas (LNG) terminals to be built without the requirement to reserve gas for domestic users: “Let me say very clearly, a reservation policy could not lead to lower gas prices or more gas,” Gray said.

By Stephen Saunders Last Friday, Treasurer Jim Chalmers quietly let slip Australia’s fifth Population statement, in which he and the Treasury constitute public enemy No.

Australia is experiencing its longest-running per capita recession on record at seven consecutive quarters.

The Australian Bureau of Statistics’ (ABS) Q3 national accounts revealed that real consumer spending had stalled despite households receiving Stage 3 personal income tax cuts.

Below are CBA’s and Westpac’s November CPI Previews.

The AFR’s Ronald Mizen has published an article describing Australia’s broken ‘skilled’ visa system, which is importing many purportedly skilled workers who end up working in menial jobs such as driving Uber.

The Australian Bureau of Statistics (ABS) recently released data on the value of the country’s residential housing stock.

Last week, I questioned why the population estimates in the Q3 National Accounts were substantially different from the official Q2 population figures released by the Australian Bureau of Statistics (ABS) only eight days later.

Westpac Senior Economist Pat Bustamante estimates that “high nominal income growth on the back of elevated commodity prices, strong wages growth and high inflation, along with record population growth, have combined to deliver a budget windfall of $252.1 billion over the six years to 2027-28, since the October 2022 budget”.

On Wednesday, I reported that 26,000 businesses have fallen into insolvency since the 2022 election, including a record 12,405 insolvencies this calendar year. Data from the Australian Financial Security Authority (AFSA) shows there were 11,644 personal insolvencies nationwide in 2023-24.

It is fair to say that the Reserve Bank of Australia (RBA) would already be cutting interest rates if not for the nation’s low unemployment rate of 3.9%.

From Westpac’s Head of Australian Macro-Forecasting, Matthew Hassan.

The Australian Bureau of Statistics (ABS) posted the below image on Twitter (X), showing how the mining industry now uses more energy than any other industry in Australia, overtaking the manufacturing industry for the first time in 2022–23.

Business Council of Australia chief executive Bran Black recently lambasted Peter Dutton’s proposal to cut net overseas migration, claiming it would exacerbate skills shortages.

Last month, CommSec released data showing how Australians aged over 60 increased their consumption spending by more than inflation over the past year.

The world of crypto moves at a rapid pace and has been for some time, but very few tokens can command the movement of a market the same way that Ethereum (ETH) does.

I noted last week how Australian tenants have experienced a sharp decline in their living standards in recent years.

In 2025, thematic ETFs focusing on artificial intelligence (AI), green energy, and blockchain are gaining traction as investors seek to capitalize on transformative global trends.

From Westpac: Westpac Consumer Sentiment dips 2% to 92.8.

Besides oil, Australia has nearly every natural resource the world needs.

Australia’s governments have chosen to abandon cheap and reliable coal-fired generation in the name of ‘net zero’.