The Tightening Labour Market

The Tightening Labour Market

The lockdowns in New South Wales and Victoria have played havoc with Australian monthly labour force data. In the past two reports for August and September a collapse in the number of people considered active in the labour force (defined as employed or unemployed) or...
Home Prices Flashing Amber

Home Prices Flashing Amber

Australian house prices over the past year have risen at their fastest annual pace since 1989. Q2 2021 ABS data showed national house prices up 6.7% q-o-q and 16.8% y-o-y with home prices in Australia’s biggest city, Sydney, up 8.1% q-o-q and 19.3% y-o-y. The ABS data...
Moving Parts

Moving Parts

Economic forecasting even with the aid of the best economic models is a tricky business at the best of times. The assumptions fed into models are a key influence on forecasts and economic forecasting assumptions often prove to be wide of the mark. The risk of feeding...