
r/AusEcon

Latest Labour Force shows unemployment hitting 4.5%, highest level since 2021
There's also some mixed results in the release:
- Rise in hours worked,
-Falling underemployment.
The sky may well finally be falling... but it also may not be.
The Ugly & Uncomfortable Truth of the Aus Economy. We protect Wealth & Assets whilst discouraging Work. AUS is the land of the inheritance. Most younger Aussies are not able to buy property alone so they rely on their parents for help. Why? We punish labour/work while incentivising assets (wealth)
We are not the land of creators, builders and innovators. Most younger Aussies don’t have aspirations of entrepreneurship or small business ownership compared to young Americans.
Most wealth is Australia is highly concentrated in wealth (assets like property and trusts). Not earnt from labour (work/income). We have a two-speed economy where one is taxed heavily (income) and the other wealth (assets) is given tax credits and concessions.
So why are younger Aussies not getting ahead in their own anymore? Incomes taxes are high and incentives are low. Work isn’t valued. Wealth and assets are.
And any attempt to change this model and flop it is met by a barrage of mass media coverage that is negative and critical. Also it’s because that’s how they have their money too.
Unless Australia changes this model, we will see levels of wealth inequality unprecedented in this country. And with this, more divide, more division and more power highly concentrated.
Has rooftop solar actually changed where NSW gets most of its electricity from yet?
Was looking into the NSW energy mix recently and it got me wondering how much rooftop solar has genuinely shifted the state’s electricity supply over the past few years.
Obviously during the middle of the day solar now seems to play a pretty massive role, especially with how many houses have panels installed, but I’m curious how much it has actually changed the overall balance across a full 24 hour period.
Like:
• what percentage of NSW demand is realistically being covered by rooftop solar now?
• has coal generation meaningfully dropped because of it or mostly just shifted to covering evenings/nights?
• are batteries starting to smooth that out at all yet?
• during a normal weekday, what’s actually carrying NSW once the sun goes down?
Feels like most energy news talks about prices or politics, but not many people seem to discuss how the grid is physically operating now compared to 5 or 10 years ago.
Working half the week for government: Chris Minns blasts federal government on extraordinary explosion in income tax
NSW Premier Chris Minns has blasted the Albanese government for failing to hand back bigger tax cuts to income earners, warning it will need to do more for those in the top tax bracket in future.
On Wednesday, Minns said income-earners paying the highest marginal tax rate of 47 per cent were effectively working half the week for the federal government, pointing to a need to combat bracket creep with bigger income tax cuts.
Aus Fin Review
Pressure builds on new-home industry as Iran war sends construction costs through the roof
abc.net.auFixing house price craziness in australia
for the last 10 yrs, all I’ve heard about is the crazy cost of houses in Australia and that something needs to be done about it.
but when the government actually puts forward a solution that most economists say will succeed in the long term, everyone has a shit-fit and the same media outlets that have been harping on about the crisis are. now out for blood for the government that has actually done something.
can someone explain?
MBA at UTS Sydney
Hi,
I have received an offer letter from UTS for this July 2026 intake.
Final offer acceptance and visa filing is in process.
Any fellow here at the same stage?
I'm high time stressing over final gs clearance and fees submission by 31st May and then thereafter visa approval.
Any tips and suggestions are welcomed.
Also in case I get through this, would love to be in connect with the people who also applied for the same intake at UTS.
THANKS!!!
Australian government's borrowing costs at their highest level in around 15 years
Bond markets around the world are reacting very negatively to the current global situation - lots of pressure building in global markets, feels like something will break catastrophically soon enough.
Grattan Institute report calls for abolition of parking minimum requirements across Australia
abc.net.auThe tax changes in the budget only scratch the surface. Here are 4 reforms Australia needs next
theconversation.comGenuine question: won’t these tax changes just push people into super?
After this new budget I’ve been thinking about my own situation a bit more.
If I’m earning around $160k/year, doesn’t it now make more sense to aggressively max out concessional super contributions rather than invest outside super?
Very rough numbers:
Normal super:
• Total tax ≈ ~$47k
Max concessional super contributions:
• Total tax ≈ ~$39k
That’s roughly ~$8k/year difference.
But if lots of middle/high income Australians start doing that, doesn’t that also mean:
• less taxable income today
• less money circulating in the economy
• more money locked away inside super funds until retirement?
Feels like there could be some pretty big second order effects from this stuff.
In your opinion, what are the very best way/s in which those in power can support new and existing business…?
Not much talk from those currently in power about supporting/enabling new biz anymore…
Aust Govt money printing and house prices
Hi guys,
I was aware of this but when I built these charts this morning I was shocked.
How is this not being talked about or asked of politicians?
AUAHP Average House Prices (AUD) - the mean price of residential dwellings across Australia.
AUM3 - The RBA's preferred broad money measure.
https://www.tradingview.com/chart/iHqeh8wU/
Since around 2012 Aust house prices are up 120% in fiat money AUD - when adjusted for growth in money supply (money printing) value of property is down over 10%.
The issue is that fiat house prices are up 120% and wages are up about 40% - why is this not being talked about? It's a tax nobody voted for, collected by eroding what you have already earned. Every other tax at least requires legislation. This is insidious.
ECONOMICS:AUAHP / ECONOMICS:AUM3