Off the Charts
A picture tells a thousand words and Off the Charts is where you’ll find the charts and graphs that tell the most interesting stories. Across all the areas the Australia Institute covers, we give you the pictures that help you understand what is really going on in the world.
Housing affordability is on a very dangerous path
If housing affordability keeps going the way it has over the past 20 years, an average house in Sydney will be worth 24 years of an average salary.
.The major parties, not the independents are the big spenders at election time
The government says the electoral laws changes are about limiting big spending by independents, but community independents spent less per seat than the major parties at the 2022 federal election.
.While Uni Vice-Chancellors rake in millions, young researchers struggle to survive
Australia’s university Vice-Chancellors are among the highest paid in the world, while Australia’s PhD students are some of the lowest paid. That is not a sign of a healthy education system.
.Uni Vice-Chancellors keep getting richer while those who teach and research are left behind
The pay of university Vice-Chancellors has soared well beyond that of the teaching staff for no improvement in management.
.January 2025
The HAFF is a small start to tackle housing affordability, but investors still get all the breaks
Increasing the number of houses is welcome, but unless the government tackles the expensive tax breaks for investors, housing will remain unaffordable for many.
.The high pay for Vice-Chancellors does not deliver better outcomes for students
Australia’s university vice-chancellors are among the highest paid in the world, and yet all that money does not deliver better outcomes for students.
.As inflation falls, the Reserve Bank is Missing in Action
With inflation within the RBA’s target range, interest rates should be cut, but unfortunately Australians will have to wait for the Reserve Bank board to get back from holidays.
.Compared to the cost of protesting, buying time with a minister is very cheap
In Australia today, corporate lobbyists can cheaply access politicians in private while peaceful public protestors face draconian penalties.
More evidence that inflation is under control – but where is the RBA?
Inflation is under control and the economy is barely staying out of recession. But the Reserve Bank has decided to take more than 2 months off before deciding if a rate cut is needed.
December 2024
Queensland has more coal mines than ever before
Remember when BHP threatened that Queensland was going to “rue the day” that coal royalties were changed to get more money for Queenslanders? How mining companies were going to desert the state? New data from the Queensland Government shows that there are more coal mines in the state now than ever before, with 58 operating
Let’s celebrate the new normal of unemployment below 4%
Those arguing that Australia cannot sustain unemployment below 4.5% without rising prices and wages have been found to be completely wrong. And it is time they admitted it.
.Sorry BCA – the data shows businesses like investing in Victoria
Despite what the Business Council of Australia would wish you to believe, Victoria is one of the most popular places to invest in Australia.
.Sorry media, neither Victoria’s budget nor its economy is in bad shape
Victoria’s budget and economy are actually doing well – both the state’s public net worth and overall economy recovered solidly from the pandemic.
.An Australian whistleblower rewards scheme could reduce white-collar crime while raising billions in revenue
It is not often we can look to America for good public policy – but they have one good idea about helping encourage corporate whistleblowers while also raising revenue.
November 2024
The time taken to pay off HECS is worsening the inequality between the states
The increased cost of university degrees has amplified the difference in time it takes to pay off a degree in each state – and can make it more attractive to work elsewhere.
The latest figures show governments can (and should) reduce inflation
Electricity rebates have demonstrated that leaving the fight against inflation should not be just left to the Reserve Bank
.Appointing the former INPEX general manager as the NT interim Territory Coordinator is a terrible move
Gas giant INPEX is notorious for not paying tax and now the NT govt is giving a former exec power to exempt gas projects from environmental regulations
Research shows people living in rural areas have a much lower life expectancy
The closer you live to the city and the richer your post code, the more likely you are to have a longer life.
.Wages are growing faster than inflation – but workers are $8,000 worse off than 3 years ago
A full-time worker on average earnings has lost around $8,000 in living standards over the past three years.
Approving new fossil fuel mines makes both the climate and housing affordability worse
Every time the government approves a new fossil fuel mines it choose to make it harder for people to build homes.
.October 2024
AGL is charging ordinary consumers more than 3 times for gas than it charges businesses
Analysis of AGL’s annual report reveals that AGL charge households 3 times for its gas than it does to businesses.
The steady decline of voters choosing the major parties is reshaping Australian politics
Over the past 40 years the share of votes going to independents and minor parties has risen in both state and federal elections.
.The Liberal’s plan to boost housing is just a $5bn gift to property developers
The Liberal Party’s announcement this week to spend $5bn on infrastructure over 5 years to “boost home building across Australia” will barely make a difference – except to the profits of property developers.
The Carnival is Over: music festivals struggle as football roars
While the “not-for-profit” AFL has $5m to pay Katy Perry to play five songs at last weekend’s Grand Final, Australian music festivals are struggling.
September 2024
New figures show capital gains now outstrip wages – and yet mostly they go to the rich and untaxed
The latest figures on Australian wealth reveal that inequality is being driven by capital gains that overwhelmingly go to the wealthiest and are mostly untaxed.
.Public spending keeps the economy going as the private sector is hit by rate rises
Fast rising interest rates have slowed the economy so sharply that only government spending is keeping it growing
August 2024
As Pacific Islands Forum meets, the government should admit we do not need more gas
Claims that LNG gas can’t be used to meet any shortages in south-east Australia are completely false given how much uncontracted LNG capacity Australia has over the next 20 years.
New figures reveal yet again that wage growth is not driving inflation
The growth of wages under enterprise agreements is now as low as it has been for nearly a year.
Forget everything you have heard – Australia does not have a gas shortage
Australia exports around 35 times more gas than would be needed to cover any potential “shortage” in South-East Australia. Australia does not need more gas
The rate rises have cost households and businesses billions of dollars
The rate rises over the past 2 years have seen banks taken billion from households and business in increased interest payments.
.Curated by
Off the Charts is curated by Greg Jericho, Chief Economist at the Australia Institute and the Centre for Future Work.
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