Off the Charts // Economics
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.
March 2025
Migrants are not to blame for soaring house prices
The problem of housing affordability is not too many migrants, but too many tax breaks for investors.
.Fuel excise cut: bad policy and not worth as much as advertised
Halving the fuel excise is bad for the environment and for most Australians won’t deliver the cost-of-living benefits that are being spruiked.
Increased enterprise agreements and wages show the government’s IR policy is working
The changes to industrial relations show that bold policy delivers good outcomes.
In 2023-24 Australians paid more than 4 times on HECS/HELP than gas companies did on PRRT
In 2023-24 tax from the PRRT was less than an quarter the amount raised by HECS/HELP debts repayments.
Housing affordability crisis – Saving for a deposit forever
The dream of saving for a deposit on a house is now so far beyond most poeple that even if you have a high paying job, you still can never save enough.
One million Australians are now working 2 or more jobs
In the last three months of 2024 a record number of Australians were working multiple jobs
Nurses pay more tax than the oil and gas companies
Over the 10 years to 2023-24 nurses paid $7bn more in tax than did the oil and gas companies.
Big private health insurers make huge profits… but they want you to pay more
Despite huge profit margins, the big three private health insurers keep higher and higher premiums.
.February 2025
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.
.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.
.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
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.
.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.
.October 2024
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.
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
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.
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.
.July 2024
Superannuation tax concessions are making inequality worse
Superannuation tax concessions were designed to encourage saving, but instead they are being used by the wealthiest to avoid paying tax
June 2024
Wages are clearly not driving inflation as new data shows wage growth is falling
With wage growth already falling, further interest rate rises would only serve to punish workers who are already suffering.
The tax stats show the gender pay remains widespread across almost all occupations
The 2021-22 taxations statistics show that men have a higher average salary in 96% of all occupations
“Sticky inflation” is not Australian workers fault and higher interest rates and lower wages won’t solve it
Australia’s inflation is rising and falling in line with the experience in Canada and the USA despite the RBA not raising rates by as much as did the central banks in those two countries.
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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