House prices are falling but housing unaffordability remains high

The upsurge of inflation since the COVID-19 lockdowns has not had equal impacts on all Australians. Workers and low-income people have experienced the worst losses: both because their incomes, in most cases, have not kept up with prices, and because they are more dependent on essential goods and services (like shelter, food, and energy) than higher-income households.

Just as the recent economic policy debate about tax breaks for multimillionaire superannuants has been overshadowed by sensationalist tabloid journalism (instead of what constitutes a dignified retirement), now the debate about climate policy risks being dominated by history wars and partisan politics – instead of what the science has been telling us for decades.

Australia’s newest integrity institution, the National Anti-Corruption Commission (NACC), will help root out corruption and hold the powerful to account.

Superannuation is too important for retirement to be allowed to be a tax dodge scheme for the wealthy. It is time to review the scheme and stop the abuses

When a mining magnate is backing a more credible decarbonisation policy than some climate groups, it’s a sign of just how degraded Australia’s climate debate has become.

The Reserve Bank now forecasts real household incomes will take longer to recover than they did during the 1990s recession and is also projecting economic growth at historical lows. Australian consumers are right to feel worried about the future.

The signs are already evident that household consumption is falling despite most mortgage holders yet to feel the full effects of the rate rises. The Reserve Bank however believes more pain is needed.

This February marks an important anniversary in our nation’s electoral history – but for some reason it appears the centenary has approached with remarkably little fanfare from the enduring, occasionally fractious, political couple.

The enormous PEP-11 gas project off Sydney’s northern beaches is back in the headlines and the timing couldn’t be worse for a federal Labor government trying to rush a new climate policy through the parliament; a policy that does nothing to stop new gas and coalmines being built and doesn’t even stop major polluters increasing their emissions. Labor’s Madeline King must now remake the decision made by our undercover resources minister, Scott Morrison.

If the Albanese government were looking for some political cover to remove the chokehold of the $254 billion stage three income tax cuts on the budget, it could do worse than look to the International Monetary Fund’s latest advice.

The cost of mortgages is soaring and households are spending less in the shops – the Reserve Bank should hold off on raising rates again next week

If a pandemic killed 15,000 people and nobody seemed to notice, was it really a pandemic? In Australia last year, COVID-19 killed more people than lung cancer, breast cancer, prostate cancer, car accidents and drowning combined. And in addition to the 15,000 deaths directly attributed to COVID, the Australian Bureau of Statistics tells us that

One of Labor’s key policies to reduce emissions is the Safeguard Mechanism. But how does it work, and how effective is it at actually reducing emissions?

Most economists believe inflation has peaked and yet the Reserve Bank is still expected to raise rates next month despite real wages falling by more than 4% last year.

Whether Treasurer Jim Chalmers reforms, restructures, or simply removes the Productivity Commission is, like the commission itself, largely irrelevant. The advisory body that once sat at the vanguard of Australia’s failed experiment with neoliberalism now sits impotently on the sidelines of Australian policy debate. Bizarrely, in rejecting calls for the abolition of the PC this week some

The unemployment rate published by the Australian Bureau of Statistics is an incredibly stable, accurate and reliable indicator of something almost entirely irrelevant. It provides us with 63 years’ worth of raw data on the number of Australians who worked for less than one hour, were actively seeking work and, because they had no caring responsibilities, were available to start work immediately.

Home loans have fallen sharply in the past year, and the rate rises are clearly having a major impact. As such the Reserve Bank needs to wait before raising them again.

The Stage 3 tax cuts will cost $300bn in their first 9 years. A new tool shows how we can spend the money better

The Chubb review talks optimistically about ‘carbon credits’, but we wouldn’t need so many if we weren’t building so many new sources of pollution.

Like Ebenezer Scrooge visiting the site of his neglected gravestone with the Ghost of Christmas Yet to Come, Australia’s gas industry has realised it has so comprehensively screwed Australians over with its greed that few will mourn its passing. It’s hard to overstate just how badly gas companies and governments have botched the management of

When you reduce the revenue available to fund government services, you inevitably increase inequality

Just as a fish can’t taste the water it swims in, it is hard for Australians to notice how bizarre our climate and energy policy debates have become. We have seemingly abandoned economics, climate science and even opinion polling when it comes to identifying options for reform. The only way forward is what the fossil

The anti-protest laws that have swept the country are a threat to us all, even if you’ve never attended a protest in your life. Governments are writing and passing laws which authorise companies to legally cause harm to our community and environment, while jailing individuals seeking to stop such harm through non-violent protest. The draconian

The spot price for squirrel glider credits in New South Wales last month was $425. That was down a touch from $450 in August, when koala credits were going for $600 – they’d more than tripled since June.

The build up of savings during the pandemic is over – now we need strong income growth to keep the economy going as the Reserve Bank tries to slow it.

If a flight is so short you don’t have time to finish your complementary cheese and biscuits before having your rubbish whisked away for landing, chances are there’s a more environmentally friendly and convenient way of getting to where you’re going. The French Government’s recent decision to ban short haul domestic flights between cities that

For most of this year, the warnings and news about inflation have been one of hope for the best but experience the worst. Predictions of future inflation growth have continually been revised upwards and with it has been the suggestion that interest rates need to keep rising.