The economy (it still exists)
For housing affordability to improve, wages must grow faster than house prices.
On this episode of Dollars & Sense, Elinor returns to discover the economy does in fact still exist, before her and Greg discuss the latest wage data, house prices and Trump blinking on his China tariffs.
This discussion was recorded on Thursday 15 May 2025 and things may have changed since recording.
Order ‘After America: Australia and the new world order’ or become a foundation subscriber to Vantage Point at australiainstitute.org.au/store.
Host: Greg Jericho, Chief Economist, the Australia Institute and Centre for Future Work // @grogsgamut
Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek
Show notes:
‘Australia’s wage growth remains solid. But now the recovery needs to be sustained’ by Greg Jericho, Guardian Australia (May 2025)
Economist busts myths on QandA | Richard Denniss highlights, the Australia Institute (April 2025)
It’s impossible to be single and save for a deposit in Sydney – no matter how good your job is by Greg Jericho, the Australia Institute (April 2025)
Theme music: Blue Dot Sessions
We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au.
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
BREAKING: Australia’s housing market still cooked
Even the Mathias Cormann-led OECD says the capital gains tax discount and negative gearing are a problem.
Are record property prices on the way (again)?
On the back of ongoing tax concessions primarily benefitting the wealthiest and the government’s five per cent deposit scheme for first home buyers, Australia has just broken a new record for average home loan size.
It’s time to tax gas properly
Until a 25% gas export tax is put in place, Australians are missing out on billions every year that could be used to support people through the living standards crisis.