Ahh, it’s that time of the year again – and I don’t mean Christmas. It’s Federal Budget time. The Federal Budget that was announced on Tuesday has been labelled as ‘business-focused’, introducing a bulk of tax cuts, asset write-offs and employment incentives. Some key elements of Josh Frydenberg’s announcement included a further $98 billion in …
After getting rejected for NAB’s Vacationer Program this year, I thought it would be best to take out my frustration on them through a hit-piece cleverly disguised as an ‘unbiased article’. My attempt at misdirection is not one NAB would be too unfamiliar with. After all, their community driven ‘Introducer Program’ was simply a thinly …
A budget like no other… It’s the event of the year that has economists, accountants and investors more excited than a kid at Christmas. This week on Tuesday the 6 of October, Josh Frydenburg will announce the budget that is being predicted to be the worst budget deficit since the end of World War 2. …
So what do the new unemployment figures tell us about the Australian workforce? As some state borders begin to partially open and COVID numbers continue to decline, new figures have been released by the ABS. The slowing government funding support exposes which states are still stuck in limbo as they await the arrival of their …
Well it’s official. Australia has entered its first recession in 30 years with GDP contracting by 7% in the June quarter, putting an end to our global record. If you were born in 1992 or later (like me) then this is the first recession you’ve ever experienced and if history is anything to go by, …
Unemployment goes down… Yay!? Sorry could you repeat that, did the ABS just say unemployment has decreased? Believe it or not, the ABS figures for national unemployment levels in August saw a fall from 7.5% to 6.8%. The result is a good start but certainly not one to celebrate, considering that unemployment at pre-covid levels …
Officially in a recession Talk about finally saying what everyone was thinking! As of last week, data from the Australian Bureau of Statistics (ABS) revealed that in the three months between April and June, the economy suffered a contraction in GDP of 7%. This consequently translates to the largest quarterly fall in GDP since the …
Are you root 2? Because you make me irrational!!! Almost as irrational as the popping off of property prices before falling back in line. Similar to what Australia experienced back in the early 2000’s. But… we’re still waiting for prices to fully ‘fall back in line’. The real estate bubble refers to the economic theory …
Did somebody say tax cuts?! Earlier this week, the NSW government has announced big slashes to land tax as part of the state-wide coronavirus recovery plan. In reflection of the recent investment hesitation that still remains rampant, State Treasurer Dominic Perrottet announced that the government will tender a 50 per cent cutback in land tax …
JobKeeper has kept thousands of business afloat and workers employed… The introduction of a wage subsidy program has allowed businesses heavily impacted by the Coronavirus to cover costs of employee wages, which has served to halt spiralling unemployment figures. Particularly, payroll data shows that in the time JobKeeper was implemented, job losses have slowed down …
