Hosted and created by Senior Finance Reporter Gillian Bowen, Making Money Easy looks at finance and economic news and, with the help of some prominent economists and experts, breaks it down to what you need to know. The discussions in this podcast do not refer to your individual circumstances and do not give individual financial advice. You should seek your own independent advice, relevant to you, when making financial decisions.
We'e got the latest data on consumer prices. So what's going up and what's coming down? And how does all this play into the September RBA interest rate decision. It's a big month - it's the last time Governor Philip Lowe will be in charge before he hands over the top job to Michele Bullock. We take a look at what she's likely to focus on and just how big the job ahead is. On the list: inflation, implementing changes from the RBA Review and climate change to name a few. We've packed a lot into 16 minutes! CommBank Senior Economist Belinda Allen joins Gillian to discuss.See omnystudio.com/listener for privacy information.
The latest Intergenerational Report is out. It's a large document released by Treasury which projects the outlook of the economy and the Australian Government's budget. The 2023 report looks ahead to 2062-63. This episode goes through the key takeaways (your tax future, your superannuation future, your working future, your old age future, your climate change future) and the predicted impacts on the lives of Australians in the decades to come. Some of the scenarios are 'big, dark and scary'. So what can be done now to make a better future? As always - it's a spirited discussion when Gillian has on finance and money commentator, author and head of strategy at InvestSmart, Evan Lucas. Read The Intergenerational ReportSee omnystudio.com/listener for privacy information.
There's been a slight increase in the number of unemployed people (36,000 people) but there's also slight positive. Putting up interest rates while unemployment is worsening, is unlikely to sit right with the Reserve Bank. The economists this episode explain why. We also examine the latest average weekly earnings. They're on the rise. So which state is performing best? Which job? And women are ticking ahead - we reveal why. With jobs and earnings data now to consider - we explain what's likely to happen at Philip Lowe's last RBA board meeting as Governor. AMP Australia Deputy Chief Economist Diana Mousina and St George Bank Senior Economist Jarek Kowcza join Gillian for this look under the economic hood.See omnystudio.com/listener for privacy information.
The August RBA rates decision, the latest lending data and the Australians working multiple jobs to make ends meet - there's a lot to unpack in this episode of Making Money Easy. Find out why one of my economists thinks the RBA is now finished with hiking interest rates. We reveal one of the biggest surprises in the economy this year and what economists have got wrong. It's a good, deep and meaningful chin-wag, complete with multiple laughs. Barrenjoey Chief Economist Jo Masters and Bank of Queensland Chief Economst Peter Munckton join Gillian to explain.See omnystudio.com/listener for privacy information.
There are a lot of lags in the economy right now. The cost of a bag of chips is a good example. The impact of multiple RBA rate hikes on mortgage holders now coming off fixed rates is another. Some of the lags are really hurting. This episode we explore the impact of lags, and whether the RBA will take any of them into account when it makes its August interest rate decision. While some economists think it's a flip of the coin, they are agreed we're not far from the top of the hiking cycle. Analysis of the latest inflation data is a good place to start in understanding how the economy is performing and where consumers are feeling it. And maybe, just maybe - the data is telling us to stay away from the carbs ;-) Barrenjoey Senior Economist Johnathan McMenamin and Impact Economics, Economics Manager Emma Grey join Gillian to explain. Click here to see the Australian Bureau of Statistics Graph Measuring What Matters StatementSee omnystudio.com/listener for privacy information.
The number of new jobs that popped into the Australian economy in June was a surprise. One of our economists this episode has even described the result as 'stellar'. So the big question - will all these extra jobs and the money they deliver consumers, help or fuel inflation? We take a look. We also reveal WHO will lead the Reserve Bank going forward. What are her views on interest rates and inflation? How will the RBA look different? What is the job ahead? Plus - intel on when the next rate rise will be and the coming CUTS. And we go beyond the headlines when it comes to the cost of living crisis - thanks to data from Australia's biggest bank. Who is floundering? Who has all the savings? And WHAT are the big events we just can't help but spend on. CommBank Chief Economist Stephen Halmarick and RBC Capital Markets Chief Economist Su-Lin Ong join Gillian to explain. How the Reserve Bank overhaul will impact you See omnystudio.com/listener for privacy information.
So the Reserve Bank is taking an opportunity to get some more economic information - thank goodness says mortgage holders who are really starting to feel the results of 12 interest rate hikes since May 2022. The official cash rate remained ON HOLD for July but don't relax just yet. Find out why a rate hike is likely in August. We've got some shock housing figures, the latest on lending in Australia, an update on 'asking rents' and a great discussion on how childcare HELPS the economy - topical considering recent research by the Consumer Watchdog (ACCC) which confirmed childcare fees rose faster than inflation and wage growth during the past four years. Learn how childcare allows Australia to grab some labour hours - from working parents - back into the economy. ANZ Senior Economist Adelaide Timbrell and CommBank Economist Stephen Wu join Gillian to explain. See omnystudio.com/listener for privacy information.
There's been a bit of a win - consumers are tightening their belts. The monthly Consumer Price Index (CPI) indicator rose 5.6 per cent in the 12 months to May 2023. According to the Bureau of Statistics - that's the smallest increase since April last year. This episode the experts tackle the big question - is inflation going down fast enough to satisfy the Reserve Bank. And it's a crucial one to answer with the July RBA board meeting upon us. And happy new financial year. There's a key change about to be rolled out on wages while the experts explain how to use enterprise agreements and rents to predict what's coming down the inflation pipeline. Independent Economist Nicki Hutley and Economics Editor at The Conversation and visiting fellow at The Crawford School of Public Policy Peter Martin, join Gillian to explain.See omnystudio.com/listener for privacy information.
There's a sector shedding jobs in Australia right now, so what can it tell us about the economy and whether things are starting to turn in the labour market. This episode we look at how to use the data to see what's around the corner. The Reserve Bank will be looking too. We can also tell you what the RBA was, and wasn't saying, around the board room table when it decided to hike interest rates in June. Plus the impacts of state budgets and why it could make the RBA's job a little harder. There's also talk of the triple-A credit rating for NSW being at risk - we get to the truth of it and the impact on taxpayers if it does get downgraded. There's plenty to learn. Join Westpac Group Economist Jameson Coombs as he explains to Gillian. See omnystudio.com/listener for privacy information.
A central bank has decided to keep interest rates on hold - what does it mean for Australia and will it inspire the Reserve Bank to follow suit? One of our neighbours is in recession. We explore the impacts here, if Australia is on the path to the same thing and if a recession can help inflation. There are a lot of things at play right now in the economy - including a strong labour market - and boy is it complicated. This episode will help you understand what's going on. Plus we've got details on Australia's population - can you guess where everyone is moving domestically? Impact Economics Lead Economist Angela Jackson and Head of Australian Economics at ANZ Adam Boyton joins Gillian to explain.See omnystudio.com/listener for privacy information.
Interest rates has been hiked again. This episode we take a look at the unevenness of the Reserve Bank's main tool to curb high inflation. How are mortgage holders coping and why the RBA is pushing ahead with short term pain, for long term gain. We explain another way to tackle inflation that's NOT interest rates, explain why house prices are rising in the face of rising rates, and why a slowing economy is a good news story. Plus - learn something new: we explain unit labour costs. Who cares you say? Well it's directly linked to you as a worker or as a business owner and the RBA is WATCHING it. ANZ Senior Economist Felicity Emmett and Westpac Group Senior Economist Pat Bustamante join Gillian to explain.See omnystudio.com/listener for privacy information.
The monthly inflation figures are out. We pick apart the story behind the high prices, who's doing what and why my economists don't think inflation expectations are out of hand in Australia. Plus - revenge spending - what's that and why is it happening right now. We take a look at the impact of the latest economic data on the pending June Reserve Bank Board meeting - HINT - a risk of another rate rise is HIGH. And can you become more productive? The RBA Governor has been talking about wage rises and productivity, but the experts this episode aren't convinced it's an issue. Bank of Queensland Chief Economist Peter Munckton and AMP Deputy Chief Economist Diana Mousina join Gillian to explainSee omnystudio.com/listener for privacy information.
Cost of living is front and centre right now so here's an episode to help you discover how to bust some bills. Have you noticed increases in your phone plan? How about home and car insurance premiums? Energy bills are an obvious one. We take you through the benefits of comparison websites, the pros and cons of bundling. and tips on how to work out if you're getting a bad deal. Plus, have you looked at what energy rebates you might qualify for? One state is paying its households $250 just for visiting its energy comparison site! OneBigSwitch Campaigner and Easy Money: 7 steps to Bust Your Bills author Joel Gibson joins Gillian to explain. Joel's Twitter Joel's TikTok energymadeeasy.gov.au Victorian Energy CompareSee omnystudio.com/listener for privacy information.
So the dust has settled since Federal Treasurer Jim Chalmers handed down the May Budget. Making Money Easy thinks this is the best time for a bit of in-depth analysis of what's in it and its impact. This episode's economists explain what they like about it, where the Treasurer could have gone further and the impact of this economic plan on inflation. Plus - how did we get a surplus? Does it really matter? Is it a one-off? You won't find any winners and losers analysis here - instead the experts highlight danger zones and the role of this budget, in any future reform plans. EY Oceania Chief Economist Cherelle Murphy and Market Economics Managing Director Stephen Koukoulas join Gillian to explain.See omnystudio.com/listener for privacy information.
There's been a shock move - and it's not Gillian on the dancefloor. The Reserve Bank Board decided to lift rates at its May meeting despite many an economist forecasting a pause. So what's going on - this episode we explain the thinking from the RBA and the impact of the rate hike. Plus, the other big economic 'thing' on the horizon - the Federal Budget. What can we expect and what are economists looking for. Superannuation changes, welfare support and the petroleum resource rent tax (PRRT)* are among some of the measures under the spotlight. Manager Economics, Impact Economics Emma Grey and Barrenjoey Senior Economist Johnathan McMenamin join Gillian to explain. *This episode was recorded, just ahead of the announcement by the Government confirming its changes to the PRRT.See omnystudio.com/listener for privacy information.
So there's been a slowing down in the rate of inflation but don't go celebrating in the streets just yet - the cost of living is still intense. This episode takes you through how consumers are still being impacted despite signs of improvement. From rents, electricity and medical services to those spending up big on domestic travel and accommodation - we explain the wealth inequality in parts of the Australian economy. Plus the May interest rate decision is pending - what's coming your way this month AND in August. And we've the latest ANZ research on the housing market that will leave you surprised, or actually - maybe it's just what you expect from property prices in this country. ANZ Senior Economist Adelaide Timbrell joins Gillian to explain.See omnystudio.com/listener for privacy information.
A major shake-up is coming for the Reserve Bank of Australia after its first review in decades. The episode picks apart the 51 recommendations and explains how they impact YOU. When all the changes are rolled out - the RBA should be more transparent when it comes to decision making, have less meetings and even regular news conferences to explain what's what. We also answer the critical question - if there are less interest rate meetings, will your personal bank move on its own when it comes to rates? If you haven't read about what's coming - listen to Making Money Easy for a sprinkling of what you need to know, now. Head of strategy at InvestSMART and Mind Over Money author Evan Lucas joins Gillian to explain. Here's the episode on Evan's book from Season 2: 'Mind Over Money'See omnystudio.com/listener for privacy information.
There are some key economies forecast to go into recession - what will be the impact on Australia. Unemployment remains near record lows - so that's a plus, for now. And women are participating in the workforce like never before. So what's the story with household income and its struggle to cover high inflation, as well as rising interest rates and taxes. Another thing is on the rise - the number of international students returning Down Under. What does this mean for the housing market? And on housing - we've got the latest ANZ Property Council report to go through. Plus - why my economists this episode are split on whether the Reserve Ban will raise or pause rates in May. ANZ Senior Economist Felicity Emmett and CommBank Economist Stephen Wu join Gillian to tell this economic story.See omnystudio.com/listener for privacy information.
So after 10 months of interest rates hikes - the Reserve Bank has decided to PAUSE. Find out the impact for the economy, consumers, renters and mortgage holders. One of our experts this episode worked at the RBA - find out why he thinks it's now suffering from 'confusion-driven paralysis'. Plus we reveal the economy crystal ball - did you know it's possible to see the future, find out where to look. And we examine the housing situation (shortages, prices, construction) in Australia. Hear why one of my experts thinks we're not building enough houses, building others in the wrong places and what's getting in the way. What can be done to help? The Centre for Independent Studies Chief Economist Peter Tulip, and Economy Editor, The Conversation and Crawford School of Public Policy Peter Martin join Gillian to explain. Peter Tulip's housing paperSee omnystudio.com/listener for privacy information.
If you've been cutting back on your spending, it appears to be paying off. The latest look at the cost of living shows a slight improvement - notice the word slight. And that is encouraging news ahead of the April interest rates decision. My economists this week reveal why they're forecasting a pause. But keep listening to find out how long that pause will last. Job vacancies are also out and worth analysising. And we've got a rare 20 year snapshot from the Australian Bureau of Statistics on Permanent Migration. It's really interesting reading/listening. We ask the big questions - what has it done for the economy, is the flow right, what's the impact on essential services (housing, health, roads) and how will it impact on inflation into the future. CommBank Chief Economist Stephen Halmarick and Westpac Group Senior Economist Jarek Kowcza join Gillian to discuss. ABS Permanent Migration ReleaseSee omnystudio.com/listener for privacy information.
A huge amount of fixed rate mortages are about to expire - almost a million this year alone. There's also a tussle underway as the banks compete for customers looking for the best refinancing deal. This episode we take a look at the impact on mortgage holders - from those on fixed rates, to those locked in 'mortgage prison', to those on variable loans facing into at least 10 interest rate hikes in a row. We analyse the rates on offer at the moment, what a 'good deal' looks like (and how to haggle) and what to do if you're in financial stress. And we haven't forgotten the SAVERS. Find out what's being offered to them now interest rates are on the rise, and how to do a health check on your savings account. RateCity Research Director Sally Tindall joins Gillian to explain this intriguing data story. Linked Episode: How to avoid 'mortgage prison' Resources for people in financial stress (thanks RateCity for compiling these): National Debt Helpline: 1800 007 007 Good Shepherd no interest loans Services Australia Payment and Service Finder State-based resources: Service NSW Savings Finder Service Victoria Savings Finder Queensland Govt Concessions Finder SA Govt Concessions Finder Concessions WA Concessions NT Tasmanian Govt Discounts and Concessions ACT Savings Finder See omnystudio.com/listener for privacy information.
Did you get a whiff of some banks overseas being in trouble and then see sharemarkets react? This episode explains what's going on and why investors get jittery. Plus, what does it mean for Australia's banks and economy. We take a look at the nation's productivity and why it's on the agenda. Is it possible to work any harder, what's getting in the way of being more productive and what happens if we don't. Plus, the February unemployment figure is out - it's back at a record low, so will that mean a rate hike or is a PAUSE still on the cards at the next Reserve Bank Board meeting. CommBank Senior Economist Kristina Clifton and Westpac Group Economist Jameson Coombs join Gillian to explain. email: makingmoneyeasy2021@outlook.comSee omnystudio.com/listener for privacy information.
Did you think when the Reserve Bank started lifting rates in May last year - we'd have 10 in a row? This episode of Making Money Easy dives into the March hike, how economists feel about the multiple lifts and what did the the RBA Governor mean exactly when he said 'we are closer to the point where it will be appropriate to pause interest rate increases to allow more time to assess the state of the economy.' We dive into data from Australia's biggest bank to see how customers are doing and find out what ELSE is going on in the economy that's worth knowing about BESIDES interest rates. Think population growth, China reopening and the return of foreign students. Barrenjoey Chief Economist Jo Masters and CommBank Senior Economist Belinda Allen join Gillian to explain. See omnystudio.com/listener for privacy information.
The March Reserve Bank Board meeting is upon us - so what economic data is going to be KEY to its decision on interest rates? This episode examines what's at play, from economic growth and retail spending to household savings, building approvals and monthly CPI. It's a passionate discussion as we get 'deep and meaningful' about the economy and why people are still spending. Plus we ask, and try to answer, if we've managed to 'build back better' post COVID. Whatever happens - the economy is at a 'crunch point' - so is a recession coming or not? Impact Economics Lead Economist Angela Jackson and Independent Economist Nicki Hutley join Gillian to explain. Email: makingmoneyeasy2021@outlook.comSee omnystudio.com/listener for privacy information.
Plenty of big companies have released their company's results in the past 7 days, giving a useful insight into the behaviour of consumers. From the big supermarkets, to takeaway chains and airlines - what are we up to when it comes to spending? And how does that impact inflation and future rate rises? Plus, want to know what's going on with your wage and earnings? We've got that data too. And we explain why your wage not keeping up with the surging cost of living right now, is a positive. We take a look at why superannuation is on the radar, and some STARTLING figures about the more than a million households facing increasing mortgage repayments. Stephen Koukoulas, Market Economics Managing Director and Diana Mousina, AMP Australia Senior Economist join Gillian to explain.See omnystudio.com/listener for privacy information.
Find out what a slight rise in the unemployment rate means for the Australian economy and why this episode's economists aren't too worried about a significant deterioration. We've got the latest data on international visitors Down Under and how it'll help small businesses and companies looking for workers. The PAIN coming for renters and why we can't forget about them in the interest rates/inflation discussion. Find out whether mortgagees are falling behind on minimum repayments and an update on the wage-price spiral. It's a packed 22 minutes. ANZ Senior Economist Catherine Birch and Westpac Group Senior Economist Pat Bustamante join Gillian to explain.See omnystudio.com/listener for privacy information.
Nine months in a row of interest rate hikes. We've got the lowdown on why the Reserve Bank isn't shying away from making plenty of households uncomfortable while it tries to bring down high inflation. We explain why the RBA is ok with that, and where to look to see if the multiple rate rises (and the upcoming ones) are working. Plus, there's an update on unemployment on Thursday. The labour market is really tight - how will what happens impact the next RBA decision. We dive into what would be the RBA's nightmare scenario. Also what are the chances of receision and will you feel it? Peter Munckton, Bank of Queensland Chief Economist and Emma Grey, Manager Economics at Impact Economics join Gillian to explain. National Debt HelplineSee omnystudio.com/listener for privacy information.
The RBA is about to have its first meeting of 2023. This episode of Making Money Easy uses the latest economic data to explain what will happen on Tuesday and how it'll be felt by households, consumers and businesses. Plus, find out where the economists expect interest rates to be by the middle of the year. Also, did you know the price of 76% of your day to day goods are moving up too quickly - hear what that means for YOU, what relief is ahead, and why there are signs inflation may have peaked. Plus a pep talk for consumers and there's something for SAVERS. ANZ Senior Economist Adelaide Timbrell and Barrenjoey Senior Economist Johnathan McMenamin join Gillian for a jam-packed Episode 1 of Season 3. See omnystudio.com/listener for privacy information.
This may be the last episode of Making Money Easy for the 2022 but there's still plenty of economic data to pick apart. The latest unemployment figures, what older workers are up to, Australia's latest population figures and the Federal Government's plan to keep energy prices lower. Plus we reveal the states where the most people are moving to, and why you need to keep your eyes wide open in 2023. Also the topic on everyone's minds - what will the Reserve Bank do with all this data at its first board meeting next year. Bank of Queensland Chief Economist Peter Munckton and St. George Bank Senior Economist Jarek Kowcza join Gillian to explain.See omnystudio.com/listener for privacy information.
Yes we pick apart the latest interest rates decision by the Reserve Bank but as we wrap up the year ...what's over the horizon in 2023? My economists in this episode of Making Money Easy have an idea. Plus what's going on with the savings buffers of Australian households - we've got the latest data. We reveal if the economy is growing or not. And what's going on with the price of coal? How is it helping the Federal Budget's bottom line and how long will it last as we transition to net zero. There's plenty to learn about how the latest economic movements impact YOU. Independent Economist Nicki Hutley and CommBank Economist Stephen Wu join Gillian to explain. Don't forget to FOLLOW the pod. See omnystudio.com/listener for privacy information.
There's a lot of good data informing out interest rate crystal ball this week. Monthly inflation data has turned slightly lower and the latest retail spending figures show consumers are starting to open their wallets less. There's a chance the Reserve Bank is about to hit pause on interest rates rises after multiple hikes since May. Mortgage holders will be cheering, savers will be wanting them to keep going. But inflation is still VERY high, so why would the RBA stop? One of the economists this episode thinks, the RBA doesn't want its fingerprints on a 2023 Australian recession. We also find out why the RBA Governor is apologising to mortgage holders, and how house prices will look next year. St George Bank Chief Economist Besa Deda and Market Economics Managing Director Stephen Koukoulas join Gillian to explain.See omnystudio.com/listener for privacy information.
You might want a wage rise right now but the Reserve Bank Governor is rejecting the idea for the sake of the economy. So is he on the money and how realistic are his expectations of Australians to stop asking for one, to help stop rising inflation? The bigger question is what will inflation look like in the future? My economists this episode have some really good insights AND on the impact of climate change on rising prices as the world transitions. Plus - we consider the sort of Christmas present the RBA is considering giving to consumers at its last board meeting of the year. Lead Economist at Impact Economics Angela Jackson and EY Chief Economist Cherelle Murphy join Gillian to explain.See omnystudio.com/listener for privacy information.
Unemployment in Australia has returned to its lowest level in almost 50 years. People looking for full time jobs are snapping them up faster than part-timers but there are still plenty of vacancies. So what are the surprise industries calling out for workers? And how is it impacting small businesses? Plus - there's been a jump in wages but is it actually being felt in the right way. We take a look at what's fuelled the increase and what the RBA will DO with all this economic data.. Plus can you believe there are now 8 billion people in the world? This episode takes a look at the good, the bad and the ugly of that. St. George Senior Economist Pat Bustamante and Emma Grey, Manager of Economics, Impact Economics join Gillian to explain.See omnystudio.com/listener for privacy information.
So consumers are feeling as bad as they would, if we were in an actual recession. Australians are employed at record levels, economic conditions are pretty strong but sentiment is glum. You might think that's bad - but one of my experts this episode argues consumers feeling glum right now is a victory. Huh? Hint - it's linked to rising prices. We've also got the latest on the state of mortgages after the full year results of two of the Big 4 banks. And differing views on rates - one thinks there'll be only one rise next year while the other thinks there'll be multiple. Welcome to the world of forecasting. ANZ Senior Economist Adelaide Timbrell and Peter Martin, the Economy Editor at The Conversation and a Visiting Fellow at the Crawford School of Public Policy join Gillian to explain. Find out more Gillian here.See omnystudio.com/listener for privacy information.
Interest rates may still be rising and mortgage holders are yet to feel the full pain of them but this week's expert still believes Australia is the best place to be right now. In this one-on-one with CommBank Chief Economist Stephen Halmarick, we explore the latest Reserve Bank rate hike, the financial strain coming for Australians and what major economies are heading for recession next year. Prices-wages spiral - do you know what that is? It's on the RBA's radar. We find out what it is and how Australia can avoid it. Plus Stephen has written his own list on what needs to change at the RBA to make it better for us all. Find out what he thinks the pending RBA review should roll out. Find out more about Gillian here.See omnystudio.com/listener for privacy information.
Federal Budget analysis - there's so much of it but now the dust has settled, are you ready to find out what it means for you and the Australian economy? What about the impact of the budget on inflation, your job, your wage, your grocery and energy bills and future interest rate rises. There's a lot to digest and some of it isn't pretty, especially with the looming impact of possible recessions in key economies overseas. And how does all this play into the MAY Federal Budget (it's not that far away!!) and the difficult financial decisions ahead for all of us. Barrenjoey Senior Economist and self-described 'budget nerd' Johnathan McMenamin and ANZ Senior Economist Felicity Emmett join Gillian to drill down into these important topics. Find out more about Gillian here.See omnystudio.com/listener for privacy information.
Let's dive into money behaviour and why understanding it will improve your financial freedom. Sound too tricky? It's not! Mind Over Money author Evan Lucas has done all the hard work and written an easy-to-read book to help. To give you a taste, Gillian and Evan pick apart what drives your money decisions and why your finances are intertwined with your emotions, learned behaviours and biases. Evan's argument is - if you can understand WHY you do what you do when it comes to money and reflect on whether it's the best decision - it's a ticket to financial freedom. Mind Over Money describes itself as a ‘life-changing book' - have a listen as Gillian finds out just what that means. Find out more about Gillian here.See omnystudio.com/listener for privacy information.
There's a lot of gloom and doom talk surrounding the Australian and global economy right now. The Federal Treasurer Jim Chalmers has headed overseas to attend a key finance ministers' meeting to get more information about what's going on while the International Monetary Fund has released its latest updates on what we're facing. But there's more to this story. As the ANZ Chief Executive says, Australians have never been wealthier, never had more liquid assets, never been healthier or more employed. This episode Gillian gets to the bottom of what's going on and if a Recession is on the cards, with the help of Barrenjoey Chief Economist Jo Masters and ANZ Senior Economist Catherine Birch. And find out what ELSE the Reserve Bank does besides hike interest rates. Find out more about Gillian here.See omnystudio.com/listener for privacy information.
We've had a smaller interest rate hike from the RBA but don't let that fool you - the hiking cycle is NOT OVER YET. Despite 6 rises in a row, inflation is still way too high. We've got the latest figures on the cost of your groceries and when prices may start to budge. Plus which supply chains are starting to improve and how that's impacting those building homes. We dive into the real reason house prices are falling and what it means for owners and buyers. And get ready for the October Federal Budget - why is there so much talk right now about taxes. Bank of Queensland Chief Economist Peter Munckton and CommBank Senior Economist Kristina Clifton join Gillian to explain. Find out more about Gillian here.See omnystudio.com/listener for privacy information.
We're living longer but are you prepared for what that might look like if you lose your capacity to make decisions for example through a condition such as dementia or an accident? What about if it happens to your loved ones? That's where Power of Attorney comes in. This episode we take a look at what it is, how it works, legally and the best person to choose to make your financial and life decisions. Plus how it can go wrong and what to do to avoid conflict. Don't think this is just an OLD PERSON issue - anything could happen to you at any time. Whoa let's not scare each other but it's good to be informed as no one wants to end up in unnecessary financial strife. Anna Hacker, General Manager - Estate Planning at Australian Unity and Anita Bartfeld, Barrister - Victorian Bar join Gillian to explain. Links to websites mentioned in the episode: Office of the public advocate (OPA) https://www.publicadvocate.vic.gov.au/ Civil and administrative tribunals: NCAT: https://www.ncat.nsw.gov.au/ VCAT: https://www.vcat.vic.gov.au/ QCAT: https://www.qcat.qld.gov.au/ WA SAT: https://www.sat.justice.wa.gov.au/ TASCAT: https://tascat.tas.gov.au/ SACAT: https://www.sacat.sa.gov.au/ ACAT: https://www.acat.act.gov.au/ See omnystudio.com/listener for privacy information.
Want to know what the vibe is with the Australian economy right now? This is the episode for you. We pick apart the recent economic news and data and the latest speeches and comments from the Reserve Bank Governor and Deputy Governor and give you the ANSWER. Plus should we be worried the RBA is in 'negative equity' - heck what does that even mean? We check in on the latest on inflation, Australia's population, the childcare price inquiry AND are you ready for the cut in the fuel excise to end? What's coming to a bowser near you. CommBank Senior Economist Belinda Allen and Impact Economics Lead Economist Angela Jackson join Gillian for this jam packed chat. Find out more about Gillian here.See omnystudio.com/listener for privacy information.
Do you have a link in the bio of your social media accounts? Here's my instagram if you want to know I mean. Ever wondered about one of the main companies behind it? LinkTree - is the brainchild of Australians Anthony Zaccaria, Alex Zaccaria and Nick Humphreys. Founded in 2016, and the first of its kind, Linktree is now utilised by more than 25 million users globally including TikTok, Selena Gomez, Red Bull, Alicia Keys, Facebook, the Los Angeles Clippers, Jessica Alba, Comedy Central and HBO. When your life online can be fragmented, think of LinkTree as a link that does it all. So how did it all come about? What's it like being an Aussie extrepreneur on a global stage? How about being known as a social media tech start-up 'unicorn'? This episode we pick the brain of LinkTree Co-Founder Anthony Zaccaria. There are tips for wanna-be entrepreneurs, what to do if you have a GREAT IDEA, how to find the right people to learn from, using your profit to grow the business, surprises and the biggest challenge of all - REDUNDANCIES. It's a must-listen. Click here for Gillian's LinkTree.See omnystudio.com/listener for privacy information.
Five months in a row of hikes - you feeling it yet and what's ahead? If you're a mortgage holder - listen up - it's not about you! Want to find out WHY?! Listen to this episode of Making Money Easy. We've also got the latest on how the hikes are impacting inflation and when you'll start to notice a difference on prices. Plus there's been a Jobs Summit in Canberra - hosted by the new Albanese Labor Government. There are some solid actions that will impact YOU, your children, your siblings, your friends, your colleagues - find out HOW. This is a must-listen episode too on why it's worth reporting gender pay gaps - we wonder what Federal Parliament's will look like?! Our brains this episode - Stephen Koukoulas, Managing Director at Market Economics and Adelaide Timbrell - Senior Economist at ANZ Bank. Find out more about Gillian here.See omnystudio.com/listener for privacy information.
When did you learn what you know about money? How did you learn the basics and from WHO? Is the knowledge you have - any good? For many Australians - particularly teenage girls and young women - they leave home with no idea how to manage their money. This episode we meet Michelle Bowes - a personal finance writer. She's written a book for teenage girls called MONEY QUEENS. It's ‘full of tips and tools to help you avoid the gaps, traps and mishaps of money management.' Among the useful topics: saving, budgeting, credit cards, BNPL, super and investing. Listen along as Gillian and Michelle take you on a learning journey. To find out more about Money Queens click here - it's a great read (even for parents!) Find out more about Gillian here.See omnystudio.com/listener for privacy information.
The RBA rate rises and your bank passing them on, have been coming thick and fast. This episode of Making Money Easy dives into what the increases mean for your repayments, what a 'good rate' looks like in August 2022, how to get a good deal, the cost of loyalty (or laziness), the latest forecasts on what the Reserve Bank will do next and what's ahead for HOUSE PRICES (it'll shock you). Plus, how mortgage holders who managed to nab a low fixed rate during the pandemic can make sure they're not getting short-changed when it expires. There's a lot packed into 30 minutes! RateCity Research Director Sally Tindall joins Gillian to explain. Find out more about Gillian here.See omnystudio.com/listener for privacy information.
Residential vs commercial property. How much do you know about how it all works? Which one is BETTER? There are plenty of people who want to increase their cash flow in the face of rising interest rates and inflation but don't know how to get ahead. Positive gearing vs negative gearing? Know the difference and how to make it work for you? What about future proofing your portfolio - heck how do you even get a portfolio?! This episode's guests say there ARE opportunities in this current environment and the key is EDUCATION (and unlearning some habits). On one side is Helen Tarrant - a commercial property buyer's agent and founder of Unikorn which she set up to educate and enable everyday Australians to build passive income and increase cashflow through commercial property. On the other is Lloyd Edge - a residential buyer's agent and the Founder of Aus Property Professionals. This explainer will really get you thinking about the property market. Find out more about Helen and her resources here. You can find links to Lloyd's books 'Positively Geared' and 'Buy Now' through his company's website. Find out more about Gillian here. FOR CONTEXT: this episode was recorded on the morning of the July rate rate.See omnystudio.com/listener for privacy information.
Consumers are funny. Their confidence levels are like we're in a recession and yet they're still spending up a storm despite the fourth interest rate hike in a row. So what does the Reserve Bank think about the behaviour, especially as it tries with all its might to bring down soaring inflation? And how bad is the financial 'stress' at the moment (remember unemployment is at record lows). Plus the latest productivity snapshot is out ...how do you think Australians have been performing? We dive into the result and what's holding us back. St George Bank Chief Economist Best Deda and Barrenjoey Senior Economist Johnathan McMenamin join Gillian for this insightful discussion. Find out more about Gillian here.See omnystudio.com/listener for privacy information.
Inflation is so hot right now. The rise in June 2022 is the second highest since the introduction of the Goods and Services Tax (GST) in July 2000. Ouch. The latest CPI shows the price of goods is rising more strongly than services - so you'll definitely be noticing it in your food bill, your essentials. This episode we pick apart the rises, the impact, and what's ahead for YOU. Plus - the Federal Treasurer has updated Australians about the state of the economy ...and he paints a 'confronting' picture. And as the Reserve Bank prepares for another interest rate decision, we look at what the pending review of the organisation will look like. The brains - EY Oceania Chief Economist Cherelle Murphy and Business and Economy Editor at The Conversation and Visiting Fellow at The Crawford School of Public Policy Peter Martin. Find out more about Gillian here. And apologies for Peter's DOG in the first half - it's gone by the second, so stick with us.See omnystudio.com/listener for privacy information.
Are you a sharemarket old hand or thinking about getting involved and don't know where to start. In this episode of Making Money Easy - Gillian picks the brain of Louise Bedford - a share market guru and author of FIVE books, a behavioural finance expert and trader trainer and mentor. They explore what's holding people back, the importance of education, and entry and exit plans. Plus - why you should have a trading mentor and how to work out if they're the right 'expert' helping you - qualifications matter! And before long - the chat dived in a deep chat about how people interact with money and why people make the money decisions they do. To find out more about Louise head to her website: tradinggame.com.au Find out more about Gillian here.See omnystudio.com/listener for privacy information.
What a strong unemployment result for June 2022! You're now living in a time when the unemployment rate in Australia is the best it's been since the mid-1970s. As Chief Economist - and friend of the show Jo Masters puts it - there's now 1 vacancy for every unemployed person in Australia. So why are consumers and businesses feeling so glum? The result also has some economists suggesting the RBA needs to hike BIGGER than 0.5% at the August board meeting. Gillian asks BOQ Chief Economist Peter Munckton and St. George Bank Senior Economist Jarek Kowcza if they agree. PLUS - COVID is back on the topic list. How is it impacting business again...and your ability to work? If you want to follow or find out more about the #roamingozwiththebowens road trip - click here.See omnystudio.com/listener for privacy information.
Mortgage holders have been hit with a 0.5% rate hike for the second month in a row and the RBA has suggested there are more to come. The official cash rate is sitting at 1.35% in July and those with home loans are asking - how high will it go?! Our two economists - NAB's Phin Ziebell and ANZ's Catherine Birch - have analysed every word the Reserve Bank has said about this latest decision ...and Gillian picks their brains to find out what's ahead when it comes to rates and IF raising them is actually having an impact on bringing down inflation (your cost of living). PLUS - the results of the Census are out - what does it tell us about Australia right now. Find out more about Gillian hereSee omnystudio.com/listener for privacy information.
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