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Brendan Coates, Economic Policy Program Director at the Grattan Institute, discusses the controversial program which allowed rich people from overseas to buy their way into Australia with a minimum $5 million investment.See omnystudio.com/listener for privacy information.
Rachel Notley calls it a day Guest: Stephen Carter, political strategist, president of Decide Campaign Loblaws drops 50% off expiring food Guest: Sylvain Charlebois, Director of the Agri-Foods Lab at Dalhousie University Is Canada stuck in population trap? Guest: Christopher Ragan, an Associate Professor and the founding Director of McGill University's Max Bell School of Public Policy Australia recently cut immigration targets, should Canada follow suit? Guest: Brendan Coates, Economic Policy Program Director, Grattan Institute City of Toronto's new tobogganing bans get an icy reception Guest: Brad Bradford, Toronto City Councillor The joys and pains of hyphenated names? Guest: Rachel Gutman-Wei, supervisory senior associate editor and contributor, The Atlantic
Economic Policy Program Director and former OMB official Rachel Snyderman joins podcast host Hanadi Jordan and Senior Advisor Theresa Cardinal Brown to discuss President Biden's border wall plans and whether he was legally obligated to expand the wall under appropriations allocated in 2019. Then, Theresa covers the ACLU-Biden Administration's settlement with the ACLU in a class action lawsuit over parent-child separations under then-President Trump's “zero tolerance policy.”
Housing is in crisis. Rents are surging. Interest rates continue to go up, with fears of another rate rise on the horizon. The 2023 federal Budget went some way to address the rising cost of living. But despite the increase to Rent Assistance, these policies don't go far enough to address the long-term lack of housing supply. Host Kat Clay is joined by Brendan Coates, Economic Policy Program Director, and Joey Moloney, Senior Associate, to discuss why housing was the biggest missed opportunity in the federal Budget. Read Grattan's previous work on the Social Housing Future Fund: https://grattan.edu.au/news/a-place-to-call-home-its-time-for-a-social-housing-future-fund/ Donate to Grattan: https://grattan.edu.au/donate/
The federal government recently released their Review of the Migration System. The review has revealed a broken system in dire need of reform. To quote the report, “Australia now has a migration program that fails to attract the most highly skilled migrants and fails to enable business to efficiently access workers.” But how to fix it? Discussing the report and their policy recommendations are Brendan Coates, Economic Policy Program Director, Tyler Reysenbach, Associate, with host Kat Clay. Donate to Grattan: https://grattan.edu.au/donate/ Read the Review of the Migration System: https://www.homeaffairs.gov.au/reports-and-pubs/files/review-migration-system-final-report.pdf
Less tax is paid on super savings than other forms of income. But if we want a fair and sustainable superannuation system, reform to super tax breaks is essential. On a recent podcast Grattan addressed the question of super tax breaks for balances with over $3 million. But reforming super is a much broader task, that if successful, will result in a fairer system which could repair the budget by billions. Brendan Coates, Economic Policy Program Director, and Joey Moloney, Senior Associate, discuss their new report with host Kat Clay.
One of the biggest announcements of the October federal Budget was the National Housing Accord, with the goal to build one million new, well-located homes over five years from 2024. Host Kat Clay and Economic Policy Program Director, Brendan Coates, discuss this ambitious goal, and how it could ease the housing crisis. For more information, visit: https://grattan.edu.au/
Last week, MPs, business leaders, unions, and economists met at the national Jobs and Skills Summit to discuss the future of the jobs market in Australia. High on the priority list were the skills shortages felt across Australian workplaces, increasing productivity, and improving the migration system. On this podcast, host Kat Clay interviews Grattan CEO, Danielle Wood, who gave the opening address at the summit. She is joined by Brendan Coates, Economic Policy Program Director. Read Danielle's opening remarks from the conference: https://grattan.edu.au/news/think-big-a-new-mission-statement-for-australia/
With massive worker shortages across the country, migration is expected to feature heavily in the upcoming Jobs and Skills Summit, which brings together employers, unions, and governments to discuss the economic challenges facing Australia. Business groups are demanding the permanent migration intake be lifted to at least 200,000 for the next two years. Parts of the union movement have warned against relying too heavily on temporary migration, pointing to repeated cases of exploitation of migrant workers. Watch Kat Clay, Head of Digital Communications, in conversation with Brendan Coates, Economic Policy Program Director, discuss what the migration priorities for the government should be at the summit. To read the report in discussion, visit: https://grattan.edu.au/report/fixing-temporary-skilled-migration/
Earlier in July, Australia's compulsory superannuation system turned 30 years old. Alongside Medicare – Australia's universal health insurance scheme - superannuation is held up as one of the key economic and social reforms of the Hawke-Keating Labor governments of the 1980s and early 1990s. Join Brendan Coates, Economic Policy Program Director, Joey Moloney, Senior Associate, and special guest, Emily Millane, Senior Fellow the Melbourne Law School at the University of Melbourne, as they celebrate the 30th birthday of compulsory super. They ask how superannuation first came about, what it's achieved in the 30 years since the system began, and how to make the system more equitable in the future.
The Elephant In The Room Property Podcast | Inside Australian Real Estate
With the economic headwinds caused by rising interest rates, ballooning inflation, and wage stagnation, is it time for the majority to face reality and retire the great Australian dream of home ownership? Are government initiatives enough to ease the housing affordability crisis? Will there be any real housing policy changes after the elections? What should homebuyers do as prices increase? Brendan Coates, the Economic Policy Program Director at Grattan Institute, joins us in today's episode to help us understand the economics behind the housing affordability crisis, government responses, inflation, and more. If you enjoyed the show, do like, rate, subscribe, and share us on social media and if you have your own questions you need clarity on, email us at questions@theelephantintheroom.com.au! See you in the episode! Episode Highlights: Insights on election pitches around housing [02:05] Housing shortage & the lack of first home buyers [05:19] Will Australia see any REAL housing policy changes anytime soon? [10:02] Will the rate of renters in retirement go down eventually? [16:12] The myth around the demographic of first home buyers [19:43] Western Australia's and Victoria's housing schemes [24:27] Should you worry about inflation and rising interest rates? [30:58] Financial moves homebuyers should do amid the inflation [36:49] What's driving house prices to go up? [41:15] Can we ever go back to a low-interest world? [46:50] Why have wages in Australia stagnated? [53:26] Defining productivity from an economic perspective [56:05] What's causing the inflation in Australia? [01:01:30] Does Australia have a short term migration problem? [01:05:25] About our Guest: Brendan Coates is the Economic Policy Program Director at Grattan Institute, where he leads Grattan's work on tax and transfer system reform, retirement incomes and superannuation, housing, macroeconomics, and migration. Links from the show: Ep 89: Australia's home ownership crisis Ep 124: The new normal: will your household finances hold up? Ep 153: Accessing super for home buying? Do it or don't? Ep 195: Is Australia Ready to Reopen? Grattan: Shared equity is a start… Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au Send in your questions to: questions@theelephantintheroom.com.au Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/234 If you've enjoyed this episode, don't forget to like, share, rate and subscribe for more! See omnystudio.com/listener for privacy information.
Brendan Coates, Economic Policy Program Director at Grattan Institute, said it would make people's lives a lot easier. See omnystudio.com/listener for privacy information.
Two years on from the start of the pandemic, Australia's unemployment rate is now at a near 50-year low of just 4 per cent. The share of under-employed Australians – those in work but who want more hours – is at its lowest level in more than a decade. But what is full employment? Who benefits most when unemployment is low? And what lessons should we learn from our rapid economic recovery from the pandemic? Kat Clay, Head of Digital Communications, discusses the latest Grattan report, No one left behind: why Australia should lock in full employment, with Brendan Coates, Economic Policy Program Director, and Alex Ballantyne, Senior Associate. Read the report: https://grattan.edu.au/report/no-one-left-behind-why-australia-should-lock-in-full-employment/
We talk to Brendan Coates the Economic Policy Program Director at Grattan Institute about a national shared equity scheme to help level the playing field for first home buyers and help slow down the decline in home ownership among poorer Australians of all ages. ► Subscribe here to never miss an episode: https://www.podbean.com/user-xyelbri7gupo ► INSTAGRAM: https://www.instagram.com/therealestatepodcast/?hl=en ► Facebook: https://www.facebook.com/profile.php?id=100070592715418 ► Email: myrealestatepodcast@gmail.com #sydneyproperty #Melbourneproperty #brisbaneproperty #perthproperty #sydneyrealestate
Brendan Coates the Economic Policy Program Director at Grattan Institute. Migration push for housing, accessing your super to buy a house and retired people not owning a home are some of the subjects covered. ► Subscribe here to never miss an episode: https://www.podbean.com/user-xyelbri7gupo ► INSTAGRAM: https://www.instagram.com/therealestatepodcast/?hl=en ► Facebook: https://www.facebook.com/profile.php?id=100070592715418 #sydneyproperty #Melbourneproperty #brisbaneproperty #perthproperty #sydneyrealestate
How would you feel about going shares with the government to buy your first home? Brendan Coates, the Economic Policy Program Director at the Grattan Institute, says it's time for a national shared equity housing scheme. He says several states already have shared equity schemes, but it's time for a national approach to address housing affordability. 2021 saw house prices skyrocket across Australia. Melbourne and Canberra joined Sydney to have a median house price above $1 million. Home ownership rates are falling fast. For those without access to the Bank of Mum and Dad, buying a home is now an impossible dream, one which has impacts well into retirement. On today's Briefing….how to buy your first home sooner. Todays Headlines Ukraine declares state of emergency Wild weather wreaks havoc in NSW and QLD Major construction firm could go under Roberts-Smith trial continues Tennis has a new Bad Boy Follow The Briefing DON'T FORGET TO SIGN UP FOR THE BRIEFING NEWSLETTER. LINK IS IN OUR BIO ON INSTAGRAM Instagram: @thebriefingpodcast Facebook: TheBriefingNewsAU Twitter: @TheBriefingAU See omnystudio.com/listener for privacy information.
Home ownership rates are falling fast, especially among the young and poor. For those without access to the Bank of Mum and Dad, buying a home is now an impossible dream, one which has impacts well into retirement. But what if the government could help level the playing field? Join Kat Clay, Head of Digital Communications, with Brendan Coates, Economic Policy Program Director, to talk about his latest piece of research on why it's time for a national shared equity scheme.
With US inflation at a 40-year high, who wins and who loses? Are greedy corporations to blame as some pundits are suggesting? A wide-ranging conversation with Darren Brady Nelson, Chief Economist of LibertyWorks, an Australian libertarian think tank, which also considers so-called Woke Capitalism and what's going on with China. In the second part of the show, the Grattan Institute's Economic Policy Program Director Brendan Coates explains the franking credits controversy, related to some peculiar Australian tax rules, to show host Gene Tunny. About this episode's guestsDarren Brady Nelson is an Austrian School economist and liberty evangelion as well as a C.S. Lewis and G.K. Chesterton style Christian. He is currently the Chief Economist at LibertyWorks of Brisbane Australia and a long-time policy advisor to The Heartland Institute of Chicago USA. He is also a regular commentator in traditional and online Australian and American media. Check out his full profile at Regular guests – Economics Explored.Brendan Coates is the Economic Policy Program Director at Grattan Institute, where he leads Grattan's work on tax and transfer system reform, retirement incomes and superannuation, housing, macroeconomics, and migration. He is a former macro-financial economist with the World Bank in Indonesia and consulted to the Bank in Latin America. Prior to that, he worked in the Australian Treasury in areas such as tax-transfer system reform and macro-economic forecasting, with a strong focus on the Chinese economy.Links relevant to the conversationAmericans Return to Work as Biden Administration Work Disincentives Expire, but Jobs Remain Over 7 million Below Trend | Latest | America First Policy Institute (article referring to inflation tax of $855/year for an American family associated with a 7% yearly inflation rate)Summers stumbles – John QuigginWoke Capitalism Is a Monopoly Game | Mises WireJoe Biden appears to insult Fox News reporter over inflation questionThe implications of removing refundable franking credits - Grattan InstituteChartsUS CPI inflation rate, through-the-yearUS Producer Prices inflation rate, through-the-yearUS inflation expectations - University of Michigan estimatesClarifications“Average hourly earnings for all employees on US private nonfarm payrolls increased by 5.7% year-on-year in January of 2022” (see United States Average Hourly Earnings YoY - January 2022 Data - 2007-2021 Historical) This compares with inflation running at 7.5% through-the-year. Amazon hikes average US starting pay to $18, hires for 125,000 jobs | ReutersAbbreviationsCPI Consumer Price IndexPPI Producer Price IndexCreditsThanks to Darren and Brendan for great insights and conversation, and to the show's audio engineer Josh Crotts for his assistance in producing the episode. Please get in touch with any questions, comments and suggestions by emailing us at contact@economicsexplored.com or sending a voice message via https://www.speakpipe.com/economicsexplored. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.
Part 2. Brendan Coates, Economic Policy Program Director of the Grattan Institutes and Burgernomics host Ross MacDowell discuss the history of Australian housing booms and their subsequent busts. After a bust what is negative home equity, how do the banks react to mortgagees with negative equity - do they make you sell up? What is the current risk of a housing crash? The future of mortgages.
Part 1. Brendan Coates, Economic Policy Program Director of the Grattan Institutes joins Burgernomics host Ross MacDowell to discuss why Australia is experiencing a housing price boom. Topics discussed are the effects of interest rates, bank lending policies, the Reserve Banks $4bn per week Quantitative Easing program, local government's restrictive policies limiting permits for new housing, the effects of COVID on the housing market, the home ownership market versus the rental market for those who don't qualify for mortgages, migrants demand for housing and the difficulty of younger people entering the housing market. Want to dig deeper? Check out what Brendan recommends. A Model Of The Australian Housing Market by Saunders & Tulip https://www.rba.gov.au/publications/rdp/2019/2019-01/full.html Housing Affordability. Re-Imagining The Australian Dream by Daley & Coates https://grattan.edu.au/wp-content/uploads/2018/03/901-Housing-affordability.pdf
A $20 billion Social Housing Future Fund could build 3000 new social houses every year. See omnystudio.com/listener for privacy information.
After years where inflation has been low and stable, suddenly there's lots of talk about inflation. But how worried should we be? And what does it mean for the Australian economy, for interest rates and for Australian workers' wages? Join Brendan Coates, Economic Policy Program Director, Alex Ballantyne, Senior Associate, and Kat Clay, Head of Digital Communications, as they tackle whether or not we should be worried about inflation.
The Elephant In The Room Property Podcast | Inside Australian Real Estate
With half of the country in lockdown and Sydney just completing its third month, much has been made about the vaccination targets of 70% and 80% of eligible adults being our golden ticket to freedom. How much have these lockdowns affected the economy and the nation's mental health? Will Australia's strategy for reopening do the job of balancing health outcomes with growth and prosperity for all? How well are we managing the health and the economic trade-offs - and what might the next few months look like? Grattan Institute's Economic Policy Program Director, Brendan Coates, joins us for a very colourful and informative discussion on Australia's plan to reopen, the strategy being used, how realistic it really is, the challenge with reaching the 80% vaccine rollout, plus so much more! We'll see you in the episode! Episode Highlights: How realistic & effective are the steps to reopening the country? [02:32] Is “Covid Zero” now a thing of the past? [06:09] How quickly will we be able to get everyone vaccinated? [09:20] What about the UK's decision to reopen fully with a 70% vaccination rate? [14:42] Should we have gotten Covid out in the community to avoid burning ourselves in the end? [16:02] Thoughts on Labor's negative gearing policy [17:38] The challenge of getting to an 80% vaccination rollout [19:17] Does stopping Covid rely so much on vaccinating kids? [22:36] How about top-ups and boosters? [24:37] Let's talk about vaccines available & their potency [24:56] Are we rushing vaccine shots too much just to get everyone through? [27:05] Anti-vax proponents & how much they impact the rest of the population [29:22] Did prioritizing physical health cause more mental health problems? [32:20] What we've lost to Covid, in an economic aspect [34:42] The debt impact of the pandemic [36:55] Migrant intake and impact when the borders reopen [40:49] The problem with reassuring people that the 80% rollout is our ‘ticket to freedom' [44:58] On estimate, when will we hit the 80% vaccine rollout? [48:57] Learning, observing & testing before moving to Phase D [51:31] How about people who die due to other causes that couldn't get an ICU bed? [53:52] What should be happening (that isn't) at a government level in terms of spending? [55:11] “Leaning against the wind” [58:50] Brendan's property dumbo [01:02:45] Links from the Show: Check out The Grattan Institute's Report: Race to 80 Episode 153 - Accessing Super for Home Buying? Episode 124: The New Normal: Will Your Household Finances Hold Up? Episode 89 - Australia's Home Ownership Crisis About our Guest: Brendan Coates is the Economic Policy Program Director at Grattan Institute, where he leads Grattan's work on tax and transfer system reform, retirement incomes and superannuation, housing, macroeconomics, and migration. He is a former macro-financial economist with the World Bank in Indonesia and consulted to the Bank in Latin America. Connect with Us: Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: https://linktr.ee/veronicamorgan Looking for a Mortgage Broker? www.wealthful.com.au Work with Chris: hello@wealthful.com.au Send in your questions to: questions@theelephantintheroom.com.au Find this episode on our website: https://www.theelephantintheroom.com.au/podcasts/195 If you've enjoyed this episode, don't forget to like, share, rate and subscribe for more! See omnystudio.com/listener for privacy information.
Most Australians wouldn't have given too much thought to the Reserve Bank of Australia. Apart from when it changes official interest rates following its monthly meetings, the role and importance of the RBA, and its governor Phil Lowe, is little understood or even acknowledged. But the Reserve Bank is now facing rare criticisms by leading economists for not having met its core targets for nearly a decade. And this week, international think tank the OECD has called for a review of the RBA. A call since endorsed by Treasurer Josh Frydenberg, who said he'd consider a review after the next election. And with the Federal ALP previously calling for an independent review of the Reserve Bank in April, it's increasingly likely the RBA will next year face its first independent review in 40 years. Watch Brendan Coates, Economic Policy Program Director, discuss the role of the RBA and whether it should be reviewed with Kat Clay, Head of Digital Communication. For more information, visit: https://grattan.edu.au/
The economic cost of a lockdown in a major Australian city is estimated to be nearly $1 billion a week. Lockdowns are crippling the economy, and the small business community is taking a disproportionate hit. A report published by the Australian think tank, Grattan Institute Race to 80: our best shot at living with COVID, has explained how the country could exit lockdown. Brendan Coates is the Economic Policy Program Director at Grattan Institute. Apply to be part of Survive & Thrive cast here Join the Facebook Group. Follow Mark Bouris on Instagram, LinkedIn & YouTube. Want to grow your business and stay ahead of the pack? Access Mark Bouris' Masterclasses. Got a question or comment for Mark? Send an email. See omnystudio.com/listener for privacy information.