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For many Australians, home ownership is a dream that keeps getting further and further away. Over the weekend, Labor and the Coalition announced policies they say will help more people buy their first home. But will these plans only drive house prices higher?Nour Haydar talks with economist Saul Eslake about why he thinks these policies would make matters worse
Independent economist Saul Eslake joined 3AW Drive to talk about what the incoming treasurer should prioritise in her new role.See omnystudio.com/listener for privacy information.
Parliament pushed through legislation for RBA reform which will see its board split into two. SBS Finance Editor Ricardo Gonçalves speaks with economist Saul Eslake to find out what it means for the central bank and the future direction of interest rates; plus the day on the sharemarket with Omkar Joshi from Opal Capital Management.
Parliament pushed through legislation for RBA reform which will see its board split into two. SBS Finance Editor Ricardo Gonçalves speaks with economist Saul Eslake to find out what it means for the central bank and the future direction of interest rates; plus the day on the sharemarket with Omkar Joshi from Opal Capital Management.
While Australia's standard of living slips, the state of Victoria is also in a very unhealthy budget position. See omnystudio.com/listener for privacy information.
Saul Eslake has his say.See omnystudio.com/listener for privacy information.
Guardian Australia's political editor Karen Middleton speaks with independent economist Saul Eslake about the government's attempts to deal with inflation and why prices are still so high
Saul Eslake joined Shane McInnes. See omnystudio.com/listener for privacy information.
On today's Wealth & Wisdom podcast, we're unravelling the complexities of economics and finance. With esteemed economist, Saul Eslake, we pull back the curtain on the world of inflation and interest rates. With over four decades of experience in Australian financial markets, Saul's insights are invaluable. Saul gives us the lowdown on what's really happening within the Aussie economy compared to global standards. And with the majority of us feeling the pinch from rising costs, Saul breaks inflation down into simple terms, explaining why we're so far from 'normal' and shedding light on the alarming concept of a ‘per capita recession'. We also put interest rates under the microscope. As such a crucial factor, especially rural producers with their sensitivity to rate changes, Saul offers his expert opinion on where we stand in the cycle and whether we can expect any relief soon.Tune in with Ben and Saul for a stimulating discussion about the current economic landscape.-----------------------Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.If you want to learn the principles of how to grow your family's wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.https://thefinancialbloke.com.au/
The opposition leader Peter Dutton has set migration up to be a key issue as we head to an election within a year.He says he'll slash numbers to help address overwhelming demand for housing, childcare and hospital beds.But what would life be like if immigration slowed dramatically? Today, economist Saul Eslake on population growth and whether we really need it. Featured: Saul Eslake, independent economist
Economist, Saul Eslake, joins Sean Cowan to discuss the GST floor system, with Eslake arguing it is undermining the principle of equalising fiscal capacities among Australian states. See omnystudio.com/listener for privacy information.
Australia's GST carve up is always hotly debated, but with payments set to increase in July, is the system fair?See omnystudio.com/listener for privacy information.
Topics:(00:43) Intro(05:09) Dutton Wedged(08:22) Poor Conservative Electorates(11:33) Median Wage(21:34) Essential Poll(28:55) Hecs Vs Mining Tax(34:11) Boys School Turns CoEd(39:23) Iran Iraq(43:56) Chinese Spy Pidgeon(48:11) Imran Khan(56:31) Saul Eslake(01:04:19) UK Version of Robo DebtChapters, images & show notes powered by vizzy.fm.To financially support the Podcast you can make a per-episode donation via Patreon or donate through PaypalWe Livestream every Tuesday night at 7:30pm Brisbane time. Follow us on Facebook or YouTube, watch us live and join the discussion in the chat room.You can sign up for our newsletter, which links to articles that Trevor has highlighted as potentially interesting and that may be discussed on the podcast. You will get 3 emails per week.We have a website. www.ironfistvelvetglove.com.auYou can email us. The address is trevor@ironfistvelvetglove.com.auYou can send us a voicemail message at SpeakpipeWe have a sister podcast called IFVG Evergreen. It is a collection of evergreen content from the weekly podcast.
Saul Eslake discussed the potential political and economic ramifications of deviating from the original tax cut plan, highlighting how the revised strategy could offer cost of living relief to those who need it most.See omnystudio.com/listener for privacy information.
This year's immigration intake means a city the size of Newcastle has effectively arrived looking for accommodation within the nation's existing housing stock - and it's the key reason rental incomes are soaring and vacancy rates are close to one per cent. Moreover, there is very little to suggest the scenario of demand greatly outweighing supply will change over the next three years. In today's show we cover; the very strong outlook for rental investment property, why house prices can keep rising moderately from here, rock bottom home ownership levels for younger Australians and is Hobart set to slip from Australia's fourth most expensive city. Saul Eslake of Corinna Economic Advisory joins Wealth Editor James Kirby on today's episode See omnystudio.com/listener for privacy information.
Saul Eslake, Economist
RBA Governor Philip Lowe has warned of inflation hitting 7 per-cent and conceded that the disorderly removal of the yield curve policy in late 2021 caused reputational damage. Independent economist Saul Eslake says the Bank will be looking ahead to an external review of the RBA coming soon.
Saul Eslake, Economist
The Prime Minister has spent the day defending his government's Super Home Buyer scheme with economists, Industry Super and the Opposition warning it would push up housing prices. His Superannuation Minister Jane Hume today conceded the policy would temporarily inflate the market. The policy, announced at the Coalition's campaign launch in Brisbane, would allow first-home buyers to access up to 40 per cent of their super, capped at $50,000. Guest: Michael Sukkar, Housing Minister
Saul Eslake, Economist
The Elephant In The Room Property Podcast | Inside Australian Real Estate
Economic headwinds are building in Australia, with rising inflation, interest rates on the up, and low wages growth – what exactly is at stake for property owners and homebuyers? What's driving the global inflation crisis? Has consumer behaviour changed with high interest rates? How is the younger generation coping with the unaffordability of houses? Joining us to talk about these issues is Saul Eslake, one of Australia's best-known economists. We cover the challenges home buyers are facing with the current state of the economy, the effects of wage stagnation despite low unemployment, Saul's thoughts on whether the economy will recover, 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: Saul's thoughts on the global inflation increase [02:18] Supply chain issues and how to respond [08:52] Australia's wage stagnation problem [12:25] How immigration affects the economy [14:51] Addressing the oil price hikes [18:53] How interest rate rises affect consumer behaviour [22:13] Will government spending create more issues at a time of high inflation? [28:06] The unusual effects of economic recession [32:02] Saul's views on the Falinski Report on Housing Affordability [37:06] On Scott Morrison's 5% deposit scheme [43:48] How the younger generation is coping with the housing issue [46:29] Presumed timeline on Australia's economic recovery [48:50] Global economies Australia could mirror [56:28] About our guest: Saul Eslake is one of Australia's best-known economists. He's been following, analyzing and offering commentary and advice on the Australian and other economies for more than 40 years. In July 2015 Saul started up his own economics consultancy business, operating out of Hobart, and in April 2016 took up a part-time position as a Vice-Chancellor's Fellow at the University of Tasmania. Saul is a member of the Australian Parliamentary Budget Office's Advisory Panel; the Australian Taxation Office's ‘Tax Gap' Advisory Panel; and is on the Advisory Board of Jamieson Coote Bonds, a Melbourne-based specialist bond investment manager. He also chairs the CSIRO's Decadal Climate Forecasting Advisory Board. 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/227 If you've enjoyed this episode, don't forget to like, share, rate and subscribe for more! See omnystudio.com/listener for privacy information.
Rocketing inflation sparks a new political tussle over who's the better economic manager. Childcare is one of key rising costs and parents are struggling to budget it in. Respected independent economist Saul Eslake warns inflation could be tough to manage whoever wins the election.
After Wednesday's larger-than-expected inflation number, all attention has turned to the Reserve Bank's meeting on Tuesday. If the bank moves next week, it will be the first time there's been a rise in a campaign since 2007, the election John Howard lost. Pointing to recent rate rises overseas, independent economist Saul Eslake says: “If the Reserve Bank were to do nothing in the face of this much sharper-than-expected acceleration in inflation, it would be leaving itself open to a charge of acting in a political way, which would undermine its credibility for an extended period. "So I think the Reserve Bank really has to raise interest rates at its meeting next week.” If it doesn't, Governor Philip Lowe would require “a very persuasive explanation”. If the bank didn't act next week, it could subsequently have to make a 75 basis points rise in one hit, “which would be a considerable shock to the mortgage-paying population in particular, but I think for small businesses and a whole lot of other participants in Australia's economy more broadly.”
The expanded Home Guarantee Scheme will make housing less affordable. See omnystudio.com/listener for privacy information.
Australia's jobless rate, when unrounded, hit 3.95% in March, the lowest it has ever been in the history of the ABS monthy job ads series, so SBS Finance Editor Ricardo Gonçalves speaks in depth with independent economist Saul Eslake to find out if this is a true reflection of the state of the employment market, what it means for the economy and interest rates; plus Jessica Amir from Saxo Markets for her wrap on the day on the sharemarket.
Australia's jobless rate, when unrounded, hit 3.95% in March, the lowest it has ever been in the history of the ABS monthy job ads series, so SBS Finance Editor Ricardo Gonçalves speaks in depth with independent economist Saul Eslake to find out if this is a true reflection of the state of the employment market, what it means for the economy and interest rates; plus Jessica Amir from Saxo Markets for her wrap on the day on the sharemarket.
Saul Eslake, Economist
Saul Eslake, Economist
Will the Federal budget effectively address the rising cost of living and what does that mean for the nation's finances? Independent economist Saul Eslake joins ‘PM'. Could Ukraine consider being neutral to secure peace, and is it feasible after Russia's aggression? And a wild moment at the Oscars, actor Will Smith apologises after striking comedian Chris Rock on stage.
Saul Eslake, Economist
Saul Eslake, Economist
A blast from the past offers a possible answer to growing wealth inequality. Three economists put the case for the resurrection of inheritance taxes. Plus, how social change happens. Guests Saul Eslake, Independent economist Ian Raspin, Managing Director, BNR Partners Danielle Wood, Chief Executive, Grattan Institute Damon Centola, author of Change: How to make big things happen
A blast from the past offers a possible answer to growing wealth inequality. Three economists put the case for the resurrection of inheritance taxes. Plus, how social change happens.GuestsSaul Eslake, Independent economistIan Raspin, Managing Director, BNR PartnersDanielle Wood, Chief Executive, Grattan InstituteDamon Centola, author of Change: How to make big things happen
Saul Eslake, Economist
The board of the Reserve Bank holds its final meeting for the year tomorrow as it continues to manage the economic fallout from the pandemic. While there are early signs that a recovery might be underway after damaging lockdowns, there's still a lot of uncertainty especially with the emergence of the Omicron variant.
Steve Price speaks to economist Saul Eslake about his idea to raise the Medicare levy for unvaccinated Australians. See omnystudio.com/listener for privacy information.
Michael is joined by Saul Eslake, Independent consulting economist & commentator, who calls for unvaccinated Aussies to pay a higher Medicare fee. Mr Eslake says the decision to not get the vaccine places a burden on the healthcare system whereas Treasurer Josh Frydenberg has dismissed calls to introduce a medicare levy. See omnystudio.com/listener for privacy information.
Leading independent economist Saul Eslake has suggested unvaccinated Australians should pay a higher proportion of their medical bills if they fall ill with COVID-19. See omnystudio.com/listener for privacy information.
Our final radio show on 3CR sees Karl going out on a win, discussing Victoria's Windfall Gains Tax legislation that passed last week. Along the way you'll hear analysis of Australia's record land price inflation, why we need to switch taxes off the productive sector and onto monopoly interests plus a statement from Saul Eslake at the Housing Affordability and Supply Inquiry on how the mechanics of a land tax works. We finish up admiring the founders of 3CR and their establishment of long term community infrastructure and its parallels to Georgist thinking. Long live the beloved airwaves of 3CR. Show notes
Saul Eslake, Economist
The New South Wales government has unveiled its plan to increase housing affordability in a submission to a federal inquiry into the issue. It wants the Federal Government to review the capital gains tax discount accessed by property investors and it's also looking at scrapping its own stamp duty.
Alan Kohler and independent economist Saul Eslake dissect leaping bond yields and unpick the tangled relationship between transitory and persistent inflation, COVID-19, climate change and an ageing population. See omnystudio.com/listener for privacy information.
Saul Eslake, Economist
I'll be talking to Tom Cornell, the Head of Assessments (APAC) at HireVue about how Aussies can prepare for The Great Resignation where employees are moving away from jobs where they feel unappreciated and are instead moving toward new priorities and goals, from more money to greater control over their time in the COVID-era. And I'll be talking to economist Saul Eslake about whether Sydney's re-opening will have an economic impact.The global economic recovery is losing steam as a coronavirus resurgence and supply chain disruptions hinder progress, the IMF warned. Despite Sydney re-opening, Goldman Sachs cites many reasons to cut its economic forecasts. One is the "longer lasting virus drag on virus-sensitive consumer services." In other words, people don't feel safe. Australian researchers are trialling a smartwatch app that can monitor a worker's vitals and tell them if it's OK to go to work or if they should stay home and potentially get a COVID-19 test. COVID-19 has accelerated the death of cheques and ATM withdrawals as pandemic restrictions change the way we pay for our goods and servicesBHP says Australia can't ignore nuclear in the race to net zeroFollow my socials on: https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcast See acast.com/privacy for privacy and opt-out information.
Saul Eslake, Economist
Saul Eslake, Economist
I'll be talking to Karen Vivarelli, successful local business woman and virtual assistant, who is coaching others on how to thrive working for yourself at home, and who has been named a finalist for the 2021 AusMumpreneur Awards. And I'll be talking to economist Saul Eslake about how Australia will fare in this recession.News Corp's new push for net-zero by 2050 isn't a departure from their war against climate change. It's just a 2 week campaign excluding The Australian.Follow my socials on: https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcast See acast.com/privacy for privacy and opt-out information.
The closure of Australia's border to immigration has provided a rare chance to assess in stark terms how important immigration is to Australia. So far, unemployment is at record lows and we're spending money at home. While there may be short term benefits – what are the longer-term implications? Guests: Saul Eslake, Corinna Economic Advisory, former chief economist of ANZ Bank and of Bank of America Merrill Lynch Gabriela D'Souza, Senior Economist, Committee for Economic Development of Australia
A big jump in consumer confidence to levels not seen since the resources boom have been described this week as “an extraordinary result.“ Westpac Chief Economist Bill Evans explains the latest data. Farmers also have a spring in their step as they go shopping in record numbers for tractors, helicopters and …coffee machines. Plus, the most unpopular tax, that we don't have, might be a really good idea.Guests: Bill Evans, Chief Economist, WestpacJulie Rynski, NAB Executive, Regional and AgribusinessSaul Eslake, Independent economistIan Raspin, Managing Director, BNR PartnersDanielle Wood, Chief Executive, Grattan Institute