The big picture So, where to from here? The economy is probably in better shape than the GDP numbers indicate, but government, business and the RBA will need to switch gears to get wages growth and inflation up. Most economists agree that that may have to happen in the form of a few more interest rate cuts. It is not a matter of if, but when. The big picture ...
The mining boom is far from over
April 10, 2019
The mining boom that has been occurring since 2003 is considered Australia’s largest mining expansion since the Victorian Gold Rush of the mid-1800s.
Has Australia fallen into recession?
April 4, 2019
If the headlines are to be believed then the Australian economy is about to hit some headwinds. In January we’re seeing more weak numbers: house prices are down, equity markets are volatile, retail foot traffic is falling, the Aussie dollar is under pressure and residential building approvals are in free fall. With the September quarter 0.1% drop in GDP and the weakness looking set to continue well into 2019, economists are wondering: Has Australia fallen into recession?
Was the recent federal budget all bark but no bite?
April 3, 2019
Was the recent federal budget all bark but no bite? The Australian economy remains in 'steady as she goes' mode and it was clear that, some election sweeteners aside, the budget wasn't going to make any radical changes or funding promises.
Weighing up the risks
March 1, 2019
It’s all about risk. The RBA is wary of risk – and has kept interest rates unchanged – while entrepreneurs embrace it. Who’s right and who’s wrong?
Cash flow tips for tradies
February 22, 2019
As we move into the back end of the financial year, tradies and suppliers should be looking to balance their books. But since cash flow is the lifeblood of business, you need to make sure you're managing your money.
Your at-a-glance view of the construction industry’s year ahead
February 8, 2019
Against a backdrop of the lowest unemployment rates since 2012, the construction industry is responsible for employing 8.9 per cent of Australian workers. In the five years from 2014 to 2019 it’s estimated that the construction industry has created 137,900 jobs.
Now is a good time to secure finance at attractive rates
February 1, 2019
This month’s economic update has a theme: the more things change, the more they stay the same. It’s an old French proverb – and a Bon Jovi song – and it’s tailor-made for the times we find ourselves in. Read the latest Economic and Financial Market update from BOQ Chief Economist Peter Munckton.