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The Latest Breaking News from ABS

Changing tax rules for investors won’t shrink housing supply or raise rents. Just look at Victoria

Labor’s anticipated reforms are not a panacea, but they could nudge Australia toward a more equitable trajectory

The Guardian - AU

Less trusting, more financially stressed: new data show how Australians feel about their lives

This week, the Australian Bureau of Statistics released its refreshed General Social Survey. It tells a story economic indicators can’t capture.

The Conversation

Row over Harry and Meghan’s ‘leaked’ Australian itinerary leaves tabloids stranded at the baggage carousel

Daily Mail takes down story after reporting ‘under-wraps details’ about the Duke and Duchess of Sussex’s trip to Australia. Plus: Adam Hegarty finds fans

The Guardian - AU

From analysis to the latest developments in health,
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NFL Rules Analysts Have Different Takes on Dan Hurley-Ref Confrontation

Gene Steratore and Terry McAulay don’t agree on the UConn coach getting away with physical contact on referee Robert Ayers.

Sports Illustrated

The Best (and Worst) ABS Challenges From MLB’s Opening Week

Baseball has entered a new age with the automated ball strike-system—and some players are catching on more quickly than others.

Sports Illustrated

C.B. Bucknor Flummoxed Both Red Sox and Reds With Worst Called Game of ABS Era

C.B. Bucknor’s first game behind the plate gave the ABS a workout.

Sports Illustrated

MLB’s ABS Challenge System Has Little-Known Wrinkle That May Trip Up Hitters

There's not much time to think it over.

Sports Illustrated

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Reserve Bank governor denies inflation is ‘taking off’ amid fears of fresh rate hikes

End of government subsidies drives electricity costs up by 19% in the month and leaves power bills nearly a third higher than they were a year earlier

The Guardian - AU

Umpire Embarrassed by ABS After Three Overturned Calls in First Two Innings

Umpire Mitch Trzeciak had three calls overturned in the first two innings of the spring training matchup between the Pittsburgh Pirates and Boston Red Sox on Tuesday.

Sports Illustrated

Signs point to RBA fine tuning, rather than hike spree

Softer labour market data and consumer confidence levels reveal an economy coming back towards balance and not in need of major monetary tightening.

AAP

Expectations grow for interest rate hike next week after Australia’s inflation jumps to 3.8%

Rapidly rising consumer prices led to annual inflation growing from 3.4% to 3.8% in the year to December

The Guardian - AU

Gen Xers the new baby boomers: analysis identifies Australia’s richest landholders by generation

Those born between 1965 and 1980 own an average of $1.455m in housing and land, KPMG report finds

The Guardian - AU

Oasis tour tunes up economy but clouds rate cut hopes

Britpop giant Oasis and Black Friday bargains have helped bring Australia's economy back in tune, adding to the case against Reserve Bank rate cuts.

AAP

RBA official's advice to borrowers over inflation data

Mortgage holders have been warned not to expect relief anytime soon with the latest inflation figures unlikely to significantly influence the RBA's thinking.

AAP

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The Conversation

Inflation cooled more than expected in November. But rate cuts remain unlikely anytime soon

Annual inflation cooled in November.

The Conversation

Illegal tobacco is messing up economic data. That won’t stop until it’s managed like alcohol

Most Australians have probably noticed the proliferation of tobacconists and “convenience stores” in the last few years. These stores aren’t making much from the limited offerings on public display. Rather, their profitability comes from under-the-counter sales of untaxed tobacco and illegal vapes.

The Guardian - AU

There are two big drivers of Australia’s economic growth – but shape matters as much as size

Income from rooftop solar panels and investment in data centres are helping to power the economy, which leads us to the question: is all growth good?

The Guardian - AU

Australian economy crawls back into growth mode thanks to datacentre boom and household spending uptick

Analysts say national accounts figures show how far the economy has come, with annual GDP growth hitting 2.1% compared to 0.8% this time last year

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news in one place.

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The Conversation

Is Australia in a youth crime crisis? Here’s what the numbers say

Youth crime is never far from the public consciousness, but Victorian Premier Jacinta Allan’s announcement of “adult time for violent crime” has brought the issue back into sharp focus.

AAP

Inflation surges as energy rebates run out of gas

Lower energy rebates and higher housing costs than a year ago have propelled the headline inflation rate to its highest level in 16 months.

The Guardian - AU

Property investors make up two in every five Australian home loans amid record borrowing

Investor home borrowing surges nearly 18% in the September quarter compared with previous three months, prompting calls to ‘urgently rein in overheated credit market’

AAP

Illicit cigarettes surge clouds modest spending lift

A 0.2 per cent rise in household spending in September would have been twice as strong if not for a fall in legal tobacco sales, according to official figures.

The Guardian - AU

Head of ABS defends debunking far-right ‘mass migration’ claims after censorship accusations

Chief statistician David Gruen says bureau did not censor anyone and is ‘trying to take the side of truth’ after misuse of overseas arrivals figures

AAP

Interest rate decision to dominate economic agenda

Mortgage holders are unlikely to get a leg up from the Reserve Bank this week, with markets and analysts predicting the cash rate to remain on hold on Tuesday.

The Guardian - AU

Nobody wanted to say ‘mission accomplished’ on inflation – certainly not Jim Chalmers. But he was surely thinking it

Economists are revising their rate cut predictions after the latest ABS figures revealed inflation is trending back up

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