As was widely expected, the RBA cut the cash rate by 25 basis points to 3.85% at the May meeting.
Region: Australia
Australian CBD office property capital values have taken a battering since mid-2022, falling by an average 18% for prime assets. In the process, capital values have fallen below replacement cost in many markets, which is constraining new commencements.
Saturday’s Federal Election decisively delivered a second term for the Albanese government, clearing up the policy outlook.
Headline engineering construction work done rose 4.7% year-on-year to $36.5bn over the December 2024 quarter, driven by strong growth in utility and mining work.
Retail sales growth was steady at 0.3% m/m in March. Sales were lower in Queensland due to the impact of Ex-Tropical Cyclone Alfred but were relatively strong across the other regions.
Anthony Albanese has decidedly won a second term as Prime Minister, with the Labor party set to form a majority government.
Oxford Economics Australia delivered the foundational labour market modelling for BuildSkills Australia’s 2024 Workforce Plan, quantifying future workforce demand across the construction, property, and water sectors.
Consulting Report The Economic Impact of Apples Never Fall in Australia A report for the Motion Picture Association and the Australia-New Zealand Screen Association You might be interested in
We have downgraded our forecasts for Australia due to the major disruptions to the global economy caused by changes to US trade policy.
Housing will be a key battleground in May’s Federal Election, with both the incumbent Labor Government (ALP) and the Coalition (LNP) firming their stances in recent days.
Research Briefing Australia Faces Election risk, but migration stabilisation on track
Expert Witness Report on Australian Property Market Forecast and Key Influences Our clients were involved in court proceedings arising out of legal action related to an agreement between the Government of the Northern Territory of Australia and a residential developer. The disagreement centred around the difference between the development of actual residential prices in Darwin … Read more
Australia's Energy Market: Forecasts and Scenarios Shaping a Vision for Tomorrow The Australian Energy Market Operator required long-term macroeconomic and energy price forecasts for a number of scenarios characterised by changing economic and climate change profiles, to inform their analysis of the future shape of Australia’s energy market. Oxford Economics Australia was commissioned to produce … Read more
The rise of buy now pay later: Oxford Economics explores its impact on Australia's finance industry Regulators globally are realising traditional finance and credit products need re-evaluation to determine how best to provide proportionate, scalable and targeted regulatory frameworks that balance payments innovation, consumer choice, flexibility and interoperability, while delivering high standards of consumer protection. … Read more
2022-23 Commodity Price Scenario Forecasts for AEMO Developed commodity price scenario forecasts for the Australian Energy Market Operator using Oxford Economics Australia' proprietary Global Economic Model, considering global policy commitments to decarbonisation and current market developments. Project background The Australian Energy Market Operator (AEMO) engaged Oxford Economics Australia (OEA) to generate commodity price scenario forecasts … Read more
Following last October’s election, a second review into 2032 Brisbane Olympics venues was undertaken. The Crisafulli government has now revealed a third and hopefully final venues plan, under which total direct investment should eclipse $10 billion, including related developments (e.g. athletes villages).
US President Trump has announced a new tranche of ‘reciprocal’ tariffs, establishing a 10% minimum tariff on all trading partners, and a considerably larger escalation for several economies in the Asia-Pacific region.
Although growth has slowed, rising construction work this decade requires a laser-like focus on improving productivity and skills accumulation
We’ve upgraded our 2025 GDP growth forecast for Australia by 0.2ppts to 2.1%. Growth in 2024 was in line with our forecast at 1%, but the economy carried a little more momentum into the end of 2024 than we had expected.
It’s a cliché to say we live in troubled times. Mid-way through the third decade of the 21st century. Let’s take stock of how the last 25 years have panned out.
