Our income recession is over

Original article by Matthew Cranston
The Australian Financial Review – Page: 7 : 6-Sep-19

New data shows that real disposable income per capita increased by one per cent in the June quarter and by 2.7 per cent in the year to June. Real disposable income per capita has risen in four consecutive quarters and it is now $59,258, compared with the OECD average of $44,845. Chris Richardson of Deloitte Access Economics says the growth in income per capita may not be sustained, given that the iron ore price has retreated from its recent highs.

CORPORATES
DELOITTE ACCESS ECONOMICS PTY LTD, AUSTRALIAN BUREAU OF STATISTICS, INDUSTRY SUPER AUSTRALIA PTY LTD, JP MORGAN AUSTRALIA LIMITED, UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH, KPMG AUSTRALIA PTY LTD, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, KPMG AUSTRALIA PTY LTD

Flat incomes, cost of living take harsh toll

Original article by Michael Bleby
The Australian Financial Review – Page: 31 : 5-Feb-18

ME Bank’s latest survey of mortgage holders has found that 46 per cent are spending at least 30 per cent of their disposable income on meeting loan repayments. Although the percentage was slightly down on its previous survey in June 2017, ME Bank noted increased mortgage stress among lower-income households due to greater living costs and little or no increase in wages. ME Bank also found that the percentage of renters who are paying 30 per cent or more of their disposable income on rent payments has increased from 69 per cent to 72 per cent.

CORPORATES
ME BANK, JP MORGAN AUSTRALIA LIMITED, INDUSTRY SUPER AUSTRALIA PTY LTD, RESERVE BANK OF AUSTRALIA, HSBC AUSTRALIA HOLDINGS PTY LTD