RBA June 2024 | Australia Faces Slowest GDP Growth in Decades

It’s the fourth RBA Cash Rate Announcement of 2024 with your hosts, Ben Kingsley and Evan Lucas!

Was the RBA’s decision a surprise? Get the latest on today's hot topics:

📉 Australia's GDP Slowdown: GDP growth hits its lowest since the early '90s recession, but population growth is keeping us out of a technical recession.

💼 Tight Employment Market: Demand for workers is high, with record numbers juggling multiple jobs, though household savings are on the decline.

🏡 Property Market Trends: New loan commitments for owner-occupier and investment properties are up. Check out Ben’s analysis on land tax and rental yields across the different states.

Tune in now! 🔊

#EmpowerWealth #RBAupdate #EconomicInsights #RBARateRelease #CashRateAnnouncement


TIME STAMPS
World Economy
01:18 – US Economic Update
12:10 – China Economic Update
13:33 – Europe Economic Update

Australian Economy
22:13 – GDP
25:17 – Household Savings
27:58 – GDP per Capita
29:29 – Immigration Story
32:00 – Inflation
39:34 – RBA’s Interest Rate Decision
41:50 – Unemployment
43:20 – Employment & Hours Worked
47:31 – Multiple Job Holders
49:27 – Retail Sales
51:15 – Business Confidence

Australian Property Market Update
53:28 – Housing Finance
56:09 – CoreLogic Hedonic Home Values Index
56:56 – Analysis of Land Tax & Rental Yield Per State (updated table here:   / urn:li:activity:7208386607635210240  )

01:03:59 – Summary