Chanticleer Tax dodgers, feeling BHP’s pain & the problem with 5% home deposits
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Oct 3, 2025 Cosima Mariner, Editor at the Australian Financial Review, brings her expert insights to the discussion. She tackles the controversial 5% home deposit scheme and its potential impact on affordability for first-time buyers. The podcast also delves into the implications of China's ban on BHP iron ore shipments, and the RBA's cautious stance on future rate cuts. Cosima highlights the complexities of corporate tax avoidance in the tech sector compared to mining, shedding light on critical economic issues facing Australia.
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China-BHP Standoff Threatens Big Export Revenue
- China pausing BHP iron ore shipments likely reflects hardball contract pricing, not lasting diplomatic bans.
- The stoppage matters because iron ore is a pillar of Australia's exports and budget, so resolution is urgent.
Rate-Cut Expectations Have Been Tempered
- RBA Governor Michelle Bullock signalled more caution on rate cuts, downgrading earlier expectations.
- Markets are shifting from expecting multiple cuts to thinking one cut in the next 12 months is likelier.
Wage-Productivity Gap Risks Rekindling Inflation
- Rising labour costs relative to productivity could rekindle inflationary pressures.
- That gap may force businesses to raise prices, complicating the RBA's job on inflation control.