Ian Verrender

Ian Verrender, ABC’s Chief Business Correspondent, offers insights into the shifting dynamics of Australia's housing market. He highlights the impact of interest rate hikes since May 2022, leading to slight price drops in Sydney and Melbourne. Despite this, many prices remain near record levels. Verrender discusses how population growth affects demand and the affordability crisis faced by buyers. He warns that future interest rate cuts could spark renewed demand, possibly driving prices up again, making the housing landscape a complex one.

Ian Verrender, ABC's Chief Business Correspondent, dives into the tumultuous world of stocks and tariffs. He explains how Trump's import tariffs are sending shockwaves through global markets, particularly impacting China and Australia. The discussion reveals a troubling decline in investor confidence and hints at a possible looming recession. Verrender also unpacks the complexities of navigating economic uncertainty amid rising populism and trade tensions, emphasizing the potential long-term consequences on markets and economies worldwide.

Ian Verrender, ABC's Chief Business Correspondent, dives into the recent pre-election budget that introduces modest tax cuts for average workers. He discusses the $17.1 billion commitment and its implications for household finances. The conversation covers a new housing strategy and energy rebates designed to ease the cost-of-living pressures. Ian also highlights the challenges of ongoing deficits, the unpredictability of forecasts shaped by global events, and the balancing act Labor faces in managing the economy amidst financial uncertainty.

Ian Verrender, ABC's chief business correspondent, shares his expertise on the economic implications of the Australian dollar's decline. He highlights how Trump's tariffs and policies have strengthened the US dollar, impacting Australia's currency. Ian argues that, despite challenges, interest rate cuts should remain an option for the Reserve Bank. He explores the interplay between the Aussie dollar and China's economic slowdown, as well as the speculative nature of currency fluctuations, making a compelling case for understanding these global dynamics.

Ian Verrender, ABC's Chief Business Correspondent, dives into the intricacies of the Australian economy. He discusses the recent dip in inflation and its implications for potential interest rate cuts, possibly before Christmas. Verrender highlights the Phillips Curve theory, exploring the tense relationship between unemployment and inflation. He using the analogy of adjusting a shower's temperature to explain the delayed effects of interest rate changes. His insights shine a light on the delicate balance central banks must maintain in today’s fluctuating economy.