Housing affordability has continued to deteriorate. The rapid increase in mortgage rates alongside the continued increase in housing prices has, over the past few years, seen the affordable purchase price for someone on the median income slip below the price of the median house and unit. The shar...
However, we found the median annual income for all game music workers is A$40,000, compared to only$30,576 for musicians generally. Among those who make more than the Australian minimum wage ($45,000) from game music, this jumps to a considerable median income of $82,500. Being at th...
Workforce supply and demand, 2006–2023 (source: ABS Schools 2006–2023, ABS Census 2006, 2011, 2016, 2021) Full size image Classic economic modelling assumed commuting independent to workforce issues as the costs could be fully compensated by wage premiums or lower housing costs (Ma & Ye, 20...
In summary, a combination of household income growth (tax cuts, wage rises above inflation rate), the ongoing large scale infrastructure programs, even lower cash rates and a lower Australian dollar all combine to help cushion the global slowdown and help drive investment and confidence going forwa...