The following chart shows the extent of the "patchwork" economy in Australia. Despite the clear differences since 1990, according to the ANZ's analysis, the patchwork economy is coming to an end as WA starts to struggle and as activity picks up in NSW. Clearly, however, the other states have some work to do to catch up. (remember that the common starting point is an artificial construction and there would have been significant differences before this time).
Australia's 'real' saving rate perhaps not as high as traditional saving measure suggests if we exclude super and principal mortgage repayments.
Home Ownership in Australia from Saul Eslake
Thirty Years of the Float
Australia's 'real' saving rate perhaps not as high as traditional saving measure suggests if we exclude super and principal mortgage repayments.
Home Ownership in Australia from Saul Eslake
Thirty Years of the Float
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