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Australian national accounts data to provide rationale for deepening cuts

Australian national accounts data to provide rationale for deepening cuts The latest Australian national accounts figures, showing a record rise in gross domestic product (GDP) over the last two quarters of 2020, have been hailed as sign that the economy has turned the corner and is now powering out of the recession induced by the COVID-19 pandemic. But closer analysis of the data, when combined with the significant slowing of the economy before the pandemic struck, shows this to be far from the case. Moreover, remarks by Treasurer Josh Frydenberg on the figures indicate they will be used as the justification for eliminating even the limited support measures introduced by the federal government.

Property scene in 60 seconds: Home loans rise

Mackay Isaac Whitsunday s top-earning suburbs revealed

Premium Content Subscriber only Workers in mining towns such as German Creek, May Downs, Peak Downs Mine and Moranbah are raking in the most dough in the Isaac region, while those in Hamilton Island and Hayman Island are earning the least. New Australian Bureau of Statistics data has revealed the average full-time salaries for workers across Mackay Isaac Whitsunday and Queensland by postcode. German Creek and May Downs were the richest workers in the Mackay Isaac Whitsunday region, taking home an average wage of $109,994. Peak Downs Mine and Moranbah workers were not far behind with an average wage of $105,071. Workers living in Devereux Creek and Marian were the top earners in the Mackay region alone with an average wage of $83,222.

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