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Treasurer Paul Keating budgeted a record $9.1 billion surplus for 1989–90, and Labor won the 1990 election, aided by the support of environmentalists. To court the green vote, environment minister Graham Richardson had placed restrictions on mining (notably uranium mining [5]) and logging which had a detrimental effect on already rising unemployment.
The Housing Affordability in Australia - Good house is hard to find report stated that "the average house price in the capital cities is now equivalent to over eight years of average earnings; up from three in the 1950s to the early 1980s. [7] Some factors that may have contributed to the increase in property prices include:
ABC News report, featuring Paul Keating, on the first day of trading with a floating Australian dollar. Annual percentage growth in real (chain volume) GDP per capita since 1961 Real GDP per capita development in Australia and New Zealand. From the early 1980s onwards, the Australian economy has undergone intermittent economic liberalisation.
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The Australian dollar has broken down significantly during the trading session on Monday to kick off the trading week, reaching all the way down to the 0.63 level. What is significant about this ...
Housing economists point to five main reasons that the market will not crash anytime soon: low inventory, lack of new-construction housing, large amounts of new buyers, strict lending standards ...
When economic growth or activity is being restricted, low investment and low levels of expenditure will generally restrain the current account from growing. Nevertheless, Australia's current account deficit needs a long-term solution in order to secure the Australian economy's viability. [citation needed]
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