Brendan Rynne

Melbourne

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KPMG Residential Property Market Outlook

Jun 24, 2024 | kpmg.com | Brendan Rynne

Get the latest KPMG thought leadership directly to your individual personalised dashboardHome›Insights›KPMG Residential Property Market OutlookKey insights | Why KPMG | Contact usWe expect that price growth will be slower in 2024 than in 2023, primarily due to a cooling down market. National house and unit prices are forecasted by KPMG to continue to rise by 5.3 percent and 4.5 percent in 2024.
A Prosperous Future: Biotech

Oct 24, 2023 | kpmg.com | Doug Ferguson |Brendan Rynne |Merriden Varrall |Evan Rawstron

Download the report | Report highlights | Prosperous Future series | Connect with us | Related information Australia’s relationship with the United States is economically and strategically significant for both countries. As we face a future with complex technological, geopolitical, economic, environmental and social challenges, strong US and Australia relations have never been more important. These pressures also create exciting new opportunities for business collaboration.
KPMG Retail Health Index

Sep 11, 2023 | kpmg.com | Lisa Bora |James Stewart |Brendan Rynne |YouTube. Opens

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‘Coin-toss decision’, KPMG Chief Economist, responds to the RBA's cash rate statement

Jul 4, 2023 | newsroom.kpmg.com.au | Brendan Rynne

Today’s RBA decision was essentially a coin-toss – it could have gone either way, as there is a recognition amongst the market and economists alike that that the current level of inflation is still too high and will remain so for some time, and that further tightening may still be needed. Therefore, the Board statement retains a clear tightening bias.
Inflation fall shows peak in the tightening cycle is near

Jun 28, 2023 | newsroom.kpmg.com.au | Brendan Rynne

May’s monthly CPI inflation fell to 5.6 percent year-on-year from 6.8 percent in April, much lower than market expectations of 6.1 percent and the lowest monthly figure for over a year. The decline in core inflation, excluding volatile items and holiday travel, however was more modest, from 6.5 percent to 6.4 percent.
Further monetary tightening more likely as unemployment rate falls

Jun 15, 2023 | newsroom.kpmg.com.au | Brendan Rynne

Today’s ABS data – with the seasonally adjusted unemployment rate falling from 3.7 percent in April to 3.6 percent in May – shows that the labour market continues to show strength despite slowing economic conditions. Employment increased by an above-expectations 76,000 people, while the number of unemployed fell by 17,000 people.
Soft landing looks less likely after sluggish GDP figures

Jun 6, 2023 | newsroom.kpmg.com.au | Brendan Rynne

Real GDP growth has continued to lose its momentum, sliding from 0.5 percent in the last quarter of 2022, to a below-expectations 0.2 percent in the March quarter 2023. This is the weakest quarterly growth recorded since the September quarter 2021 – notably a COVID lockdown period. The Q1 figures reflects the growing impact of contractionary monetary policy on the economy. Per capita GDP growth was negative this quarter, as was GDP per hour worked – meaning productivity fell during the quarter.
Go hard, go early. Examining the RBA’s decision to hike the cash rate again

Jun 6, 2023 | newsroom.kpmg.com.au | Brendan Rynne

The RBA has asserted its independence in today’s monthly board meeting and increased the cash rate by another 25 bp to 4.10 percent, against many predictions. This is the highest level since April 2012 – when housing debt was nearly 20 percent lower as a proportion of household income than it is today.
Headline inflation up, but core inflation down, indicating RBA rate pause

May 31, 2023 | newsroom.kpmg.com.au | Brendan Rynne

CPI inflation increased to 6.8 percent in the year to April, up from 6.3 percent in March, topping most economists’ expectations – albeit being lower than the peak in December 2022. A major contributor to this month’s annual inflation movement was automotive fuel, following the reinstatement of the full fuel excise tax late last year, but overall core inflation – excluding volatile items and holiday travel – went down from 6.9 percent to 6.5 percent.