Australians haven’t stopped spending — they’ve just become much more selective about where their money goes. This week, Bloomberg global business editor Karen Leigh joins host Rebecca Jones to unpack the winners and losers from Australia’s latest earnings season, from Kmart and supermarkets to furniture and electronics retailers. They discuss the rise of home brands, the impact of higher housing costs and falling property prices, and whether Australia’s newfound obsession with value could permanently change how we shop. 

Australians haven&rsquo;t stopped spending &mdash; they&rsquo;ve just become much more selective about where their money goes. This week, Bloomberg global business editor Karen Leigh joins host Rebecca Jones to unpack the winners and losers from Australia&rsquo;s latest earnings season, from Kmart and supermarkets to furniture and electronics retailers. They discuss the rise of home brands, the impact of higher housing costs and falling property prices, and whether Australia&rsquo;s newfound obsession with value could permanently change how we shop.&nbsp;

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business. 

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

The Bloomberg Australia Podcast

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

The Winners and Losers in Australia’s Value Economy

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5b73de49-bf5e-4df8-921e-b4c100202414/transcript

The crisis engulfing Sydney property developer Bathla Group has put the spotlight on a fast-growing but little-understood corner of Australian finance. With the company owing about A$3.3 billion to non-bank lenders, its troubles are raising questions about the risks lurking in Australia’s A$200 billion private credit market — and whether other property developers could be next.

Bloomberg finance reporter Richard Henderson joins host Chris Bourke to explain what private credit actually is, why Australian lenders have piled so heavily into property, and why regulators are increasingly worried. They also look at how exposed super funds and ordinary investors are — and whether Bathla’s troubles could be the first sign of something bigger.

The crisis engulfing Sydney property developer Bathla Group has put the spotlight on a fast-growing but little-understood corner of Australian finance. With the company owing about A$3.3 billion to non-bank lenders, its troubles are raising questions about the risks lurking in Australia&rsquo;s A$200 billion private credit market &mdash; and whether other property developers could be next.
Bloomberg finance reporter Richard Henderson joins host Chris Bourke to explain what private credit actually is, why Australian lenders have piled so heavily into property, and why regulators are increasingly worried. They also look at how exposed super funds and ordinary investors are &mdash; and whether Bathla&rsquo;s troubles could be the first sign of something bigger.

Why a Sydney Property Developer Has Private Credit Investors on Edge

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/883a85c8-64ba-4d34-935f-b4ba00162748/transcript

The Iran war has sent fuel prices soaring, but it may also be accelerating a much bigger shift in how Australians get around. Electrified vehicles have accounted for more than half of new car sales in recent months, as high petrol prices collide with a wave of cheaper models from China.

Bloomberg economist James McIntyre joins Chris Bourke to explain why the shift could eventually make Australian households — and inflation — less vulnerable to global oil shocks. They also discuss what it could mean for the Reserve Bank and why, after three interest-rate hikes this year, McIntyre thinks the RBA is finally done.

The Iran war has sent fuel prices soaring, but it may also be accelerating a much bigger shift in how Australians get around. Electrified vehicles have accounted for more than half of new car sales in recent months, as high petrol prices collide with a wave of cheaper models from China.
Bloomberg economist James McIntyre joins Chris Bourke to explain why the shift could eventually make Australian households &mdash; and inflation &mdash; less vulnerable to global oil shocks. They also discuss what it could mean for the Reserve Bank and why, after three interest-rate hikes this year, McIntyre thinks the RBA is finally done.

The Surprising Link Between EVs and Interest Rates

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/39ba5791-c21b-4c78-919a-b4b30029ec05/transcript

Australia’s housing downturn is gathering pace — and the nation’s biggest banks are starting to feel the effects. Mortgage applications are falling, investor lending has slumped and house prices have retreated from their March peak as higher interest rates and tax changes weigh on demand.

On this episode, host Chris Bourke is joined by finance editor Adam Haigh to unpack what CBA, Westpac, ANZ and NAB are saying about where house prices go from here, how a prolonged slowdown could squeeze bank profits and what it all means for investors. They also examine why the Reserve Bank sees the housing slowdown as a sign its tightening is working — and how much further the market could fall.

Australia&rsquo;s housing downturn is gathering pace &mdash; and the nation&rsquo;s biggest banks are starting to feel the effects. Mortgage applications are falling, investor lending has slumped and house prices have retreated from their March peak as higher interest rates and tax changes weigh on demand.
On this episode, host Chris Bourke is joined by finance editor Adam Haigh to unpack what CBA, Westpac, ANZ and NAB are saying about where house prices go from here, how a prolonged slowdown could squeeze bank profits and what it all means for investors. They also examine why the Reserve Bank sees the housing slowdown as a sign its tightening is working &mdash; and how much further the market could fall.

What Bank CEOs Are Saying About the Housing Downturn

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/95842f8f-fe8f-4747-bf84-b4ac001f5582/transcript

The Winners and Losers in Australia’s Value Economy

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