array(1) { [0]=> &object(stdClass)#5509 (52) { ["id"]=> string(5) "16411" ["title"]=> string(74) "Property spike, bitcoin rally, Musk’s Twitter power and the super debate" ["alias"]=> string(70) "property-spike-bitcoin-rally-musk-s-twitter-power-and-the-super-debate" ["introtext"]=> string(165) "

On this episode of The nestegg Podcast, host Maja and three experts discuss the latest in equities, property investing and super.

" ["fulltext"]=> string(1351) "

Steve Waters, director of Right Property Group, addresses the booming property market and why he believes stock is due to increase over the next couple of weeks. Steve gives his thoughts on the most buoyant markets and offers tips to those looking to enter the property game.

RMIT’s senior lecturer of finance, Dr Angel Zhong, talks about Musk’s incredible market influence and what’s happening to bitcoin. She also offers up her predictions for bitcoin’s future and touches on the GameStop saga, which has seen US lawmakers interrogate key players.

And lastly, tax and super guru Timothy Munro gives his thoughts on Your Future, Your Super reforms and whether the government should consider enabling Aussies to access their super savings to purchase a house.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["catid"]=> string(3) "302" ["created"]=> string(19) "2021-02-23 04:24:06" ["created_by"]=> string(4) "2404" ["created_by_alias"]=> string(0) "" ["state"]=> string(1) "1" ["modified"]=> string(19) "2021-02-23 06:37:19" ["modified_by"]=> string(4) "2404" ["modified_by_name"]=> string(12) "Robyn Tongol" ["publish_up"]=> string(19) "2021-02-23 06:37:19" ["publish_down"]=> string(19) "0000-00-00 00:00:00" ["images"]=> string(240) "{"image_intro":"images\/podcasts\/230221_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg","float_intro":"","image_intro_alt":"","image_intro_caption":"","image_fulltext":"","float_fulltext":"","image_fulltext_alt":"","image_fulltext_caption":""}" ["urls"]=> string(121) "{"urla":false,"urlatext":"","targeta":"","urlb":false,"urlbtext":"","targetb":"","urlc":false,"urlctext":"","targetc":""}" ["attribs"]=> string(855) "{"article_layout":"","show_title":"","link_titles":"","show_tags":"","show_intro":"","info_block_position":"","info_block_show_title":"","show_category":"","link_category":"","show_parent_category":"","link_parent_category":"","show_associations":"","show_author":"","link_author":"","show_create_date":"","show_modify_date":"","show_publish_date":"","show_item_navigation":"","show_icons":"","show_print_icon":"","show_email_icon":"","show_vote":"","show_hits":"","show_noauth":"","urls_position":"","alternative_readmore":"","article_page_title":"","video_url":"","channel_id":"UCLBR-2LtTtui_WiRuEfW3qA","send":"0","test":"0","schema_active":"0","schema_name":"","schema_description":"","schema_thumbnailUrl":"","schema_uploadDate":"","schema_duration":"","schema_contentUrl":"","schema_embedUrl":"","comments":"1","readingDiff":"3","canonical_link":""}" ["metadata"]=> string(68) "{"robots":"","author":"","rights":"","xreference":"","metatitle":""}" ["metakey"]=> string(72) "property, spike, bitcoin, rally, musk’s, twitter, power, super, debate" ["metadesc"]=> string(200) "On this episode of The nestegg Podcast, host Maja and three experts discuss the latest in equities, property investing and super. Steve Waters, director of Right Property Group, addresses the boo" ["access"]=> string(1) "1" ["hits"]=> string(3) "165" ["xreference"]=> string(0) "" ["featured"]=> string(1) "0" ["language"]=> string(1) "*" ["readmore"]=> string(4) "1351" ["ordering"]=> string(1) "0" ["category_title"]=> string(7) "Podcast" ["category_route"]=> string(17) "resources/podcast" ["category_access"]=> string(1) "1" ["category_alias"]=> string(7) "podcast" ["published"]=> string(1) "1" ["parents_published"]=> string(1) "1" ["lft"]=> string(2) "82" ["author"]=> string(12) "Robyn Tongol" ["author_email"]=> string(33) "[email protected]" ["parent_title"]=> string(9) "Resources" ["parent_id"]=> string(3) "300" ["parent_route"]=> string(9) "resources" ["parent_alias"]=> string(9) "resources" ["alternative_readmore"]=> NULL ["layout"]=> NULL ["params"]=> object(Joomla\Registry\Registry)#5510 (3) { ["data":protected]=> object(stdClass)#5507 (95) { ["article_layout"]=> string(14) "momentum:newne" ["show_title"]=> string(1) "1" ["link_titles"]=> string(1) "1" ["show_intro"]=> string(1) "0" ["info_block_position"]=> string(1) "0" ["info_block_show_title"]=> string(1) "1" ["show_category"]=> string(1) "1" ["link_category"]=> string(1) "1" ["show_parent_category"]=> string(1) "0" ["link_parent_category"]=> string(1) "0" ["show_associations"]=> string(1) "0" ["flags"]=> string(1) "1" ["show_author"]=> string(1) "1" ["link_author"]=> string(1) "0" ["show_create_date"]=> string(1) "0" ["show_modify_date"]=> string(1) "1" ["show_publish_date"]=> string(1) "1" ["show_item_navigation"]=> string(1) "1" ["show_vote"]=> string(1) "1" ["show_readmore"]=> string(1) "1" ["show_readmore_title"]=> string(1) "1" ["readmore_limit"]=> string(3) "100" ["show_tags"]=> string(1) "0" ["show_icons"]=> string(1) "1" ["show_print_icon"]=> string(1) "1" ["show_email_icon"]=> string(1) "1" ["show_hits"]=> string(1) "1" ["record_hits"]=> string(1) "1" ["show_noauth"]=> string(1) "0" ["urls_position"]=> string(1) "0" ["captcha"]=> string(0) "" ["show_publishing_options"]=> string(1) "1" ["show_article_options"]=> string(1) "1" ["save_history"]=> string(1) "1" ["history_limit"]=> int(10) ["show_urls_images_frontend"]=> string(1) "0" ["show_urls_images_backend"]=> string(1) "1" ["targeta"]=> int(0) ["targetb"]=> int(0) ["targetc"]=> int(0) ["float_intro"]=> string(4) "left" ["float_fulltext"]=> string(5) "right" ["category_layout"]=> string(14) "momentum:newne" ["show_category_heading_title_text"]=> string(1) "1" ["show_category_title"]=> string(1) "1" ["show_description"]=> string(1) "0" ["show_description_image"]=> string(1) "0" ["maxLevel"]=> string(2) "-1" ["show_empty_categories"]=> string(1) "0" ["show_no_articles"]=> string(1) "1" ["show_subcat_desc"]=> string(1) "1" ["show_cat_num_articles"]=> string(1) "0" ["show_cat_tags"]=> string(1) "1" ["show_base_description"]=> string(1) "1" ["maxLevelcat"]=> string(2) "-1" ["show_empty_categories_cat"]=> string(1) "0" ["show_subcat_desc_cat"]=> string(1) "1" ["show_cat_num_articles_cat"]=> string(1) "1" ["num_leading_articles"]=> string(2) "14" ["num_intro_articles"]=> string(1) "0" ["num_columns"]=> string(1) "0" ["num_links"]=> string(1) "0" ["multi_column_order"]=> string(1) "0" ["show_subcategory_content"]=> string(2) "-1" ["show_pagination_limit"]=> string(1) "0" ["filter_field"]=> string(4) "hide" ["show_headings"]=> string(1) "1" ["list_show_date"]=> string(9) "published" ["date_format"]=> string(0) "" ["list_show_hits"]=> string(1) "0" ["list_show_author"]=> string(1) "1" ["orderby_pri"]=> string(4) "none" ["orderby_sec"]=> string(5) "rdate" ["order_date"]=> string(9) "published" ["show_pagination"]=> string(1) "2" ["show_pagination_results"]=> string(1) "1" ["show_featured"]=> string(4) "show" ["show_feed_link"]=> string(1) "1" ["feed_summary"]=> string(1) "0" ["feed_show_readmore"]=> string(1) "0" ["sef_advanced"]=> int(1) ["sef_ids"]=> int(1) ["custom_fields_enable"]=> string(1) "1" ["show_page_heading"]=> NULL ["layout_type"]=> string(4) "blog" ["menu_text"]=> int(1) ["menu_show"]=> int(1) ["page_title"]=> string(67) "Earn Money - Your Best Source on How to Earn Money Guides | nestegg" ["menu-meta_description"]=> string(154) "Complete comprehensive guides on starting a blog, tips for tax savings, side hustles, getting online money earning opportunities and latest economic news." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(67) "Earn Money - Your Best Source on How to Earn Money Guides | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2021-02-23 06:37:19" ["slug"]=> string(76) "16411:property-spike-bitcoin-rally-musk-s-twitter-power-and-the-super-debate" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(89) "/resources/podcast/property-spike-bitcoin-rally-musk-s-twitter-power-and-the-super-debate" ["image"]=> string(65) "images/podcasts/230221_Angel_Zhong_Steve_Waters_Timothy_Munro.jpg" ["image_alt"]=> string(0) "" } }

Latest Podcast

Property spike, bitcoin rally, Musk’s Twitter power and the super debate...

Resources

There is $17.5 billion in lost and unclaimed super across ...

Earn

Wage growth slumps to record low

By Cameron Micallef

November 19 2020
Share

Earn

Wage growth slumps to record low

By Cameron Micallef
November 19 2020

Wage growth for Australian workers has slumped to a record low, official statistics show.

Wage growth slumps to record low

By Cameron Micallef

November 19 2020
Share

Wage growth for Australian workers has slumped to a record low, official statistics show.

Figures released by the Australian Bureau of Statistics have shown that wages grew by just 0.1 per cent over the September quarter due to the impacts of COVID.

September’s figures are now the second consecutive quarter of record-low wage growth, bringing the annual wage growth figure down to 1.4 per cent.

The ABS stated that this is the slowest wage growth since they began keeping records in 1997.

However, these figures do not factor in the hundreds of thousands of newly unemployed workers who are currently on JobKeeper, who’s incomes have likely been impacted.

Andrew Tomadini, head of price statistics at the ABS, said the September quarter is generally a quarter of solid wage growth. However, the impacts of the COVID-19 pandemic contributed to a subdued rate of wage growth in September quarter 2020.

“Organisations continued to adjust to the economic uncertainty, recording fewer end of financial year wage reviews and delaying enterprise bargaining agreement increases. This led to a significantly reduced number of jobs recording wage rises when compared to previous September quarters,” Mr Tomadini explained.

“Additionally, the staggered implementation schedule of the Fair Work Commission annual wage review moved some regular September quarter wage rises to later quarters.”

In original terms, wages rose 0.4 per cent in September quarter 2020.

Public v private sector wage growth

Public sector workers experienced marginally higher wage growth through the first three months of the 2020-21 financial year, up 0.2 per cent (and 1.8 per cent over 12 months) compared with the public sector’s 0.1 per cent growth (1.2 per cent over 12 months).

However, for the quarter, private sector wages rose 0.5 per cent, and the public sector rose 0.4 per cent.

Contributions to the growth in private sector wages came mostly from full or partial restoration of wages following wage reductions in June quarter 2020. However, the wage growth was mixed as specific COVID-19 restrictions impacted states and businesses across Australia differently.

Victoria’s second lockdown hurt the state’s wage growth, with wages rising just 1.2 per cent over the past year, while NSW fared slightly better with a 1.4 per cent rise.

Mr Tomadini added: “September quarter 2020 covers the period when COVID-19 restrictions were impacting parts of Victoria but had started to ease across the majority of other states and we can see the impacts of this in the data.”

South Australia, Western Australia, the Northern Territory and the ACT experienced annual growth of 1.5 per cent.

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates

Rate the article

About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

Salary

Women still face 101-year wait for financial gender equality

Following the COVID-19 economic downturn, it is now expected that women will have to wait over a century to achieve financial equality, with the economic downturn likely to lock in a lifetime of lower...Read more

Salary

Policymakers urged to increase paternity leave to increase female workforce rates

The Australian government is being urged to increase paternity leave entitlements and reform tax for family second earners to increase the labour force participation rate for women. ...Read more

Salary

Job ads jump to 3-year high

Australian businesses are continuing to look for new staff, with job ads rising for the ninth consecutive month, new research has revealed. ...Read more

Salary

ACTU pushes for part-time retail hours

Businesses and unions have struck a deal to increase the hours for part-time employees, which they state will increase flexibility for businesses and certainty for workers. ...Read more

Salary

Low-paid jobs recovery hits wages growth

The average weekly pay of a full-time worker has fallen narrowly in November 2020, official stats have revealed. ...Read more

Salary

Unions call for ‘Aviation Keeper’ lifeline as Qantas posts $1.03bn loss

Australia’s national airline has posted a $1.03 billion half-yearly loss before tax, with the airline’s union calling for an extension of the JobKeeper program to support workers. ...Read more

Salary

IR reforms to ‘suppress wages for years to come’

Unions have hit out at the proposed industrial relations law, approved recently by the lower house, arguing it would leave workers worse off with cuts to take-home pay and conditions, few rights and ...Read more

Salary

JobSeeker rise a ‘half-arsed PR exercise’

The federal government’s plan to permanently increase JobSeeker by $50 a fortnight has been slammed by industry experts for leaving 1.2 million Australians at the mercy of poverty. ...Read more

Listen

Property spike, bitcoin rally, Musk’s Twitter power and the super debate

Listen now

Our expert panel addresses top concerns in personal wealth creation

Listen now

Capitalising on the COVID-19 pandemic

Listen now

A broker’s perspective on current opportunities for savvy investors

Listen now

Watch

nestegg Presents: Meet the Manager with Philip Ryan - Trilogy Funds

Watch now

nestegg Presents: Meet the Manager – Australian Solar Investments

Watch now

How much do you expect to spend at Christmas

Watch now

Is your super really that super?

Watch now

Read

Sydney’s vacancy rates continue to rise

Why this expert doesn’t expect the regional appeal to last

Aussie start-ups attract record funding

Will your job be in demand in 2021?

Financial terms made easy

What is a personal cash loan?

What’s ethical investing?

What is a commodity?

What is a mortgage broker?

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

sections

sections

sections

sections

sections

sections

Most read

PM unveils $452m funding package following ‘harrowing review’...

Latest Podcast

Property spike, bitcoin rally, Musk’s Twitter power and the super debate...

Resources

There is $17.5 billion in lost and unclaimed super across ...

Earn

Wage growth slumps to record low

Earn

Wage growth slumps to record low

Wage growth slumps to record low

RELATED ARTICLES

Women still face 101-year wait for financial gender equality