All articles by Stephen Koukoulas

How the election can impact the economy

April 29th 2019

A Labor win in the election will mean big changes in a number of key policy areas – negative gearing rules will change as will refunds of franking credits and capital gains tax concessions.

This will have important implications for investors, financial planners and the economy. Investment in new dwellings is likely to get as boost, as will shares in companies not paying the previously appealing 100% fully franked dividends. 

The RBA and the Election

April 29th 2019

The election looms large and which ever side wins, they will be confronted with an economy growing below trend, low inflation and a global backdrop where conditions are weakening. 

Will the promises being made now need to be refined?

Stephen Koukoulas

December 5th 2018

Stephen is the go-to economist for many businesses, investors, fund managers and the media. His views and analysis are presented without fear or favour which is why he is such a sought after speaker.

Australia's Housing Market Wall

February 16th 2018

The housing market has hit the wall.

After years of unrelenting strength, house prices are dropping. Not by much, at this stage, but the heat in the Sydney market in particular, has suddenly turned cold.

The fascinating and scary thing is that the price falls are increasingly widespread.

The Australian economy remains in good shape.

October 21st 2017

Calls of housing crashes, banking busts and general gloom will be wrong again.

The housing downturn – what’s it mean for you and the economy?

September 26th 2017

The housing market has peaked with prices no longer growing. At the same time, auction clearance rates are lower and a solid pipeline of new supply – particularly apartments – will soon flood the market in a number of cities and regions.

The big question for business and individuals - how severe will the downturn be and what does it mean for the economy?

What's Ahead for Australia

August 16th 2016

We know the good times are over – the only questions are how long and how deep the weakness will be? Stephen Koukoulas provides an economic projection for the future.

What's Hot in The Economy?

December 1st 2015

As we begin to wrap up another year, we asked one of Australia's premier and favourite economists Stephen Koukoulas for his fascinating take on 'What's HOT in the economy?'

More than qualified to comment as former Senior Economic Advisor to Prime Minister Gillard, and with over 25 years as a Chief Economist, 2016 looks set to bring some positives with consumer spending and tourism. Other areas of the economy have a more tumultuous outlook...

Grow Your Wealth

June 16th 2015

In this extract from his new book, Myth Busting Economics, Stephen Koukoulas discusses housing affordability and the difficulty of buying your first home or flat.

A pain point especially for young Australians, Stephen shares how buying a live-in house with a 10 year timeframe in mind is a smart investment, provides security and sets you up for life.

Your Economy In 2015

January 27th 2015

What will 2015 bring?

It is time to think about your business, your personal financial plans and how trends in the economy might impact you in 2015. Without understanding the intricacies of the economy, including what sectors will be strong, where interest rates might be going, what will happen to the Australian dollar or housing or consumer spending, there is a risk that an opportunity will be missed.

What's To Come In 2015?

October 31st 2014

As 2014 draws to a close, it is time to think about your business, your personal financial plans and how trends in the economy might impact you in 2015.

Without understanding the intricacies of the economy, including what sectors will be strong, where interest rates might be going, what will happen to the Australian dollar or housing or consumer spending, there is a risk that an opportunity will be missed.

The Job Market Is On The Up!

June 2nd 2014

The Australian economy is creating jobs again.

The big questions are where? How many? And will it last?

Before we get to those sorts of specifics, it should go without saying, but the best thing to generate jobs and lower the unemployment rate is a growing economy.

What The Budget Means For You

May 6th 2014

Budget, Budget, Budget. That is the word occupying the minds of economist, CEOs, parents, working mums and students alike. But as the results from the commission audit are released, Stephen Koukoulas gives us an insight into just how the government will come up with these figures and his take on what this means for the average Australian.

In light of the humbug of the 'budget never returning to surplus unless we cut the tripe out of spending', I though it interesting to revisit the sensitivity of budget forecasting to small changes to the economic parameters.

Is Now The Time To Buy?

March 28th 2014

House prices are moving into very dangerous territory.

They are rising so fast and are moving to a point where there is a very real risk of a situation that spills over to poor borrowing decisions, relaxed lending standards and financial market malaise that would threaten to end Australia’s multi-decade economic expansion.

Australia By Numbers

February 24th 2014

There is a very long held assumption that economics is a bunch of very serious people talking about very serious, and dare I say boring, things. But I’m here to prove that just isn’t true!

Solid Growth for the Finance Sector

January 31st 2014

Australia’s finance sector is on track for several more years of solid growth...

You Can Buy Your First Home!

January 24th 2014

Stephen Koukoulas is one of Australia’s most respected economists. His background covers the spectrum of economic insight - from his role as Chief Economist of Citibank to Senior Economic Advisor to the Australian Prime Minister.

In his latest article Stephen argues against the widely held belief that first homebuyers are being priced out of the market, showing us (and Bridie at The Guardian) that with a little frugality and some more realistic expectations, your first home isn’t just a dream.

Your Money in 2014

December 19th 2013

As is normal at this time if the year, economists are pretty much compelled to outline their main themes for the economy and markets in the year ahead.

I am not different so here we go.

What's in store for tourism in 2014?

October 31st 2013

The tourism industry has recently gone through tough times but there are some encouraging signs emerging that 2014 will be a better one for the industry.

Stephen Koukoulas

February 8th 2013

Stephen Koukoulas is one of Australia’s leading economic visionaries, past Chief Economist of Citibank and Senior Economic Advisor to the Prime Minister.

2013: Which Industries are going to boom?

November 6th 2012


in 2013, retail, housing and finance should do well, sparked by lower interest rates and still low unemployment. Construction should start to turn higher, but manufacturing and tourism may well remain soft. The strong Australian dollar will not help. Mining will remain hostage to the world economy and that is looking problematic with China slowing, Europe in recession and the US still fragile. Don't bank on the boom in mining continuing.

Predictions for the rocky, fascinating year ahead

June 13th 2012

The new financial year kicks off on 1 July 2012 and having watched the economy and financial markets for more than two decades, these calendar benchmarks are a good time to take stock, look ahead and think about the issues that are likely to impact on businesses and personal finances.

Before doing that, there is no doubt that in the last month or two, there has been some great economic news in Australia.

Go To Top