Michael Janda, ABC.net.au

Michael Janda

ABC.net.au

Sydney, NSW, Australia

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Recent articles by Michael:

Australian house prices keep rising, but former RBA boss Ian Macfarlane can't see a crash coming

Pundits have tipped an Australian property bust for years, but former Reserve Bank boss Ian Macfarlane can't see it happening, even though he thinks it would be in the nation's long-term interest. → Read More

Authorities have been flying blind on shadow banking risks, RBA documents reveal

Australia's financial regulators have been navigating largely in the dark when assessing the risks shadow banking and fintech pose to financial stability, particularly in the property market, according to internal Reserve Bank documents. → Read More

House price bounce leaves first home buyers behind

Property price falls over the past couple of years offered a brief window of opportunity for some first home buyers to get into the market, but it's one that already seems to have slammed shut. → Read More

One of Australia's 'first families of wine' McWilliam's enters administration after 141 years

One of Australia's 'first families of wine' goes into administration as declining business performance and a changing wine market force family-owned McWilliam's to seek outside assistance. → Read More

Bushfire preparations stymied by climate change deniers in Government, says small business lobby

The Federal Government has drawn the ire of the small business community, with a key lobby group saying its members are disappointed with the lack of preparations for what was expected to be an unusually bad bushfire season. → Read More

Ken Henry's tax review is gathering dust, but its ideas could kick-start Australia's economy

Ten years ago, Ken Henry handed his boss Wayne Swan Australia's first major tax review in more than 30 years. A decade on, it sits gathering dust, and its lead author says that's costing Australia big time. → Read More

Unemployment rate falls ahead of Christmas as 40,000 jobs added

The Treasurer and Reserve Bank will rest easier over the Christmas holidays, after the latest official data show a fall in both unemployment and underemployment. → Read More

Westpac under investigation by APRA for possible Banking Act breaches

The banking regulator launches an investigation into whether Westpac's alleged failures to conduct adequate money laundering checks also breached the Banking Act and accountability rules. → Read More

Australia's economy can't be fixed by stimulus alone, says former Treasury boss Ken Henry

Former Treasury boss Ken Henry says something is desperately wrong with Australia's economy, which is beset by structural deficiencies that cannot be fixed by interest rate cuts or government largesse. → Read More

Sydney, Melbourne house price surge accelerated in November

Australian home values are likely to reach fresh record highs within months, as Sydney and Melbourne post boom-time price rises and their auction markets run hot. → Read More

How Westpac's LitePay service inadvertently helped Australian paedophiles abuse Filipino children

The most shocking revelation in AUSTRAC's case against Westpac is how the bank negligently facilitated thousands of payments from Australian paedophiles to child abusers in the Philippines. → Read More

Can Westpac's Brian Hartzer survive the human consequences of money laundering?

AUSTRAC says Westpac's senior management were indifferent to the widespread opportunities for money laundering — including by child sex offenders — that the bank left open for years. Can Westpac reform itself with the same leadership that allowed those problems to fester? → Read More

Home buying intentions swing higher, while retail posts modest improvement, CBA says

The Reserve Bank's series of interest rate cuts are having a major effect on home buying intentions, but may perversely be pushing retail spending lower than it would otherwise be, warns the Commonwealth Bank. → Read More

New home loans are better quality than older ones, Reserve Bank deputy governor says

Older home loans drive mortgage arrears to their highest level in around a decade, with the Reserve Bank arguing tighter lending standards over the past few years have newer loans in good shape. → Read More

House prices forecast to jump across the nation as regulators let the boom rip

House prices are expected to rise substantially in 2020, led by double-digit annual gains in Sydney and Melbourne, according to a new report from analysts at SQM Research. → Read More

The 2020s are set to be an economic turning point, says global banking giant

The next decade is likely to see higher prices and interest rates and a reversal of globalisation, but also a reduction in inequality and increased climate action, predicts one of the world's biggest banks. → Read More

Is hard work enough to lift anyone out of poverty? This question divides the nation

Half the population believes hard work is enough to lift any Australian out of poverty. But there are deep divisions based on gender, politics and where people live, writes Michael Janda. → Read More

Is Australia an innovation nation or beneficiary of dumb luck?

A recent Harvard study found Australia's economy is less complex than Kazakhstan or Uganda, but is the assessment fair? And, if it is, what can be done to diversify the economy away from its mining dependence? → Read More

Property investors lose hundreds of thousands of dollars through unregulated real estate advice

Real estate is a largely unregulated area of traps for unwary investors, as Matt and Peter found out the hard way. They're now hundreds of thousands of dollars worse off after receiving dud advice from a company acting on behalf of developers. → Read More

Australians' record debt is making us work longer, spend less

Australians are some of the world's most indebted people. We know it, we worry about it, and there is increasing evidence that it's changing our way of life. → Read More