The Sustainable Living issue
Kanebridge Quarterly’s spring edition explores the future for property, wealth creation and design as we embrace the challenges of 21st century living
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The spring issue of Kanebridge Quarterly magazine is a deep dive into all things sustainable, starting with our cover story on the future look, feel and function of our cities. We showcase the most incredible developments in the country, from luxury high rise on the Gold Coast to a carbon zero development in Sydney.
For investors, we investigate how to build wealth through sustainable companies, as well as understanding the value of supporting B Corp certified businesses. Plus, we look at what it takes to join the one percent of Australia’s wealthiest individuals.
Then, we’re off exploring the world of sustainable travel, the life changing benefits of EVs, as well as touring some of Australia’s most beautiful, thoughtfully designed homes.
Plus:
- Akira Isogawa – the legendary fashion designer on the circular economy, fashion waste and finding a purpose in life
- Spotlight on Geelong – the sleep satellite city sets its sights on a bright future
- David Chandler’s legacy – how the Building Commissioner is bringing confidence back to buyers
- Going troppo – the cost of maintenance for investment properties in the tropics
- Back to the bush – tour this quietly stunning architect designed bushfire resistant home
You really don’t want to miss it.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
Excluding the Covid-19 pandemic period, annual growth was the lowest since 1992
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Australia’s commodity-rich economy recorded its weakest growth momentum since the early 1990s in the second quarter, as consumers and businesses continued to feel the impact of high interest rates, with little expectation of a reprieve from the Reserve Bank of Australia in the near term.
The economy grew 0.2% in the second quarter from the first, with annual growth running at 1.0%, the Australian Bureau of Statistics said Wednesday. The results were in line with market expectations.
It was the 11th consecutive quarter of growth, although the economy slowed sharply over the year to June 30, the ABS said.
Excluding the Covid-19 pandemic period, annual growth was the lowest since 1992, the year that included a gradual recovery from a recession in 1991.
The economy remained in a deep per capita recession, with gross domestic product per capita falling 0.4% from the previous quarter, a sixth consecutive quarterly fall, the ABS said.
A big area of weakness in the economy was household spending, which fell 0.2% from the first quarter, detracting 0.1 percentage point from GDP growth.
On a yearly basis, consumption growth came in at just 0.5% in the second quarter, well below the 1.1% figure the RBA had expected, and was broad-based.
The soft growth report comes as the RBA continues to warn that inflation remains stubbornly high, ruling out near-term interest-rate cuts.
RBA Gov. Michele Bullock said last month that near-term rate cuts aren’t being considered.
Money markets have priced in a cut at the end of this year, while most economists expect that the RBA will stand pat until early 2025.
Treasurer Jim Chalmers has warned this week that high interest rates are “smashing the economy.”
Still, with income tax cuts delivered at the start of July, there are some expectations that consumers will be in a better position to spend in the third quarter, reviving the economy to some degree.
“Output has now grown at 0.2% for three consecutive quarters now. That leaves little doubt that the economy is growing well below potential,” said Abhijit Surya, economist at Capital Economics.
“But if activity does continue to disappoint, the RBA could well cut interest rates sooner,” Surya added.
Government spending rose 1.4% over the quarter, due in part to strength in social-benefits programs for health services, the ABS said.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
