Crest Economics in Parramatta, New South Wales | Education

Crest Economics

Locality: Parramatta, New South Wales

Phone: +61 452 426 388

Address: Suite 13, Civic Arcade, 48-50 George Street 2150 Parramatta, NSW, Australia

Website: https://www.cresteconomics.com/

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19.01.2022 Introducing our newest Crest Instructor: Olivia Olivia graduated in 2020 from Loreto Normanhurst with an ATAR of 99.80 and state-ranked 3rd in Economics with a HSC mark of 99. She is passionate about economics and will be studying Economics and Law at the University of Sydney. Visit www.cresteconomics.com for more information about our products and services!... Classes for 2021 Prelim Term 1 and HSC Term 2 are starting on 30th January 2021. Check out our BRAND NEW BURWOOD CAMPUS at 151 Burwood Road. #crest #education #tutor #team #campus #tutoring #hsc #prelim #instructor #economics #eco #business

17.01.2022 Quantitative Easing: How much more money do we need? February 2021 The Reserve Bank of Australia (RBA) has doubled their government bond buying scheme to $200 billion, showing that economic recovery remains fragile. The RBA will continue ‘printing’ money through its quantitative easing program until September 2021. With the current monetary policy reaching its lower zero bound that marks the limit of its effectiveness, the RBA has turned towards engaging in quantitative e...asing (QE); unconventional monetary policy. Quantitative Easing comprises of the RBA increasing the amount of credit in the economy by purchasing government bonds. These bonds represent the credit raised from private markets and are used to fund Australia’s past deficits. To put it simply, quantitative easing is the printing money out of thin air. However, there are concerns that the RBA’s direct financing of government expenditure could ‘blur the lines between fiscal and monetary policy’, as CBA's Halmarick says buying government bonds directly is politically fraught. However, economists say that the decision was made in response to unemployment remaining high at 6.6% with inflation stuck below the 2-3% target band at 1.34%. RBA Governor Philip Lowe has also affirmed the cash rate will remain at its record low level of 0.1% until wages growth picks up, having been subdued at below 3% for almost 7 years. ‘The RBA ha set out to do all it can to boost economic activity’, Brendan Rynne, the chief economist at KPMG said. However, trouble spells from the soaring price of houses and other assets that could prompt many Australians entering negative equity or suffering from high debts when asset prices correct. Want more? We offer both physical teaching at our Parramatta and BRAND NEW Burwood campus, as well as online with CREST+. Visit www.cresteconomics.com and enquire now for a free TRIAL lesson. #economics #news #update #hsc #prelim #exams #tutoring #education #coaching #crest

12.01.2022 RBA hints at rising house prices and imminent danger ahead- January 2021 With the cash rate at 0.1%, the Reserve Bank of Australia and the Australian Prudential Regulation Authority are prepared to tighten lending standards in fears of a housing boom. The RBA has also engaged in a program of quantitative easing to offset the recessive impact of the pandemic with no expectation to raise interest rates for at least 3 years. A research paper into low interest rates found tha...t the current conditions are lowering the cost of borrowing, underpinning the increased demand for assets that has resulted in higher prices of houses. In a phenomenon know as the wealth effect, higher asset prices should push up individual wealth and translate into increased spending. Additionally, "low rates are also supporting government borrowing and subsequently the economic recovery," with the Federal Government looking to borrow an additional $77b this financial year, on top of the record Federal debt of $808b. Research by RBA economists indicate that a ‘permanent’ cut in official interest rates can push up real house prices by 30% over a 3-year period where a ‘temporary’ reduction in interest rates would drive real prices by 10%. A report by CoreLogic reveals that despite the deepest recession since 1930s, Sydney’s house prices have lifted through 2020 by 4%, averaging about $1 million. However, record low interest rates put new home buyers in risk of negative equity with small deposits relative to the size of loan or taking on too much debt from an imposed ‘optimistic assessment of risk’. Loan-to-valuation ratios are increasing but are below the levels in 2015 that prompted APRA to tighten lending standards. If prices continue to rise, people may be purchasing houses at the top of the business cycle and when that cycle corrects, most of the national mortgage book was ‘likely to be in negative equity’. The Council of Financial Regulators (CFR) comprising of the RBA, APRA, Treasury and ASIC, will be monitoring risk levels and intercede if required. Want more? We offer both physical teaching at our Parramatta and BRAND NEW Burwood campus, as well as online with CREST+. Visit www.cresteconomics.com and enquire now for a free TRIAL lesson. #economics #news #update #hsc #prelim #exams #tutoring #education #coaching #crest

10.01.2022 Introducing our newest Crest Instructor: Supreeth Supreeth undertook accelerated HSC Economics in 2019 and state-ranked 4th. He graduated from Baulkham Hills High School in 2020 with an ATAR of 99.55. As a passionate economics student who enjoys the dynamic and interconnected nature of the economy, he hopes to share his interest with students and assist them in achieving their goals in HSC economics. Visit www.cresteconomics.com for more information about our products and s...ervices! Classes for 2021 Prelim Term 1 and HSC Term 2 are starting on 30th January 2021. Check out our BRAND NEW BURWOOD CAMPUS at 151 Burwood Road. #crest #education #tutor #team #campus #tutoring #hsc #prelim #instructor #economics #eco #business

09.01.2022 Can’t Stop, Won’t Stop, GameStop February 2021 This past week, stock markets saw increased volatility due to frenetic retail trading behavior in certain heavily shorted stocks. Amongst others, the stock or company at the centre of the spotlight was GameStop, a retail and online provider of console games. Since July 2020, GameStop’s stock price has increased tremendously from $4 to peaking at over $450 dollars. For many retail investors, this speculative bubble has led t...Continue reading

07.01.2022 GRAND OPENING OF NEW BURWOOD CAMPUS NOW We’re expanding! Join us at 151 Burwood Road! Crest will now be operating across our 2 campuses- Parramatta and Burwood, as well as Crest+ online. ... Classes for 2021 Prelim Term 1 and HSC Term 2 will begin on the 30th January. Enquire now for your free trial lesson! For more information, visit https://www.cresteconomics.com/ #opening #campus #burwood #education #economics #hsc #eco #prelim

04.01.2022 Introducing our newest CREST+ Instructor: John X. John graduated from North Sydney Boys in 2020 with an ATAR of 99.95. As a prior Crest student himself, he ranked 1st internally for both Prelim and HSC Economics. He holds an extensive interest in Economics and is passionate to assist students in the subject. Visit https://www.cresteconomics.com/crest-plus for more information about our exclusive online resources!... --- Classes for 2021 Prelim Term 1 and HSC Term 2 are starting on 30th January 2021. Check out our BRAND NEW BURWOOD CAMPUS at 151 Burwood Road. #crest #education #tutor #team #campus #tutoring #hsc #prelim #instructor #economics #eco #businessideas

03.01.2022 Australia’s Education Sector February 2021 Australia's tertiary education sector is in for another rocky year as revenue remains subdued in light of ongoing travel restrictions. While Zoom meetings and remote learning quickly filled the gap left by no on-campus attendance at the start of 2020, the impact of COVID-19 still dealt a lasting blow on Australia's third largest pre-pandemic export. More than 17,000 jobs have been lost at Australia's universities since the onset ...of the pandemic, a 13% reduction in the size of the workforce. Among the most exposed were workers on casual and contract jobs, with job losses estimated to be around 6000. This occurred on top of a $1.8 bn reduction in sector-wide revenue, a number that is expected to increase to a further $2 bn in 2021 as international travel remains uncertain. As Australia's revenue-starved universities eagerly await the messianic return of international students, the government has thrown a lifeline in $1 bn worth of research grants for the university-sector, a byproduct of our public-private funding model. In a more controversial decision, an overhaul of fees in order to drive growth in jobs with the highest growth potential has aimed to increase the employability of graduates, much to the chagrin of humanities students who face a doubling of their annual tuition. Subjects in nursing, agriculture, maths and science among others will see a reduction in costs, whereas prospective law, commerce and economics students are obliged to reconsider whether they will be necessary constituents of Australia's future workforce. Understandably, this decision has been met with considerable backlash, with National Tertiary Education Union President Alison Barnes stating that "gouging students" won't fix a "funding crisis", demanding that more substantial funding packages be given to universities as opposed to targeting "certain cohorts of students for more money". Nonetheless, vaccine rollouts mark an optimistic sign for universities and the possibility of a return to normality within the year. Among proposals to speed up international student returns include digital vaccine certificates or 'vaccination passports', which aim to expedite student entries back into the country and risk losing enrolments to countries whose borders have opened sooner. If successful, this could alleviate revenue stresses faced by universities, as 164,000 estimated students continue to be barred from entering Australia due to ongoing border closures. Want more? We offer both physical teaching at our Parramatta and BRAND NEW Burwood campus, as well as online with CREST+. Visit www.cresteconomics.com and enquire now for a free TRIAL lesson. #economics #news #update #hsc #prelim #exams #tutoring #education #coaching #crest

03.01.2022 Introducing the last member of our Crest team, instructor and manager: Harrison Harrison graduated from James Ruse Agricultural High School in 2020 with a HSC exam mark of 95. He has an avid passion for economics and leads the management team. He avidly follows regular updates in the field and is eager to share them. Harrison is majoring in Economics and Actuarial Studies at UNSW. Visit www.cresteconomics.com for more information about our products and services!... Classes for 2021 Prelim Term 1 and HSC Term 2 are starting on 30th January 2021. Check out our BRAND NEW BURWOOD CAMPUS at 151 Burwood Road. #crest #education #tutor #team #campus #tutoring #hsc #prelim #instructor #economics #eco #business

01.01.2022 Update on Inflation and Wages February 2021 In the February statement of Monetary Policy, the RBA confirmed that the cash rate would not be increased until actual inflation is sustainably within the 2 to 3% target range. For this to occur, wages growth would have to be materially higher than it is currently. This will require significant gains in employment and a return to a tight labor market. The RBA does not expect these conditions to be met until 2024 at the earliest..., signalling an extended near-term future of 0% interest rates. The concept of a tight labor market is assessed by the RBA as consistent with wages growth of 3.5 4.0%, levels which have not been seen since the end of the mining boom in 2012. At its current level, the labor market has sufficient spare capacity to absorb increases in demand for labor without lifting wage levels. The RBA expects wages growth to lift to 2% by June 2023. The extended duration is largely due to structural headwinds including technological innovation (leading to the greater desirability for capital), increasing labor market competition from globalisation, low productivity growth, low inflationary expectations, and limited bargaining power of unions. These conditions have contributed to the flattening of the Phillips curve in recent years, where the unemployment rate has had to fall even further to trigger increases in inflation. Typically, inflation is driven by wages growth as higher wages encourage increased consumption (demand pull inflation) and raise costs for firms (cost push inflation). In light of persistent low inflation and the need for continued support as the economy recovers from COVID-19, the RBA is expected to extend its quantitative easing program beyond its scheduled expiry in October 2021. More on that in future articles! Want more? We offer both physical teaching at our Parramatta and BRAND NEW Burwood campus, as well as online with CREST+. Visit www.cresteconomics.com and enquire now for a free TRIAL lesson. #economics #news #update #hsc #prelim #exams #tutoring #education #coaching #crest