When it comes to pandemic spending, Australia’s got the goods

The pandemic halted Australia's services consumption in its tracks. Instead, we've just been buying lots of stuff.

Feb 26, 2021

A weird thing is suddenly happening in the Australian economy. We are going back in time, reversing a major trend of the last century.

One way to see it is to look at the results of a company called National Storage.

National Storage owns cabinets which it leases to people who have more stuff than places to put it. It's a listed company and it posted its results to the ASX on Tuesday. They were good. No JobKeeper was sought and none given, as profits soared and storage boxes filled up.

About the Author

Jason Murphy

Journalist and economist @jasemurphy

Jason Murphy is an economist and freelance journalist. He has worked at The Australian Financial Review and for the Republic of Nauru and the Australian Treasury. He blogs at Thomas the Think Engine.