	{"id":114080,"date":"2026-03-26T13:00:00","date_gmt":"2026-03-26T02:00:00","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/?p=114080"},"modified":"2026-03-30T13:10:54","modified_gmt":"2026-03-30T02:10:54","slug":"interest-rates-and-housing-dominate-business-nsw-breakfast","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/interest-rates-and-housing-dominate-business-nsw-breakfast\/","title":{"rendered":"Interest rates and housing dominate Business NSW breakfast"},"content":{"rendered":"<p>RISING interest rates, housing affordability and workforce shortages dominated discussion at Business NSW Northern Rivers&#8217; fourth annual economic breakfast in Ballina.<\/p>\n<p>The event was run in partnership with Clarence Property at the Ballina RSL Club and drew a strong crowd of local business owners, managers and emerging leaders.<\/p>\n<p>Keynote speakers included financial journalist Alan Kohler and National Australia Bank chief economist Sally Auld, who outlined Australia&#8217;s economic outlook and what it means for regional communities.<\/p>\n<p>Attendees also heard region-specific perspectives from Healthy North Coast d<span data-olk-copy-source=\"MessageBody\">irector primary health programs &amp; partnerships<\/span>\u00a0 Luke Elias and Business NSW head of economics Nathan Wallwork.<\/p>\n<p>Business NSW Northern Rivers regional director Jane Laverty said the breakfast continues to play an important role in connecting business, industry and government.<\/p>\n<p>&#8220;It was jam-packed with great conversations and it&#8217;s a real kick-starter event for us at Business NSW in the Northern Rivers,&#8221; she said.<\/p>\n<p>&#8220;Everyone loved Alan and all our speakers; it was a great event for local business and industry.&#8221;<\/p>\n<figure id=\"attachment_123742\" aria-describedby=\"caption-attachment-123742\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-123742\" src=\"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/29\/2026\/03\/IMG_2297_48388.jpeg\" alt=\"\" width=\"600\" height=\"450\" \/><figcaption id=\"caption-attachment-123742\" class=\"wp-caption-text\">There were several key speakers who helped address current issues and opportunities for local businesses in the region. Photo: Mitchell Craig.<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>Laverty said the timing was particularly relevant as many businesses assess their outlook for the remainder of the year amid ongoing economic pressures.<\/p>\n<p>&#8220;We know businesses are facing challenges and this is normally the time of year where they start thinking about what the rest of the year looks like for them,&#8221; she said.<\/p>\n<p>&#8220;More than ever, they&#8217;re looking at interest rate increases, and this feeds into the advocacy work we do to ensure governments understand exactly what our business and industries need.&#8221;<\/p>\n<p>Laverty said the presence of younger attendees highlighted growing interest in the future of business, particularly among those stepping into family enterprises.<\/p>\n<p>&#8220;There is not one business in this region that I know that doesn&#8217;t invest in the community, support social cohesion and provide employment opportunities for our young people,&#8221; she said.<\/p>\n<p>&#8220;We had three tables of students from local high schools studying business and economics attend as part of our regional leaders&#8217; program, which was fantastic to see.<\/p>\n<figure id=\"attachment_123743\" aria-describedby=\"caption-attachment-123743\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-123743\" src=\"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/29\/2026\/03\/IMG_2317_53021.jpeg\" alt=\"\" width=\"600\" height=\"450\" \/><figcaption id=\"caption-attachment-123743\" class=\"wp-caption-text\">Business leaders and managers were able to share information at the economic breakfast. Photo: Mitchell Craig<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>&#8220;They want to know what support will be available in the coming years and how they&#8217;re going to navigate things like artificial intelligence.&#8221;<\/p>\n<p>In his address, Kohler focused on long-term structural challenges, particularly Australia&#8217;s housing affordability crisis and its broader economic impacts.<\/p>\n<p>&#8220;The large amount of housing debt Australians carry means interest rates have a much greater impact on their lives, which in turn affects inflation, wages, employment and economic growth,&#8221; he said.<\/p>\n<p>&#8220;My basic point is that since 2000, the average house price was about four times the average wage \u2014 now it&#8217;s around 12 times. That increase is changing the way Australia works and is disadvantaging young people.&#8221;<\/p>\n<p>He said regional communities face additional pressures.<\/p>\n<p>&#8220;Regional areas already have challenges with climate change, natural disasters and other local issues which can hold the economy back,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RISING interest rates, housing affordability and workforce shortages dominated discussion at Business NSW Northern Rivers&#8217; fourth annual economic breakfast in Ballina. The event was run in partnership with Clarence Property at the Ballina RSL Club and drew a strong crowd of local business owners, managers and emerging leaders. Keynote speakers included financial journalist Alan Kohler [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/interest-rates-and-housing-dominate-business-nsw-breakfast\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":234,"featured_media":114081,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"post_folder":[],"class_list":["post-114080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Interest rates and housing dominate Business NSW breakfast - Ballina Times<\/title>\n<meta name=\"description\" content=\"Explore the future of the Northern Rivers economy: Insights from Alan Kohler on interest rates, housing, and regional business growth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/ballinatimes\/news\/interest-rates-and-housing-dominate-business-nsw-breakfast\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interest rates and housing dominate Business NSW breakfast - 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