Australia must cut unnecessary red tape and boost business investment if young people are to be better off than their parents, the productivity tsar says.
Star ratings for resilience and winding back electric car incentives have been flagged by the Productivity Commission in its pursuit of climate cost savings.
Businesses and mortgage-holders banking on a cut to interest rates will have to wait more than a month before the next opportunity for financial stimulus.
Australia's central bank has left indebted households and businesses waiting longer for much-needed relief with its decision to keep the cash rate unchanged.
The prime minister is poised to reveal his senior leadership team for Labor's second term and the "mandate to build more housing".
Labor reveals how it would balance the federal budget with its election promises as a global agency warns government spending could trigger a credit downgrade.
Fresh housing policies from both the major parties may end up pushing up house prices, economists are warning.
Housing construction is expected to ramp up this year but labour shortages, builder insolvencies and higher global inflation pose headwinds.
The wait goes on for homeowners sweating on an interest rate cut but the Reserve Bank hints long-awaited mortgage relief is getting closer.
Tens of thousands of extra rental properties will be added to the housing stock under altered tax settings that have passed parliament.
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