RBA frets over severe global shock from Middle East war
Spillover from the Iran war and an uptick in risky lending to first-home buyers could threaten Australia's financial stability, the Reserve Bank warns.
Spillover from the Iran war and an uptick in risky lending to first-home buyers could threaten Australia's financial stability, the Reserve Bank warns.
With more than eight million residents to serve, NSW has had enough after it lost out again in a contentious GST carve-up of more than $100 billion.
A rise in unemployment and a surge in hiring point to conflicting impulses in Australia's labour market, but conditions remain relatively tight.
Review into CGT discount shows the fundamental issue with home affordability is the lack of housing.
A decline in the participation rate is keeping the jobs market tight and contributing to inflation, even though growth in new jobs is not particularly strong.
Record home sales profits are lining the pockets of people in the housing market, while pushing the price of admission beyond the means of ordinary Australians.
Winding back the capital gains tax discount could reduce property prices by about four per cent, compared to what they would be under a no-change scenario.
Almost a quarter of the benefit of the capital gains tax discount goes to just five of Australia's wealthiest electorates, entrenching inequality, critics say.
The latest home loan interest rate hike has applied even more pressure to homeowners and would-be buyers. The goal of getting into the market is even harder now, none more so than in Western Australia.
RBA wants to cool the economy but warns of dangers if they fail to keep inflation in check.