Labor loses ground but treasurer says ‘it’s worth it’
Chalmers still says reforms are worthwhile but admits Labor has suffered from 'big partisan political campaign' against it.
Chalmers still says reforms are worthwhile but admits Labor has suffered from 'big partisan political campaign' against it.
Stagnant productivity means households face higher inflation and lower living standards, but the treasurer hopes cheaper housing will ward off voter discontent.
Economists predict interest rates to remain on hold for the rest of this year, with likely cuts to occur in 2027.
After three straight interest rate hikes, the Reserve Bank has opted to leave the official cash rate steady at 4.35 per cent, as predicted by economists.
The Reserve Bank is unanimously expected to leave interest rates on hold but whether the next move up or down remains uncertain.
Tax expert says government's bid for tax neutrality 'will always get you more productivity'.
The treasurer has warned leaving a 50 per cent capital gains tax discount for shares could perversely funnel more investor money into existing housing.
Stamp duty will be abolished for ACT first home buyers in an Australian first, despite the territory budget set to surpass $12 billion in debt.
Treasurer says his budget is about 'supporting younger generations of Canberrans to own their home'.
NAB joins CBA and ANZ to revise their forecast and expect the Reserve Bank to keep interest rates on hold.