Economists are calling for further reform as a slowdown in spending growth adds to concerns Australia's economic recovery is at risk of stalling.
The odds are lengthening on an interest rate cut on Melbourne Cup Day, as the Reserve Bank adopts a hawkish tone and inflation steps up the pace.
Hopes for more rate cuts are fading after the RBA took a hawkish turn as it held interest rates steady in a widely-expected move.
The great Australian dream of property ownership continues to resemble a nightmare for many buyers as prices surge and the supply of homes dwindles.
Borrowers have been denied surprise mortgage relief by the Reserve Bank, which left rates on hold after hotter-than-expected inflation figures.
Mortgage holders are unlikely to get a leg up from the Reserve Bank this week, with markets and analysts predicting the cash rate to remain on hold.
About 5400 jobs dropped out of Australia's economy in August, wrongfooting forecasters who had expected stronger growth in employment.
Australia should follow New Zealand in reforming zoning rules to boost limp construction productivity and expand housing supply, leading economists say.
Workers are taking home a larger slice of the economic pie as a result of Australia's historically tight labour market.
House prices could surge and mortgage defaults rise when a government scheme to help first home buyers begins ahead of schedule, experts warn.
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