Inflation numbers feel like the ‘calm before the storm’
Housing and electricity main contributors to inflation but figures have not taken into account the Middle East conflict.
Housing and electricity main contributors to inflation but figures have not taken into account the Middle East conflict.
Despite a raft of initiatives, many states have fallen behind in attempts to reach housing supply targets set for 2029.
Property and energy sectors condemn any proposed new taxes which will hurt housing supply and affordability.
Latest figures may show drop in inflation but they won't take into account the Middle East conflict.
Australia's net overseas migrant intake dropped last financial year but is unlikely to fall as far as government forecasts for coming years.
Home prices across the nation have increased at their fastest monthly rate in more than two years as demand continues to outstrip housing supply.
Reserve Bank governor Michele Bullock has responded to a surprise jump in unemployment as a credit agency gives Australia's finance a tick of approval.
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.