Middle East or money-wasters: inflation mud-fight grows
Labor and the coalition are duelling over why Australians now must fork out more on their mortgages every month.
Labor and the coalition are duelling over why Australians now must fork out more on their mortgages every month.
While not yet in uncharted territory, Australia's housing market is in for a hiding from higher interest rates, lower borrowing capacity and tax changes.
Interest rates were raised to a nearly 15-year high by the Reserve Bank, spelling more pain for mortgage holders.
Borrowing money is getting more expensive, but AI "hyper-scalers" competing for your cash are not necessarily to blame, according to economists.
The budget is $6 billion stronger than the government forecast in May, as mortgage holders brace for a big call from the Reserve Bank.
Australia's deficit for the past financial year will be smaller than expected, but rising interest rates and stubborn inflation give little cause to celebrate.
Australia's deficit for the past financial year will be smaller than expected, but rising interest rates and stubborn inflation give little cause to celebrate.
Most Australians want to be able to siphon from their superannuation before retirement to purchase homes as the coalition teeters on the issue.
Global conflict, a rapidly ageing population, the energy transition and AI will likely define Australia's next 40 years, Treasury says.
Minister says 'this is not the sort of operation that some people have seen on TV happening in other countries'.