Household spending ‘surprisingly soft’ despite tax cuts
More spent on essentials such as groceries and healthcare last month, with overall spending down in a sign of a still-cautious consumer.
The numbers that drive our future
More spent on essentials such as groceries and healthcare last month, with overall spending down in a sign of a still-cautious consumer.
New data on building supplies and lending indicators points towards a boost for housing in 2025, according to the Housing Industry Australia.
Under market expectations mark the lowest rate of headline inflation since March 2021 - but it’s unlikely to persuade the Reserve Bank to bring forward any rate cuts.
Inflation after COVID-19 would not have been so brutal if post pandemic support had been less wasteful and interest rates moved earlier, a review says.
House and unit prices may have found new record highs but interest rate cautiousness has tempered the pace of growth.
Affordable house price growth is now outpacing the luxury market - while demand for prestige apartments is growing faster than cheaper units.
Western Australia's economy has topped CommSec's State of the States report for the first time in a decade.
The median price of a residential lot in Australia reached $351,044 in the June Quarter 2024.
Record numbers moving to the strip of south-east Queensland continue to push house and unit prices up, according to economist Nerida Conisbee.
Economists say resilient labour market figures will mean the cash rate is likely to stay at 4.35 per cent until next year.