Cash rate cuts vital for economy in 2026, says leading forecaster
Cost of living crisis easing but more Reserve Bank rate cuts are needed for growth and jobs prospects in 2026, according to leading economist.
The policies shaping our future
Cost of living crisis easing but more Reserve Bank rate cuts are needed for growth and jobs prospects in 2026, according to leading economist.
Rate-cut fueled optimism, and the prospect of first home buyer incentives, are driving demand across Australia.
But annually there has been a decline of 4.2 per cent, suggesting sellers and buyers alike are hesitant about proceeding, SQM Research's Louis Christopher says.
With listings 20 per cent below average and values climbing, Cotality's Tim Lawless is one of the experts who says the supply-demand imbalance could push annual growth into double digits.
Economists suggest unexpected rise in CPI will mean a September rate cut is unlikely - but expect the RBA will trim in November.
Research shows 2,127 capital homes scheduled for auction this week – marking the first time auction volumes have risen above 2,000 since late-June.
Broad support for Clare O'Neil's suggestions around reforming the National Construction Code.
But the nation has been down in the dumps for the second longest period since the respected Melbourne Institute Consumer Sentiment Index began its survey 50 years ago.
Australia must cut unnecessary red tape and boost business investment if young people are to be better off than their parents, the productivity tsar says.
The unemployment rate slid to 4.2 per cent in July, partly because of an unwinding from an earlier, outsized jump, the Australian Bureau of Statistics reports.