Bank: we’ll be okay with rates but recession looms
The head of Australia's second-largest bank is more worried about businesses delaying investment decisions than the impact of higher interest rates.
The policies shaping our future
The head of Australia's second-largest bank is more worried about businesses delaying investment decisions than the impact of higher interest rates.
Mortgage holders are set to be cumulatively worse off by hundreds of dollars a month in interest payments since February after another Reserve Bank rate hike.
Jim Chalmers is putting the finishing touches on his fifth federal budget, with some of the measures starting to be revealed.
The head of Australia's second-largest bank has warned the federal government the nation needs to be better prepared for future events, as the war continues.
The fall in consumer confidence around the country is affecting home values. Sydney and Melbourne are the hardest hit.
Housing cost growth is set to pick up steam in the coming months as the Middle East conflict drags on, adding to the Reserve Bank's inflation concerns.
Jim Chalmers has played down suggestions possible changes to negative gearing or capital gains tax would be breaking promises with the electorate.
Labor will unveil net savings for the second consecutive budget as it faces claims it is planning a "tax assault on family" through investment changes.
The upcoming federal budget is widely tipped to pare back incentives for property investors as the prime minister promises to tackle intergenerational inequity.
Traders and economists expect the central bank to raise interest rates for a third straight meeting, but high uncertainty could result in another split decision.