The policies shaping our future
Busiest auction weekend of the spring selling season but sellers' unmatched expectations resulted in lower clearance rates compared to November in 2023.
Pay packets have been expanding strongly as demand for workers remains high but slower growth is expected as the economy weakens and the labour market slackens.
Cutting red tape standing in the way of modular home construction will be rewarded by the federal government via a new fund aimed at spurring states and territories towards a suite of productivity-enhancing reforms.
Australia faces slower growth and additional inflation from a second Donald Trump presidency, but the Treasurer believes the nation is well placed to withstand financial shocks.
Interest rates have been left on hold at 4.35 per cent - as they have been for 12 months - with the Reserve Bank remaining committed to its inflation fight.
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.
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