Warning that tax changes will hurt housing supply
Property Council tells government that 'taxes on investment in new housing are already sky high'.
The challenge of finding a new home
Property Council tells government that 'taxes on investment in new housing are already sky high'.
Consumer and business sentiment surveys are the highlight of an otherwise quiet week on the economic front in Australia, as global turmoil casts a shadow.
Auction clearance rates have hit a five-year low, and the percentages are the lowest Australia has had in five years.
Pauline Hanson's party has for the first time in a poll's history overtaken Labor in popularity, as Anthony Albanese's approval rating hits a low among voters.
Pauline Hanson forced to clarify party's controversial stance on foreign ownership of homes.
Changes to negative gearing, capital gains tax and trusts have not raised Treasury's assumption that productivity will grow at 1.2 per cent in the medium term.
The OECD expects Australia's economic growth rate to slow to 1.8 per cent in 2027, which might require the Reserve Bank to lower interest rates.
A state premier has proposed new laws with the goal of making building and financing modular homes easier.
A state government is set to deliver a belt-tightening budget that cuts jobs and limits spending, as it focuses on reducing its ballooning debt burden.
Reserve Bank officials will respond to economic growth figures and a home price slowdown as they front a parliamentary hearing on Thursday.