Millions of workers on industry awards will get a 4.75 per cent annual pay rise, but minimum wage earners will receive a larger boost of six per cent.
Dwelling approvals have fallen a further 3.4 per cent, as the treasurer tries to downplay the impact of tax changes on property prices.
Rising interest rates, poor affordability, budget tax changes and a political shift towards lower migration could spell the end of a 30-year housing upswing.
Future generations will be left with a "multibillion-dollar debt bomb" if the coalition repeals proposed tax changes, the treasurer warns.
The industrial umpire will likely hand minimum and award workers a wage rise that sits between employer recommendations and more ambitious union calls.
Tony Abbott has spoken out against other conservative parties, but his vocal nature could cause trouble for Opposition Leader Angus Taylor.
Analysis shows Sydney and Melbourne house prices may decline but borrowers have lost a big chunk of their budgets.
Housing minister says the government's policy will 'lift the number of homes being built by 420,000'.
Rent prices rose during May as research firm expects less investment in the housing market due to Budget measures.
Raft of figures released this week will be closely monitored by the RBA, including national home prices.
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