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Economy
Treasury chief defends Labor’s beleaguered budget
Controversial budget changes would have cut the lifetime tax benefits for the top one per cent of earners by $400,000 if implemented in 2000, Treasury says.
Economy
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Economy
‘Huge mistake’: how Howard spurred Boomer investors
The share of property investors older than 60 has more than doubled since the capital gains discount was introduced, Reserve Bank of Australia research shows.
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Economy
Resilient forgotten generation is coping, not thriving
Generation X, which sits between Baby Boomers and Millennials, are the subject of a new Australian study into how they feel about their financial future.
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Economy
RBA finds investors are older, wealthier
Reserve Bank research shows that investors may sell their properties if wealth projections from capital gains change.
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Economy
Flat-packs answer to lack of housing
Government investing in plan to have basic house components prepared off-site and delivered in IKEA-like flat-packs.
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Economy
Full steam ahead for controversial new tax measures
Government hopes legislation will pass quickly as it attempts to lay down “overarching framework”.
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Economy
Questions over application of proposed CGT changes
Treasurer wants changes to be applied broadly but business groups anxious they are confined to property.
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Economy
Latest inflation figures give RBA ‘space’ to consider next rate rise
CPI fell month on month but trimmed mean inflation rose slightly, which will give Reserve Bank cause for reflection.
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Economy
Message to Federal Govt: We don’t have enough homes
Housing Industry Association says Budget measures don’t address fundamental issue of housing supply.
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Economy
Tax changes ‘difficult but incredibly important’
Housing minister says the new tax measures will ‘have a modest affordability effect on house prices’.
Economy
Labor happy with softer housing market
Tax changes in the federal budget are already helping to level the playing field, according to the housing minister.
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Economy
CPI tipped to fall but don’t get too excited yet
Economists say a reduction in fuel taxes will help inflation but the RBA may not be moved to stall interest rate hikes.
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Economy
Coalition plan to ‘incentivise more investment’
Bold move to increase capital gains tax discount which will ‘get money moving where it is needed’.
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Economy
Population has quickly turned against Budget measures
Advocacy group says government has done a bad job in selling their tax changes to the Australian people.
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Economy
Greens need more if Labor is to get their support
Senator says the government has ‘pulled up the drawbridge’ in front of young people with its Budget measures.
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Economy
Jobless rate sparks predictions of interest rate hold
Weakening jobs market points to Reserve Bank maintaining status quo on interest rates … for the time being.
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Economy
‘Out of touch’: businesses blast ex-PM
Labor luminary Paul Keating has been panned as “out of touch” with the modern realities of owning a business after backing controversial tax changes.
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Economy
‘Structurally sound’: Keating backs budget
Former prime minister Paul Keating is backing the budget, especially changes to the capital gains tax, as businesses continue to criticise the measures.
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Economy
Property purchases down as interest rate shocks hit
Rising living costs and interest rates are hurting housing sales, with a sharp downturn in loans and investor lending.
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Economy
Surprise unemployment jump eases interest rate fears
The Australian labour market has shown signs of softening as tens of thousands of people register as unemployed, boosting hopes of a Reserve Bank rate hold.
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Economy
Budget to reveal state’s big debt recovery mission
After the last Tasmanian budget led to a snap election, Treasurer Eric Abetz is expected to chart a path to sustainability in this year’s books.