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Economy
Falling bank stocks weigh on Australian shares
High interest rates, stubborn oil prices and a tough lending environment are weighing on bank earnings, spooking cautious investors.
Economy
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Economy
Construction costs ‘main barrier’ to increasing house supply
Latest economic survey says ‘property professionals have lowered their expectations for house prices’.
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Economy
Trust tax set for inquiry as businesses question costs
The Greens are set to kick Labor’s proposed 30 per cent minimum trust tax to an inquiry, giving businesses more chance to protest the proposed changes.
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Economy
More rate hikes loom as inflation tops rich nation list
Australia’s inflation rate is forecast to remain above the Reserve Bank’s target range amid rising oil, tech and agricultural prices.
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Economy
AI could widen gap between have-nots and have-lots
Labor is banking on AI to drag Australia out of its productivity malaise, but one MP is concerned it could widen inequality between workers and the wealthy.
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Economy
Living costs bite into rental market
National rental growth slowed to 0.5 per cent in the September quarter, an industry review has revealed. Vacancies were up as cost-of-living continues to cut deep.
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Economy
New migrants: Proud but anxious Aussies
Migrants value their Australian identity and feel they are improving productivity and innovation despite concerns with skilled migration settings from industry.
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Economy
‘Loud and clear’: tax surcharge about-face defended
The government has defended its position on changes to card surcharge payments, but the coalition says it’s clear its counterparts don’t understand business.
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Economy
Tax changes ‘crack the nut’ on housing affordability
Property investors and real estate agents are reeling as Australia’s housing downturn deepens, but for young Australians the positives are growing.
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Economy
Reserve Bank to keep eyes on latest employment numbers
Economist says ‘slack is continuing to build in the labour market even as headline employment growth remains resilient’.
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Economy
Tax Office does an about face on credit card payments
Treasurer jumps in to stop November deadline, announcing extra funding for the Tax Office through to next year.
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Economy
Builders will be adversely affected by ATO decision
Housing body says the change ‘removes a tool some businesses use to manage the timing of payments and maintain cash flow’.
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Economy
Aerotropolis investment hitting new heights
NSW minister says ‘Bradfield is developing into a new global hub for innovative industries and advanced manufacturing’.
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Economy
Elevated spending ‘could be a problem’ if revenues decline
Leading economist says ‘making permanent promises off the back of temporary windfalls is the oldest mistake in the budgetary book’.
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Economy
Immigration policy to be a bonus for renters
One Nation says ‘we will reduce the number of temporary migrants and unlawful non-citizens, giving housing breathing space’.
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Economy
Melbourne welcomes you with a smile
Tourism boss says award is ‘testament to the wonderful people and tourism operators that proudly welcome visitors to Melbourne’.
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Economy
Skilled migrants are a necessity in South Australia
New report says ‘that trying to strike the lowest migration number in political discourse doesn’t serve our regions well’.
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Economy
Growing population not answer for economy
New report on Australia’s economic status says ‘households will continue to experience recession-like conditions’.
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Economy
Now Coalition wants less people arriving
Opposition leader says ‘we want people coming to this country who are committed to the future of our country’.
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Economy
Aussies paint picture of doom and gloom
Experts say ‘sentiment has been extremely weak for the longest period since the “disastrous” recession of the early 1990s’.
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Economy
Still plenty of headaches ahead for the Reserve Bank
Economic expert says ‘the broader background highlighted in the Governor’s statement is of demand outstripping supply’.