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Economy
Treasurer downplays property tax windfall from budget
Jim Chalmers is talking down the amount of extra revenue that changes to negative gearing, and the capital gains tax discount will add to the budget.
Economy
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Economy
Chalmers proposes to deliver a ‘very responsible Budget’
Middle East conflict has left Australians ‘paying the price’ but treasurer warns of more pain to come.
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Economy
Billions in the coffers with major property tax changes
Senior economist predicts changes to negative gearing and CGT will reap massive rewards for the nation.
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Economy
Impact on inflation from fuel price hike to be revealed
The first inflation figures since the Iran war started, causing petrol prices to skyrocket, will give clues on its cost – with homebuyers watching closely.
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Economy
Build it and they will come is philosophy around Bradfield
Government is confident people will gravitate to the new town situated near the Western Sydney airport.
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Economy
Big bank acts as Middle East crisis rolls on
National Australia Bank has followed Westpac to apply new measures to head off the impact of the Middle East conflict on its balance sheet.
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Economy
Budget is perfect time to be ‘bold’ about reform
Businesses calling for less red tape as changes to capital gains tax still a strong possibility in the Budget.
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Economy
Keep the faith or run the risk of return to high inflation
Reserve Bank needs to retain credibility as it battles to halt inflation and manage interest rates in tough climate.
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Economy
Underlying inflation is ‘very bad news for households
Mortgage holders could be hit by five more interest rate hikes before Christmas if there is no resolution to the Iran war soon. Data released by the Australian Bureau of Statistics on Thursday showed the nation’s labour market was still in good shape, with the unemployment rate holding steady at 4.3 per cent in March.
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Economy
Unemployment rate stays steady despite Iran war risks
Nearly 18,000 jobs were added to the Australian economy in March, but economists are warning it could still prompt the RBA to hike rates again.
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Economy
‘Don’t panic’: cash isn’t king when it comes to super
The US war on Iran is spooking Australians who’ve watched their super pools drop tens of thousands of dollars since the conflict began on February 28.
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Economy
Jobs data to reveal first signs of Iran war impact
Unemployment data for March will be the first glimpse of how the Middle East conflict is affecting the economy more broadly.
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Economy
‘Pretty severe’: warnings for Australia ahead of budget
One of the world’s leading economic bodies has warned a global recession could be on the way if the Middle East conflict is not resolved quickly.
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Economy
Reserve Bank is still ‘unsure’ about another rate rise
Deputy governor says judging the right balance on interest rates is how the RBA ‘earns its money’
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Economy
Environmental Inquiry could see ‘less red tape’
Focus on compliance and delays in building approvals likely to start the path to faster housing construction.
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Economy
Economic uncertainty has not affected new home sales
An industry report has shown a rise in new home sales during March despite several negative factors.
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Economy
Economic inequality straining our democracy
MPs need to represent the people better and foster a greater sense of inclusion to safeguard democracy, which is under strain, the Grattan Institute says.
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Economy
Spoils of Iran war to deliver Chalmers a budget boost
The federal budget will be billions of dollars better off, even with added spending, because of higher commodity prices and inflation, a top economist says.
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Economy
RBA to sift through jobs data as world watches Hormuz
The labour market will be top of the economic agenda in the coming week, while speaking engagements from central bank officials will be closely studied.
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Economy
Major economic factors lead to easing housing market
New report points to interest rate hikes and rising inflation as reasons for housing situation slowing nationally.
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Economy
Strait closure: world economy counts cost
The economic costs of conflict are greater than severe natural disasters and can leave scars that last for a decade, the world’s “financial firefighter” says.