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Economy
Nationals leader eyes economics showdown with Liberals
Matt Canavan plans an “economic revolution”, but he might struggle to win over coalition colleagues with his calls for more tariffs and government intervention.
Economy
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Economy
Canavan has big plan to put Australia ‘on steroids’
Nationals want to invest in all forms of energy to help lower prices and even build new cities to allow more home ownership.
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Economy
Melbourne is firmly on track to overtake Sydney
ABS figures show the Victorian capital is closing the margin when it comes to population in our biggest cities.
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Economy
Surcharge fees scrapped in $1.6b consumer victory
Removing surcharge fees on card transactions will mean punters know what they owe a business before they head to the till, the Reserve Bank says.
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Economy
Top forecaster’s dire prediction if Iran war drags on
Australia could enter a recession, with the Reserve Bank raising interest rates a further three times, economists warn as fears of a protracted conflict mount.
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Economy
Revealed: the reasons behind RBA’s split call on rates
Central bank watchers will get to peak into the Reserve Bank board room as minutes of a meeting that split 5-4 in favour of an interest rate hike are released.
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Economy
Calm before storm: RBA braces for spikes and hikes
The economy is expected to be hit with a savage inflation spike which will in turn increase the chances of more interest rate hikes.
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Economy
RBA frets over severe global shock from Middle East war
Spillover from the Iran war and an uptick in risky lending to first-home buyers could threaten Australia’s financial stability, the Reserve Bank warns.
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Economy
‘GST is busted’: call for fairer revenue split
With more than eight million residents to serve, NSW has had enough after it lost out again in a contentious GST carve-up of more than $100 billion.
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Economy
Spike in jobless rate unlikely to end loan hiking cycle
A rise in unemployment and a surge in hiring point to conflicting impulses in Australia’s labour market, but conditions remain relatively tight.
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Economy
Reducing capital gains tax discount on the cards in Budget
Parliamentary report has found CGT has seen the housing market lean more to investors than owners.
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Economy
Banks, miners the winners of a resilient earning season
After three years of declining profits, Australian corporations returned to growth this reporting season, led by banks including CBA and NAB.
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Economy
Aussies pump brakes as costs, rates bite
Economic data released this week will leave the Reserve Bank a little less concerned about underlying momentum in consumer demand, an economist says.
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Economy
Retirement questions a quarter of Aussies can’t answer
Aussie workers risk losing tens of thousands of dollars in retirement savings after research revealed people’s stark lack of engagement in their superannuation.
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Economy
Unemployment tipped to climb again after surprise drop
Australia’s latest jobless figures are likely to follow a trend for the year’s start after economists were wrong-footed by a surprise fall in unemployment.
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Economy
Inflation does a job on wage growth, adds heat to rates
Rising inflation has pushed real wages below the level of rising costs, which could have a big impact on the Reserve Bank’s next decision on interest rates.
Economy
Inflation set to outpace wages growth despite pay bumps
December wage data is set to remain stable, even though large sections of the workforce pocketed a rise in their weekly pay.
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Economy
One tax still off the table as treasurer weighs reform
The International Monetary Fund report is calling for a hike in the GST and other tax changes, while praising the handling of Australia’s economy.
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Economy
RBA to spell out why it delivered rates pain
Mortgage-holders will be given an insight into the likelihood of further rate hikes when minutes from the Reserve Bank’s latest meeting are revealed.
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Economy
Liberals pin hopes on housing to turn fortunes around
Angus Taylor has put housing front and centre of his priorities as the newest leader of the federal Liberal Party.
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Economy
Nobel laureate’s advice for Treasurer to fix housing
Joseph Stiglitz is something of a ‘rock star ‘in left-leaning economic circles, but his suggestions to make housing more affordable didn’t seem to convince Jim Chalmers.