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Economy
Bad news comes in twos: cash rate and CPI set to rise
Australian mortgage holders can expect more borrowing pain when the Reserve Bank board meets, with an interest rate hike almost universally anticipated.
Economy
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Economy
Light shone on Reserve Bank’s gloomy economic outlook
Treasury’s productivity assumption has been described as “unrealistically optimistic”, but the Reserve Bank’s might be too downbeat, an economist says.
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Economy
Now it’s homes before lifestyle for Aussies
Three-quarters of Australians are willing to cut back on their discretionary spending to afford a home, new data reveals, but there is a catch.
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Economy
Little incentive to have kids and no way to move out
How the cost of living and policy has impacted Australians has been laid bare in the latest update of the nation’s longest running and broadest reaching survey.
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Economy
Weather, bond turmoil to pressure economy, OECD warns
Billions of dollars are expected to be added to the Australian government’s debt interest bill as bond yields surge to 15-year highs.
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Economy
HIA: Tassie cash splash adds to home build cost
The housing industry’s peak body says Tasmania’s new home construction costs are blowing out as the state of local governments wrestle with their infrastructure.
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Economy
Why the Government’s intergenerational report misses the mark
The Federal Government’s projections for life in the next 40 years revealed in a report this week, are ambitious as they miss critical factors, says the Property industry peak body.
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Economy
Kochie on government spending: Name, shame and share the pain
Amid rocketing living costs and the prospect of further home loan rate rises, one of Australia’s most trusted business observers calls on authorities to look at their spending to help ease the burden on all of us.
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Economy
Labour pains: jobs market too hot for inflation fight
Australia’s labour market is still tight, and the unemployment rate likely needs to go up to ease persistent pressure on inflation, Michele Bullock says.
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Economy
Broad support for buying homes with super, poll shows
Most Australians want to be able to siphon from their superannuation before retirement to purchase homes as the coalition teeters on the issue.
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Economy
Coalition floats idea to super-charge home loans
Using super as collateral in securing a home loan could let workers enjoy the best of retirement and the property market, a senator argues.
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Economy
‘Bollocks’: forecast for higher living standards panned
Economists have panned Treasury’s heroic productivity assumption, which underpins forecasts of rising living standards and economic growth.
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Economy
A glimpse of what Australia will look like in 2066
Global conflict, a rapidly ageing population, the energy transition and AI will likely define Australia’s next 40 years, Treasury says.
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Economy
Our life expectancy poses health test
Australians can expect to live well into their 80s within four decades, but an aging population will pose increasing challenges for governments.
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Economy
Positive outlook but still many challenges awaiting
New report says Australians will enjoy much larger wages in 40 years from now but world economic concerns still pose a threat.
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Economy
Pinning our economic hopes on AI fraught with danger
Government says AI will help grow productivity but economists warn it is unlikely to fix housing issues.
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Economy
Data and speeches to influence Reserve Bank’s decision
RBA boss says ‘Middle East shock has made us poorer and we can’t respond to that by letting inflation get out of control’.
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Economy
Reserve Bank continues to be nervous about inflation
RBA governor says while economic growth is slowing, ‘some of these upside risks to inflation appear to be materialising’.
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Economy
Number of migrants in the country down on previous year
New ABS data has shown there were almost 18,000 less migrants joining Australia’s population year-on-year.
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Economy
Nothing Trump-like about new immigration policy
Minister says ‘this is not the sort of operation that some people have seen on TV happening in other countries’.
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Economy
Soft landing botched: IMF backs more rate rises
The Reserve Bank should “stand ready” to raise interest rates again, as the Middle East war and poor productivity growth make it harder to get inflation down.