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Economy
GDP numbers fuel chances of another rate hike
Higher than expected number could force the hand of the Reserve Bank as it tries to close the gap between supply and demand.
Economy
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Economy
‘Rush to conclusions’: calls for calm on house prices
Treasurer says Australians should look at the long game and that ‘there is more than one thing playing out in the housing market’.
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Economy
Major bank retreats on its housing stance
CommBank readjusts its forecast for the housing market after dwelling numbers showed a decline.
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Economy
It’s time to invest in housing
New data shows a softer market and ‘when confidence falls, fewer projects stack up and fewer homes get built’.
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Economy
Planning for retirement is not that easy
New survey shows people worry about running out of money, pointing to ongoing cost-of-living concerns.
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Economy
Retail sector bracing for economic pain
Economics expert ‘expects to see some retailers go under and you might expect to see little or no growth in employment in retail’.
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Economy
More houses coming on to the market
Cotality says ‘seasonal increase will test buyer demand, though activity is unlikely to match last year’s levels’.
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Economy
Economic constraints to soften decline in national house prices
Chief economist says ‘the recent pace of decline allows us to test how long the downturn would need to last to produce a significant fall’.
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Economy
All eyes on the country’s economic growth
Economist says ‘growth remains stuck in the slow lane but the economy appears to be stabilising rather than weakening further’.
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Economy
Paying gas charge is ‘out of their control’
Call for ‘an important fairness reform to make sure that renters aren’t exposed to ramping fixed costs’.
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Economy
Not ten pound airfare but concept is similar
Wealth expert believes housing supply issue can be greatly improved with more emphasis on attracting skilled migrant workers.
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Economy
Banks revise their thinking and now predict a rate rise
Soft consumer price index numbers will do little to assuage the RBA’s mood in lifting the interest rate at its next meeting.
Economy
Inflation drops … but not as much as forecast
A decline in electricity prices helped inflation fall but housing still the major contributor as builders pass on higher costs.
Economy
Chance of interest rate hike this year still a possibility
RBA minutes show ‘it was quite possible the upside risks to the inflation forecast would crystallise, requiring some further tightening’.
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Economy
Data centres fine but just not in your neighbourhood
Anthony Albanese says building data centres ‘means ensuring energy bills do not rise and locations are appropriate’.
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Economy
Middle East conflict could still impact our inflation rate
Economist warns ‘fuel prices are set for a larger monthly increase, which should support a re-acceleration in headline inflation’.
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Economy
Unemployment rate rise on ‘the softer side’
Economist says numbers ‘suggest that the labour market and wages will not be a source of upside inflation risk for the RBA’.
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Economy
‘Got our own plans’: treasurer demolishes housing push
The ACTU has called for a rise in the number of public houses built in its next policy fight, but the treasurer is confident the right settings are in place.
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Economy
Unemployment rate rises to 4.5 per cent, jobs fall
About 16,000 jobs fell out of Australia’s economy in July, pushing the unemployment rate up to 4.5 per cent and adding to the case for no more rate hikes.
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Economy
Widow tax loophole fixed after NDIS deal
Late-stage changes to the so-called widow’s tax will become law following a deal struck between Labor and the coalition.
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Economy
Debt to hit new high but nation’s budget outlook steady
Federal tax changes threaten states and territories’ budget bottom lines, but Australia’s fiscal outlook remains steady, a new report says.