:quality(80))
Economy
An eye on the horizon: Sydney plans for next 20 years
The state government has unveiled a 20-year plan for Sydney it says will bring 800,00 new homes, 950,000 jobs that will keep pace with its budging population.
Economy
:quality(80))
Economy
Treasurer insists housing growth is a long game
A collapse in property investor lending since the federal budget is good for the economy in the long term, the boss of the nation’s biggest bank says.
:quality(80))
Economy
‘Stop the madness’: Liberal eyes big tech, party policy
A Liberal frontbencher has called on his party to slash the construction code, cut migration, tax big tech more and freeze the NDIS to fix Australia’s malaise.
:quality(80))
Economy
‘Premiums rising at double inflation rate’
The cost of insurance is surging at nearly double the rate of inflation, Australia’s biggest insurer says, after its profit was hammered by a stormy year.
:quality(80))
Economy
Productivity putting a handbrake on economic growth
RBA boss says ‘continued weakness will constrain the economy’s ability to grow without generating high inflation’.
:quality(80))
Economy
Big bank nets big profit but warns economy is slowing
CBA boss says economy is is faced with ‘higher interest rates and inflation placing uneven pressure on household incomes’.
:quality(80))
Economy
Big drop in house prices expected moving into next year
ANZ Bank says ‘combination of restrictive interest rates, tax policy changes and global uncertainty have dampened sentiment’.
:quality(80))
Economy
Steady as she goes – but maybe not for long
Interest rates kept on hold despite inflation higher than expected and petrol prices continuing to rise.
:quality(80))
Economy
Plenty of appeal for SA property investors
In terms of the property market, things are on the way up, down in the south of the country. Adelaide is the star of the show, new data has revealed.
:quality(80))
Economy
Major bank sees drop off in housing loans after budget
Federal Labor policy changes for capital gains tax concessions and negative gearing appear to have prompted a decline in mortgage applications, a bank says.
:quality(80))
Economy
There is an upside to higher property taxes
Australia maintains its high credit rating on the back of bracket creep and increased taxed in the property market.
:quality(80))
Economy
Records smashed as Aussie share market pushes higher
A rebounding gold price is adding weight to a mining stock rally, as the odds of US interest rate hikes fall on hopes of a Middle East peace deal.
:quality(80))
Economy
Property giant optimistic dust will settle post-budget
The housing market is recalibrating in the wake of the federal budget as real estate website owner REA group finds more is being put up for sale than expected.
:quality(80))
Economy
Report reveals extent of AI boost to Australian economy
Artificial intelligence could lift productivity in Australia by up to 2.4 per cent and add an extra 44,000 new jobs over the next decade, modelling suggests.
:quality(80))
Economy
Rival plan to close Labor’s ‘widow tax’ loophole sooner
Australians who inherit an investment property from their partner won’t lose their access to negative gearing, draft laws revealed by the treasurer confirm.
:quality(80))
Economy
Rush: high gold price lifts WA job prospects
It’s a case of jobs, jobs, jobs in the West Australian goldfields as miners chase high commodity prices, rush to restart operations and build new plants.
:quality(80))
Economy
Shares soar to record highs on peace hopes
Local shares have rallied on reports the US and Iran are nearing a new peace deal, boosting confidence as investors bet on a brighter outlook for global growth.
:quality(80))
Economy
NT housing strategy step in right direction
Peak body says new plan ‘understands the important role housing will play in supporting economic growth’.
:quality(80))
Economy
Upcoming tax is ‘growing contradiction’ to housing agenda
HIA boss says ‘every month it seems there is another tax or piece of regulation that makes building homes harder’.
:quality(80))
Economy
No more ‘widow’s tax’ after changes to tax reforms
Treasurer says the fix will ‘preserve existing eligibility for negative gearing or treatment as a new build in certain circumstances’.
:quality(80))
Economy
Household spending bump: we love our EVs
Australians loosened their purse strings in June, spending their money on electric vehicles and travel despite a tough and uncertain economy, the Bureau of Statistic has found.