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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’.
News
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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.
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Economy
RBA watches jobs figures for inflation clues
Westpac economists expect July jobs figures to show a rise in employment of 15,000, down from June, which should keep the unemployment rate steady.
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Economy
Property-owning pensioners could get less public money
A change to the nation’s deeming rate from September will decrease the pension offered to seniors who own assets.
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Economy
Click, click, boom: AI mania and war trigger rate fears
Insatiable demand for computing power has pushed up prices for technology products, driving up imported inflation to Australia, a Reserve Bank official says.
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Regulation
Millions of dollars caught up in mortgage fraud
AUSTRAC says ‘warning signs were found across banks that together cover the vast majority of Australia’s mortgage market’.
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Economy
Bipartisan support leads to closing of widow’s tax
Coalition joins Labor to close widow’s tax loophole as it agrees to support changes to NDIS funding.
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Property
Escaping to the country affected by market slowdown
Data firm says ‘softer buyer demand is becoming more evident, with fewer markets recording the strong growth seen earlier this year’.
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Economy
Road blocks still ahead for national and state budgets
Peak body noted the potential risk of a housing market slowdown on property tax revenue, particularly stamp duty.
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Economy
Fresh data shows national wage growth has slowed
Stats chief says ‘decline in the share of jobs with larger wage rises has contributed to slower wage growth overall’.
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Property
It’s inland mining region’s time to shine
Real estate body says ‘people are starting to look to more affordable areas, such as Kalgoorlie-Boulder’.
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Economy
Labor to better protect your super against dodgy schemes
Assistant treasurer says ‘reforms are designed to disrupt some of the most damaging business models operating in the system’.
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Property
Unions get behind push for more public housing
ACTU boss says ‘every country that has supported significant increases in public housing sees the benefit multiple times over’.
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Economy
Retirement savings to be ‘decimated’ under early access
The treasurer has cautioned against a push for Australians to dip into their super early to deal with cost-of-living pressures.
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Economy
States urged to back data centre plan
One state’s plan to act on the water and energy use of fast-tracked data centres could be a blueprint for national reform, a climate group says.
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Economy
Jobs data and a fireside chat: the economic week ahead
Unemployment and wage figures are the pick of the week’s economic data, while traders will tune in to a “fireside chat” with the Reserve Bank deputy governor.
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Economy
‘Don’t stuff it’: Labor relishes One Nation super fight
A call to expand early access to retirement funds to tackle cost-of-living pressures from Pauline Hanson has given the government a boost in a busy week.
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Economy
Real estate group in the red after messy offshore exit
Real estate and construction group Lendlease continues to struggle against a heavy share price, leadership departures and its exit from global operations.