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Economy
‘Need to do more’: Labor housing reform pledge
Australians are under financial pressure, and the government cannot “just sit back”, the prime minister says, as his treasurer prepares to hand down the budget.
News
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Economy
What is negative gearing? Tax changes in the budget
Changes to negative gearing, capital gains tax and family trusts are expected to be unveiled in the Federal Budget.
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Property
This investment will be money well spent
HIA backs government initiative to help fund infrastructure projects, which should speed up the house building process.
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Technology
Sydney-Canberra rail line to get major funds injection
Budget will allocate massive investment to begin process to upgrade the corridor and speed up travel times.
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Property
New design system to help fast-track more new homes
Pattern book set to drive the construction of more houses, and with faster delivery, in Western Australia.
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Property
CGT changes run risk of ‘less investment in housing’
Peak body warns that changes to tax concessions will not solve the shortage in houses across the country.
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Economy
Reserve Bank watching the devil in the Budget detail
Just what treasurer Jim Chalmers has in store for the economy could well influence any further interest rate moves.
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Property
Chalmers aims to fix Australia’s ‘broken’ housing market
Tuesday’s Budget flagged to have changes to negative gearing and CGT in an effort to level the playing field in housing.
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Economy
‘Inflationary’ WA handouts could inflame GST debate
A Western Australian family of five with three school-aged children will receive up to $950 cash in cost-of-living relief from the state budget.
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Economy
Billions more set in train for contentious rail project
Extra billions of dollars will be poured into a suburban rail loop as part of Treasurer Jim Chalmers’ fifth federal budget.
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Economy
‘Decline’: housing downturn looms
Higher rates and affordability pressures are threatening to push the housing market into a decline, with prices in the two biggest cities already on the slide.
Economy
Inflation, growth, rates hinge on conflict’s end
The central bank, which raised interest rates on Tuesday, has released its latest set of quarterly economic forecasts and the news is not great.
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Economy
Lenders told to ‘support customers’ facing hard times
Lenders must watch out for customers because the corporate regulator won’t take a backward step as households face hardship, the outgoing ASIC chair will warn.
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Economy
She’ll be right mate … or maybe not – survey
We have all had a sense of it for some time, but an Australian Bureau of Statistics survey just released confirms we are not the happy-go-lucky people we once were. Conditions are just getting the better of us.
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Property
Big names join to build homes cheaper and twice as fast
Corporate behemoth Wesfarmers, the owner of Bunnings and Kmart has pulled those two big names together to create a “prefab” home construction business that promised to deliver dwelling cheaper and twice as fast as conventional builders.
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Economy
We hang tough despite echoes of COVID woes
Economic echoes of the post-COVID-19 period indicate global volatility will not break Australia’s hunger for credit, lowering the odds of recession.
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Economy
Why the Treasurer won’t show us the money
Treasurer Jim Chalmers has poured cold water on suggestions the budget will include a cash splash for households for cost-of-living relief.
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Economy
Inflation, growth, rates hinge on conflict’s end
The central bank, which raised interest rates on Tuesday, has released its latest set of quarterly economic forecasts and the news is not great.
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Economy
Mid-East conflict burns fuel and house budgets
Australians have been spending more of fuel and groceries and less on life’s little luxuries as fighting continued to rage in Iran, new data has shown.
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Economy
Bank: we’ll be okay with rates but recession looms
The head of Australia’s second-largest bank is more worried about businesses delaying investment decisions than the impact of higher interest rates.
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Economy
RBA raises interest rates for third straight meeting
Mortgage holders are set to be cumulatively worse off by hundreds of dollars a month in interest payments since February after another Reserve Bank rate hike.