Australian economy has ‘rare trifecta’: treasurer
Australians should get another wage boost to help them manage the cost-of-living crisis, the Albanese government says, as it moves to give people more relief.
economy
As borrowers wait to see what the central bank does next week, the federal opposition has castigated three Labor premiers for publicly hoping for a rate cut.
Official inflation data has cooled to 4.1 per cent from 5.4 per cent, in welcome news for borrowers hoping for no more interest rate hikes.
Australians are being smashed in a cost of living crisis with record weekly rent prices, as homelessness services experience soaring demand.
Update
PM considering tax cut expansion for financial relief
The opposition has condemned the government after reports it is considering overhauling controversial tax cuts in an attempt to offer greater financial relief.
The economy
Australian economy grows 0.4 per cent in June quarter
The Australian economy expanded by 0.4 per cent in the June quarter, which was better than expected, and grew by 2.1 per cent over the year.
National news
Country needs to plan for ageing population: PM
Anthony Albanese says the country needs to 'collectively plan' for an ageing demographic, as the government prepares to release the Intergenerational Report.
The latest interest rate rise has knocked consumers around and caused sentiment to sink closer to levels last seen at the start of the pandemic.
Travellers are still paying top dollar for accommodation and transport as highlighted in a newly-released inflation measure.
The Australian economy appears to be weathering the current interest rate cycle better than most had expected, prompting some observers to harden their outlook.
The pursuit of extra home space in the latter stages of the pandemic and throughout the recovery has added around 130,000 households compared to pre-pandemic levels.
The Reserve Bank is inching closer to the point it can take its foot off the accelerator but it's unclear if the central bank has done enough just yet.
Inheritance taxes, resource taxes and an attack on negative gearing: PETER MARTIN reports on how top economists would raise $20 billion a year.
The first week of the new parliament will contain some depressing news, with Treasurer Jim Chalmers on Monday softening up the community to expect a “confronting” statement on the economy.
Cartoonist PAUL DORIN is starting to feel the pinch...
The ACT has the third worst performing economy in the nation, according to the latest CommSec State of the States report.
The Canberra Liberals are calling on the ACT government to release a clear economic recovery plan after recent reports revealed Canberra to be the second worst performing economy in the country.
THE ACT is the second worst performing economy in the nation, according to a new report.
GREG Weller, HIA Executive Director, ACT & Southern NSW, has released the latest Outlook Report…
