The nation’s biggest bank says Australia must break its addiction to taxing income and rein in “unsustainable” government spending growth.
Matt Mckenzie
Surging rental prices in Perth now account for more than 60 per cent of a single person’s weekly disposable earnings in what has been described as another hit to already stretched household budgets.
Cheyanne Enciso
Australia needs another economic golden age to succeed in a world ditching free trade and pursuing the energy transition, RBA deputy boss Andrew Hauser has said.
The Reserve Bank has given the middle finger to analysts and financial traders by holding interest rates steady on Tuesday. Rightly so.
Australian businesses are showing signs of a revival after a rocky start to 2025, with new bank data suggesting conditions are ‘stabilising, if not starting to turn around.’
Michele Bullock says the Reserve Bank wants to make sure inflation has been “nailed” after defying markets to hold interest rates steady today.
Australia’s house prices are rising thanks to interest rate cuts, but experts warn the market won’t repeat the 25 per cent boom seen in 2021 as worsening affordability limits growth.
Cameron Micallef
The Reserve Bank is hotly tipped to cut interest rates for a third time on Tuesday but one economist has declared the near-certainty in markets over the looming decision “bewildering”.
Roger Cook might be walking into a nightmare thanks to his government’s obsession with making stuff in WA. Plus: Will Warren Pearce make the big move?
Prime Minister Anthony Albanese says America’s ‘Liberation Day’ tariffs will have little impact on Australia and has taken aim at US President Donald Trump’s favourite word.
Katina Curtis
Australians are $6 trillion richer than before the pandemic — on paper — as new numbers show how inflation and the housing affordability crunch have shaped the nation’s distribution of wealth.
Almost one-in-five WA business leaders are heading to sleep at night worrying about Donald Trump’s trade war and conflict in the Middle East, with their outlook on the economy getting gloomier.
Australian gold exports are expected to hit $56 billion next financial year after political uncertainty sent the commodity’s price rocketing.
Westpac has become the third big four bank tipping an interest rate cut in July but chief economist Luci Ellis warned the decision would be line ball.
Hopes for another interest rate cut have been boosted by slowing inflation but economists have declared the RBA will have a “close” decision at its meeting next month.
Jim Chalmers has moved to get ahead of looming fuel price pain by ordering the corporate watchdog to keep an eye on petrol bowsers, as Middle East tensions send oil markets on a rollercoaster.
Think the GST deal is bad? Shock new figures show WA gets ripped off across the board.
A $15 billion plan to upgrade economic infrastructure and ‘make more things’ in WA will need to grapple with a severe worker shortage and the threat of rising costs.
Matt Mckenzie & Simone Grogan
Rita Saffioti has declared the test of her economic success will be jobs, as she unveiled a budget to ready Western Australia’s economy for trade war chaos and Middle East conflict.
Australia’s jobless rate held steady in May despite a dip in the number of unemployed and a marginal fall in the participation rate, fuelling hope of further rate cuts.
Daniel Newell
Escalating Middle East tensions pose the threat of renewed cost of living pressure just as the Reserve Bank turns attention to easing interest rates and boosting the sluggish economy.
Insolvency experts have warned that Western Australia looks set for a surge in business collapses as the Australian Taxation Office clamps down on ageing debts.
Surging government borrowing across the world could push up interest rates and investors have been told to brace for repeats of the April volatility sparked by Donald Trump’s trade chaos.
The Big Four bank has made its prediction on when mortgage-holders are likely to get the next rate cut, and it defies market expectations.
