Australia has finally stopped falling behind on a major housing target - but one major bank is warning a price drop looms for two capital cities.
Cameron Micallef
Australian retailers are facing a frosty outlook ahead as relief from the fuel excise reduction and a wave of discounts, which helped cushion household budgets, fade.
Cheyanne Enciso
Construction businesses are collapsing at record rates just as Australia desperately needs them to build more homes, new analysis reveals.
Blair Jackson
Australia has sent more money overseas than it has received for the second quarter in a row, with these imports driving the trade imbalance.
Australia’s housing market woes continued in August amid a perfect storm of rates, budget changes and cost-of-living pressures.
The double whammy hit of higher interest rates and the Federal Government’s property tax shake-up have brought mortgage applications to a three-year low.
Teenager workers in one state are being left $115m worse off this year because of a decades-old tax rule.
Stubborn inflation has revived the threat of higher rates in the US and Australia. Wednesday’s growth figures will show if the local economy is cooling fast enough to spare borrowers any pre-Christmas hikes.
Ryan Johnson
Barnaby Joyce has made a bizarre claim in his efforts to clarify details of One Nation’s immigration policy.
Ria Pandey
The boss of Australia’s largest poultry producer has issued a stark warning about the price of chicken.
David Hannant
The Australian sharemarket has closed the week in the green - with a tech-fuelled rally pushing the market to gains Friday.
Harvey Norman has blamed the federal budget for softening consumer confidence, with three rate hikes and fuel costs compounding pressure on its sales.
Wesfarmers boss Rob Scott has blamed Australia’s inflation problem on weak productivity while reiterating the need for competitive tax settings.
Two of Australia’s major banks have made a grim prediction for frustrated mortgage holders after the latest inflation figures.
Aussie retailers are cutting stock levels and bracing for a weaker Christmas as three major issues take a huge toll.
Three out of the four big banks are now tipping the Reserve Bank to raise interest rates by November after hotter than expected inflation data.
Jacob Shteyman
Australia’s rental vacancy rate has hit its highest level since February 2022, but it may not be the welcome relief renters desperately need.
Millions of Australians on government benefits will receive a payment boost in September. Here’s all the changes kicking in.
A further interest rate hike by the end of 2026 is a live threat for Aussie homeowners after improved inflation figures failed to impress economists.
Matt Mckenzie
Australia has made progress on headline inflation but figures remain above the RBA’s target, with huge implications for mortgage holders.
Woolworths has banked a huge after-tax profit but would have pocketed nearly half a billion more without its Fair Work underpayment bill.
Australia’s inflation battle is moving in the right direction – but economists are warning mortgage holders should still brace for the worst news.
We need to encourage business to innovate, invest, grow. To increase the size of the economic pie.
The Australian sharemarket reached a two-week high despite threats from Washington overnight that ‘economic D-Day’ will be unleashed on Iran.
