The Prime Minister has softened his language on tweaks to a key tax that has been blamed for keeping young Australians out of the housing market.
Joseph Olbrycht-Palmer
Most Australian households have built up their mortgage buffers to ride out the impacts of higher interest rates and escalating tensions in the Middle East, according to the Reserve Bank.
Cheyanne Enciso
The Reserve Bank has warned Australian households face a “more challenging” financial period, as the impact of the Middle East conflict hits home.
Cameron Micallef
Thousands of Australians have left the workforce in February, with major implications for the future of interest rates.
Anthony Albanese has appointed a fuel supply taskforce co-ordinator as the war in Iran deepens.
Nathan Schmidt
While much of the focus has been on fuel supply, Australia could be faced with a much starker shortage should disruptions in the Middle East continue.
Ria Pandey
The consumer watchdog has announced a new investigation into the nation’s biggest fuel suppliers as petrol and diesel prices soar.
Ria Pandey, Joseph Olbrycht-Palmer
Treasurer Jim Chalmers’ sober reckoning with the Australian economy is an “admission” livelihoods are going backwards, the opposition claims.
Nearly half of the capital gains tax discounts flow to a small percentage of Australians who each pocket a staggering benefit as the housing crisis deepens.
Blair Jackson
Federal Treasurer Jim Chalmers has made a bold claim on a possible recession after the RBA warned inflation needed to be brought under control.
The world’s largest mining company and Australia’s biggest energy player have unveiled their new top bosses, in a major shake-up to the ASX.
Don’t hold your breath for Treasurer Jim Chalmers to acknowledge the Government has been part of Australia’s economic problem.
An inquiry into Australia’s capital gains tax system has made scathing findings about the country’s housing crisis.
Angie Raphael
It didn’t take the major banks long to react to the Reserve Bank’s decision to lift interest rates for the second time in as many meetings.
Treasurer Jim Chalmers has responded to the Reserve Bank’s close decision to hike interest rates, suggesting the war in the Middle East is to blame.
Australian retailers are facing a hit to second-half earnings as rising fuel prices crunch household budgets, expectations of interest rates rise and consumer confidence starts to deteriorate.
The RBA has announced its rate decision, putting further pressure on household budget, but has warned a recession is possible if inflation is not contained.
Mortgage holders have been slapped with another 25 basis point rate rise from the Reserve Bank, with governor Michele Bullock hinting aggressive monetary policy tightening could spark a recession.
Stephen Johnson
Household spending has surged despite cost-of-living pressures, complicating the Reserve Bank’s inflation battle just hours before a crucial interest rate decision.
The EU’s chief has given a candid read on where talks stand on a deal worth billions to Australia’s economy.
Homeowners already buckling under the weight of one interest rate rise in 2026 and a huge jump in the price of petrol will suffer yet more pain after the RBA lifted rates.
Daniel Newell
Some of Australia’s biggest fuel retailers, including Ampol, 7-Eleven, and BP, have been hauled into a meeting with the consumer watchdog.
Australian mortgage holders are bracing for another rate increase, which the Albanese government has acknowledged would hit households ‘hard’.
The RBA is being warned to avoid the temptation to hike rates sharply to fight the latest inflation war caused by soaring oil prices, as it did during COVID.
Jacob Shteyman
