The Sydney property market creates shocks that spill over to other capital cities, and Hobart is the worst affected, new research shows.
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Tony Abbott has exhorted the government to stand up for reform and avoid new spending that does not promote growth.
Bill Shorten has proposed specific changes to the budget’s controversial superannuation reforms, which have been under attack from the conservatives in the Coalition ranks.
Bill Shorten on Wednesday will propose a budget repair package worth $8 billion over the forward estimates.
Scott Morrison has formally ruled out Chinese companies obtaining a 50.4% share of Ausgrid.
Moody’s has reaffirmed Australia’s AAA credit rating, as Malcolm Turnbull seeks to put pressure on Labor and crossbenchers to pass measures to help repair the budget.
Scott Morrison has rejected Chinese bids for the 99-year lease of 50.4% of Ausgrid, the NSW electricity distribution system, for security reasons.
The challenges ahead for Australia include sustaining a stronger growth outlook.
Malcolm Turnbull has announced that the heads of Australia’s big four banks will be grilled annually by the House of Representatives economics committee.
Malcolm Turnbull has sternly told the banks they should pass on the whole of Tuesday’s rate cut - or their chief executives must explain why they are not doing so.
Economists are divided on whether the latest interest rate cut to 1.5% was needed, as the RBA tries to boost inflation and growth.
The Productivity Commission says existing oversight is adequate to deal with misuse of market power.
A $2 billion welfare crackdown is the main contributor to new savings announced by the government to improve the budget by $1.1 billion across the forward estimates.
The Coalition says it has costed its additional expenditure and will deliver $2.3 billion in savings, in contrast to Labor.
Labor has unveiled its costings, showing it would have a deficit of around $16 billion higher across the forward estimates than that shown in the Pre-election Economic and Fiscal Outlook.
Financial markets appear to have been caught off-guard by Britain’s decision to exit the European Union, believing it would remain.
A Labor government would toughen the means test on Family Tax Benefit A end-of-year supplements.
The opposition will attempt to strengthen its economic credentials by announcing on Friday a package of savings to help pay for its policies and improve the budget bottom line.
The new venture between Melbourne and Monash Universities will help bridge the gap that exists in commericialising medical research.
Analysis tweets from the debate between Treasurer Scott Morrison and Shadow Treasurer Chris Bowen at the National Press Club
Agriculture Minister Barnaby Joyce has announced a package of concessional loans and facilitation of access to assistance for the beleaguered dairy industry.
Relying on a rebound in world growth in the medium term would be a ‘dangerous strategy’ for Australia.
Bill Shorten has claimed savings of $71 billion over ten years – most of it from rejecting almost all the budget’s company tax cut.
The Turnbull government has promised company tax cuts to stimulate investment and action to prevent middle-income earners moving into a higher tax bracket, in a budget that will launch its election campaign.
Fears of deflation have prompted the Reserve Bank of Australia to act on the eve of the federal budget.