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Global job market resilient as real wages stagnate

The job market is remaining resilient across most OECD countries but real wages are at a five-year low. The OECD Employment Outlook 2026, released last night, also

Housing slump reflects broader financial distress

By Alan Duncan and Steven Rowley After years of rapid growth, Australia’s housing market is beginning to cool. Auction clearance rates have softened, prices in Sydney

Queensland dwelling approvals down 8.8% in May

Dwelling approvals in Queensland fell 8.8 percent in May as early signs emerge of market wobbles following tax changes in the Federal Budget. The Queensland fall

People have lost trust in national governments

More than 40 percent of people in OECD countries have low or no trust in their national governments. The latest OECD Trust Survey, released overnight, found that trust

Spending rises despite economic restraints

Households unexpectedly lifted spending on travel, restaurants and takeaway meals in May, creating further confusion on the state of the economy. Australian Bureau of

Housing focus ignores high levels of mortgage stress

By Rachel Ong ViforJ On Tuesday, the Albanese government struck a deal with the Greens to allow sweeping changes to negative gearing and the capital gains tax discount

Stubborn inflation keeps dodging and weaving

By Shane Rodgers The Consumer Price Index (CPI) was at a stubborn 4 percent in the year to May, giving regulators little guidance on whether it is energised or

Tax and finance changes that come into effect on July 1

By Liz Minchin and Victoria Thieberger July 1 ushers in a new financial year – and a raft of changes that will affect both workers and businesses. From changes in

Capital city to the regions drift hits a record high

Migration of people from capital cities to the regions has hit a record high as tree changers and sea changers seek out alternative housing, work and lifestyle

State business confidence dives to historic lows

Business confidence in Queensland is now worse than the levels experienced during the Global Financial Crisis (GFC) in 2008. Business Chamber Queensland’s March

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