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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

Reserve Bank leaves interest rates on hold for now

Australian households have received some rare good news with the Reserve Bank voting unanimously to leave the cash rate target unchanged at 4.35 percent. Despite this,

Australian growth falters in accelerating world

Australia was one of only five G20 countries to experience weakening economic growth in the first quarter of 2026. Figures released by the OECD last night showed that

Industry says tax changes will mean 9000 fewer homes

Proposed tax changes will result in fewer homes being built at a time when Australia desperately needs more, a peak property group said today. The Property Council, in

‘Staggering’ jump in the cost of building an apartment

Houses in Queensland are shrinking in size but costing more, and the state now has the highest costs for building new apartments on the East Coast. A Master Builders

Retirement decisions becoming harder in fragile system

Longer life expectancy, rising living costs and market instability are putting increased pressure on retirees trying to achieve sustainable income. Many are likely to

Global economies are teetering on the brink

The world’s major economies are delicately balanced, with prospects highly dependent on the speed of resolving the Middle East conflict. The OECD’s latest Economic

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