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Cost of living

This Month

Health Minister Mark Butler and Prime Minister Anthony Albanese are set to unveil the biggest investment in Medicare in 40 years.

Albanese makes $8.5b Medicare overhaul his signature election policy

The prime minister will make Medicare the centrepiece of his re-election campaign, promising to spend big to eliminate patient costs for visits to the doctor.

RNA Board Meeting

Inflation will tell if RBA’s pre-election cut is the right call

We don’t doubt Bullock and the board have conducted themselves independently. Yet, the RBA’s credibility will finally depend on whether inflation continues to fall.

Chai Sharma, a 39-year-old tech worker who lives in Sydney’s north-west, says while Tuesday’s rate cut is a relief, he’s not about to launch into a spending spree.

In the mortgage belt, rate cut offers little comfort for Albanese

Chai Sharma, a 39-year-old tech worker paying off a $1 million mortgage on his first home in Sydney’s north-west, welcomed some rate cut relief but won’t launch into a spending spree anytime soon.

Treasurer Jim Chalmers says the reforms to the RBA will improve its decision making process.

Bullock and the board playing dice with Australia’s economy

The Australian public needs more than a good luck charm to finally tame inflation and our ongoing cost-of-living crisis.

January

CEOs are keeping a close eye on RBA governor Michele Bullock’s interest rate calls and press conferences.

No side of politics has a plan to make you better off

The depressing reality is that no party can convincingly articulate a strategy to improve Australians’ fortunes in the next three years and beyond.

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Constance Wu as Rachel Chu in Crazy Rich Asians - many families across the region are dealing with an erosion in household wealth.

The great ‘Asian dream’ has hit a roadblock

Across the continent, middle-class families are forced to rethink spending priorities as household wealth erodes. What can policymakers do?

Treasurer Jim Chalmers has admitted the budget will be “a bit weaker” than forecast in May, as Deloitte warns of a record-breaking deterioration in the bottom line.

Labor’s social spending budget blows out by $26b

The Albanese government’s spending on aged care, disability, medicines and childcare – where it will campaign – is $26 billion higher than first budgeted.

Some Sydney private schools will be charging more than $50,000 a year.

Private schools raise fees at three times rate of inflation

For a decade or more, private schools have increased their fees by far more than the CPI. This year is no different, and schools have a range of explanations.

Prime Minister Anthony Albanese and Opposition Leader Peter Dutton.

Labor’s risky election strategy takes shape

It’s only a few days in to this federal election year and already Labor and the Coalition are rehearsing their lines.

December 2024

A range of Labor’s cost-of-living relief measures will come into effect on January 1, meaning some voters will have a bit more cash each week ahead of polling day.

January 1 brings cash boost for some ahead of election

A range of Labor’s cost-of-living relief measures will come into effect on New Year’s Day, meaning some voters will have a bit more cash each week before polling day.

From pricier passports to cleaner cars, January 1 will bring a wave of changes that will hit your finances, your workplace, and even your kitchen benchtop.

New year, new rules: all the January 1 changes you need to know

From pricier passports to more fuel-efficient cars, the start of the year will bring changes that will hit your finances, your workplace and even your kitchen.

Queensland Nationals MP Keith Pitt will retire at the next election.

Labor to have a swing at Hinkler after Pitt calls it quits

The unpopularity of federal Labor in Queensland makes it unlikely it will pick up Keith Pitt’s seat of Hinkler, around Bundaberg.

Prime Minister Anthony Albanese and Opposition Leader Peter Dutton.

Labor has left it too late for an early election this time

This year, the polls, the economy and the budget have all got worse for the government, and it has run out of room to go to voters before the end of its term.

Labor striking right budget balance between relief, repair and reform

We know that if Peter Dutton and the Coalition were in charge, Australia would be in recession.

Vanessa Hudson, Vik Bansal and Andrew Irvine.

Profit-bashing won’t help Australians become better off, CEOs warn

Politicians and regulators going after big business was one of the features of 2024. Has it gone too far, and if so, what can be done to restore the balance?

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CBA boss Matt Comyn, Macquarie CEO Shemara Wikramanayke and Wesfarmers CEO Rob Scott.

‘Australia is falling behind’: 55 CEOs demand election action

Top chief executives say the next federal government must make the nation’s crippling regulatory burden and housing supply top priorities.

From top: Seven Group’s Ryan Stokes, Woodside’s Meg O’Neill and Telstra’s Vicki Brady.

CEOs reveal their asks for the coming election

With a federal vote due by mid-May at the latest, Australian business leaders highlight what they think the government and opposition should focus on to win.

The King’s School has taken the mantle of Australia’s most expensive school.

Private school fees to rise at almost triple the rate of inflation

Prestigious schools have been gradually contacting parents over the past few weeks announcing new fee schedules for 2025. 

Prime Minister Anthony Albanese at Manuka Childcare Centre in Canberra on Thursday.

PM to scrap childcare activity test, fund centres in ‘deserts’

Anthony Albanese has unveiled the first big steps towards delivering universal and affordable childcare.

November 2024

Finance Minister Katy Gallagher, Treasurer Jim Chalmers and Prime Minister Anthony Albanese on Friday.

Albanese dangles childcare package in pitch to voters

Labor’s new childcare policy will not be legislated until after the election, making its delivery contingent on re-electing the government.

Original URL: https://www.afr.com/topic/cost-of-living-jfq