Fess up on housing, Albo told
The Albanese government has been told to “stop spruiking a fake promise” and admit it will not meet national housing targets amid mounting voter concern over affordability.
Economy
Markets rise on Chinese stimulus rumours
The Australian share market rose to a near record high off the back of Chinese stimulus package rumours and a better than expected global economic outlook.
Miners lead as ASX rises; Web Travel sinks 36pc on weak update
ASX 200 ends up 0.5 per cent amid gains in the US and China. TPG sells fibre, EGW assets to Vocus in blockbuster deal. Web Travel dives on update. New bosses at Lendlease, Pacific Smiles. BCA puts councils performing poorly on housing on chopping block.
Major banks hit by outage
Westpac, St George and two regional banks have been hit by an outage affecting app access and online banking, with Aussies left unable to access their money.
More Stories
China’s major move on trade blacklist
In a further sign of a thawing in diplomatic tensions between Australia and China, Beijing has lifted sanctions on three Australian abattoirs.
State that travellers are flocking to
The number of international travellers visiting Australia has soared in October, and one state in particular is a must-see, fresh data reveals.
‘Hit a wall’: Doomsday take on Aus economy
The people who control the purse strings of Australia’s biggest companies are worried about what lies ahead for the country’s economy.
Sign cash could disappear for good
With cash use in freefall and distribution services becoming increasingly unviable, RBA governor Michele Bullock is racing to fix the problem.
‘Crippling’: Proof you’re $8000 poorer
A new poll has shown Australia is “turning against” one of the nation’s key principles, after recent research showed the average Aussie was $7,848 worse off in 2023.
Surprising detail about Aussie borrowers
New figures have revealed a surprising detail about Aussie homeowners as an expert warns that 2024 could be dire.
Australia on brink of financial ‘armageddon’
Australians are flocking to Google with their mortgage woes and one in 50 homeowners are in “severe financial stress” amid back-to-back rate hikes.
Sign Australia isn’t completely screwed
As the cost of living crisis leaves us counting our shrapnel, Australia has been reminded of a silver lining, however slim it may seem.
High interest rates costing budget billions
Higher interest rates are not burning a hole in household budgets, but are increasingly hurting the federal budget as well.
Investors to be slugged by fresh tax
A bold new strategy to boost rental supply and help more Aussies find homes has been flagged with one group set to be slugged with higher taxes.
Original URL: https://www.heraldsun.com.au/business/economy/page/196