Labor swings axe at parents
SHORTEN has announced a raft of budget savings it will make in government, including this lead balloon for parents.
Australian Economy
Our taste in cars has totally changed
AUSTRALIA, a revolution is taking place. The cars we’re buying have changed dramatically. And it’s a bad time to be a Suzuki Swift.
Put $1 in, get $2.39 back
MALCOLM Turnbull has seized on modelling showing his signature $48.2 billion business tax cuts will deliver a consumer benefit.
Labor prioritises schools, roads and NBN
BILL Shorten will promise a balanced Budget by 2021 — without nasty spending cuts up front — with a focus on education and infrastructure.
Bill Shorten’s stunning backflip
WELL this is awkward. Bill Shorten 2016 is facing his most furious opponent: Bill Shorten 2011. Here’s how the debate went.
Force holding your income back
IF YOU haven’t had a pay rise in a while, you’re not the only one. So why, if our economy is doing so well, aren’t we seeing the benefits?
Don’t whinge about the minimum wage
DESPITE some complaints over Australia’s latest rise in minimum wage, how do we compare to the rest of the world?
PM welcomes surprising boost to economy
MALCOLM Turnbull’s economic credentials got a boost today with news Australia’s economy grew by 1.1 per cent in March, beating expectations.
The list where Australia ranks #17
AUSTRALIA prides itself as being one of the best countries in the world, but there’s one area where we fall well below our peers.
What our lives will be like in 2056
BY THE middle of the century, life will be entirely different – and absolutely insane. This is what you can expect.
NSW’s population tipped to double
AN AGEING population will put pressure on NSW finances, a new Government report has revealed.
Australia’s $180 billion problem
AUSTRALIA is drowning in red tape, and it’s costing us more than $180 billion every year. There’s a simple solution though.
Was ScoMo behind embarrassing leak?
TREASURER Scott Morrison might have had a sneaky hand in the latest embarrassment to confront stumbling Labor frontbencher David Feeney.
Why NSW’s winning battle of the states
IT’S predicted to be the first trillion dollar state but how did NSW go from economic dunce to dux and will it make any difference to your hip pocket?
Our politicians’ most outrageous perks
APPARENTLY, the six-figure salary isn’t enough. Our politicians are claiming plenty more extravagant perks at your expense.
Pollies 10 most outrageous expenses
THE expenses scandal just continues to grow. These are the most questionable extravagances that your taxpayer dollars have funded.
Reason you’re eating out less
HAVE you been wining and dining less recently? There may be a simple explanation for it.
The pay rise winners and losers
NEW data shows wage growth in Australia is at its slowest level in history. But there is some good news if you’re looking for a pay rise.
Problem worse than negative gearing
WHILE everyone has been harping on about negative gearing, we’ve all forgotten a tax dodge the rich love even more.
This is why you’re getting poorer
WELL, it was good while it lasted. New data shows we’re worse off now than since at least 1997 — and quite possibly since the late ‘60s.
The government couldn’t be more wrong
PETER Dutton paints a picture of “illiterate” refugees soaking up welfare and jobs. This is why he’s dead wrong.
Insurance: why I don’t bother
WE NEED it right? Wrong, says Jason Murphy. Insurance is like a casino, where the house always wins, and always wins big.
‘Why should Australia bail them out?’
THEY’RE the Aussies dependent on Canberra’s cash but Norfolk Islanders are in a furious war of words with over plans to end their unique status.
Australia at the point of no return
THE writing was already on the wall, but a graph in last week’s budget buried this. Australia, it’s time to forget about making stuff.
Treasurer dismisses house price warning
A BRIEFING note from the Reserve Bank has suggested that restricting negative gearing could be good for the economy.
Australia’s flourishing black market
THE tobacco price hike may sound like a great idea, but it’s fuelling a dangerous and illegal trade linked to organised crime.
The best ways to use your 5c coins
THE five cent coin is the black jelly bean of Australian currency. Nobody wants anything to do with it, but it has plenty of uses besides being spent.
Australia’s next RBA Governor
RESERVE Bank of Australia deputy governor Philip Lowe will replace outgoing chief Glenn Stevens, Treasurer Scott Morrison has revealed.
Bank refuses to pass on record rate cut
HOME owners with one of the big banks are likely to be angry, as it plans to hold onto a hefty chunk of the rate cut.
‘Cheap magic trick’ hidden in this graph
HOW should you feel about the 2016 Budget? In one word: suspicious. Some things, like the lines in this graph, just don’t add up.
‘It’s time we shut this party down’
WALEED Aly has dived into the debate over negative gearing in no uncertain terms, saying it’s “time to shut this party down”.
The state sneaking up on NSW
NSW still has the best performing economy in Australia. It’s dominating most other states, but one competitor is snapping at its heels.
The reality a 30-minute city
MALCOLM Turnbull has got us excited about living in cities we get get around within half an hour. Sounds great, right? This is the reality.
Aussies ‘on a different planet’
AUSTRALIANS are deluding themselves, and we need to radically change our approach to China, an expert says.
$50m plan to transform our cities
TIRED of spending hours every day stuck on clogged roads or crammed transport? Malcolm Turnbull wants to fix it.
Australia’s $1 billion black hole
IT’S had more than $1 billion of taxpayer funding thrown at it, but few of us know how the money is being spent.
Train chaos to continue this morning
CHAOS across parts of Adelaide’s train network will continue today, with electric trains replaced by diesel locomotives on the Seaford line.
Why you’re not getting a pay rise
WHEN the cost of living retreats — as in, deflation — it creates some positives and negatives for the economy. Malcolm Farr explains.
Public transport pains here to stay
THERE were billions splashed about for public transport in Melbourne, but nothing to fix the three things that drive commuters crazy.
Victorian Budget: What’s in it for you
WITH big dollars splashed out for public transport, roads and students, these are the big winners from today’s Victorian Budget.
‘They don’t even know where Victoria is’
THE Victorian Treasurer has come out swinging against Malcolm Turnbull, saying he is “incapable” of delivering for the state.
$10.9bn plan to ‘transform’ city
MELBURNIANS have had a massive win, with the government backing a mammoth project that will change commuters’ lives.
Uni students face 40 per cent fee hike
A FOUR-year university degree will cost students thousands more if the government’s plan to deregulate university fees and slash funding goes ahead.
Baby has a house, and you don’t
MALCOLM Turnbull thought he’d win support by posing with this suburban family. Instead, the photo opportunity has backfired.
Australians are getting screwed
FROM petrol prices to plane tickets, Australians are paying through the nose. And it’s for one very simple reason.
Brace yourselves for 10 weeks of hell
A STRANGE thing happens to Australians during election campaigns, and these 10 weeks are going to be worse than ever.
Simple reason we need super changes
FOR those who still need a reason to support a crackdown on super, there’s one glaring perspective you need to consider.
Island mutiny: ‘Don’t call us Australian’
MEET the tiny island which is having kittens over becoming part of Australia. When Norfolk Island got into trouble it called on us for help but they had an interesting demand.
The ‘second capital city’ we need
NEW research shows that Queensland needs a “second capital city” or the state will come to a grinding halt.
Drastic move for Generation Rent
IF YOU are sick of hearing bad news about the housing market, then you really need to consider this one piece of advice.
What our new $5 could have been
AUSTRALIA’S new fiver has been savaged and even compared to vomit. So, how did we get our new note so wrong when other countries got theirs so right?
Why we’ll never get fast trains
HIGH speed rail is awesome. Amazing. Breathtaking. But this is why you should hope Australia never, ever gets it.
Australia’s AAA rating at risk
THE National Australia Bank has warned that Australia faces losing its AAA credit rating, unless spending is reined in for the Federal Budget.
‘I’d rather spend $80k travelling’
EXCLUSIVE new research has revealed the real reason gen Y aren’t buying property. The great Australian dream has changed.
The $5bn rail line that may never be built
IS AUSTRALIA’S most on-again, off-again public transport project finally about to happen? Probably not. here’s why.
Australia’s very own Detroit
WITH old industries on their way out, one state is undergoing a radical change. The effects on people living there could be devastating and long-lasting.
The town on ‘knife-edge’ of collapse
IT IS the second biggest regional town in South Australia but some say it could be wiped out in an instant.
Is Gen Y dreaming an impossible dream?
THEY’VE been told the sky’s the limit. But an average career isn’t good enough for Generation Y, they want to be living the dream.
Arrium bombshell could cost 8000 jobs
THE Federal Government has asked banks to allow Arrium to trade out of insolvency, with thousands of jobs now at risk.
‘Could bring nation to its knees’
FORGET about government deficits and the “budget emergency”. There’s a bigger problem staring us in the face.
Got a uni debt? Prepare to pay up
A CRACKDOWN on uni loans is seeming more likely after new analysis showed just how much they will cost the government.
Whoa, what happened this week?
MALCOLM Turnbull had a big week, floating ‘once in a generation’ reforms. But by Friday his ‘ideas boom’ had busted.
The pros and cons of Malcolm’s big plan
THE response to Malcolm Turnbull’s education bombshell has been broadly negative. Is that fair? We’ve gone through the pros and cons.
Awkward question Malcolm couldn’t avoid
MALCOLM Turnbull is trying to sell a big reform to the tax system but he could not avoid this one uncomfortable question today.
‘Good luck selling that to Australians’
TONY Abbott rejected it as an idea. But could we soon be getting what no one really wants: more taxes?
Malcolm’s big call explained
ABCC? Double D? If you’re confused about exactly what our leaders are on about, you’re not alone. We lay it out simply for you.
Bad news for those with uni debt
MANY university and other graduates never pay off their student debt but a government crackdown may force them to start paying their debt back sooner.
Is it time to cut Tasmania loose?
TASMANIA, we love you. You’re a beautiful place. But after years hiding at the bottom of the map, the game is up.
Shopper warning: don’t expect discounts
THE Australian dollar has staged a strong rebound despite fears early in the year of a slump to US60c. But where it goes next is anybody’s guess.
Malcolm Turnbull hints at big tax changes
MALCOLM Turnbull has confirmed there will be “important changes to tax” as he continues to fight the tag of being a do-nothing prime minister.
Hidden cost of Madonna’s tardiness
IT’S not just her fans waiting for the star to get on stage — there’s venue staff, trains and a whole lot more. And everyone is paying for “Madonnatime”.
Turnbull moves on competition policy
THE conduct of big business will come in for greater scrutiny under a new competition policy to be adopted by the Federal Government.
Dire prediction for Sydney traffic
SYDNEY motorists face the same grinding congestion as Mexico City by 2035 with 40-minute trips stretching to two hours in peak times.
‘It’s just a costly opinion poll’
HOLDING a plebiscite on the issue of marriage equality could cost the Australian economy upwards of half a billion dollars, according to new data.
‘W*nker tax’ draining our savings
TWO-THIRDS of Australians are concerned about rising bills yet our ‘set and forget’ attitude lets thousands go down the drain. It’s time to take control.
Is owning a home a good idea?
ARE you one of thousands complaining about expensive housing prices? It turns out buying a house may not be the best decision.
Is it time to boycott the Census?
HOW much should we trust the government? That’s the eerie question on Australian citizens’ minds after revelations about the 2016 Census.
Stop whining, Gen Y, you’re OK
WE constantly hear millennials moaning that older people are better off, but figures show that in Australia, they’re far from in crisis.
Rents down everywhere (except Sydney)
EVERYTHING else might feeling like it’s going up in price but your rent shouldn’t be. That is unless you’re unlucky enough to live in one of three cities.
If you’re anxious, this could be why
ANXIETY is endemic among young Australian women, and there’s a $123.4 billion reason why.
Original URL: https://www.news.com.au/finance/economy/australian-economy/page/162