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.
Australian Economy
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.
Why it’s all your parents’ fault
LOCKED out of housing and jobs, Australia’s younger generations are demoralised. The only way out is to throw it all out.
ScoMo’s embarrassing radio fizzer
TREASURER Scott Morrison used a new report to attack Labor this morning. But there was one small problem.
A house? Tell ‘em they’re dreamin’
WELCOME to the housing of the future. There will be no backyards and spacious kitchens, but you’ll be spoilt for choice in apartments.
Bid to make Sydney the new New York
WITH new shops, offices and skyscrapers galore, developers are keen to make Sydney the next Manhattan. But do the plans stack up?
How NBN became PM’s ‘massive mess’
IT WAS meant to be all so much easier than this. It was meant to be cheaper and we’d have it faster. So how did we get to this mess?
Treasurer won’t do anything ‘crazy’
TREASURER Scott Morrison has sent a message to Australians who are worried about sweeping changes to housing investment benefits.
Kelly O’Dwyer’s house price gaffe
LABOR claims the Assistant Treasurer has effectively torpedoed the government’s scare campaign on negative gearing after she contradicted the Prime Minister on live TV.
Unlocking Australia’s hidden resource
WITH the mining boom over, the answer to the $48 billion gap in our economy may be staring us in the face.
Radical plan to makes homes cheaper
AS POLITICIANS tinker with ways to make it easier for us to buy a house, one expert says their focus is all wrong — and he has come up with a controversial fix.
Tax changes coming your way
SUPERANNUATION and some other tax changes are to be announced by government soon. Here’s what financial commentators believe you can expect.
Why we don’t have any ‘world cities’
AUSTRALIA is blessed in so many ways and we could’ve been one of the ‘big six’. This is why our cities aren’t up to scratch.
‘We have tricked Aussies’
THE rapid population boom in Australia has conveniently hidden something we should be paying much more attention to.
Why you don’t see $100 notes around
THERE are 300 million in circulation, but there’s a reason you never see $100 banknotes. It could be quite sinister.
Change could save you $3000
EVERY household could get a $3000 boost and enjoy a better quality of life if Australia changes how it deals with one important area.
Carmageddon: cities come to a standstill
A NEW report has revealed Australia’s congestion hot spots and the billion dollars of road and rail projects we need to build now to avoid gridlock.
Gen Y is getting screwed on tax
WHILE their elders are laughing all the way to the tax office, this group of workers is getting screwed.
Why cheaper homes won’t happen
IF FIRST home buyers were hopeful that cheaper housing could finally be on the horizon, they may well be disappointed.
Real reason you can’t afford a house
AS AUSTRALIA debates ways to curb runaway house prices, former foreign minister Bob Carr says there’s a simple explanation for the high growth.
Australia’s changing faster than you think
AUSTRALIA has just reached an incredible new milestone, and more are on the way. The pressure on our country is about to ramp up.
Australian market set to open higher
THE Australian market looks set to open higher after solid gains in world stocks, easing fears of global deflation.
Turnbull ‘too rich’ to understand
THE PM has faced accusations that his seven-home portfolio means he’s too wealthy to understand the struggles of everyday Australians.
How would you like $800 a month?
IT SOUNDS like a radical idea. In fact, it is a radical idea. But is giving every taxpayer in the country $800 a month a way to fix our welfare system?
Australian share market opens lower
THE Australian share market has opened lower, after Wall Street was pulled down by falls in large-cap technology companies Facebook, LinkedIn and Netflix.
PM ‘unconvinced’ by GST hike
PRIME Minister Malcolm Turnbull has voiced doubt that a GST increase would deliver enough economic benefit to pursue — but Labor isn’t buying it.
Turnbull to states: ‘Raise your own taxes’
THE Prime Minister has told the states to consider lifting their own taxes if they want more money, as he hinted tax reform would be laid out in the May Budget.
‘The speech every Aussie should read’
AUSTRALIA is in big trouble, according our top economic adviser. Malcolm Turnbull says not to worry. Read this and decide for yourself.
And the winner of best state is…
IF YOU live in this state or territory, congratulations. You win at Australia. But there’s a surprising challenger on the rise.
The dark side of the lotto fantasy
WE’VE heard plenty of instant riches horror stories, but even for those of us who’ll never hold a winner’s cheque, there is a sinister side to this ‘bit of fun’.
Australia Day tip that could ‘kill’ business
AUSSIES are being given advice about what to do on our national holiday next week in a move that’s been branded irresponsible and potentially devastating.
ScoMo: Why early election is unlikely
SCOTT Morrison gave a strong indication there won’t be an early election, as the coalition plans tax changes against the backdrop of an unstable global economy.
The best news yet for Airbnb
IF YOU were thinking of renting out your spare room to backpackers but were worried about falling foul of the law, things could be about to change.
ScoMo: ‘We won’t be spooked’
TREASURER Scott Morrison believes the economy remains sound despite “worrying” volatility in global markets and sharp falls on the Aussie share market.
Centrelink glitch hits 73,000 families
CENTRELINK has apologised for a computer glitch over the New Year period that affected more than 70,000 families who thought they were in debt.
Why you need to take a holiday right now
WHAT’S the worst thing you could ask your boss for just after Christmas? A holiday, right? Your company’s future actually depends on it.
Champagne sales good sign for economy
ALCOHOL consumption in Australia is the lowest it’s been for many years, so strong champagne sales point to a prosperous 2016.
Bad news for overseas Xmas travellers
TRAVELLERS heading overseas this Christmas are carrying an Aussie dollar at its lowest December levels in years. But the news is good for those staying home.
Aussie farmers waited 30 years for this
AUSTRALIAN farmers have been fighting for a global agreement struck today, that will create an even playing field for them.
Why this heat is bad for business
AUSTRALIA is gearing up for a severe heatwave this weekend. Enjoy this hot weather, says Jason Murphy, because it’s going to ruin our economy.
‘Clench your buttocks in terror’
OUR property rollercoaster has been chugging uphill, but it might be time to throw your hands in the air and start screaming.
The midyear budget statement at a glance
GROWTH is down, the deficit is up and the return to surplus has been pushed back. Here’s everything you need to know about today’s Mid Year Economic and Fiscal Outlook statement.
Politics 2016: It’s about to get real
OK, so Malcolm Turnbull’s not likely to be knifed in the night by Julie Bishop, but the next year in politics is a big one — and it involves your wallet.
Jobless stats ‘almost beyond belief’
JOBS growth is at its strongest since the 1980s and, while the figures are a bit hard to believe, other indicators show that the labour market is still strong.
Are trams going the wrong way?
NO ONE doubts more public transport is needed but there are concerns that a $1 billion new light rail network could end up as a white elephant.
Premiers to consider GST increase
PAPERS prepared for Friday’s meeting of premiers with Prime Minister Malcolm Turnbull include options to lift the GST to 15 per cent, or broaden its base.
Ideas boom hashtag backfires
THERE’S never been a more exciting time to be a rent-seeker. Malcolm Turnbull’s #IdeasBoom is generating hilarious responses on Twitter.
Major new road to slash morning traffic
A MAJOR new road to take 6000 trucks off Melbourne’s West Gate Bridge has been announced.
Forget property, it’s time to invest
ORDINARY Aussies who put money into start-ups will get tax breaks, as Malcolm Turnbull tries to kickstart growth.
Is PM’s innovation what we need?
MIGRANTS will be able to more easily move to Australia and start a business under measures announced to help boost Australia’s innovation.
The dark shadow dogging Turnbull
MALCOLM Turnbull is trying really hard to make us look good overseas. But there’s one hangover he just can’t shake off.
Is the economic apocalypse here?
ONE simple graph that shows the level of investment by Aussie businesses makes it look like they’re throwing in the towel.
Budget faces $38 billion blowout
THE federal budget will be $38 billion worse off over the next four years, largely as a result of the slowdown in the Chinese economy.
The big changes coming to shopping
LONGER retail trading hours, cheaper goods and car rego fees reduced. These are just some of the big changes coming. But the pay-off could be costly.
Shorten’s plan to embarrass PM
SO FAR, “Mr Unpopular” hasn’t been able to land a glove on Malcolm Turnbull. But that could be about to change — in front of a very big audience.
People who could cough up $25bn
IF YOU’RE part of this group of people, look out. There’s a new push to hit you with another $25 billion tax grab.
Call to cut tax breaks for the rich
BILLIONS of dollars of superannuation tax breaks are being given to the Australians who need them the least says an independent think tank.
Lesson we can learn from the Kiwis
LIFTING Australia’s GST rate above 10 per cent would be politically painful, but New Zealand’s experience shows it can be done.
The $40 packet of cigs is coming
THE $40 packet of cigarettes is on the way if Labor gets hold of the federal excise system and implements the ultimate sin tax.
Painful lesson New Zealand can teach us
IT WOULD undoubtedly be painful, both politically and financially. But New Zealand proved this daring policy could work in Australia.
Punishing effect of your traffic jam
WHILE it’s a source of endless frustration, the traffic jam you were stuck in today costs you a lot more than you realise.
Housing crash could make us rich
WE’RE all so distracted by growing house prices that we’ve forgotten about the other way to get rich. So maybe a drop will do us all good.
Original URL: https://www.news.com.au/finance/economy/australian-economy/page/164