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.
Australian Economy
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.
How to make the tax system fairer
THERE’S been a lot of debate this week about whether to increase the GST but could taxing things that rich people buy more actually make it fairer?
Will the TPP save Oz after mining boom?
DETAILS of the long-awaited and contentious Trans-Pacific Partnership free trade deal have finally been released. But not everybody is happy.
Homeowners pin hopes on Reserve Bank
MORTGAGE pain is looming for even more Australians, as smaller lenders jump on the rate hike bandwagon. But there is hope of a Reserve Bank cut.
GST changes will ‘hurt Melbourne Cup’
THE Federal Opposition fears changes to the GST will spoil the fun of a flutter on sporting events including the Melbourne Cup carnival.
We ‘swore in blood’ GST would stay at 10%
A LIBERAL senator has vowed to oppose any increase to the GST, saying the Howard Government “swore in blood” the tax wouldn’t exceed 10 per cent.
Most important image in Australia
IT DOESN’T look like much at all: one basic graph, with a few scattered blue dots. But it may determine Australia’s future.
Australia’s forgotten suburbs
CHANCES are you drive through one every day. They’re the parts of Australia where people work hard, but keep getting shafted.
The state failing a whole generation
ONE of our states is struggling, big time. And its stubbornly high unemployment has made a whole generation desperate.
NSW and Vic dominate the states
A BOOMING housing market and population growth have helped NSW and Victoria maintain their domination over other states.
‘They’re manufactured numbers’
FORMER Liberal leader Dr John Hewson has warned the outlook for China is much bleaker than anyone realises, spelling bad news for Australia.
China’s huge new Aussie demand
CHINA has its eyes on the outback, and it has nothing to do with iron ore. There’s something else it can’t get enough of.
‘The problems haven’t changed’
ONE of Australia’s most respected economists has warned that government spending is at levels normally only seen during recessions.
Did WA waste the mining boom?
IT HAS has brought unprecedented riches to the ‘wild west’. But what has Western Australia actually got to show for the mining boom?
RBA says property market cooling
THE red-hot Sydney and Melbourne property markets are showing signs of cooling, according to the Reserve Bank.
PM brings eerie calm to Canberra
SOMETHING quite strange has happened in Australian politics. Something we haven’t seen in a very long time.
Losing weight ‘better than a tax cut’
PUTTING Australia on a diet could produce bigger economic dividends than tax reform or government spending cuts, a shocking new analysis shows.
Property crash or correction?
EXPERTS are saying Australia’s housing boom has hit its peak — some are hinting at a recession. But is it part of the normal cycle?
Modern cities or modern slums?
THOUGHT city living couldn’t get any worse? A major new report reveals where Australian cities are headed. And it makes for uncomfortable reading.
Five months until property bubble bursts
FIVE months. That’s how long before house prices start to fall, according to the latest major investment bank to call the peak in Australia’s housing cycle.
Shorten’s 30,000 jobs promise
BILL Shorten is expected to announce a huge jobs package in Brisbane today, saying an overhaul of major projects is needed.
The $1b gay wedding gift to Australia
THOUSANDS of Aussie couples are waiting to shell out big dollars on wedding cakes and photographers … and if gay marriage is legalised, it will be a huge boost for our economy.
Why this deal makes us big winners
IT IS the historic deal that promises “enormous benefits” for all Australians. Here’s why we were big winners from the trade talks.
What have we signed up to?
AUSTRALIA has signed up to the world’s largest free trade agreement. But aside from our tired sounding Trade Minister, few people know what’s in it.
Why won’t people live here?
SOME say it has unpredictable weather, and no culture, jobs or night life. Is it any wonder no one wants to live in Queensland?
What the market bloodbath means for you
THE Australian share market plunged to it’s lowest level in 2 years yesterday. Even if you don’t have shares you’re going to be affected. Here’s how.
China’s big challenge to Australia
IT’S your move, Malcolm Turnbull. China has made a huge statement on the environment that Australia would be foolish to ignore.
Australia’s pain is far from over
A NEW study has warned that the economic slowdown suffered by Australia since the end of the mining boom may have further to run.
Has Turnbull seen the light?
THE winds of change are blowing. Our new PM is breathing new life into an industry that used to drive Tony Abbott and Joe Hockey mad.
Turnbull government’s new mantra
THE Turnbull Government has scrapped Tony Abbott’s “morbid joke” to make “taxes lower, simpler and fairer”.
The housing boom’s awkward peak
AUSTRALIA’S housing boom has peaked at an “awkward time”, and the challenge for us now is to pull off a soft landing.
Recipe for the 20-min commute?
IN HIS brutal shake-up, the PM made an announcement that you may have missed. It could fix the biggest sore point in your life.
Is this a great big Chinese lie?
THE sniping is getting really nasty over the China FTA. This is who you should believe, and why you should care.
It’s time for Turnbull to work some magic
HE has a net worth of $180 million and lives in a waterfront mansion, but can our new PM do anything to bridge the gap between Australia’s rich and poor?
Can richest PM fix our economy?
MALCOLM Turnbull’s big pitch is about economics. So can the man with the $180 million fortune put Australia’s back on track?
Refugees struggle to get off welfare
THE 12,000 Syrian refugees to be resettled in Australia will face an uphill battle to get off welfare and find work, government research suggests.
Tax myths busted: This is going to hurt
THERE’S no way around it. In order to fix this problem, you’ll have to pay, and that will expose one of the government’s big promises as a sham.
Mental health issues costing $10b a year
BUSINESSES are being hit hard by the cost of mental illness on their workforce. But evidence shows supporting their employees will benefit everyone in the long run.
Can Australia afford more refugees?
THE government will take on extra refugees from war torn Syria, but with the national finances not in the healthiest state, can we really afford to support them?
The Aussie city full of whingers
IT’S one of the most liveable cities in the world and an economic powerhouse, but this place’s residents don’t appreciate it.
Low Aussie dollar doesn’t worry Joe
ONGOING global economic worries have pushed the Australian dollar to a fresh six year low — but Joe Hockey isn’t too worried.
Why China’s crash is a good thing
THE slowdown in China is sending shudders through the world economy, but this analyst argues it will actually be good thing. Here’s why.
Are we heading for recession?
AUSTRALIA’S economic growth is slower than Greece, the mining boom is a distant memory and living standards are slipping.
The bad news we’re not hearing about
YOUR income is shrinking dramatically even as Australia’s wealth expands. Here’s how this nasty economic trick works.
Why China’s crash puts us at risk
WHAT does China’s economic slowdown have to do with Sydney house prices? One of the world’s top experts explains how it could affect you.
PM denies ‘sack the Aussies’ job advice
A CRUISE line is standing by accusations it was advised to sack Australian staff because they were too expensive, despite denials from Tony Abbott.
Aussie dollar dips below US70c
THE Aussie dollar has dipped below US70c for the first time in more than six years, after commodities dived and analysts warned of further heavy falls.
Aussie dollar to dip below US 60c
IF you’re thinking about going to the US, you might want to do it now, as a chief economist predicts the Aussie dollar is headed for another dive.
Why PM should pluck Joe Hockey
OPINION: There’s a reason why Tony Abbott should pluck Joe Hockey for Christmas. He’s stuffed.
Stick to your day job, boss tells Hockey
TREASURER put back in his place by Tony Abbott after going way off script and accepting a part-time job on the side without telling him.
Where on earth have you been, Joe?
THE Treasurer has come out from under the political doona and is demanding authority after a couple of tough months personally.
$70 billion wiped off Australian market
THERE’S havoc on the Australian share market today, with companies suffering one of their worst days in five years.
Chinese whispers threaten trophy deal
ONE side is saying the free trade agreement will cost Aussies their jobs. The other side is saying the opposite. Who should you believe?
‘You’re not in university anymore’
A LABOR backbencher has gone from nobody to major villain in less than 10 minutes after questioning our deal with China.
Original URL: https://www.news.com.au/finance/economy/australian-economy/page/165