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.
Australian Economy
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.
Busting the mining boom myth
FOR over a decade, we’ve been led to believe that the mining boom was the reason we’ve been so lucky. That may not be the case at all.
The real cost of your hangovers
BEING hungover at work doesn’t just suck for you. It’s costing us billions of dollars a year in lost economic productivity.
Should income keep pace with house prices?
THEY’RE the figures people use to say we’re bound to have a housing crash. But do house prices really need to be a consistent multiple of income?
Abbott opens the purse for struggling regions
PRIME Minister Tony Abbott once promised an end to industry handouts. But in the last few days he has offered billions for struggling cities. Today it was Geelong’s turn.
The low Aussie dollar is awesome
THE glorious days of the Aussie dollar being worth more than the US dollar are long gone. It sounds like a bad thing, but there are some surprising upsides.
How money savvy are you?
AUSTRALIANS are clueless when it comes to savings, rewards points and credit cards, a finance quiz has revealed. Test yourself to see if you get the banking basics.
Aussies ripped off by $2 billion
AUSTRALIANS have been ripped off by more than $2 billion since 2011. It’s all because of the banks’ failure to pass on a particular type of saving.
Shorten told to consider GST reform
ONE of Bill Shorten’s key union allies says “we’d be mugs not to look at” tax system changes such as expanding the GST.
Australia says ‘no deal’ in TPP negotiation
AUSTRALIA will not sign up to the $200 billion Trans-Pacific Partnership trade deal after talks failed to resolve significant industry issues.
Secretive deal’s impact on Australia
THE negotiations have been shrouded in secrecy. We have not been told the details. But there’s a push for Australia to sign up now.
PM told to ‘drop the race card’
PENNY Wong has told the prime minister to stop playing the race card when it comes to defending the free-trade agreement with China.
TV ads scaring pants off Aussies
NEW TV ads are frightening the hell out of Australians, suggesting an invading force of Chinese workers is on its way. But how true is it?
‘We’re pathetic in comparison’
ONE “pathetic” figure is eroding Australia’s future and costing us jobs. It has to change if we want to secure our economic future.
Pressure on live export
UPDATE: THE live export industry is again under fire after sheep were allegedly illegally sold in a Kuwait market.
Fight over who gets GST cash
THE nation’s leaders are in Sydney today discussing whether we should all be slugged more money, and who would get the cash at the end of the day.
GST increase: Winners and losers
WHAT Mike Baird is proposing is a big political risk but will the pain be worth it? Who will be the winners and losers if GST is increased?
Would you pay more? Push to raise GST
IT could be the only way to prevent Australia from “tumbling off a fiscal cliff”, but would you be happy to pay more for everyday goods and services?
Gay marriage could boost economy
MAKING gay marriage legal could give Australia’s economy a boost — and that’s not counting the millions likely to be spent on weddings.
Here we go again: Fresh row erupts
BRACE yourselves. A fresh row has erupted over Labor’s climate change policy — and this fight could be just as ugly as the last.
RBA: Hockey must act on negative gearing
THE calls for changes to negative gearing laws just keep getting louder, with the Reserve Bank adding its voice to the chorus. But is the Treasurer listening?
How to fix our clogged cities’ woes
MORE than two thirds of Australians live in a capital city, but there is no one person in power to ensure that they work well. A powerful group wants to change that.
China crash: should we be worried?
AUSTRALIA has just been through what was potentially a major economic crisis, but don’t feel bad if you missed it.
Aussie state’s bold, risky plan
THINGS are so grim in one Australian state that its leaders are scrambling for answers. What they’re proposing is risky.
Proof your trip to work is getting longer
FEEL like your daily commute to work is getting longer and more frustrating? Well, it is.
Maccas is more expensive where?
IT MIGHT have cheaper housing, but if you want to eat in this Australian city be prepared to pay more.
Australia has a $129 billion black hole
AUSTRALIA has splashed $129 billion on this in recent years, and it’s blown a huge hole in the Budget. We can’t afford it.
The disease costing us millions
WE’RE in the grip of an outbreak of a highly contagious disease that’s causing grief for parents around the country. And you might not have ever heard of it.
Bold idea to fix our clogged cities
IT IS the ambitious concept that would turn Australian cities from clogged traffic nightmares into streamlined utopias. It is time for the 20-minute city.
Secret uni fee forecasts remain hidden
A BID to force the release of government documents showing how deregulation might push up university fees has been blocked — because they have been found to be factually incorrect.
How we really won the World Cup
EVERYONE knows Australia won this year’s Cricket World Cup, but an even sweeter victory came from the $1.1 billion boost the event gave to the economy.
The big problem facing Aussie cities
THERE are 15 million people living in our major cities, but our government is doing its best to ignore problems of a growing urban sprawl.
Housing market ‘bloodbath’ is looming
LEADING economists claim Australia is in the midst of “the largest housing bubble on record”. You really don’t want it to burst.
Original URL: https://www.news.com.au/finance/economy/australian-economy/page/166