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.
Australian Economy
‘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.
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’.
Original URL: https://www.news.com.au/finance/economy/australian-economy/page/166