Mum and dad’s big lending problem
THE number of parents lending their kids cash for both deposits and mortgages is out of control. And it could harm our economy.
Australian Economy
Refugees heading to retirement home
PAULINE Hanson has slammed a plan to house Syrian and Iraqi refugees alongside elderly residents at a retirement village as an “absolute disgrace”.
How China has eclipsed Australia
THIS is the graph that shows how China has managed to dominate Australia for the past 25 years.
Shonky colleges — your time is up
THEY’VE been accused of signing up students who will never complete their course — now the government wants to clean up private colleges.
All aboard the barf fast train
THE Hyperloop promises to get you from Sydney to Melbourne in 55 minutes, but the proposal didn’t mention the downside.
Why the new $5 note is getting rejected
THE rollout of the new $5 note isn’t going as smoothly as everyone hoped. All around the country, shops and vending machines are rejecting it.
CBA admits: ‘We have done wrong’
COMMONWEALTH Bank chief Ian Narev admits his company’s insurance arm did wrong by some, but they haven’t sacked anyone.
‘Sydney to Melbourne in 55 mins’
A SUPERSONIC rail that travels at a lightning speed of more than 1000km/h could be coming to Australia. But there’s a catch.
Are big bank grillings just a ‘sham’?
THE big four banks are fronting up to be grilled by Australia’s politicians, but Labor thinks they’re getting off easy.
Your next Ford will be built at $6 an hour
THE Australian car manufacturing industry never stood a chance once a free trade deal was signed with Thailand. They pay just $6 an hour. So where’s the level playing field?
Chinese grey market a ‘$1 billion tax hole’
THE network of Chinese personal shoppers known as daigou have been quietly operating a grey market for years, but do they pay tax?
Government slaps $5 tax on all overseas flights
AIRLINE passengers will pay more for tickets to make up for revenue lost in the government’s U-turn on a backpacker tax.
Backpacker tax has $10 million sweetener
THE Federal Government has bowed to pressure over its unpopular backpacker tax, with a compromise that has a $10 million sweetener.
Big myth about so-called dole bludgers
THE government is making a lot of noise about welfare payments, but it pays to look a little deeper at the issue.
Why Australia’s big cities are miserable
BAD news. Our major cities have some pretty huge flaws. Unless we act to fix them, the problems will only get worse.
Traffic chaos is costing us billions
AUSTRALIA’S chaotic roads are forcing us to spend up to 151 extra hours a year in traffic. And that’s costing us a whole lot of money.
Wagging kids’ parents could be punished
WAGGING school could get Australia’s kids into trouble with more than just their principal under radical plans to overhaul the welfare system.
Shake-up targets youths on welfare
THE Federal Government today launched a campaign to save young people at risk of being buried for life in welfare dependence.
Apartment builders face ‘sharp correction’
APARTMENT construction firms will continue to benefit from migration and population growth, but a “sharp correction” is looming this year.
Airport strikes threaten tourism boom
STRIKES targeting one of the busiest travel times of the year threaten to shame Australia and undermine the tourism boom, says Tourism and Transport Forum boss.
Warning, your parents are ripping you off
YOUNGER Australians are being robbed and screwed over by the older generation — and they’re tired of copping the blame.
‘Australia needs to do an OzExit’
ONE of our senators has called for Australia to follow in the footsteps of Brexit and cut ourselves off. You might wonder what from.
‘Six weeks’ from a housing collapse
UH OH. Australia has just “six weeks” to prevent a housing market collapse, a worrying new report has warned.
Aussie sharemarket closes in the red
FEARS of a US Federal Reserve interest rate hike has driven the Australian share market to its lowest level in two months, with all sectors closing in the red.
What will be the future of our cities?
OUR cities are built on two major factors: income and wealth. So what can we expect them to look like in the future?
Some good news for our wallets
OUR personal disposable income is finally back to where it was in 2008. This is the first economic good news story in quite a while.
Why a strong economy is bad news for ScoMo
TREASURER Scott Morrison marked 25 years of economic growth in Australia. But why is this bad news for the Coalition?
How much land China really owns
AUSTRALIAN voters are worried about Chinese interests buying up our land. How much does China actually own?
Sneaky way they are ripping you off
IT IS being promoted as a fairer system for all commuters. But it’s really just a sneaky way to make you pay hundreds more a year on your commute.
Scary forecast for homeowners
AUSTRALIA could suffer a crash in property prices in the next two years, resulting in a recession, a new report has warned.
Original URL: https://www.news.com.au/finance/economy/australian-economy/page/168