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.
Australian Economy
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.
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.
Original URL: https://www.news.com.au/finance/economy/australian-economy/page/168