Australia’s fertility rate will plunge to a record low this year without a single policy from either major party to address it, raising concerns from ‘baby bonus’ treasurer Peter Costello that productivity is about to crash further.
The Coalition accuses super funds of pouring ‘more than $4.4bn’ into residential housing while spending millions campaigning against Peter Dutton’s super for housing policy.
A string of rate cuts could lead to excessive debt, higher property prices and weaker lending standards, the central bank has warned in its latest minutes.
Forget political parties doing the economically and fiscally responsible thing with housing in Australia. That went out the window long ago.
Labor and the Coalition have attacked economists who said their property policies would lift house prices by as much as 15 per cent this year.
Anthony Albanese and Peter Dutton are promising big business they will rebuff any push for nations to take a tougher economic approach to Beijing.
The immediate response from so many punters waking up to the latest tariff news was ‘damn I missed out on the biggest trading opportunity since Covid’.
Jim Chalmers has refused to apologise for not delivering a promised bill cut of $275, while defending attacks from Angus Taylor that Labor had been the biggest-spending government since Gough Whitlam.
Peter Dutton says the Coalition’s gas policy will reduce wholesale prices by 23 per cent, slash industrial retail gas bills by 15 per cent and cut 7 per cent from household costs.
Billionaire retailer Gerry Harvey has warned cutting interest rates by an outsize half a percentage point at an emergency Reserve Bank board meeting would spook markets and consumers.
Original URL: https://www.theaustralian.com.au/author/matthew-cranston