Grim warning as tax cuts hit wallets
Aussies will be richer with the arrival of Stage 3 tax cuts, but experts are warning the boost could trigger higher inflation and send mortgage payments soaring.
Federal Budget
Aussie businesses wobbling on flat turnover
It’s been a difficult few months for business in Australia and there’s no end in sight, with turnover down for the month of May.
Promising sign for battling renters emerges
It’s been a dark few years for Aussie renters, but experts say vacancy rates across the market are easing slightly.
Aussie stocks fall on iron ore, oil retreat
The sharemarket has started the week on a low note after a retreat in iron ore and oil prices over the weekend.
More Stories
Borrowers ‘very unhappy’ with us: RBA
New RBA governor Michele Bullock has made a frank admission, conceding borrowers are displeased with the central bank after its punishing rate hikes.
Shared equity housing one step closer
A new scheme which will enable the federal government to take an equity stake of up to 40 per cent in new or existing home purchases is one step closer with legislation set to be introduced to parliament.
How all kids could get early education boost
If the recommendations of a groundbreaking report are embraced, every child under the age of five would be granted the opportunity to participate in three days per week of top-notch early childhood education.
RBA chief’s ‘homegrown’ inflation warning
Inflation is increasingly being driven by domestic factors, not those from overseas, RBA governor Michele Bullock says.
Billion dollar boost to country’s roads
The Albanese government has pledged to make regional roads safer, after a week full of criticism for its infrastructure reforms.
Unemployment up despite 55k jobs boost
Despite a bumper 55,000 jobs added to the economy in September, the unemployment rate rose following a jump in the participation rate.
New rate hike fear as Aussie wages spike
With annual wages growth hitting its highest levels in almost 15 years, economists are split on the RBA’s next move on interest rates.
‘Silly’: Brawl erupts over new money model
One state’s parliament erupted in a shouting match over how vital roads and bridges will be funded, as the federal government tries to claw back billions in cost blowouts.
Why petrol prices affect your mortgage
The Reserve Bank has slugged homeowners with another rate rise and a recent surge in petrol prices is partly to blame.
Shock number facing mortgage stress
Nearly half of household borrowers are facing financial stress ahead of the Reserve Bank’s November rates call, new analysis has revealed.
Original URL: https://www.themercury.com.au/business/economy/federal-budget/page/39