NEWS UPDATE
NEWS UPDATE
As people lose faith in institutions across the globe, a report shows maintaining trust in the Reserve Bank can help keep inflation under control. A survey released by the central bank on Wednesday showed people who have higher trust in the RBA are more likely…
Lofty stock valuations and the biggest investment tax shake-up in decades don’t appear to be impacting the risk appetite of young Australians, according to investing platforms. This cohort is increasingly turning to investing to save for their first home deposit and is seeking outsized returns…
Property investors are regaining a foothold in the housing market after tax changes in the federal budget boosted owner-occupiers. The share of homes bought by investors climbed to 23.2 per cent over the four weeks ending July 18 after sinking to 20.7 per cent in…
Jobs data is expected to show ongoing resilience in Australia’s labour market but renewed conflict in the Middle East could bring more bad news for the domestic economy. The unemployment rate is expected to hold steady at 4.4 per cent in June labour force figures…
Just as businesses and consumers were beginning to grow more confident, a return to arms in the Middle East risks sending sentiment back to the doldrums. Business confidence climbed nine points in June, despite warnings the federal budget would smash small businesses through increased taxes…
First-time homebuyers are missing out on thousands of dollars by not using a little-known scheme that helps save them money for the deposit. The First Home Super Saver Scheme lets them take advantage of their superannuation account’s favourable tax status. Prudence Sterling used the scheme…
More tax cuts for workers would keep the budget in deficit beyond the next decade, the agency that assesses the nation’s finances warns. The outlook for the federal budget has improved over the past year, despite economic headwinds from the Middle East, but the independent…
Millions of new homes could be built in Australia’s capital cities if “restrictive” zoning laws are loosened, a landmark planning analysis claims. An online atlas of nationwide zoning laws has been compiled by YIMBY Melbourne, an organisation that campaigns for more house construction. It declared…
Solar panels, wind farms and cheaper batteries will help to cut Australian electricity bills in the coming years, even as the artificial intelligence boom pushes up the price of gas technology. But energy prices will rise after 2030, a study has found, as companies are…
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