Consumer confidence rises further in October
Consumer sentiment rose for a third month in October as Australians are more optimistic about the economy and their own finances for the year ahead.
Consumer sentiment rose for a third month in October as Australians are more optimistic about the economy and their own finances for the year ahead.
Six months ago the business-backed Committee for the Economic Development of Australia presented the Turnbull government with what it said was a clear and practical plan to return the budget to surplus. There were 5 of them in fact, including different mixes of proposals such as better taxing superannuation contributions, halving the tax discount for capital gains, ending negative gearing, boosting taxes on luxury cars, alcohol and tobacco, and taxing the private health insurance rebate.
The world has changed to the point where low rather than high inflation is the primary concern and the US Fed risks "particularly high social costs" if it underestimates the new reality and raises rates too far and too fast.
Prime minister Malcolm Turnbull's most senior advisor has lashed out at Australian managers, saying they are failing to pursue opportunities and holding back national income.
Australia's economy is in "bust" territory for just the second time in two decades, but that doesn't necessarily point to a hard landing, according to Citi.
Sight and hearing disorders are only a problem when the Treasurer is only hearing the parts of the RBA's advice that appeal to his ideological bent.
Treasurer Scott Morrison said debate on Australia's housing market is prone to exaggeration - even as Sydney property prices rise anew - and indicated he doesn't see much appetite at the central bank for further cuts in the nation's already record-low interest rates.
There is truth to the big four bank's claim that they face higher funding costs, but, as always, there's a catch.
Some buyers are snapping up homes they've never seen, worried it might be their last chance.
Charlie has been leaping around since last Saturday shouting "a champion team will always beat a team of champions".
The International Monetary Fund recommends that governments phase out tax incentives, such as negative gearing, that encourage borrowing.
The International Monetary Fund has singled out Australia as one of few countries where debt is increasing and bucking the global trend.
Among the top reasons managers hesitate to give feedback to their employees, according to a study conducted by LeanIn.Org and McKinsey, is fear the employee may have an "emotional breakdown".
Foreign Investment Review Board chairman Brian Wilson has bowed to public pressure and suspended his involvement as an advisor to private equity investment house The Carlyle Group.Â
The Reserve Bank keeps rates on hold at the first meeting chaired by new governor Philip Lowe, while remaining fairly relaxed about the housing market.
Factory activity has rebounded from its lowest level in more than a year on the back of a recovery in food and beverage manufacturing.
Home prices rose overall in September as record-low mortgage rates kept demand strong in Melbourne and Sydney, though the performance of other cities was a lot more patchy.
We'd be better governed if more of the people in ministers' offices came from the Treasury department.
But there could be a cut for Christmas.
When land costs more than finished homes, you're in dangerous territory, says Deutsche Bank's chief China economist. He reckons the bubble will burst in 2018.
Did you know that classical Athens didn't have an economy? If you find that hard to believe, you should - because it's not possible.
This is the story about the cannibals' cooking pot and the east coast housing market. Seriously. Well, sort of.
Job vacancies in Australia rebounded by 4.5 per cent in the three months to August to hit the highest since mid-2012, a promising sign for a pick up in labour demand.
Sydney is facing a 'housing bubble' after a surge in prices in the past five years, according to a UBS Group report.
It's the disease that's too lucrative to cure: Pokies deliver billions in revenue to the government - but it comes at a high price for society.
The trade body has slashed its prediction by one-third.
Australia might be missing out on up to $1 billion in uncollected taxes annually from Chinese agents who ship food back home.
HSBC says the "bottom line is that the weight of evidence suggests that there has been some cooling in the housing market".
Since the GFC, banks' spread over the cash rate for mortgages has risen and by an even larger extent for small business loans.
Far from heading for the centre the unruly Coalition is drifting to the far right.
An American grocery chain got started as a tiny home delivery company.
I would like to do pay as I go tax so I don't get a massive tax bill every year. But how?
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