RBA boss blames lax lending, tax breaks for house prices
Reserve Bank governor Philip Lowe intervenes in the debate over tax and home prices before the May budget.
Peter Martin is the economics editor for The Age, based at Parliament House
Reserve Bank governor Philip Lowe intervenes in the debate over tax and home prices before the May budget.
The Reserve Bank has held the cash rate steady amid growing pressure to lift rates to contain soaring home prices.
Why do companies invest here? We mightn't have needed to cut that company tax much anyway.
There's still time to craft a budget that actually does something.
"Value-capture", promoted by Prime Minister Malcolm Turnbull as a way of getting the private sector to stump up for government infrastructure has almost never lived up to its promise, a new analysis by the Grattan Institute finds.
We're using credit cards more than cash.
The Organisation for Economic Co-operation and Development has castigated Australia for inadequate progress on tax, Indigenous affairs and support for business in a report card to be presented to finance ministers from the group of 20 leading industrial nations in Germany on Saturday.
Consumer confidence in the Australian housing market has collapsed to its lowest level in 27 years, with the proportion of Australians believing real estate was the wisest place to put savings falling to below 12 per cent, the lowest level since 1974.
How a nation awash with gas ran dry in the middle of a global gas glut.
The Reserve Bank is considering tighter bank lending standards amid concern about how the financial system would handle a collapse in housing prices.
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