Calm down on housing affordability, says Reserve
Declining rates of home ownership aren't necessarily a bad thing, according to the Reserve Bank.
Declining rates of home ownership aren't necessarily a bad thing, according to the Reserve Bank.
I know how Jules Verne must have felt. My recent trip to New York plus three days in Israel and two more in London was a fascinating circumnavigation but thanks to Qantas and the LLJets I did it quicker than 80 days in a balloon.
Full-time employment collapsed to its weakest point in 16 months in January after two months of gains were reversed, leaving Australia with 56,100 fewer full-time workers than in January 2015.
The federal Treasurer and the Finance Minister threw several years of Coalition dogma out the window and it's been reported as if it's just another day at the office.
The first ever national survey of renters' experiences has uncovered widespread fear and anxiety.
Their businesses may rely on it, and most support it, but one in two Australian CEOs surveyed by PwC reject the assertion that globalisation has helped reduce income inequality.
Australia's leading forecasters don't believe the Reserve Bank when it says the economy will grow 3 per cent this year and 3.25 per cent in 2018. The forecasts, in Friday's "Statement on Monetary Policy", are well above the median forecasts of 2.4 per cent and 2.8 per cent released by the Australian Business Economists executive committee on Tuesday.
The stars are aligning for the economy: business conditions and confidence have unexpectedly jumped, with employment conditions particularly encouraging.
Government at any price is the lowest common denominator of politics. The nation ends up paying for it.
What's this about a "locked box"?
For all the signs that our economy is on the mend, two influential reports on Friday highlighted the soft underbelly of Australia's labour market.
Top excuses for why people did not lodge a tax return on time included: "My client can't lodge because she is currently at the North Pole".
Reserve Bank chief gently reproves Turnbull's failings.
Does a name's position in the alphabet affect anything outside the Yellow Pages? The idea isn't so far-fetched, new research shows.
There is a new political fault line emerging in Australia, and it cuts across the traditional progressive and conservative divide.
The Reserve Bank's assessment came as the International Monetary Fund called on the bank to keep interest rates "accommodative" and to be prepared to ease further, if warranted.
Tougher restrictions on bank lending may be needed if Australian house prices or mortgage debt accelerate again, the International Monetary Fund says.
Reserve Bank governor Philip Lowe has implored Prime Minister Malcolm Turnbull to borrow more to spend on infrastructure.
Apple was slugged with an $18b fine by the EU last year but the company will be smiling if Donald Trump's US tax plan gets off the ground.
Households, particularly those in Queensland and Western Australia, will see some benefits of the lift in commodity prices, HSBC says.
Guard dogs and x-box consoles are among the items that over 154,000 small businesses have claimed as tax breaks for equipment used in the workplace.
US cattle lobby was disappointed with Mr Trump's decision to axe America's role in the Trans-Pacific Partnership trade agreement.
Australians' private debt has soared to 187 per cent of income from 70 per cent in the early 1990s. The RBA might be starting to get worried.
At the start of the year, economists seem more divided than ever over Australia's growth outlook.
The government is looking for a new data base providing monthly updates on investment returns, which could allow it to reduce or increase the Centrelink and pension benefits it pays out as markets rise and fall.
The Reserve Bank of Australia has left its cash rate steady for the fifth consecutive board meeting as it prepares to release forecasts showing economic growth picking up and inflation climbing from 1.5 per cent to more than 2 per cent.
Australians spent more than $25.6 billion in December, but sales for the month dipped 0.1 per cent, confounding hopes for bumper Christmas sales.
US President Donald Trump's economic honeymoon could come to an end as soon as next year, senior London fund managers have forecast, with the US at risk of plunging into recession.
Official retail sales statistics for the all-important pre-Christmas period fell significantly short of expectations, not because Aussies bought fewer items but because we paid less for them.
After a long pause, the auctioneer commissioned to sell a northern Sydney beach-side apartment for in excess of $800,000 puts his gavel away, unable to entice a single bid.
The duo behind No Lights, No Lycra are spreading their message using an app.
Few businesses think about the long-term implications of the 'gig economy'.
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