OECD warns of house prices 'rout' if investors head for the doors
The OECD has warned of a "rout" in Australian house prices leading to a new economic downturn, saying both prices and household debt have reached "unprecedented highs".
The Economy
Australia's growth comeback may not be so great after all
This week's rebound in GDP growth after a shock September quarter means the economy has now expanded for more than a quarter century, and is closing in on the record held by the Netherlands. But the smashing growth may not be quite as good as it seems.
Budget battle as Treasurer won't commit to saving mining windfall
Australia's top economic bureaucrat has begged the government not to spend the coming windfall from soaring coal and iron ore prices, saying if it did it would repeat the mistakes of prime minister John Howard and treasurer Peter Costello in the early 2000s.
Chickpeas to the rescue, as farmers drive national accounts
Peter Thompson had an unlikely saviour last year: the humble chickpea.
ACT economy bounces back in December quarter
The ACT's economy bounced back in the December quarter, growing 1.6 per cent, much faster than NSW and most other states.
Push for company tax cuts as CEOs get big pay is 'hollow'
Corporate Australia may have lost the debate on tax reform, says Australian Institute of Company Directors chairwoman Elizabeth Proust.
Cut the company tax rate, says Treasury boss John Fraser
Treasury boss John Fraser has implored Parliament to consider cutting the company tax rate, saying it would be "critical" to respond to international competition.
Current deficit account narrows sharply
The strong result means Australia is likely to technically avoid a recession.
The three Sydney districts generating a quarter of Australia's economic growth
A yawning growth gap has opened between our inner cities and the rest.
Chevron's multimillion-dollar tax bill appeal kicks off
An appeal against a multimillion dollar tax bill owed by multinational oil giant Chevron is taking place, and will have global implications for the way tax paid by large companies is assessed.
First current account surplus since 1970s seen
Australia could record its first current account surplus since the mid-1970s this year, economists say.
Company tax cut payoff will 'take years'
The Turnbull Government proposed company tax cut would cut national income for years before it boosted it and would never be self-funding, a new analysis from the Grattan Institute has found.
Cut in penalty rates another win for 'bizonomics'
In Australia, micro-economic reform has degenerated into a form of rent-seeking that's saying the way to a prosperous economy is to keep business – the people who create the jobs – as happy as possible.
GDP rebound expected in fourth quarter
Economists expect Australia to avoid a technical recession when official GDP data is released on Tuesday.
Reserve Bank chief Lowe overrules his staff on rate cuts
Reserve Bank governor Philip Lowe has no plans to cut interest rates, and worries that he did he would make an already indebted nation "more fragile".
Why penalty rates should be sharply higher
This is interesting: the Fair Work Commission has pretty much agreed with the Productivity Commission's recommendations on penalty rates, so penalty rates should be sharply higher for everyone on shift work.
'Focus on other things': RBA chief all but rules out interest rate cuts
Reserve Bank Governor Philip Lowe has dashed hopes of a further cut in interest rates, pleading for people to "focus on other things other than quarter of a per cent moves in the cash rate".
No zealot about cutting company tax, Ken Henry despairs about Australia's politicians
Former Treasury chief and National Australia Bank chairman Ken Henry is far from a zealot on cutting company tax rates.
Australia must face some home truths about housing affordability
The next generations are going to be in real trouble if we don't get on top of this housing affordability crisis.
Cut the company tax rate and push up the GST, says Henry
Former treasury boss Ken Henry has backed the government's 10-year plan to cut the company tax rate, saying it should be done even sooner.
Business investment looks set to fall fifth consecutive year
Plans for mining investment are down 20 per cent and plans for manufacturing investment are down 1.2 per cent.
It's what they wanted, but it hurts
Low wage growth is what the Coalition wanted. Within weeks of being sworn in as employment minister in 2013 Eric Abetz warned "weak-kneed employers" not to cave in to unreasonable demands.
RBA's hands tied as wage growth hits new record low
Private-sector wage growth has slid to record low of just 1.8 per cent, throwing into doubt budget projections and confounding the Reserve Bank, which would prefer not to have to cut interest rates again and run the risk of reigniting house prices.
'Difficult to ignore': RBA concerned about high household debt
The head of Australia's central bank said on Wednesday the risks of encouraging more borrowing by already heavily indebted households argued against seeking a faster return of inflation to its target band, another sign rate cuts were off the table.
RBA sees rising resource exports, waning drag from mine-boom end
The Reserve Bank predicts rising resource exports in a more positive global environment will spur growth as the drag from falling mining investment wanes.
'That bus has gone': EU sees no Brexit U-turn now
Tony Blair wants fellow Britons to "rise up" and block or soften Brexit, but it may now be out of their hands - many Europeans just want them to get on and get out.
One way to fix an ageing society - get old later
When do you become a senior citizen? It might be time to think of people younger than 74 as "pre-old", medical experts in Japan say.
Calm down on housing affordability, says Reserve
Declining rates of home ownership aren't necessarily a bad thing, according to the Reserve Bank.
How Australia can avoid becoming the 'white trash' of Asia
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 jobs plunge as unemployment rate ticks down to 5.7%
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.
Small Business
The rise of the iTradie
Cash used to be king but now there's an app for everything and tradies are going mobile.
New job status: the almost full-time worker
This is different from forced unpaid leave when industry conditions nosedive.