![We forget about all the assumptions on which our magic numbers are built.](/web/20170415144715im_/http://www.smh.com.au/content/dam/images/g/v/l/b/e/n/image.related.wideLandscape.460x259.gvk5rk.png/1492157703968.jpg)
Bottom line is there's no magic number
A lot of the problems we cause ourselves arise from the way we've evolved to economise on thinking time by taking mental shortcuts.
A lot of the problems we cause ourselves arise from the way we've evolved to economise on thinking time by taking mental shortcuts.
One third of new mortgage owners have less than a month's buffer against financial instability, the Reserve Bank has warned.
Australia's employment surged more than expected in March, led by a rebound in full-time jobs.
We might seem to forget it sometimes, but Australia has more economic challenges than just Sydney and Melbourne housing prices.
The private sector is leading ACT growth in executive employment, according to a national report, and the ACT leads Australia.
Consumer sentiment inched lower in April as worries about the economic outlook overshadowed growing optimism about the state of family finances, a survey showed on Wednesday.
Australia is more exposed to the economy of a single nation - China - than at any time since the 1950s, when Britain was our major trading partner.
Australia should consider a tax plan being pushed by Donald Trump's Republican Party which could stop multinational corporations avoiding tax, prominent economist Ross Garnaut says.
An overheating housing market threatens to bring the good times in Australia to an abrupt end.
Business conditions were healthier last month than at any point since the global financial crisis, National Australia Bank says.
With a dash of true conservatism, Scott Morrison wants the vast majority of our housing market to keep doing just what it's been doing.
Rising interest rates and housing supply are likely to push Australian home prices lower in 2018.
Akhilesh Mehta flops into his bus seat and readies himself for the hour-and-a-half commute from his job in central Sydney to his home on the city's outskirts.
Caught between overheating property markets and signs of a moderating economy, the RBA will be praying for a solid jobs number this week.
The former boss of Australia's spy agencies has been appointed to head up the federal government's watchdog on foreign investments.
Our foreign debt will grow and it already exceeds $1 trillion deficit. But that's not necessarily bad.
The balance sheets of Australian households with a mortgage are dangerously exposed to any fall in house prices.
As regulators crack down on lending, chances are the rest of the country will pay for the excesses of easy money and federal politics in Sydney and Melbourne.
Government to take stab at reducing annual $22 billion in 'overclaimed' tax deductions for work expenses.
Australia's success in evading the global recession is coming back to haunt it, with a delayed fallout manifesting itself now in the steady climb in underemployment.
The tax office is chasing seven companies for $2.9b, but if history's any guide, it will only get half that amount.
Dozens of multinationals have not signed up to federal government's tax transparency code.
Just 28 per cent of Australian millennials own a home, only marginally higher than their peers in the United Arab Emirates, a survey has found.
Reserve Bank governor Philip Lowe intervenes in the debate over tax and home prices before the May budget.
Black economy is hard to tackle because Australians see cash-only payments as 'almost a national sport'.
The Reserve Bank has held the cash rate steady amid growing pressure to lift rates to contain soaring home prices.
Two people, three jobs and a dream getting harder and harder to reach.
A major business lobby has taken aim at popular tax breaks for housing that are claimed by many of its members.
It says plenty about the state of Australian politics that so much policy is viewed through the lens of Sydney and Melbourne housing affordability, writes Michael Pascoe.
House values surged another 1.4 per cent across Australia in March, pushing annual price growth to 19 per cent in Sydney and 16 per cent in Melbourne, new data shows.
The creators of the Flow Hive are battling to defend their invention from alleged copycats.
Inevitably, downsized interstate offices become an afterthought, with remaining staff less productive and committed.
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