Eryk Bagshaw is an economics reporter for the Sydney Morning Herald and The Age, based in Parliament House
A permanent tax rate of almost 50 per cent for top earning Australians is on the cards as the government looks to negotiate with Labor and the Senate cross bench to fill fund the National Disability Insurance Scheme.
University fee repayment changes and rise in Medicare levy to hit below-average wage earners.
Senator Derryn Hinch has called for the Australian Federal Police to investigate a leak that led to $14 billion being wiped off banking stocks in the hours before the federal budget.
A first home buyer would only save an extra 1 per cent of the median property price in Sydney or Melbourne under the government's new super deposit scheme, analysis of the federal budget has revealed, as economists question the impact of the policy in areas most targeted by the Turnbull government.
Treasurer Scott Morrison has seized on a new report that shows house prices in Sydney and Melbourne are slowing to claim regulatory measures to easy Australia's housing affordability crisis are working.
Sydney house prices are set to suffer their first fall in 18 months, new figures show, in the wake of of strong action from regulators designed to curb the growth in investor loans.
The government has not done any modelling on the impact of the penalty rate cuts, it has been revealed, despite Malcolm Turnbull throwing his weight behind the proposal. The government has not done any modelling on the penalty rate cuts, despite the PM throwing his weight behind the proposal, responses to a Senate hearing have revealed.
Labor frontbencher Andrew Leigh has advocated for a transition from stamp duty to land tax, claiming it hurts younger and poorer first home buyers while driving home inequity in the Australian housing market.
One third of new mortgage owners have less than a month's buffer against financial instability, the Reserve Bank has warned.
Cabinet's budget razor gang will examine a range of housing affordability measures on Thursday.
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