Australia stumbles to economic record as cautious Reserve Bank leaves rates on hold

Treasurer Scott Morrison has warned the economy's future is not yet secure as Australia prepares to stumble across the line on Wednesday to grab the world record for the longest period of consecutive growth.

RBA keeps interest rates on hold at historic low of 1.5%

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The Reserve Bank of Australia has left the cash rate at a record low 1.5 per cent for the 10th consecutive month.

Seven out of 10 Australians believe kids will be worse off

Australians are some of the most pessimistic in the world, with seven out of 10 believing their kids will end up worse off than they are.

Wage growth set to stall at all-time low

New figures are expected to show real wage growth has fallen into negative territory.

House prices fall again as loans to investors drop

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Home loans to investors have fallen to the lowest level in 10 months.

Senator calls on police to investigate budget leak

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.

Housing affordability measures 'more a feather than a scalpel'

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.

Reserve Bank leaves interest rates on hold at 1.5%

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"This is a clear indication that rate hikes are a distant prospect," JP Morgan analyst Sally Auld said.

Morrison says housing 'scalpel' already working

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.