![Treasurer Scott Morrison is expected to address the latest figures on Wednesday morning.](http://web.archive.org./web/20170607043902im_/https://www.fairfaxstatic.com.au/content/dam/images/g/w/1/h/j/f/image.related.landscape.460x307.gwm0o2.png/1496806689984.jpg)
Australia breaks GDP record
Australia has broken the record for the longest run of uninterrupted growth in the developed world, figures released by the Australian Bureau of Statistics have revealed.
Eryk Bagshaw is an economics reporter for the Sydney Morning Herald and The Age, based in Parliament House
Australia has broken the record for the longest run of uninterrupted growth in the developed world, figures released by the Australian Bureau of Statistics have revealed.
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.
The Reserve Bank of Australia has left the cash rate at a record low 1.5 per cent for the 10th consecutive month.
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.
New figures are expected to show real wage growth has fallen into negative territory.
Home loans to investors have fallen to the lowest level in 10 months.
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.
"This is a clear indication that rate hikes are a distant prospect," JP Morgan analyst Sally Auld said.
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.
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