RBA sees jobless rate edging lower, gradual wage growth
The RBA has cut its economic growth forecasts by half a percentage point for the rest of this year.
The RBA has cut its economic growth forecasts by half a percentage point for the rest of this year.
Australians love to whinge about the cost of living. But they might finally have a point, writes Jessica Irvine.
Barring refugees awaiting decisions on their status from working increases the propensity for illegal cash economy activity, a government taskforce says.
Few subjects stir consumer passions like rising electricity bills. With power prices more than doubling after inflation over the past 10 years, that's hardly surprising.
Australians would no longer be able to receive wages in cash, and industries classified as being at "high risk" of illegally taking secret cash-in-hand payments including cafes and restaurants could be subject to a minimum rate of tax, which they could then claim a refund on if they can prove to the tax man that they should be paying a lower rate.
Approvals for the construction of new homes bounced 10.9 per cent in June, giving little indication the housing market is cooling.
The Reserve Bank has kept its cash rate on hold for the eleventh consecutive month, providing little indication of when it will allow rates to rise.
Home prices in Australia's major cities rose strongly in July, putting a question mark over regulators' attempts to cool the market.
Labor's policy in effect entrenches discretionary trusts as the vehicle of choice for the fortunate wealthy.
For Australian central bank watchers, it seems no one is neutral on where neutral actually is.
Do you realise the Reserve Bank board hasn't changed Australia's official interest rate from 1.5 per cent for almost a year? But that hasn't stopped people in the financial markets from speculating furiously about whether rates are about to go down – or go up.
Real estate agents and lawyers topped the league table, claiming $8634 and $7156 respectively.
In this week's episode of the Fairfax Media podcast "It All Adds Up", the team, Jessica Irvine, Matt Wade and Ross Gittins, respond to listener questions and bust these five myths about Australia's housing market.
If you were searching for reasons for stubbornly low wages growth, you'd think executive incentives and the decline of unionism would rate a mention.
Only one of 24 forecasters surveyed ahead of this inflation result expected anything as low as 0.2%.
Inflation has come in well short of expectations, dampening talk of an an imminent increase in official interest rates.
Reserve Bank governor Philip Lowe has attempted to hose down talk of a hike in interest rates, saying Australia won't be blindly following central banks overseas.
Sigrun Klatte is juggling a three kilogram bag of oranges under one arm and her son Caspar under the other.
For all those punters panicking about the prospects of an interest rate increase, the latest inflation data should allow them the opportunity to chill.
The completion of a series of huge gas facilities around the country is pulling back the value of major projects on the horizon, a study from Deloitte Access Economics has found.
The size and wealth of the beast means Bill Shorten could find himself facing a battle that would make the anti-mining tax fight look mild.
The world is leaning less on its biggest economy to sustain the global recovery, according to the International Monetary Fund.
Sydney's housing market is continuing to slow, with the monthly growth in the price of a home down 1 per cent, latest auction figures show.
Australians should not read too much into the Reserve Bank's comments on a "neutral interest rate", deputy governor Guy Debelle says.
Despite the scare stories about the rise of the "gig economy", full-time jobs growth is surging.
The Australian dollar slid back below US79¢ on Friday after Reserve Bank deputy governor Guy Debelle said there was no automatic reason for rates to rise.
Can low unemployment lead to wages growth?
Australia has achieved its ninth straight month of job gains, with 14,000 new jobs added to the economy in June.
Interest rate are going to rise, says Prime Minister Malcolm Turnbull.
Companies fretting over talk of interest-rate hikes could be feeling like they've just had one -- thanks to a spiralling currency. The Aussie's ascent could start to hamper the country's transition away from a mining-boom-dependent economy.
Delta, South Africa Airways, Abu Dhabi and New York City are just some of the Walshe Group's clients.
Companies need to be better prepared when terror risks rise.
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