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    Treasurer Jim Chalmers at a stockbroking conference in Sydney on June 12.

    Recession a 50-50 chance if RBA raises rates: economists

    Up to 100,000 Australians could lose their jobs in an inflation-driven recession likely to coincide with the federal election.

    • Aaron Patrick
    Bhavi Desai has purchased 10 investment properties since 2020.

    Ten properties and counting: meet Australia’s ‘super investors’

    There is a hardcore cohort of 20,000 Australians who own six or more investment properties, according to AFR Weekend analysis of annual Tax Office data.

    • Michael Read

    Distributors can drive lower-cost transition

    Electricity distributors can help deliver a lower cost, more socially equitable transition.

    Sponsored 

    by Ausgrid

    NDIS to cost $100b, exceeding the pension: budget watchdog

    The NDIS is on track to overtake the age pension as the most expensive area of spending within three years if it remains stuck on its current trajectory.

    • Michael Read

    RBA deputy talks up renewable energy potential

    RBA deputy Andrew Hauser has talked up Australia’s potential to be a world leader in solar, as the nation debates the best energy mix to achieve net zero.

    • Updated
    • John Kehoe and Joanne Tran

    Multiple interest rate rises needed to quash inflation

    The hawkish warnings from economists came as the share of borrowers falling behind on repaying their home loan has risen to the highest level in five years.

    • John Kehoe

    Opinion & Analysis

    How the RBA’s big interest rate experiment exposes Labor

    The moment of truth to test Australian exceptionalism is about to arrive. Persistent local inflation suggests the strategy is coming under pressure and may be about to come unstuck.

    John Kehoe

    Economics editor

    John Kehoe

    We must consider imposing non-military costs on China

    We are failing to deter China from committing increasingly frequent acts of aggression and intimidation against Taiwan.

    John Lee

    Foreign policy expert

    John Lee

    What Israel’s ultra-orthodox draft means for Netanyahu

    The Israeli Prime Minister relies on the support of minority parties to hold on to power. The court ruling has put some of them offside.

    Melanie Lidman

    Contributor

    A stock trader’s guide to navigating the French election

    The prospect of a change in the balance of power in France has investors on edge. These are the sectors most affected by the coming political upheaval.

    Sagarika Jaisinghani, Verena Sepp and Julien Ponthus

    Contributor

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    More From Today

    How the RBA’s big interest rate experiment exposes Labor

    The moment of truth to test Australian exceptionalism is about to arrive. Persistent local inflation suggests the strategy is coming under pressure and may be about to come unstuck.

    • John Kehoe
    Xinhua

    We must consider imposing non-military costs on China

    We are failing to deter China from committing increasingly frequent acts of aggression and intimidation against Taiwan.

    • John Lee

    Yesterday

    The chance of a rise in interest rates has grown after a surprise jump in inflation in May.

    August rate rise could eat up a chunk of your stage three tax cuts

    With markets pricing a one-in-three chance of an August rate rise, borrowers may not enjoy the full benefit of the stage three tax cuts that start on July 1.

    • Michael Read
    French President Emmanuel Macron.

    A stock trader’s guide to navigating the French election

    The prospect of a change in the balance of power in France has investors on edge. These are the sectors most affected by the coming political upheaval.

    • Sagarika Jaisinghani, Verena Sepp and Julien Ponthus
    Jewish men inspect a damaged road after it was hit by a rocket fired from the Gaza Strip.

    What Israel’s ultra-orthodox draft means for Netanyahu

    The Israeli Prime Minister relies on the support of minority parties to hold on to power. The court ruling has put some of them offside.

    • Melanie Lidman
    Advertisement

    This Month

    When he’s challenged over the lack of a fair dinkum plan to fix Australia’s broken taxation system, Treasurer Jim Chalmer’s response is that Labor’s “modest but meaningful” tax changes are doing the job .

    Not so super tax reform

    The controversy over taxing unrealised superannuation gains leaves Labor’s “modest” tax agenda looking like a piecemeal approach to fixing Australia’s broken tax system.

    • The AFR View
    Economists warn that governments need to rein in inflationary spending.

    August rate rise on the cards after inflation hits 4pc

    Investors say there is now a one-in-three chance of an August interest rate rise after inflation accelerated to its highest rate in six months and economists warned price pressures remained too strong.

    • Updated
    • Michael Read
    RBA governor Michele Bullock isn’t getting the news she wants on inflation.

    RBA should lift rates if that’s what it takes

    The hotter-than-expected monthly inflation reading suggests the Reserve Bank has still not done enough to tame Australia’s sticky and above-target inflation.

    • The AFR View
    Stephen Havas, director at Brisbane-based builder Garth Chapman Queenslanders.

    Building costs 37pc higher than four years ago

    The cost of building a home is surging, threatening the Albanese government’s efforts to build 1.2 million new dwellings.

    • Michael Read and James Hall
    Suburbs such as Double Bay in Sydney’s inner east have among the highest rates of residents with more than $3 million in super.

    The areas most – and least – hit by Labor’s $3m super tax

    Australians with super balances of more than $3 million are less likely to live in rural areas, according to new analysis, despite concerns about the tax focusing on farmers.

    • Hannah Wootton
    Anthony Albanese and Peter Dutton with Chinese Premier Li Qiang at Parliament House last week.

    Why Dutton is flying in the face of the China hawks

    As the opposition leader’s rhetoric softens dramatically, the days of turning China into an election wedge appear to be over.

    • James Laurenceson
    Reserve Bank governor Michele Bullock said this month that the “narrow path” to a soft economic landing was getting narrower.

    RBA edges closer to interest rate rise as inflation proves sticky

    Governor Michele Bullock will be troubled by the latest inflation data, and contemplating the real possibility of an interest rate rise at the August meeting.

    • Updated
    • John Kehoe
    Nuclear plant under construction in the UK: Australia may be already too late to follow.

    Nuclear power deserves a fair hearing

    The opposition and the government fail to answer critical questions on their respective nuclear stances. It is time to get the experts in.

    • Bruce Mountain
    Mortgage discharges, when a borrower either pays off their loan or sells the underlying property, are running at a record $40 billion per quarter.

    High rates forcing indebted home owners to sell: RBA

    Highly leveraged borrowers are selling out of property and consolidating their savings into offset accounts, RBA assistant governor Christopher Kent says.

    • Michael Read
    Ben Thompson of Employment Hero says 1 per cent of super should be exempt from the performance test so that it can back riskier start-ups.

    No easy super money for next-gen risk-takers

    A start-up golden age is coming because without plentiful money to hide the risks, entrepreneurs will be forced to focus on what really works for customers and investors.

    • The AFR View
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    FILE - Julian Assange, founder of WikiLeaks speaks to the media and members of the public from a balcony at the Ecuadorian Embassy in London, Thursday, Dec. 20, 2012. A British appellate court has opened the door for WikiLeaks founder Julian Assange to be extradited to the United States. The High Court overturned a lower court ruling that found Assange's mental health was too fragile to withstand the American criminal justice system. A lower court judge earlier this year refused an American requ

    Julian Assange never accepted the ethics of journalism

    Drawing support from the far left and right, the Wikileaks founder was more international political actor than reporter.

    • Aaron Patrick
    Peter Dutton has announced his nuclear reactor idea, but has yet to reveal how much it would cost.

    Coalition’s taxpayer-funded nuclear con a road to ruin

    We estimate that the fiscal damage would be in the order of a minimum $100 billion “nuke builder” tax, but likely considerably more given the international experience.

    • Tim Buckley and Annemarie Jonson
    China’s actions towards the Philippines are growing more aggressive.

    Why South China Sea is the flashpoint that could spark war

    The worry for Australia is that rather than Taiwan, the worsening situation in the seas east of Asia is more likely to entangle it in a great power conflict.

    • Bec Strating
    We must repeal legislation preventing the use of nuclear energy in Australia and we need to seriously address energy market design.

    My nuclear talk was cancelled. Here is what I would have said.

    My presentation to Engineers Australia would have outlined why a nuclear-based energy system would cost consumers half as much with four times fewer emissions.

    • Robert Parker
    Disability Minister Bill Shorten has warned a Coalition proposal to delay the government’s NDIS overhaul by two months will cost taxpayers $137 million per week.

    NDIS delay to cost $1.1b as senators jet off to Brazil

    Disability Minister Bill Shorten warns that a Coalition proposal to delay the government’s NDIS overhaul by two months will cost taxpayers $137 million per week.

    • Michael Read