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WEB7. Auction market crashes as “fear of missing out” evaporates. 11 hours ago. 6. Sydney house prices tower over Melbourne. 3 days ago. 5. Curbing negative gearing would boost home ownership. 3 ...
Frugal Aussies use tax cuts to pay down debts - MacroBusiness
WEB16 hours ago · Stephen Wu, senior economist at CBA, has published research showing how Australians are overwhelmingly using the extra disposable income from the Stage 3 tax cuts to pay down debts.
Australia’s tax system is unbalanced and unsustainable
WEB11 hours ago · The underlying cash budget balance recorded a surplus of $15.8 billion (0.6% of GDP) in 2023-24, which was larger than forecast in the May Budget. Massive personal tax receipts from the rapidly ...
One-in-20 Aussie borrowers have negative cashflow
WEB10 hours ago · The Reserve Bank of Australia (RBA) released its half-yearly Financial Stability Review (FSR), which noted that around one-in-20 Australian borrowers have a cashflow shortfall: “In addition to ...
Chalmers' productivity sinkhole deepens - MacroBusiness
WEB13 hours ago · Labour productivity increased in half of the market sector industries. • Labour productivity grew the most in arts and recreation services (7.6%) and electricity, gas, water and waste services ...
Australian’s recession set to break more records
WEB4 days ago · The OECD’s latest economic outlook report has downgraded Australia’s GDP growth forecast for 2024 to 1.1%, compared with 1.5% in its previous report in May. The OECD also forecasts that ...
Australia’s ‘working poor’ has never struggled this much
WEBEven Anglicare in booming Western Australia reported that 68% of people using the charity’s emergency relief services are doing so for the first time.
More good news on inflation - MacroBusiness
WEBAug 14, 2024 · The wage price index rose by 0.8% in the June quarter, weaker than market consensus of 0.9%. Advertisement. Wage inflation has moderated in the first half of the year, with the six-month ...
Why Australians are hurt most by higher interest rates
WEBTaxpaid as a share of household income has risen sharply in Australia. The already legislated tax cuts kick in from 1 July 2024. But we don’t believe they are sufficient in size to fend off rate ...
Why Australian interest rates could still rise - MacroBusiness
WEBAug 23, 2023 · We had expected home prices to rise by 3% in 2023 and 5% in 2024. Our forecast for 2023 has already been met and we now expect a gain of 7% across the 8 capital cities in 2023 and a further 5% in ...