Australian News

Why housing won't help the economy's rebalancing act

Despite a decline in building approvals, residential investment is set to improve over the next couple of years, but it remains unlikely to aid the economy's transition away from its reliance on mining investment.

Howard shines a light on a bungled budget

Howard and Costello were criticised when they delivered their harsh first budget, but the RBA's rate-cutting spree and the union movement's blunders helped to buoy public sentiment. Hockey and Abbott have had no such luck.

States helping to fill mining hole

by AAP
Deloitte report suggests state infrastructure investment can fill void left by end of mining boom.

Don’t bank on a consumer cash splash

Consumer sentiment has recovered to its pre-budget levels but slow wage growth and rising unemployment mean a sustained increase in household spending is unlikely to follow.

How to heal the housing market

Macroprudential policies that restrict credit growth will do little to alleviate Australia's housing affordability crisis and could even act against the national interest. But there is another solution.

Sims warns against ‘picking winners’

ACCC boss worried about comments from peak business lobby group: report.

Graduate jobs at 20-year low

Recent graduates finding it harder to get a job than at any time since 90s recession.

New businesses jump in June quarter: D+B

by AAP
Survey finds low borrowing costs help improve business confidence, entrepreneurship.

Keep debt below 30% of GDP: S+P

Ratings agency warns Australia must keep a lid on government debt to keep AAA rating.

Flushing Australia's luck down the loo

In the digitally-powered economy, many industries will need global scale to underpin their survival. Australia’s paltry marks for innovation and export-oriented jobs should have policymakers very worried.

Consumer confidence rebounds: ANZ

by AAP
Weekly survey completely recovers from federal budget, in line with business confidence.

Mining confidence at five-year low

Mining execs believe sector’s future out of their control as tough market conditions bite.

High costs crimp investment: Rinehart

Gina Rinehart says the high cost of doing business is driving multinational companies offshore.

BCA calls for a national growth vision

by AAP
Livingstone says focus on balancing the budget insufficient to secure Australia's future.

Why work for the dole doesn't work

Tightening access to unemployment benefits won’t make jobseeking easier if there is no extra work to begin with. Instead it will lock young and long-term unemployed Australians out of the job market.

Analysts cautious on profits

Market expectations may be too high for company earnings, analysts say.

Homeowners capitalising on low rates

NAB says 85% of customers ahead on mortgage repayments, credit card debt also declining.

Retail growth tipped in Sept qtr

by AAP
Retail spending growth is expected to remain strong despite a slowdown after the federal budget.

Economy in good shape: Hockey

by AAP
Treasurer insists Australian economy 'not in trouble', dismisses 'crisis' talk.

Weekend Economist: How high?

With inflation stirring, the debate is beginning to move from whether the RBA will cut or hike next, to how high rates might go.