The budget’s tax whack on property investors will accelerate a housing slowdown caused by interest rate hikes, potentially causing the biggest downturn in more than 40 years. Home price growth was already slowing nationwide, with outright falls in Sydney and Melbourne, following three straight Reserve Bank...
Almost two in three young Australians think artificial intelligence will be used to eliminate jobs and only two per cent think it will create them. Despite their concerns, more Aussies say they have a strong understanding of the technology and regularly use it to study and...
The likelihood of a rate hike in June has shrunk after a surprise jump in the unemployment rate showed the Iran war is having a material impact on Australia’s economy. While bad news for workers, the rise in the jobless rate from 4.3 per cent to...
On a mission to investigate solar, battery and electrification retrofits for the block of flats she lives in, Coco Venaglia has faced hurdle after hurdle. The building’s strata committee is open to upgrades but pressed for time, and was pleased when she offered to do the...
Softer auction rates are a sign tax changes in the federal budget are making things easier for first home buyers, the housing minister says, as Labor weathered another day of criticism from investors and entrepreneurs. Auction clearance rates held below 60 per cent nationally for a...
Australia is well-positioned to take advantage of the global boom in artificial intelligence but governments and regulators need to get the policy settings right so they don’t stifle start-ups. That’s the message from two of the country’s biggest entrepreneurs in the AI space, including the head...
Power bill relief is coming for households in most eastern states as solar and batteries chew into expensive gas and hydro generation to cover evening peaks. Annual savings of more than $200 compared to the year prior have been confirmed for some residential customers on standing...
Australia’s temporary fuel excise cut, which has brought down petrol prices, is likely to remain just that, federal Energy Minister Chris Bowen says. The three-month cut to the fuel excise started in April in response to soaring prices caused by the US-Israeli-led war on Iran and...
Drivers have almost a week’s more petrol and diesel in reserve than they did at the start of the Iran war, as the prime minister met with state and territory leaders on the ongoing fuel crisis. Anthony Albanese met virtually with premiers and chief ministers for...
With the end of financial year approaching, many small business owners are thinking about tax, profit, cash flow and what the next 12 months might look like. But EOFY should not be treated as a last-minute paperwork scramble. It is one of the best opportunities...