If you’re investing in real estate for resale, you need to know what types of renovations to prioritise. This can help your property create some buzz in the market, with a price you can easily justify to serious buyers. Struggling with what improvements you need to invest in? Worry...
States are split on the federal budget as the two most populous jurisdictions question their GST shares, while resource-heavy Western Australia counts its riches. NSW will be the biggest loser from the annual GST distribution set out in the budget papers, which say it will receive...
While the federal government says its budget will lower inflation, analysts counter that broad cost-of-living relief, such as energy rebates and tax cuts, could make things worse. An expanded version of the energy-bill relief delivered in last year’s budget and another boost to Commonwealth Rent Assistance...
A much-vaunted plan to make Australia a nation that makes things again is a good start but needs more work, business groups say. The centrepiece of Treasurer Jim Chalmers’ third budget was the $22.7 billion Future Made in Australia fund to bring manufacturing back onshore and...
Up to four million small businesses will continue to receive tax relief as they battle slowing consumer spending, but calls to increase support have been unheeded. The instant asset write-off has been extended until the end of June 2025, allowing businesses with an annual turnover of...
FEDERAL BUDGET SUMMARY ECONOMY * Budget surplus of $9.3 billion in 2023/24 * Deficits of $28.3 billion in 2024/25, $42.8 billion in 2025/26, $26.7 billion in 2026/27 and $24.3 billion in 2027/28 * Commonwealth net debt rising to $552.5 billion (20 per cent of gross domestic product) in 2024/25,...
AN ARMCHAIR GUIDE TO BUDGET24 TERMINOLOGY: * FEDERAL BUDGET: A plan for collecting, spending and borrowing, with income from taxes and investments mostly spent on social security and welfare, health, education, defence and paying interest on debts * BUDGET PAPERS: Hundreds of pages of economic forecasts, financial...
Tax breaks to supercharge the production of renewable hydrogen for use as a fuel and other applications are part of the federal budget’s push for net-zero prosperity. The global renewable hydrogen race is already well underway as advanced economies compete with Australia to host production facilities...
The next era of prosperity is the centrepiece of a “future made in Australia” budget that seeks to get more value out of critical commodities. Tax breaks for the critical minerals sector are part of the “growth agenda” announced by Treasurer Jim Chalmers on Tuesday as...
Australia’s commodity windfalls are masking growth in spending and new budgetary measures could be “mildly inflationary,” major ratings agency S&P says. S&P Global Ratings, which has had a AAA rating on Australia since February 2003, noted a small forecast surplus for this financial year, and a...