KEY FORECASTS FOR AUSTRALIA’S ECONOMY: * The economy is expected to grow at 1.75 per cent in 2024/25, before recording real GDP growth of 2.25 per cent, 2.5 per cent and 2.75 per cent in the years following * Unemployment is expected to rise to 4.5 per...
Major cost-of-living measures aren’t on the cards in the federal budget update because of a $25 billion hit to the books, as data reveals new drags on the bottom line. The mid-year economic and fiscal outlook will show more than $16 billion in automatic spending increases...
Windfall gains scooped up by Australian property sellers have hit an all-time high with those who own making hundreds each week, eclipsing what renters pay to keep a roof over their heads. The median profit for property resales in the September quarter came in at $295,000...
Australians ringing in the new year could see a small drop in the value of their homes, new property data has revealed. According to research by CoreLogic, the start of 2025 may see a continuation of the “drag” on buyer demand which could result in a...
A tax purported to make GP visits cost more and a barrier to entering the housing market have been removed by a state government fulfilling more of its election promises. The Liberal National government scrapped a “patient’s tax” during the final Queensland parliament sitting on Thursday,...
Student loan debt should be lowered and a coalition-era change to university funding scrapped to help meet Australia’s skills needs, the peak body for universities says. In a federal election statement, Universities Australia has laid out key priorities for the next government in 2025. Lowering student debt...