South Australia nabs top spot in state economic ranking
Australian states are all facing economic headwinds but some are more resilient than others, with South Australia performing better than the rest.
economy, business and finance
Treasurer ‘not considering’ changes to negative gearing
The treasurer has poured cold water on suggestions Labor will go further with tax reform and target negative gearing after rejigging stage three tax cuts.
PM to take stage three tax change pitch to regions
Anthony Albanese has challenged the crossbench to back in changes to stage three tax cuts, ahead of a regional sales pitch of the proposed reforms.
PM stands by tax cut changes for ‘every Australian’
The prime minister has brushed off criticism of proposed changes to promised tax cuts, saying he has a responsibility to help Australians in financial stress.
PM open to crossbench talks on tax cut changes
As the Greens urge further changes to stage three tax cuts, the prime minister says he is open to negotiations to ensure their passage through parliament.
Independent MPs ‘conflicted’ by tax cut changes
Changes to tax cuts would help lower income Australians, but some independent MPs are concerned about the impact on their affluent constituents.
Albanese tax plan will give average earner $1500 tax cut – more than double Morrison’s Stage 3
A person on the average annual wage of $73,000 will get a tax cut of more than $1500 a year under Labor’s revamped tax policy – more than double the cut they’d have received under the Coalition’s legislated stage 3 plan.
Sea changers flock to more affordable coastal towns
Home buyers moving to the seaside are looking to buy for well under $1 million, with affordable coastal markets in Western Australia booming.
PM justifies rejigged tax cuts as cost-of-living relief
The prime minister has backed his government's reworked income tax package as the best way forward for struggling workers.
Woolworths CEO defends Australia Day merchandise choice
Woolworths chief executive Brad Banducci has backed the supermarket's choice not to stock Australia Day merchandise as staff report more and more abuse.
House prices smash records, wiping out downturn losses
Australia's housing sector has recouped all losses from the 2022 downturn to end 2023 smashing median price records across all capital cities.
Plastic makes up the majority of Aussie marine litter
Plastic made up 79 per cent of the rubbish collected from Australia's urban rivers, bays and beaches over the past three years, conservationists say.
Labor on vote-buying spree promising tax cuts for all
Anthony Albanese is promising middle Australia will be the focus of cost-of-living support, as speculation mounts about changes to stage three tax cuts.
Salaries on the rise, outstripping inflation
New data shows advertised salaries are rising faster than inflation, as the government comes under pressure to ditch stage three tax cuts.
DP World warns of more port strikes due to bargaining
Executives for DP World say new multi-employer bargaining laws would lead to further port strikes across Australia as its own pay dispute continues.
PM looking for extra dollars for those ‘doing it tough’
Cost-of-living relief could be on the way as inflation begins to soften and politicians rush back to Canberra to find ways to ease the pressure on Australians.
Financial relief on the cards as MPs rush to Canberra
Cost-of-living relief could be on the horizon as inflation begins to soften and politicians rush back to the capital to talk economic strategy.
Cost of living pressures mount on first cabinet meeting
Anthony Albanese's cabinet is meeting in Canberra more than a week before parliament resumes as living costs raise pressure on households and government.
Labor MPs to discuss rising cost-of-living pressures
Labor MPs have been called back to Canberra to meet before parliament resumes as the Albanese government looks to ease cost-of-living pressures.
Cabinet meet to discuss rising cost-of-living pressures
The federal cabinet has been called back to Canberra before parliament resumes as the Albanese government looks to ease cost-of-living pressures.
Economy strong but slowdown on horizon, IMF warns
In its latest assessment of the Australian economy, the International Monetary Fund says growth is set to slow, despite more resilience than other nations.
Supermarkets to face inquiry over grocery prices
Major supermarkets are set to face a Queensland parliamentary inquiry following a meeting with state premier Steven Miles.
Rate cut prospects up in the air as labour market cools
Some economists predict a softening labour market could bode well for interest rate cuts after Australia's jobless rate plateaued at 3.9 per cent in December.
Jobless rate steady at 3.9 per cent
Australia's jobless rate has plateaued at 3.9 per cent after both employment and unemployment fell in December, Australian Bureau of Statistics data shows.
Supermarkets under scrutiny over food costs
Queensland Premier Steven Miles is set to meet supermarket bosses over the rising cost of groceries.
Russia got $A4.4b of military goods despite sanctions
Russia has been able to purchase some $A4.4b worth of Western components to produce weapons like the "Kinzhal" hypersonic missiles.
Gaza conflict ‘gutwrenching’, Blinken tells Davos meet
The US is in demand in the face of global challenges ranging from war in Gaza and Ukraine to tensions over Taiwan, Secretary of State Antony Blinken says.
Insolvency on the rise, as opposition attacks govt fund
The coalition have criticised the government for the number of manufacturing businesses going under as insolvency levels rise above pre-COVID levels.
consumers
economy, business and finance
electricity production and distribution
energy
environmental issue
politics
Energy upgrades to ease hard decisions for renters
Amid "horror stories" from low-income households battling rising living costs, $206m will be spent to cut energy bills and open the door to solar power.
Jetsetters and shoppers spend big as confidence returns
Australians are spending more on travel, insurance and online shopping as inflation reached its lowest levels since January 2022.
PM confirms contentious stage three tax cuts to stay
Aussies earning high incomes will still get their tax cuts amid a cost-of-living crisis, as the government considers how to provide further relief for people.