Auction rates bubble on despite price cool
Despite cooling Australian house prices, auction rates are sky high as buyers get in and sellers go to market before interest rates rise.
economy, business and finance
RBA warns of quicker, steeper rate rises
The Reserve Bank warns borrowers to be prepared for interest rates to rise more quickly than anticipated, as politicians gear up for a cost-of-living election.
Feds ‘must fund’ renewables infrastructure
The federal government is being urged to increase its spending on decarbonisation to unlock investment and jobs in the Hunter and Gladstone regions.
Toyota class action bill could reach $2b
A class action lawsuit against Toyota has been upheld, with the auto giant facing the prospect of paying out thousands of customers to the tune of $2 billion.
More economists expect June rate rise
More economists have brought forward to June their expected date for a first rise in the RBA cash rate in a decade.
Major cities see impact of fuel excise cut
Motorists are enjoying lower petrol prices in major cities as a result of the cut to fuel excise and everyone should be enjoying the benefit in coming weeks.
Scarborough gas venture wins key approvals
The Commonwealth-Western Australian Joint Authority has granted Woodside key approvals for the massive LNG Scarborough Project off the coast of Karratha.
Many moving parts gauging inflation: RBA
Reserve Bank officials have told senators they are seeking clarity on the state of inflation as many factors have emerged since its last set of forecasts.
RBA warns watching inflation, wages data
The Reserve Bank of Australia board has left the cash rate unchanged, but warns it will be monitoring inflation and wages figures in coming months.
RBA’s Lowe warns higher inflation ahead
Reserve Bank governor Philip Lowe has warned higher rates of inflation are ahead, signally he will be keeping watch on data results in coming months.
Petrol prices fall as job market tightens
Petrol prices are dropping below $2 while new job advertising figures suggest the unemployment rate could be in the low-threes by the end of this year.
PM and Albanese primed for poll showdown
Scott Morrison was in Tasmania just days out from firing the starting gun for the May election, while Anthony Albanese held a Labor rally in Brisbane.
Plan to boost nation’s farmed prawns fails
The plan to build one of the world's biggest prawn farms at an outback Northern Territory cattle station has been put on hold over cost concerns.
Inflation rise in June quarter: Treasury
A Senate estimates hearing has been told higher global oil prices and supply-chain pressures are contributing to growing inflation.
Bullock appointed Reserve Bank deputy
The Reserve Bank of Australia has its first female deputy governor in its 62-year history, Michele Bullock, who replaces the retiring Guy Debelle.
Jobless rate could fall below 4pct soon
The unemployment rate could fall below 4 per cent sooner than forecast in this week's federal budget with the number of job vacancies growing in recent months.
Carbon price will return under Greens
The Greens say they will bring back a price on carbon if they are placed in the balance of power after the federal election expected in May.
Concerns budget spend will fuel inflation
Global credit rating agencies have given a nod of approval to the federal budget, but economists see pre-election handouts further fuelling inflation.
Budget a measure for tough times: Morrison
The prime minister says the budget is about more than getting re-elected after Treasurer Josh Frydenberg unveiled a number of short-term sweeteners.
Billions set aside for COVID winter fight
Out-of-pocket costs for prescriptions will be reduced for millions of people, while Medicare funding will increase over the next five years.
States to share in $166b of federal funds
Between the GST carve-up and specific purpose payments, the states and territories will share in more than $166 billion in federal funding over the year.
Singapore Air’s Top End flights take off
The first Singapore Airlines passenger flight into the Top End for more than two decades is set to land in Darwin as tourists begin returning to Australia.
Smaller deficits even as Frydenberg spends
Treasurer Josh Frydenberg has banked some of the windfall from strong economic growth, low unemployment and a spike in commodity prices.
Pre-poll budget offers cash, cheaper fuel
Australians will get one-off cash handouts and tax breaks and pay less for fuel under new budget measures, but a lack of permanent relief has been criticised.
Federal budget shows 3.75pct jobless rate
The federal budget will forecast the unemployment rate falling to 3.75 per cent later this year, well below what was expected just a few months ago.
Pre-election budget to ease cost of living
Tuesday night's federal budget is expected to include a cut to the fuel excise as well as assistance for more first home buyers.
Budget to enjoy dividend of strong economy
Treasurer Josh Frydenberg says Tuesday's budget will show a significant improvement in the bottom line as a result of a strong economy.
Youth mental health focus set for budget
More than $260 million has been set aside in the budget for mental health services for young Australians, as the government seeks to highlight health care.
Federal budget improves in red-hot economy
Economists expect Treasurer Josh Frydenberg's fourth budget will show a much-improved bottom line in an economy that is running red hot.
Wage pressures as job demand stays strong
The National Skills Commission says job advertisements on the internet rose by a further 3.6 per cent in February.
breaking_news
economy, business and finance
energy (general)
energy and resource
environmental issue
natural gas
natural resources (general)
politics
Gas frackers, cattle incompatible: inquiry
A Senate inquiry has heard the cattle industry and traditional owners cannot co-exist with gas fracking companies in the Northern Territory's Beetaloo Basin.