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The Latest Breaking News from Matt Grudnoff

Government's plan to tax 'unrealised gains' a big worry for farmers as $3m threshold threatens retirement plans

Part of the federal government's changes to rules around superannuation involves a new tax on "unrealised gains", and it has farmers especially worried.

ABC News

Will Labor’s super changes force people to sell assets to pay their tax? Here’s what the experts say

Fears that asset rich but cash poor Australians will be hurt by the new regime are overblown, economists argue

The Guardian - AU

A ‘profit-price spiral’ is the biggest driver of inflation and interest rates in Australia

Priced-in corporate profits footed by consumers accounts for 69% of inflation beyond the RBA’s target, analysis finds.

Crikey

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read the most diverse news in one place.

Will the RBA keep raising rates as your wages fall? Economists say yes

ABS figures show no evidence of the wage-price spiral so feared by the Reserve Bank, and Jim Chalmers says wages growth ‘isn’t the problem’.

Crikey

House hunters could look to border towns

First home buyers in Victoria and Queensland could enter the market sooner by looking over the border after NSW introduced significant property tax changes.

AAP

Nearly 90% of Australians want government to step in on energy costs, poll finds

Survey shows strong support for lowering prices by limiting exports and imposing windfall profits tax on gas companies

The Guardian - AU

Budget repair begins, tax reform is next

Labor has taken a big step towards budget repair but the harder work of serious tax reform has been deferred until further down the track.

AAP

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More than half of NSW MPs own more than one property

High ownership of multiple residences among state MPs has prompted accusations they are ‘blind’ to the escalating rental crisis

The Guardian - AU

Rent freeze: what will the Greens achieve if it comes into effect in Queensland?

Greens bill being introduced to parliament will seek to freeze residential rents across the state for two years

The Guardian - AU

Australia’s highest and lowest income suburbs: how does your postcode compare?

Western Australia’s Cottesloe and Peppermint Grove the top-earning area while five of the lowest are in regional NSW

The Guardian - AU

The 60 millionaires who paid no tax and the richest and poorest postcodes revealed

Sixty people earned more than $1 million but paid no tax in 2019-20, and the country's lowest incomes have been recorded in regional NSW, according to the ATO's latest taxation statistics.

ABC News

'Unprecedented growth in house prices': OECD calls for cap on housing tax breaks benefiting the rich

Capping tax breaks for housing could help reduce house prices and ensure that property is not concentrated in the hands of older and wealthier Australians, the OECD says.

ABC News

Should you leave your money in superannuation or put it towards a deposit for a first home?

Allowing first home buyers to draw their superannuation will likely, over time, push up house prices, according to many leading economists, but are you better off leaving your money in your super fund or pulling it out for a home deposit?

ABC News

Factcheck: did the Coalition create 1.9 million jobs? Will it create 1.3 million more?

Scott Morrison’s government takes credit for job creation, but experts say the increase is driven largely by population growth

The Guardian - AU

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