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The Latest Breaking News from Saul Eslake

Top economist says Libs' housing plan is a bad idea

A leading economist has derided the coalition's plan to let people use super for housing as "one of the worst policy decisions" of his lifetime.

AAP

Coalition plan to give first home buyers access to super would benefit ‘those who already own housing’

Saul Eslake report finds plan would cause Australian property prices to rise at a faster rate

The Guardian - AU

Despite all the doom and gloom on Australia’s economy, could the worst be behind us?

We hear about the ‘weakest growth in decades’ and being ‘smashed’ by the RBA, but positive tidings abound – if you want to look for them

The Guardian - AU

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State finances on track to be 'worst in the country'

Tasmania, the home of Australia's only Liberal government, faces deteriorating finances based on policy decisions over a decade, a leading economist says.

AAP

Families set to pocket more than $60 a week from stage-three tax cuts

Treasury analysis shows ‘mums and dads’ will be among the biggest beneficiaries when 1 July cuts kick in, Jim Chalmers says

The Guardian - AU

When Michele Bullock tells us she’s not for turning in fighting inflation we should believe her

The RBA governor is reminding everyone that her mandate covers not just inflation, but also full employment

The Guardian - AU

Top economists give budget modest rating and doubt inflation will fall as planned

Asked to grade Treasurer Jim Chalmers’ third budget on his own criteria of delivering on “inflation in the near term and then growth in the medium term”, most of the 49 leading economists surveyed by the Economic Society of Australia and The Conversation have failed to give it top marks.

The Conversation

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US and China need ‘climate armistice’ to meet net zero, says former head of CSIRO

‘Climate change is a global problem. It needs that global level of collaboration,’ says Larry Marshall

The Guardian - AU

Victorian budget a family affair, but details scant

The Victorian budget remains cloaked in secrecy but shapes as a no-frills affair as the government tries to combat rising debt and infrastructure blowouts.

AAP

Spotlight on RBA after concerning inflation data

No change in the official cash rate is expected this week, with the Reserve Bank's reaction to a stronger inflation print the main point of interest.

AAP

Tas election pledges to put budget in 'worse' position

Tasmania's major parties have accused each other of overspending and budget mismanagement days out from the state election.

AAP

Reserve Bank tipped to hold interest rate but economists split on when cuts will start

Pundits and investors expect the RBA to leave its cash rate unchanged at 4.35% when the board meets on Tuesday

The Guardian - AU

Stage-three tax cut changes will have minimal effect on inflation, economists predict

Banks say tax tweaks approved by Anthony Albanese’s cabinet may slow pace of RBA interest rate cuts and further reforms are needed to fill budget shortfalls

The Guardian - AU

Labor could raise welfare payments for cost-of-living relief without stoking inflation, economists say

Albanese government would need to couple any increases in unemployment benefits and pensions with savings, experts say

The Guardian - AU

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The Conversation

View from The Hill: Josh Frydenberg puts political ambition aside to remain in business

Former Treasurer Josh Frydenberg’s decision to put a business future before an attempted political revival is a blow for the Liberal Party, but a relief for the teal member for Kooyong, Monique Ryan.

The Guardian - AU

Controversial new Tasmanian AFL stadium could add $226m a year to economy, report finds

But a parliamentary committee says there has been no evidence to bolster the key assumptions underpinning the business case

AAP

Unpleasant budget looms as Victoria eyes soaring debt

There are not many pleasant ways for Victoria to bring its perilous financial position under control ahead of the state budget, a leading economist says.

The New Daily

‘Significantly weaker’: Unemployment rise sparks fears for Australian jobs

A surprise uptick in unemployment in April has stoked fears the labour market may be starting to turn, as forecasts predict a jobs downturn.

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news in one place.

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The Guardian - AU

Going halves: are shared equity schemes the answer in Australia’s pricey property market?

Nonprofit schemes aim to help first home buyers who cannot rely on ‘the bank of mum and dad’ – but they have their limits

The New Daily

‘Disingenuous’: Inflationary trade-off in Jim Chalmers’ budget

Jim Chalmers claims his cost-of-living package won't worsen inflation, but experts take a different view, saying it will.

The New Daily

Australians have been scared off loans – and that’s exactly what the RBA wants

The majority of Aussies have been spooked off of loans and have lost faith in the decisions of the RBA, research shows.

The New Daily

‘Peaked’: Small relief from slowing inflation as rents and utility bills soar

Inflation has begun easing as goods prices fall, but the cost of living crisis isn’t over yet as rising rents and utility bills hit families.

ABC News

The mining sector made more than half of Australia's corporate profits, so why do economists want to ignore it?

Australia's mining sector has generated windfall profits over the past two years, the result of dramatically higher prices for fossil fuel energy, but has it driven inflation?

The Guardian - AU

Warning decline in Australia’s adult literacy being hidden by lack of data

New national study to be launched to document deterioration in basic reading and writing skills, particularly in Tasmania

The New Daily

Porter Davis collapse: What’s wrong with the Australian construction industry?

Building giant Porter Davis unlikely to be the last construction giant to collapse under the weight of inflation and rising interest rates.

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