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The Latest Breaking News from Saul Eslake

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.

AAP

‘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.

The New Daily

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 Guardian - AU

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‘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.

The New Daily

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?

ABC News

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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 Guardian - AU

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.

The New Daily

Increase GST rather than change tax on super, expert says

Proposed changes to super pension payments have been questioned by some experts, who say more comprehensive tax reform would be better.

The New Daily

Rental market is bad and likely to get even worse

The lines of hopeful tenants vying for rental properties are only expected to get longer as pressures on Australia's rental market intensify.

The New Daily

Super funds deliver stability for members as regulators call for more transparency

Superannuation has proved its stability in troubled times with the average balanced fund making a gain of 1 per cent while shares fell.

The New Daily

Grattan on Friday: Should Anthony Albanese keep his word on the Stage 3 tax cuts?

The final, mega stage of the Coalition’s tax cuts, worth more than $240 billion over a decade, is now in the gun sights of many critics, who are calling for Anthony Albanese to dump his promise to deliver it.

The Conversation

MPs lean on Anthony Albanese, but dumping of tax cuts quashed

Senior Labor sources last night quashed speculation that the government was giving itself room to dump the controversial stage three tax cuts.

The New Daily

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ABC News

Stamp duty or land tax? Economists say the one that makes the most sense is politically toxic

The Tasmanian Premier stood up in parliament and refused to rule out a switch from stamp duty to a land tax on the family home, but a hasty statement shortly afterwards saying there were no such plans has economists scratching their heads.

ABC News

Sally McManus says labour's share of GDP is the lowest it's been since 1960. Is that correct?

ACTU secretary Sally McManus says worker's share of wealth is the lowest it's ever been, pointing to the labour's share of income statistics as evidence. RMIT ABC Fact Check investigates.

The New Daily

‘Turning point’: Business collapses spike but local recession still unlikely, say economists

The number of businesses falling into administration spiked in July as economists warn the economy is headed towards a “turning point”.

The New Daily

Mortgage bills to jump $140 in August as inflation worsens

Home owners will be slapped with another painful mortgage squeeze in August after the Reserve Bank hiked interest rates to a six-year high on Tuesday.

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The New Daily

‘Red hot’: Typical mortgage bills to rise $140 in August as inflation surges

Typical monthly mortgage bills are expected to rise another $140 next week after new data showed inflation continued rising in the June quarter.

The New Daily

‘Inflation spiral’: Price rises broaden as households face supermarket squeeze

Households are being squeezed at the petrol pump and increasingly at the supermarket as Australia's cost-of-living crisis continues to worsen.

The New Daily

Why superannuation might be your best investment despite a tough year

Superannuation funds went backwards by 3.3 per cent last financial year, but your super fund is likely earning you more than you could make elsewhere.

The New Daily

The Reserve Bank will face a major review. Here’s what that means

Australia’s inflation target and why the Reserve Bank has failed to achieve it will be probed in the biggest review of the central bank in decades.

The Guardian - AU

Mortgage holders should brace for short-term pain as RBA signals steady interest rate rises to tackle inflation

Philip Lowe says reserve bank looking for its ‘neutral rate’ which could see cash rate almost double in coming months

The New Daily

Inflation blame game: Are soaring profits pushing up prices?

What, or whom, is to blame for the worst cost-of-living crisis in decades? New analysis has pointed the finger at greedy businesses.

The Guardian - AU

Labor pledge to scrap the cashless debit card will save budget $286.5m over four years

Government’s election promises will add $6.9bn to deficits over four years, Parliamentary Budget Office says

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