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The Latest Breaking News from Susie Dodds

Bleak outlook for national economy if Iran war drags on

Higher budget spending won't help the Reserve Bank, economists warn, as a prolonged war in the Middle East is forecast to push inflation above seven per cent.

AAP

Last-minute budget pitch to 'level field' for young

Labor has made a pre-budget pitch to young Australians on social media as the government shakes up the tax system to help more people buy homes.

AAP

Oil crisis not over: warnings of diesel over $4 a litre

With the Strait of Hormuz still shut and stockpiles running down, economists warn fuel prices could spike above levels previously seen during this oil crisis.

AAP

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Third RBA rate hike might not be the end for borrowers

Mortgage holders are back to square one after a third straight Reserve Bank rate hike, adding hundreds of dollars more to interest repayments since February.

AAP

Right tax moves matter more than mandates: treasurer

Expected changes to negative gearing or capital gains tax would not break an election promise because they would be for the right reasons, Jim Chalmers says.

AAP

Close call tipped as Reserve Bank mulls third rate hike

Traders and economists expect the central bank to raise interest rates for a third straight meeting but high uncertainty could result in another split decision.

AAP

PM rubbishes budget tax speculation as home prices slow

Sydney's home price premium over Brisbane and Perth continues to narrow as values retreat in Australia's two largest cities.

AAP

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Hopes of wartime windfall shot down for federal budget

The federal treasurer is being urged not to grandfather tax breaks for asset-holders in the budget as the economic impact of the Iran war worsens.

AAP

Treasurer downplays property tax windfall from budget

Jim Chalmers is talking down the amount of extra revenue that changes to negative gearing and the capital gains tax discount will add to the budget.

AAP

NDIS cuts not just about kicking people off: minister

The minister in charge of the NDIS has defended looming changes to the scheme that will require people with disabilities to be reassessed.

AAP

Pressure on states to get behind NDIS changes

States and territories are being lobbied by the federal treasurer to back National Disability Insurance Scheme reforms to handle more people than previously.

AAP

Compromises abound in PM's global hunt for extra fuel

As fuel supplies tighten, world leaders - including Australia's - are having to make uncomfortable choices about where they source their oil.

AAP

Warning for borrowers as RBA frets over its credibility

The Reserve Bank is worried about 1970s-style runaway inflation if it loses credibility in fighting inflation, as analysts warn of up to five more rate hikes.

AAP

World economy counts cost of war as strait closes again

The economic costs of conflict are greater than severe natural disasters and can leave scars that last for a decade, the world's "financial firefighter" says.

AAP

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AAP

Community searches for answers over shock Freeman find

Unanswered questions are reverberating through a border community after alleged cop killer Dezi Freeman was found on an isolated bush block.

AAP

Global group backs cuts, rate rises to curb inflation

Australia's inflation rate will peak higher than previously forecast, as surging oil costs cause consumer prices to increase, a Paris-based policy body says.

AAP

RBA ready to shift up a gear as the neutral rate rises

The Iran war will hurt consumers by pushing up prices and slowing the economy but the Reserve Bank must act to contain inflation expectations, an official says.

AAP

Safe as houses: home resale profits go through the roof

Record home sales profits are lining the pockets of people in the housing market, while pushing the price of admission beyond the means of ordinary Australians.

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AAP

Discounting, inventory issues weigh on Rebel Sport

Super Retail Group's profit fell 20 per cent in the first half, but sales were up and that momentum has continued into the second half.

AAP

'Silencing mechanism': ex-Matildas slam new FA platform

Relations between ex-Matildas and Football Australia have soured further on the eve of the Women's Asian Cup over the introduction of a new ticketing platform.

AAP

Reserve Bank boss calls on businesses to invest smarter

Opposition MPs have grilled Reserve Bank officials over whether government spending and monetary policy errors contributed to the first rate hike in two years.

AAP

Aussie dollar breaks barrier as greenback loses shine

Australians travelling to the US are celebrating after the dollar broke through a key mark against the greenback for the first since early 2023.

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