New figures are expected to show real wage growth has fallen into negative territory.
Eryk Bagshaw is an economics reporter for the Sydney Morning Herald and The Age, based in Parliament House
Home loans to investors have fallen to the lowest level in 10 months.
Senator Derryn Hinch has called for the Australian Federal Police to investigate a leak that led to $14 billion being wiped off banking stocks in the hours before the federal budget.
A first home buyer would only save an extra 1 per cent of the median property price in Sydney or Melbourne under the government's new super deposit scheme, analysis of the federal budget has revealed, as economists question the impact of the policy in areas most targeted by the Turnbull government.
"This is a clear indication that rate hikes are a distant prospect," JP Morgan analyst Sally Auld said.
Treasurer Scott Morrison has seized on a new report that shows house prices in Sydney and Melbourne are slowing to claim regulatory measures to easy Australia's housing affordability crisis are working.
Sydney house prices are set to suffer their first fall in 18 months, new figures show, in the wake of of strong action from regulators designed to curb the growth in investor loans.
Schools need certainty. It's not just pencils they need to budget for, it's speech therapy teachers or school counsellors, where every bit of money could makes a difference to a student's life.
Few seem to care about renters fate but, for once, a little help may be coming their way.
The Reserve Bank has warned regulators it could be forced to clamp down further on home loans and take more drastic action to cool the overheated housing markets.