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Peter Martin

Peter Martin is the Economics Editor for The Age.

Why we need the Australian dollar to be US60c

Peter Martin The Australian dollar has dipped below 70 US cents twice in the last two days. Next time, it's set to stay below 70 and keep falling.

Economic growth close to zero as living standards slip

Joe Hockey

Peter Martin A sharp fall in national income has all but obliterated economic growth, pushing down income per head by the most since the GFC.

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Wine equalisation tax rebate widely rorted, Treasury says

Whereas beer and spirits are taxed per unit of alcohol, wine is taxed on the basis of its wholesale price.

Peter Martin Wine producers face the prospect of losing their generous tax rebates in the wake of a treasury finding of widespread and systematic rorting of the scheme.

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Unemployment rate, jobs both record surprise jumps

Peter Martin Employment surged in the month of July even as the unemployment rate climbed from 6 to 6.3 per cent.

Reserve Bank says it's investors pushing up house prices

Investors typically have more equity and borrowing capacity than first-home buyers and perhaps also other owner-occupiers, and might therefore be more able and willing to pay higher prices, says the RBA's Luci Ellis.

Peter Martin The RBA has blamed an unusual concentration of investors for pushing up house prices, saying they are probably pricing out aspiring first-home buyers.

Melbourne house prices tipped to dive, while Sydney's climb then plateau

House prices.

Peter Martin Melbourne house prices are tipped to fall 9 per cent, while Sydney prices continue to rise then hold their value, analysis finds.

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BusinessDay Economic Survey: Real estate the only bright spot for the economy

Saul Eslake expects iron ore to sink to $45 a tonne.

Peter Martin First, the good news. None of the BusinessDay forecasting panel expects a recession this coming year.

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BusinessDay Economic Survey: Arise Steve Keen, forecaster of the year

 

Peter Martin What was it Jesus said about a prophet being accepted everywhere but in his home town?

Income tax. It's having a birthday

Peter Martin dinkus

Peter Martin We are about to celebrate a birthday, a 100th anniversary perhaps even more important than the landing at Gallipoli.

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Unions to lose some seats on industry super boards

Peter Martin Under changes to be announced on Friday, union and employer representatives will have to cede some of their seats on the boards of industry super funds.

Economic growth glory days are over, Australia should rack up more debt, says IMF

Borrowing at near-record low interest rates for projects that would boost Australia's capacity would pay dividends and support the economy during an uncertain transition away from mining.

Peter Martin The Australian government should run up more debt and wind back its budget deficit more slowly in order to boost spending on roads, rail and schools, the International Monetary Fund says.

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Insurance brokers face $225 million fee loss from life business shake-up

Assistant Treasurer Josh Frydenberg has called the proposals  a

Ruth Liew and Peter Martin Financial planners could lose more than $225 million a year in revenue by 2018 as a result of sweeping changes proposed by the beleaguered life insurance industry, as it battles a spate of profit...

Free trade agreements 'preferential' and dangerous, says Productivity Commission

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Peter Martin The Productivity Commission has launched a scathing attack on Australia's latest series of free trade agreements, saying they grant legal rights to foreign investors not available to Australians,...

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Trade

Australia-China free trade agreement favours Chinese investors

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Peter Martin A proposed Australia-China free trade agreement has a glaring bias towards Chinese investors, says fair trade report.

Peter Martin

Why aren't businesses investing? The Reserve Bank thinks it knows

Reserve Bank

Peter Martin The Reserve Bank believes it has cracked one of the biggest problems in modern economics: why Australian businesses aren't investing, even though interest rates are falling to record lows.

Reserve Bank: prepare for even higher house prices

Stocks of land for development in Sydney are getting low, the RBA says.

Peter Martin The Reserve Bank has warned of even higher home prices, saying stocks of unsold land suitable for development in Sydney and parts of other cities are getting "unusually low".

Abbott should stop tilting at windmills - they're the price we pay for progress

Peter Martin dinkus

Peter Martin Visually awful? It's time the landed gentry put up with what the rest of us have gotten used to.

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Tax reform would get more from rich targets

Staff at Centrelink and Medicare will strike on Monday

Peter Martin Super fund concessions for the rich are gaining on the age pension in budget stakes.

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Company tax cuts won't spark investment explosion says treasury chief John Fraser

Treasury secretary John Fraser

Peter Martin The push to cut Australia's 30 per cent company tax rate in order to attract more investment has reached a roadblock in the form of John Fraser, the former investment manager who now runs Australia's...

Federal budget 2015: Cut income tax, says Treasury Secretary John Fraser

Slash income tax ...  Treasury Secretary John Fraser, right, poses for the media with Treasurer Joe Hockey outside the Treasury building in Canberra prior to the release of the Federal budget.

Peter Martin The head of the treasury believes that the easy days of high economic growth are over and that Australia will need big personal income tax cuts to remain competitive.