Economy

Building approvals fell 5.6 per cent in April

Approvals for the construction of new homes fell 5.6 per cent across Australia in April, official figures show.

Property

Consumer confidence starts hurting house prices

For sale

Jared Lynch Sharp falls in consumer confidence have begun to spill into the economy, with house prices in Australia’s capital cities falling for the first time in 12 months.

PMI

Australian manufacturing picks up in May

An employee of Electrolux adds components to a fridge at the Electrolux Factory in Orange, NSW. The future of the factory is unclear at this stage but managment is trying to improve efficiency and production to keep the factory open. generic factory manufacturing fridges industry union employment photo taken on the 11th of June 2013 PHOTO DOMINIC LORRIMER

Australia's manufacturing industry remains in decline, with confidence dampened by the federal budget.

Our first decadal budget is shifty

Ross Gittins dinkus

Ross Gittins This is the 40th federal budget I've studied, and it's definitely one of the most unique.

Eco

Australian wages to fall, says Nobel laureate

Professor James Mirrlees

Tony Boyd Wages will inevitably fall in rich countries like Australia, the United States and United Kingdom as the world moves toward economic equilibrium, according to Noble laureate, Professor James Mirrlees.

Business investment suffers unexpected drop

Mining

Luke Malpass First-quarter business investment comes in lower than expected, but the estimate for 2014-15 has been revised up, lending some support to the dollar.

Economy

New home sales rise in April

Sales of new homes in Australia rose for a fourth straight month in April, underscoring a pick-up in the housing sector.

Telcos

Telstra-NBN Co set to miss deadline

David Ramli The renegotiation of Telstra's $11 billion deal with NBN Co is likely to miss the mid-year deadline set by Communications Minister Malcolm Turnbull, sources familiar with the talks said.

Eco

Housing gives construction a boost

Jobs

Total construction work done bounced back in the first three months of the year, thanks to a surge in housing.

Economy

Housing affordability best in 12 years thanks to low interest rates, says index

Auction preview

Eryk Bagshaw Housing affordability has risen to its most favourable level in 12 years in the first quarter of this year, thanks to record low interest rates, a survey has found.

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Economy

'Genuine slowdown': economic growth indicator hits 3-year low

Empty cash register

Signs a 'genuine slowdown' is underway as Australia's economic growth expectations hit a near three-year low.

Economy

Consumer confidence worst in five years with biggest drop since GFC

A couple descend an escalator in a shopping centre.

Luke Malpass Consumer confidence is now at its lowest level since May 2009, with the biggest sustained drop since the global financial crisis in the past five weeks.

Eco

Financial stress levels rising rapidly: survey

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Luke Malpass Australian consumer financial stress is rapidly rising, as households begin to digest the federal budget, and adjust to low wages growth, a survey has found.

Housing

Housing squeeze: Baby boomers moving to mum's retirement village

Baby boomers

Michael Bleby Rob and June Elbourne are moving house. It's not surprising that Rob, 60, and June, 70, are downsizing.

Hockey's budget applies a cleaver, not a brain

Ross Gittins dinkus

Ross Gittins As a vehicle for micro-economic reform, the budget gets less impressive the more I study it.

Superannuation

Australians outliving their super funds

Changes in retirement and super coming? (Thumbnail)

When Christine Leaves quit full-time work in her late-50s, she spent most of her small retirement savings on a new car.

Malcolm Maiden

Steady as she goes, with an asterisk

Malcolm Maiden dinkus

Malcolm Maiden The Westpac-Melbourne Institute Index of Consumer Sentiment joined the ANZ-Roy Morgan consumer confidence survey in reporting post-budget consumer blues on Wednesday, but confidence surveys tend to...

Economy

Belt-tightening ahead as real wages fall

$50 notes

Jared Lynch Families are expected to cut spending further as wage growth plunges to its lowest in 17 years.

Micheal Pascoe

Why the budget pain game is dangerous

Federal Treasurer Joe Hockey address a crowd at a Liberal luncheon held at the Westin in Sydney following last weeks Budget.

Michael Pascoe The extreme divisiveness of Australian politics over the past four years is starting to extract an economic toll.

Eco

Consumer sentiment falls to two-year low

There has been a radical shift in how consumers make decisions. Products are being evaluated more on their

There is more evidence that last week's federal budget has dealt a blow to consumer confidence.