Minutes

RBA says house price jumps good for economy

The RBA said rising house prices were adding to household wealth at a time when wages were growing slowly, encouraging people to spend more money.

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Lower profits, weaker market in 2015, predict fund managers

Leading fund managers are predicting a subdued market in 2015.

Bianca Hartge-Hazelman Some of Australia’s best-known fund managers name stocks that should do well in what’s predicted to be a sluggish 2015.

Economy

Who wins in Australia-China free trade agreement?

Xi

Max Mason Several Australian industries stand to benefit from the free trade agreement signed with China. Here’s a quick summary of some of the key winners.

Rates

RBA should cut interest rates to below 2%, says Credit Suisse

Reserve Bank governor Glenn Stevens has to balance overheated property markets in Sydney and Melbourne with the needs of the wider economy.

Mark Mulligan Credit Suisse has become the latest bank to call for more official interest rate cuts to support the struggling domestic economy.

Michael Pascoe

G20's major commitment to nothing much new

G20 leaders watching a cultural performance of indigenous dancers that summit in Brisbane.

Michael Pascoe It would be rather funny if global leaders weren't already trying to grow the global economy by as much as possible

Economy

'Entitlement mentality': Sickies costing employers $33b a year, survey finds

Misa Han Employees are taking nearly 10 sick days a year, costing employers over $33 billion, a survey by an absence management agency finds.

Comments 167

Economy

House price growth to 'decrease markedly', says Saul Eslake

Economist Saul Eslake says the current slowdown in house price growth will continue into 2015, despite record low lending rates.

Mark Mulligan House price inflation will decelerate further next year, weighing on construction activity and household sentiment, as real wage and income weakness continues to hold back economic growth, according...

University status comes at a high price

Academics.

Ross Gittins Academics know the fast-track to the top comes from the quality and quantity of their research, as evidenced by their publication records.

Comments 132

Economy

Falling oil price a free kick for Australian economy

Oil refinery

Stephen Cauchi The plummeting oil price - trading this week at four-year lows below $US80 a barrel - is a welcome and unexpected "free kick" for most of the Australian economy, according to analysts.

William Pesek

Mr Abbott, the world doesn't need another growth target at G20

Hosting world leaders: Prime Minister Tony Abbott with British Prime Minister David Cameron at an event in Sydney on Friday ahead of the G-20 meeting in Brisbane.

William Pesek Fact is, the G20 will struggle to meet current growth hopes, let alone elevated ones. Rather than obsessing over a nonsense target, Mr Abbott should be focused on making investments at home that will...

Multinational tax details to be kept secret

Tax

Nassim Khadem The OECD's head of tax has rejected calls to publicly release country-by-country breakdowns of taxes paid by multinationals, despite growing pressure from community and transparency groups.

Growth

World outlook darkens as investors fear Europe deflation

German chancellor Angela Merkel's standing with investors has plunged over her government's restrictive fiscal policies.

The world economy is in its worst shape in two years, with the euro area and emerging markets deteriorating and the danger of deflation rising, according to a global poll of international investors.

Property

Median asking price for Sydney houses tops $1 million

Sydney's median asking price jumped $10,600 in a week.

Sydney’s median asking price for detached houses topped $1 million this week for the first time as sellers raised expectations in a booming market.

Wages

Miners wages stall as resource boom fades

Wages for mining jobs rose just 0.2 per cent, a third of the national wage inflation rate.

Mark Mulligan Australian wage inflation remained subdued in the September quarter, held down by the slowest three-month growth in the mining sector in the history of the data series.

Economy

Consumer pessimism heralds 'disturbing' Christmas sales, Westpac survey shows

Not so merry Christmas? Some 38 per cent of respondents plan to spend less, and 50 per cent want to spend the same on gifts as last year, the survey found.

Stephen Cauchi Consumer confidence has improved marginally in November, but has nevertheless clocked up the longest bout of pessimism since the global financial crisis, the latest Westpac Index shows.

Gareth Hutchens

Tony Abbott's G20: Don't mention the word 'inequality'

Gareth Hutchens dinkus Dinkus

Gareth Hutchens Someone handed me a document last week. This document was presented at the G20 Sherpa Meeting in Melbourne in June, which is a closed-door meeting.

Economy

Sydney house prices outstrip other cities in September

Sold

Stephen Cauchi Sydney's house prices continue to soar, with Australian Bureau of Statistics data showing a 2.7 per cent rise for the September quarter - nearly three times that of Australia's other cities.

Economy

Business confidence slips despite better conditions

Confidence among Australian businesses is sliding, despite what many report as an improvement in business conditions.

Mark Mulligan Business confidence continued to wane in October, although operating conditions surged, according to a survey by National Australia Bank.

Business

CrossFit craze a free market success story

Joshua Hromis

Liam Mannix In CrossFit’s laissez-faire free market, there are no rules, the strong prosper, the meek do not inherit anything and are destroyed.

Michael Pascoe

Earth to Canberra: the tax review has been done

Michael Pascoe dinkus Dinkus

Michael Pascoe Sunday must have been a slow news day – Tony Abbott’s parliamentary secretary, Josh Frydenberg, managed to get headlines for thinking that payroll tax is not a good and efficient way of...