Ross Gittins

Less to budget than meets the eye

Ross Gittins The more of the budget's fine print I get through, the less impressed I am.

Banker goes in to bat for Joe Hockey's budget

Vesna Poljak UBS Australia economist Scott Haslem has come out in defence of Treasurer Joe Hockey's federal budget.


James Packer kept out of Las Vegas by Blackstone

The Cosmopolitan

James Chessell in London James Packer has missed out on the chance of returning to the US casino market after property giant Blackstone emerged as the new owner of The Cosmopolitan of Las Vegas.


Mortgage safety buffer 'surprisingly low'

Mortgage loan agreement

Clancy Yeates One of the safety buffers the RBA says will protect homeowners against an economic downturn is smaller than many think.


RBA sends warning to first home buyers


Clancy Yeates A senior Reserve Bank official has warned first home buyers against taking on too much debt in order to buy property, saying the squeeze on this part of the market is probably temporary or ''cyclical.


The 'sipping revival': How our coffee addiction is helping the economy


Carolyn Cummins Being a country that loves its coffee, it comes as little surprise that a caffeine hit is also good for the economy.

Real estate

China property slowdown to hurt Australia


Max Mason A slowdown in China's property sector coming at a time when Australia's government is clamping down on spending threatens to shave more than 1 percentage point off domestic growth.


Tough federal budget to hit consumer confidence, say economists

Treasurer Joe Hockey reads the budget coverage in the newspapers with Assistant minister for Infrastructure Jamie Briggs at a Canberra bakery on Wednesday 14 May 2014. Photo: Andrew Meares

Bianca Hartge-Hazelman and Sally Rose Economists say that the government's tough budget could drive confidence to recession levels and delay future interest rate hikes until late next year.


China's super rich flocking to Australia for business

Jared Lynch Australia has toppled France as the top travel destination for China's super rich – and that's without James Packer's ritzy VIP-only casino in Sydney.


Dating in Sydney is getting cheaper


Bianca Hartge-Hazelman Sydney may not be as expensive as it was a year ago by global standards, thanks to a weaker local currency, but Australia is still the world's priciest economy, even if dating just got more...


House prices rise 1.7% in March

A for sale sign

Bianca Hartge-Hazelman The rate of growth in the housing market appears to be tapering off.

Real estate

Housing affordability a challenge for RBA

Max Mason With house prices continuing to surge higher, there is pressure on the Reserve Bank of Australia to act in order to keep home affordability under control.


Banks call end to rate-cutting cycle

generic corporate business company gender equity woman female, business woman

Max Mason National Australia Bank has become the last of the big four banks to call the end of the current rate cutting cycle

World Bank

Australia the most expensive country in the G20

Australia flag

John Kehoe Australians are living in the most expensive G20 economy in the world. A study by the World Bank shows the costs of goods and services in Australia are elevated around the levels of pricey European...

Michael West

Power sector needs a good dietitian

Michael West dinkus

Michael West Dividends gouged by states from the electricity sector are in effect a tax.


How El Nino affects the markets

Warm summer sunset at clear sky and distant land istock generic

Vesna Poljak New research has revealed a link between the weather pattern known as El Nino and asset prices just as Australia is on the cusp of another El Nino event.


Low interest rates set to continue: RBA


Glenda Kwek The Reserve Bank has flagged a continuation of low interest rates for some time as the economy continues to adjust to the fall-off in mining investment amid an uncertain outlook.


Unemployment 'tidal wave' feared in next two years

The budget projects unemployment to flatten over the next year.

Bianca Hartge-Hazelman Fears that the economy may be facing a jobs vacuum next year have got some investment experts questioning whether Australia will be able to fill the growth gap left by the mining boom in the coming...

Hopes that unemployment has peaked

Jacob Greber Companies added more than 26,000 jobs a month this year, official figures show.


NAB boss Cameron Clyne: Australia in 'confidence' trap

08/05/14 AFR. Cameron Clyne CEO of NAB at their half-year results in Sydney. Photos Chris Pearce

Clancy Yeates National Australia Bank boss Cameron Clyne, in his final profit result as chief executive on Thursday, sounded a cautious note on the economic outlook, saying there needed to be a circuit-breaker to...