Consumer sentiment falls to two-year low

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


Australian dollar to be hit by bank funding and mining slowdown

James Eyers Lower demand for offshore funding from banks and less foreign investment in the resources sector are likely to put downward pressure on the Australian dollar, says RBA assistant governor Guy Debelle.


Why is our consumer mood so bad?

Man sitting at desk, resting head in hands, frowning

Jens Meyer Recent economic data in Australia has been pretty good, so why is the mood among consumers so bad, Deutsche Bank's chief economist Adam Boyton asks.


AAA rating not essential, say analysts

Standard & Poor's

Vesna Poljak Investors say they would not mourn Australia's triple-A credit rating if the economy were stripped of its prestigious badge by ratings agencies because top ratings have become less relevant to bond...


RBA says no interest rate change for 'some time yet'

Glenn Stevens

Borrowers can rest assured that interest rates aren't going anywhere any time soon.


Federal budget sinks consumer confidence


Jared Lynch Consumer confidence has fallen at the fastest rate since 2008 after the Abbott government delivered its first budget last week and has dropped a sharp 14 per cent in the past four weeks.


Australia warned AAA credit rating is at risk

Budget fallout continues  (Thumbnail)

Ratings agency Standard & Poor's has warned Australia's AAA credit rating could be reviewed unless significant cuts are made to the budget, providing the Abbott government with much-needed...


Telstra to build national Wi-Fi hotspots


David Ramli Telstra is set announce a plan to invest tens of millions of dollars in a national Wi-Fi network on Tuesday in Sydney.

Interest rates

Interest rates to stay steady until 2016, says Saul Eslake

Saul Eslake

Vesna Poljak Prominent economist Saul Eslake has ditched his forecast for a final rate cut from the Reserve Bank of Australia in this cycle and now expects that the central bank will be on hold next year before...

Ross Gittins

Less to budget than meets the eye

Ross Gittins dinkus

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.