Jobs

'Corporate psychopaths': When employees hit back online

Misa Han BHP Billiton is "a textbook example of bureaucracy, office politics, dysfunctional communication and operational inefficiency" and National Australia Bank is "an environment perfect for nurturing...

Property

One in eight homes now foreign bought, report finds

City apartments in Sydney and Melbourne are attracting plenty of foreign buyers.

Stephen Cauchi Foreign investment in housing has nearly doubled over the last year, with most approvals centred on new units and apartments in inner Melbourne and Sydney.

'Thousands' in ATO sights over tax havens

ATO

Stephen Cauchi The Australian Taxation Office is ramping up its efforts to catch Australians who park undisclosed funds in other countries, saying it expects to contact "thousands of people" over the coming months.

Property

New home sales fall in May

Falling new home sales indicate the housing market may have peaked.

Sales of new homes in Australia fell in May for the first time in five months, possibly a sign that the housing market may have peaked in this cycle, an industry survey showed on Monday.

RBA says foreign buyers not to blame for housing shortage

shortage not because of foreign buyers

Rebecca Thistleton Offshore buyers cannot be blamed for a lack of affordable housing, RBA assistant governor Christopher Kent has said.

Economy

Australian job vacancies at highest in over a year

Job vacancies data for the May quarter indicates a rebound in demand for workers.

Job vacancies in Australia rose to their highest in over a year in the three months to May, a second straight quarter of gains that hint at a welcome sign of returning demand for labour.

Tech

Telstra in $150m NBN fibre deal

NBN.

David Ramli NBN Co and Telstra have signed a deal worth about $150 million to connect 206,000 homes and businesses with the Coalition's preferred fibre-to-the-node technology.

Dire

Boost your super or face a 'modest' retirement

Superannuation options: which is best? (Thumbnail)

James Frost Large numbers of workers approaching retirement will be forced into modest lifestyles devoid of creature comforts unless the superannuation system is given a comprehensive overhaul.

Michael Pascoe

What Al Gore needs to know about Clive Palmer

Clive Palmer

Michael Pascoe There's something Al Gore should understand before sharing a stage with Clive Palmer.

Economy

Consumer confidence up, but risks remain

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GENERIC CASH REGISTER MONEY ECONOMY GST SALE RETAIL YOUTH  WORKER

Luke Malpass Consumers are recovering from the shock of the federal budget, the ANZ-Roy Morgan consumer confidence index shows.

Workplace

Business lobby pushes for annual leave changes

Sand castles

Nassim Khadem Employers could force staff to take holidays during close-down periods such as Christmas, direct workers with "excessive" leave to take time off, or cash out their leave entitlements, if submissions...

Eco

Budget turns up the heat on households

Late night shopping extended in city centre (Thumbnail)

Jared Lynch Households are expected to come under further pressure this year, slashing spending as the unemployment rate rises and the federal budget eats into disposable incomes, a prominent economist says.

Eco

Australia's tax rate 'uncompetitive' says Richard Goyder

Bianca Hartge-Hazelman The boss of supermarket giant Wesfarmers has backed fresh calls for bigger cuts to made to the corporate tax rate, amid concerns that living standards and jobs could be at risk if Australia continues...

Economists facing flak over ethics

Ross Gittins dinkus

Ross Gittins Are economists ethical? Short answer: no more than most. Long answer: well, it's not something they think about much.

Economy

Chinese, Kiwis see the light, but Australians share Europe's gloom

Clouds gather around parliament

Stephen Cauchi In the world of consumer confidence, Australians are almost as pessimistic as the Europeans.

Michael Pascoe

Victoria the local people magnet but foreigners prefer NSW

opo

Michael Pascoe As the Australian economy changes gears, Victoria is proving the people magnet for locals.

Eco

Budget casts doubt over manufacturers

A three-year best performance by manufacturers could be cut short by uncertainty surrounding the federal budget.

Numbers game

Property vs shares: which did better?

Generic stock exchange ASX  investor shares portfolio

Misa Han The past ten years may have been a great time to be invested in the equity market but residential property delivered better, more steady returns over the longer run, according to a new report.

Economy

Economy set to lose momentum with below trend growth ahead

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Australia's economy will lose momentum later in the year, not helped by a fall in consumer confidence after May's tough federal budget.

Economy

Property prices about to drop without interest rate cut, warns report

The Jamieson Apartments.

Eryk Bagshaw After two years of surging growth, Australian house and apartment prices may be about to drop, a new report has found.