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Peter Martin

Peter Martin is the Economics Editor for The Age.

RBA says next interest rate move 'almost certainly' a cut

Gareth Hutchens and Peter Martin Reserve Bank governor Glenn Stevens says if interest rates were to move shortly, they would be cut again.

Housing crisis report says backyards for children vanishing as oldies stay put

backyard.

Peter Martin Backyards will soon become unattainable for the majority of children born in Sydney and Melbourne, according to an explosive new report which blames a buildup in the number of largely-empty houses...

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The 38-hour week a rarity among full-time workers, new data shows

More than a third of mining workers in Australia put in a working week of longer than 38 hours, according to new statistics.

Peter Martin Officially, Australians in full-time jobs put in 38 hours per week. But the first detailed survey shows that most full-time workers surveyed put in more.

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Superannuation 'circuit breaker' would save budget $6b per year

Housing.

Peter Martin and Latika Bourke How concessions for the wealthy could be pared back.

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Westpac, Commonwealth Bank protect mortgage profits no matter what

The Commonwealth Bank is lifting its variable mortgage rate by 0.15 points.

Peter Martin If the Commonwealth Bank and Westpac had been located anywhere else, they wouldn't have pushed up rates.

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Now Joe Hockey says he wanted to tax the rich all along

Peter Martin dinkus

Peter Martin Now he tells us. Hockey wanted to wind back super tax concessions all along.

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Budget 2015-16: Revenue problem for Treasurer Scott Morrison as takings fall short

Treasurer Scott Morrison.

Peter Martin Weeks after Treasurer Scott Morrison declared his budget had "a spending problem, not a revenue problem", new finance department figures show revenue falling short.

No longer a nation of home owners, now we're renting

Australia has turned into a nation of landlords and renters, new statistics show.

Peter Martin Once a nation of homeowners, we are becoming a nation of renters.

Why you're working an extra 16 minutes a week

New figures show the average Australian worker is putting in a longer working week than this time last year.

Peter Martin Feel like you're working longer days? That's because if you're a typical Australian worker, you are.

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Westpac consumer sentiment index shows Coalition voters suddenly gloomy

Prime Minister Malcolm Turnbull during question time at Parliament House on Wednesday.

Peter Martin It's as if they have switched sides. Since the ascension of Malcolm Turnbull, its Coalition voters who have been feeling downbeat - the most downbeat since the election - and Labor voters who've been...

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Steady on, a Reserve Bank rate cut is no sure thing

Just because Westpac has raised its variable mortgage rate doesn't mean the Reserve Bank will cut rates in November.

Peter Martin Steady on. It's far too early to predict a rate cut in November. And that isn't just because the Reserve Bank genuinely hasn't considered the question and won't until shortly before its November...

Malcolm Turnbull's city focus on the money, but Labor not convinced

Mark Kenny, Peter Martin Malcolm Turnbull and Bill Shorten have used the first day of the new parliamentary fortnight to trade blows over urban public transport in a marked departure from the Abbott period, in which such...

Labor eyes changes to ease path of China free trade agreement

What effect has the sharemarket correction had on China's economy?

Peter Martin and Mark Kenny Labor is considering proposing an amendment to section 140GBA of the Migration Act which requires labour market testing before the import of workers on 457 visas, but only for a class of employers...

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Australia needs more tax, lower interest rates: International Monetary Fund

A Sydney woman has been charged with stealing $150,000 from The Benevolent Society.

Peter Martin The International Monetary Fund says Australians will need to pay more tax, whatever the mix of specific measures adopted by the government.

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Compromise on China-Australia Free Trade Agreement proposed

Craig Emerson has suggested a change to regulations under the Migration Act, which would allow the FTA without permitting the free import of Chinese workers.

Peter Martin Former trade minister Craig Emerson has proposed a way out of the impasse between Labor and the Coalition over the China-Australia Free Trade Agreement.

Tony Abbott's pension. The myth that won't die

Did Tony Abbott really miss out on a windfall? The answer is no.

Peter Martin Some stories are too good to die, like the one about Tony Abbott's prime ministerial pension. Apparently he would have been able to get one if he had been in office for just three more days.

Australia heads to Atlanta for last-ditch talks to revive Trans-Pacific Partnership

Peter Martin The stalled Trans-Pacific Partnership negotiations will be re-started next week, with the possibility of an agreement by the week's end.

Turnbull government's tax white paper: why we need a reset

Peter Martin

Peter Martin Like the Monty Python Black Knight, Treasury was continuing after its arms and legs were chopped off.

Banks face GST-style tax of 10 per cent under 'grand bargain' proposed by Jay Weatherill

Premier of South Australia Jay Weatherill.

Peter Martin Banks would face a tax of 10 per cent on their margins as part of a "grand bargain" proposed by the South Australian premier Jay Weatherill to properly fund health care.

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AFR Tax Reform Summit: Labor says no to a higher GST, yes to lower company tax

Mr Bowen at the AFR Tax Reform Summit in Sydney.

Peter Martin Labor has flatly rejected co-operating with the Coalition on boosting the goods and services tax, whatever the outcome of next year's tax white paper and negotiations with the states.

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