Treasurer Jim Chalmers will hand down his second full-year budget on Tuesday, vowing to shore up the economy’s near-term growth and deliver cost of living relief without adding to inflation. “This is not the time for scorched earth austerity … this is not the time to slash and burn inContinue Reading
The Victorian government is “creating the conditions needed” for 800,000 new homes while scrapping a shared equity scheme for first home buyers. The scheme received a $700m injection in Tuesday’s budget, following a $500m boost in September. But Tuesday’s budget reveals the shared equity scheme – where a first homebuyerContinue Reading
A viral video of tradies revealing their enormous pay packets, some totalling hundreds of thousands of dollars a year, has sparked debate about whether the eye-watering salaries are justified. This week, news.com.au shared a story about a clip produced by jobseeker app getahead featuring interviews with several Queenslanders working asContinue Reading
Interest rates risk going even higher unless the Albanese government works with the states to get the nation’s multi-billion dollar spend on roads, rail and bridges in order, the International Monetary Fund has warned. In its annual Australian “Economic Health Check”, the fund said while Australia was likely to avoidContinue Reading
For those wondering where it all went wrong for Queensland Premier Annastacia Palaszczuk, a major clue can be found in the words she chose yesterday when announcing her resignation. In a moment that should’ve been about laying the groundwork for her legacy and attempting to convey stability within the party,Continue Reading
Jacinta Allan has warned the cost of Melbourne’s Airport Rail Link could blow out even further after the project was delayed by an infrastructure funding review. Federal government funding of $5bn of for the long-awaited rail link was reconsidered as part of a 90-day evaluation of high-risk infrastructure projects nationwideContinue Reading
An overhaul of the Commonwealth’s $120bn infrastructure pipeline will gut funding for 50 projects, but overall support will not be reduced, Infrastructure Minister Catherine King has said. NSW will be the worst hit by the infrastructure overhaul, losing 17 projects including highways, bypasses, and controversial commuter car parks. In Victoria,Continue Reading
Long-serving backbencher Russell Broadbent has quit the Liberal Party and will now sit on the crossbench. News of the move emerged late Tuesday morning and follows Mr Broadbent’s crushing preselection loss to Mary Aldred for the federal seat of Monash over the weekend that party room sources said was theContinue Reading
Treasurer Jim Chalmers has warned the government will have to cut back on some infrastructure projects to help trim inflation. Economists from the International Monetary Fund (IMF) urged the federal government to scale back on its record $30bn a year of public infrastructure spending, warning the economy was running farContinue Reading
The Reserve Bank has been urged to lift interest rates and governments warned to pull back on infrastructure projects to reduce inflation. In its annual economic health check, the International Monetary Fund concluded Australia’s economy was “resilient” but “sticky” inflation was a cause for concern. “Although inflation is gradually declining,Continue Reading