There are concerns Jim Chalmers’ budget could spark an interest rate rise, with billions of dollars in stimulus set to be shot into the economy through tax cuts and and other measures. Professor of Economics Steven Hamilton says his eyes “popped out of his head” when he saw the budgetContinue 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
There are growing concerns Anthony Albanese is preparing to break another promise which the property industry says will only hurt renters. In the wake of the prime minister’s backtracking on support for the stage three tax cuts, which he pledged to keep during the last election but last month overhauled,Continue Reading
Treasurer Jim Chalmers is facing criticism for remarks made in an interview about the cost-of-living crisis and painful pressures facing millions of Australians. Speaking with veteran political commentator Michelle Grattan for her podcast on The Conversation, Dr Chalmers implied those struggling will have to wait until next year for relief.Continue Reading
A surprise new tax has sparked shock and anger in Victoria, with even the state’s new premier reportedly caught unaware. Treasurer Tim Pallas announced the Vacant Residential Land Tax at a property industry function yesterday, which will slug the owners of homes left unoccupied for more than six months withContinue Reading
A senior Liberal has said the government should give “poor old” Philip Lowe another chance amid fevered speculation his replacement could be named within weeks. Treasurer Jim Chalmers is expected to make a call on the fate of the embattled Reserve Bank governor, whose term expires in September, this month.Continue Reading