Economy

With house price growth varying between states, the major bank has unpacked its house price forecast for the rest of the year.

The building association has called for action from the government with the construction industry currently the weakest link in the economy.

The central bank is prepared to increase interest rates should inflation remain persistent, the RBA governor has said.

To encourage first home buyers to build new homes, the South Australian government has removed the stamp duty exemption threshold.

Australia’s economic growth continues to slow, with the lowest through the year growth in almost four years, the ABS has revealed.

‘Subpar’ growth has been called by bank economists ahead of the release of the next GDP print.

The housing shortfall has become the main driver for increased house prices and is unlikely to improve quickly, according to AMP’s Shane Oliver.

The Fair Work Commission’s decision to raise the award wage is expected to be within the central bank’s forecasts.

A record number of city-siders have moved to regional Australia, the major bank has revealed.

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