Economy

The minister has been named as the new Liberal leader, marking a historic shift for the party.

Australian housing sentiment has risen sharply in March, with property values growing and confidence buoyed by February’s interest rate cut.

Pallas Capital has reported solid loan activity in Q1 2025, eyeing residential market recovery as interest rate cuts loom.

For the first time in four years, annual trimmed mean inflation has fallen within the central bank’s coveted target.

Smaller businesses are gaining traction as hiring, revenue, and sentiment lift; property and transport sectors show renewed optimism across several states.

Western Australia has topped the economic performance leaderboard across five economic indicators.

Ahead of the upcoming 2025 federal election on 3 May, both major parties have announced several policy pledges that could significantly shake up the housing sector.

Despite the 1Q25 CPI figures not yet being released, Westpac’s chief economist has assured that the RBA will lower the cash rate in May.

The all-important trimmed mean inflation figure is expected to finally enter the RBA’s coveted 2–3 per cent target range.

Research has suggested that cutting taxes for Australian small businesses could help strengthen the economy.