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Economy

Victoria hands down budget 2021-22

The Victorian government has released the 2021-22 state budget, which includes property tax hikes and mental health initiatives.

Victoria hands down budget 2021-22
Financial wellbeing at record high: CBA

Australians’ financial wellbeing has hit an all-time high despite the pandemic, while the number of home owners with a mortgage is at the highest level in 25 years, according to CBA.

Financial wellbeing at record high: CBA
RBA makes May cash rate decision

The Reserve Bank has announced its cash rate decision for May, a week before the release of the federal budget.

RBA makes May cash rate decision
‘Homes should be at the heart of the budget’: REIA

Measures to make home ownership more accessible, including tax-deductible interest for FHBs, a permanent FHLDS and access to super, are among the budget requests from the REIA.

‘Homes should be at the heart of the budget’: REIA
House boom may draw to a close: economist

As houses prices, housing finance and buyer demand continue on an upward trajectory, an economist has outlined why the property boom may fade in the years ahead.

House boom may draw to a close: economist
RBA makes April cash rate decision

The RBA has announced its official cash rate decision for the month of April.

RBA makes April cash rate decision
Household wealth posts record quarterly growth

Household wealth has recorded the highest quarterly growth rate since the December 2009 quarter, spurred by rising property prices, according to new data.

Household wealth posts record quarterly growth
Job losses on the horizon as JobKeeper ends

Treasury has supported ending the JobKeeper program while estimating that up to 150,000 recipients may lose employment at the end of the program.

Job losses on the horizon as JobKeeper ends
RBA rate forecasts defy global view

The RBA has laid to rest any chance of a rate rise before 2024 despite expectations that other central banks could raise rates next year and in 2023.

RBA rate forecasts defy global view
Support offered to borrowers impacted by Cyclone Niran

The Queensland government and lenders have begun offering financial assistance to those affected by Cyclone Niran in Queensland.

Support offered to borrowers impacted by Cyclone Niran
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