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The Latest Breaking News from Jim Chalmers

Reform is hard. Albanese and Chalmers need to stay the course

Do Australians really want reform? It’s a reasonable question to ask as the Albanese government weathers trenchant attacks on its recent federal budget.

The Conversation

Australia’s housing market is cooling – but a Sydney flat with a broken shower still costs nearly $1m

Linly and Lena needed steady incomes, Linly’s parents’ help, the federal 5% deposit scheme and NSW’s stamp duty discount to buy a two-bedroom flat in Ashfield

The Guardian - AU

FED:Tax changes push biotech and health sectors offside

Changes to research and development tax could force Australian biotech, med tech and health tech companies offshore, according to sector advocates.

AAP

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Tax changes push biotech and health sectors offside

Changes to research and development tax could force Australian biotech, med tech and health tech companies offshore, according to sector advocates.

AAP

Officials bank on economic slump helping tame inflation

Australia is not experiencing stagflation but higher interest rates will help cool the economy and inflation, the nation's top bank official says.

AAP

Jim Chalmers is putting a positive spin on the economy, but is Australia’s outlook grim?

The economy was slowing even before the Middle East conflict and interest rate hikes started to bite, while the boom in datacentres was a rare bright spot

The Guardian - AU

One Nation surges to first on primary votes in two new polls

Four federal polls have been released since Sunday. One Nation has taken the primary vote lead from Labor in both the Redbridge and YouGov polls and is tied with Labor in the Morgan poll. Labor held a primary vote lead in Fox & Hedgehog.

The Conversation

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Businesses still in dark on tax carve outs from budget

Business owners are still yet to find out what exemptions could apply to them in changes to capital gains tax.

AAP

Interest rate impact hits housing approval levels

The number of new homes being approved fell once again during April, and the Reserve Bank is being blamed for the downturn.

AAP

Minimum wage tops $1000 a week, stoking inflation fears

Millions of workers on industry awards will get an annual pay rise and minimum wage earners even more, but economists warn the raises could fuel inflation.

AAP

Jim Chalmers says falling auction clearance rates a ‘good thing’ for first home buyers

Auction success hit a new low for the year on the last Saturday in May, with just 54.5% of homes sold

The Guardian - AU

Afternoon Update: Chalmers says auction decline a ‘good thing’ for new buyers; Abbott downplays One Nation surge; and an amateur pianist’s big moment

Chalmers was asked about the decline in auction clearance rates that follows tax changes announced in his budget last month

The Guardian - AU

AAP Rolling News Bulletin June 1, 1530

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