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The Latest Breaking News from Saul Eslake

Grattan on Friday: economic life won’t get much better until Australians climb that productivity mountain

Treasurer Jim Chalmers would have sighed with relief at this week’s economic growth figures. Despite some preview talk of possible stagnation, we saw modest growth of 2.1% in the year to the end of June.

The Conversation

'Quite wrong': minister hits out at GST deal criticism

A federal minister from Western Australia has defended her state's generous GST deal despite productivity watchdog calls to scrap the arrangement.

AAP

Will Labor or the Coalition have the guts to reverse ‘the worst public policy decision’ of the century? Don’t be daft

The Productivity Commission has picked apart Scott Morrison’s 2018 GST deal that gives Western Australia an outsized share of revenue. But there is no prospect of government action

The Guardian - AU

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Lending to property investors falls sharply in ‘tiny’ step towards fairer housing market in Australia, expert says

ABS data shows an almost 9% slump in new lending to investors after three interest rate hikes this year

The Guardian - AU

Homes in Australia are now cheaper – why can’t the government sell this good news story?

Ministers love to claim credit for things like cheaper petrol and cheaper pharmaceuticals – why not cheaper housing?

The Guardian - AU

Grattan on Friday: One Nation’s spectre hangs over Labor national conference

Bill Kelty has been a member of the Labor Party since 1964 but he is not among the hundreds of delegates at the party’s national conference in Adelaide. If he were, the conference’s Thursday debate on the economy might have seen a touch of fire.

The Conversation

Higher-earning Australians flocking to 5% first home deposit scheme, with some borrowers earning over $200,000

Exclusive: Economists warn Labor’s removal of caps could be pushing up prices as support flows to people in better financial positions

The Guardian - AU

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Australia’s median wealth falls almost 7% since 2020 despite the rich getting richer, report says

Swiss bank UBS finds ‘growing divide between the wealthiest and the broader population’ as country adds more than 25,000 more millionaires

The Guardian - AU

AAP Rolling News Bulletin June 16, 1530

AAP Rolling News Bulletin for June 16 at 1530

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AAP Rolling News Bulletin for June 16 at 1500

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AAP Rolling News Bulletin for June 16 at 1430

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AAP Rolling News Bulletin for June 16 at 1400

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AAP Rolling News Bulletin for June 16 at 1330

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AAP Rolling News Bulletin for June 16 at 1300

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AAP Rolling News Bulletin June 16, 1230

AAP Rolling News Bulletin for June 16 at 1230

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FED:Better but 'not perfect' tax reform wins expert support

Senators are being told to drown out the cries of vested interests and pass tax changes some economists say will make the economy fairer for working people.

The Canberra Times

Housing can be the way to wealth. But we need to rethink it

For many, it is one of the few practical ways to build financial security.

The Canberra Times

'Won't see deep cuts': more redundancies might be needed to tame ACT budgets

But Treasurer says there will be 'no deep cuts to services'.

The Canberra Times

Infrastructure cuts offer easy savings. The ACT budget must avoid false economies

The budget must balance necessary projects and prudent savings.

The Canberra Times

The infrastructure projects Barr has sidelined to save money

No point borrowing for projects we can't build yet, Chief Minister says.

The Canberra Times

ACT to spend an additional $231.2 million over four years for health services

See pictures of new end of life unit.

The Canberra Times

If the ACT government can afford to kill hundreds of kangaroos, why is it sacking staff?

Maybe many Canberrans could see a better use of money.

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