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The Latest Breaking News from Shane Oliver

Australia’s life dissatisfaction levels double as ‘wellbeing poverty’ reaches new highs

ABS data shows one in 10 people are not satisfied with life – but community cohesion and trust lift happiness scores

The Guardian - AU

Local shares dip, miners slump as Hormuz tensions flare

Australian miners have continued to weigh on the local exchange after a fresh attack in the Persian Gulf sent jitters through equities markets.

AAP

Rocky year in shares as miners dig market out of a hole

The Australian Securities Exchange underperformed its international peers by a long shot in the past year, but some sectors still delivered strong gains.

AAP

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Interest rate hikes remain on cards as Australia’s underlying inflation climbs, economists warn

Despite plunging fuel prices, trimmed mean inflation increased from an annual pace of 3.4% to 3.6%

The Guardian - AU

Inflation lying in wait to strike another rate blow

Despite a fall in headline inflation, a larger-than-expected rise in the underlying figure leaves the door open to more Reserve Bank rate hikes.

AAP

Australian housing was already cooling before the budget – but how cold it gets depends on two key factors

Most economists believe the chronic undersupply of homes will eventually push prices higher once interest rates ease and the tax changes are priced in

The Guardian - AU

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