The Latest Breaking News from Steven Hamilton

Easier said than done when interest rates rose again in May.

Millions of people are in line for energy bill relief in the budget as the government promises hundreds of dollars in savings

A government-ordered review of the Reserve Bank — the first in more than a generation — is expected to ask searching questions of our key financial institution. The leadership of the central bank, the composition of its board, missed targets and broken promises are all elements under examination.

Homelessness is expected to be up when the federal government releases results from an annual count in coming months, the first full tally since the coronavirus pandemic began

Homelessness is expected to be up when the federal government releases results from an annual count in coming months, the first full tally since the coronavirus pandemic began

Fees paid by foreign property investors will double under a new federal government plan to help ease Australia’s housing affordability crisis.

Almost 40 per cent of Australians with mortgages who have locked in ultra-low fixed interest rates will roll off them as soon as next year, raising fears that more people will default on their loans, creating financial system instability.

Home owners could see their monthly mortgage bills rise by hundreds of dollars in coming weeks after a second RBA rate hike in as many months.

This is the text of an open letter from 12 leading economists, sent on Sunday:

Benefits available to older, wealthier people are outweighing the support given to younger people, with election policies from both major parties set to worsen the situation, according to experts.

Wages have become the latest battleground in the election, with debate raging about how much extra workers can get paid without sending businesses broke and consumer prices soaring.