Aussie interest rates have been on hold for the past 22 months while the economy struggles with a cooling property market, high household debt and low wages. So when can we expect the ball to start rolling again? And when it does, what will it mean for you and your mortgage?
The government is trying to get its seven-year plan for lower income taxes through the Senate, but would that money be better spent somewhere else?
Optimism about the Australia economy is rapidly being eroded by the hard reality of a weakening in the labour market, falls in house prices, a tightening in credit and chronically low wages growth. The labour force data for May were not good news, even with the blip lower in the unemployment rate.
Here's why next week’s budget will deliver a cargo cult give-way of goodies, yet not change the path of returning the budget to surplus.