The Reserve Bank of Australia’s Board of Directors decided for the 26th consecutive time to keep the cash benchmark interest rate unchanged at the historical low of 1.5%. The last change in interest rates was in August 2016, when the central bank cut interest rates by 25 points. Since then, although the unemployment rate has…
About 100,000 Australians live and work overseas, and one of the measures to increase housing affordability announced in the 2017 budget: If overseas Australians sell Australian properties, they will no longer have a capital gains tax (CGT) exemption for their primary residence. The plan is expected to increase the forward budget of approximately 581 million,…
Former prime minister Tony Abbott has not ruled out a crack at getting back onto the frontbench and a push for party leader if he retains his seat of Warringah at the federal election next year. “I don’t rule any of those things out,” Mr Abbott told The Australian newspaper. “I’m 61, which is not…
If Home Affairs Minister Peter Dutton is referred to the High Court, Prime Minister Scott Morrison warns other MPs will follow him. Questions still remain over whether Mr Dutton is eligible to sit in parliament given his financial interests in childcare centres, which get federal funding to pass through to parents. Former Liberal MP…
Victorian MPs will hold a crisis meeting with the Prime Minister and Treasurer in Canberra on Monday as senior Liberals warn the government faces a ‘hammering’ in the state at the next election. The state Liberals’ disastrous loss in the Victorian election on Saturday has put the government on shaky ground, with The Australian reporting…
Kangaroos are colliding with V/Line trains on a daily basis, causing services to be cancelled and forcing trains off the network for up to three days. Between March and October, V/Line trains hit kangaroos and some livestock about 60 times each month, resulting in long delays for commuters. The hotspots are along the Bendigo line…
On the eve of the Victorian election, according to opinion polls, Daniel Andrews will be appointed as prime minister, but the Labor Party leader said he will not take it for granted, and the result will be attributed to “a few votes in a few seats.” Polls show that the parties are in a leading…
According to the latest population data and growth trends, the population of Australia will increase by another five million in the next 11 years. On Thursday, the Australian Bureau of Statistics predicts that between 2029 and 2033, the Australian population will increase to 30 million to 2066, and the Australian population will increase to 490…
The main idea of the new law is to make it easier for those who commit terrorist crimes to be deprived of Australian citizenship. Under the current law, the government only deprives those who have been sentenced to more than six years of nationality. The new law will introduce a bill that allows the government…
After peaking in the 2011-12 fiscal year, the size of ordinary new homes inAustralia has stabilized over the past five years. The average size of new homes in Australia ranks second in the world, second only to the United States. In this case, CommSec chief economist Craig James analyzed that this phenomenon shows changes in…