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UPDATED
Big bank's profit drops, warns of uncertainty ahead
Tough times lie ahead for households and businesses, National Australia Bank's chief has warned after the bank revealed a dip in net full-year profit.
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Economy
NAB boss Andrew Irvine says slow growth and falling house prices posed a challenging environment.
National Australia Bank, which has a major focus on business banking, has delivered a fall in annual profit and pointed to a slowing economy and credit risks.
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Economy
Fears new trust tax changes will smash small businesses
Advocates have urged for existing small businesses earning less than $10 million a year to be carved out from increases to taxes on trusts.
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Economy
Scant capacity as data centres add to crowded pipeline
Record investment in AI data centres is outpacing the mining boom of the 2000s and threatening to slow down, delay or scale back projects across Australia.
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Economy
Albanese throws spending spotlight back on opposition
Prime minister has defended Labor's efforts to tighten the belt, including restraining growth in NDIS and aged care spending, as he attends Commonwealth meeting in Caribbean.
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Property
Rate rise won't solve Australia's housing inflation problem
Senior economist says 'governments need to recognise that their own projects can make housing more expensive and difficult to deliver'.
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General
New name, new purpose for super yacht
InfoTrack founder and SuperMaxi skipper Christian Beck says 'if we can make a difference to sick kids and their families along the way, that’s a win in itself'.
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Property
Government must 'tackle the constraints keeping housing costs high'
Leading real estate body says 'interest rates can help bring inflation down but they cannot build homes'
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Property
Interest rate hikes 'key driver of fastest housing downturn in 40 years'
Analytics group Cotality says 'we note that there are some further upside risks to inflation in the near term related to the housing market'.
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Property
Houses across the nation are taking much longer to sell
Data firm says fresh listings are also down, which 'is stock accumulating because it is not selling, which points to soft buyer demand in those markets'.
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Property
Interest rate rise 'further bruises housing market confidence'
Peak body says 'fresh Federal tax hikes on investment via trusts, negative gearing and capital gains aren’t helping build the new homes we need'.
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Property
One more step in Victoria but many more are needed
Headway is being made but 'Victoria is still building well below the number of homes needed each year and housing affordability remains a major challenge for families across the state'.
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Economy
Investor home loans collapse as rate hikes smash market
RBA boss says 'when housing prices are going up, investors tend to buy in and exaggerate it, and likewise on the downswing. It's just much bigger this time'.
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Economy
'Race to the bottom' on migration hurts rural Australia
Social cohesion is an issue and 'it can be turned around but it takes focus and a government to really step out and genuinely invest in regional Australia'.
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Economy
Cash rate hits 18-year high in fresh blow for borrowers
The benchmark borrowing rate has been lifted to an 18-year high in a widely anticipated decision by the Reserve Bank of Australia on Melbourne Cup Day.
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