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‘Stand ready’ for more interest rate rises, IMF says

A GLOBAL financial body has given the Reserve Bank the green light to further hike interest rates as inflation bedevils Australia’s economy. Returning inflation to target in the near term should be top priority, the International Monetary Fund said in its latest check-up of the nation’s economy on Thursday. The “soft landing” that the IMF identified in its last mission statement to Australia in February had hit with a thud, thanks in part to weak productivity growth and the Middle East conflict. Rising oil prices, hotter-than-anticipated July inflation figures

People’s life savings ‘must be protected at all costs’

Labor to crack down on foreign students, family visas

Mortgage applications for first homebuyers drop sharply

Another new homes sales fall signals tough year ahead – HIA

‘Doing what we want’: Labor stands by housing tax moves

Governments must be careful with student numbers

Sellers hold back as economic conditions bite

A LEADING real estate agency believes sellers are “shaping the market” during the post-Budget housing market in Sydney and Melbourne. Since May, fewer properties have been c

Downfall for rich state atop economic rankings

QUEENSLAND has usurped Western Australia at the top of Australia’s state economic rankings, as cracks emerge in the resource-rich state’s performance. WA slid two places to t

Sydney leads the way in housing vacancy rates

SYDNEY has recorded the largest annual increase in available housing stock, according to a new report from SQM Research. Australia’s national residential vacancy rate held at 1.3 per cen

Tech bill welcomed: call for global AI rules

A GROUP of tech experts have welcomed the Australian government’s proposed digital duty of care legislation but warn the window to regulate artificial intelligence around the globe is