Jim Chalmers
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Jim Chalmers says fewer homes selling at auction may be a ‘good thing’ for first-time buyers
Auction success hit a new low for the year on the last Saturday in May, with just 54.5% of homes soldFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe treasurer, Jim Chalmers, has suggested falling auction clearance rates may be a “good thing” for first home buyers if it means they aren’t competing against as many property investors. After data was released showing home prices in Australia’s capital cities had begun to fall...
Jim Chalmers is putting a positive spin on the economy, but is the outlook for Australia grim?
The economy was slowing even before the Middle East conflict and interest rate hikes started to bite, while the boom in datacentres was a rare bright spotGet our breaking news email, free app or daily news podcastThe economy slowed sharply in early 2026 and Australians’ living standards are once again going backwards. At the risk of upsetting the treasurer by “talking down the economy”, as he put it, there wasn’t all that much to love in the latest national accounts.
Greens ask if treasurer can exempt homeowners in his electorate from CGT changes
Greens question whether Jim Chalmers could exempt homeowners in his electorate from CGT changes Thu 4 Jun 2026 at 3:04pm In short: The Greens have indicated the party is willing to help Labor pass its tax laws But they hold concerns about the specifics contained within the bill which could allow treasurers to "fundamentally alter" the laws Meanwhile the opposition says it will work with anyone who could block the laws proposed by Labor The Greens have seized upon powers within the...
Live: Fair Work Commission to hand down annual wage review
live Federal politics live: Fair Work Commission to hand down annual wage review Almost 3 million workers will learn how much their wages will increase when the Fair Work Commission hands down its annual review today. Follow all the updates in our live blog. Submit a comment or question Live updates New: Filters Choose what information you see below by using filters Tue 2 Jun 2026 at 7:29am Farley won't comment on Hanson's attendance record Back to One Nation's David Farley for a moment, as...
Fresh concerns emerge over impact of Labor's tax changes on medical tech
Medical technology sector raises fresh concerns with Labor’s capital gains tax overhaul Sat 6 Jun 2026 at 4:44am In short: Australia's medical technology sector says Labor's budget changes will make it harder for local startups to commercialise new products. Industry groups say planned changes to research and development tax incentives will specifically hurt the health sector where companies often take more than a decade to become profitable. What's next: Labor is pressing ahead with its...
Hanson takes the stage as Chalmers's budget woes roll on
analysis Hanson prepares to take the big stage as Chalmers's budget backlash rolls on Fri 5 Jun 2026 at 4:58am When One Nation leader Pauline Hanson addresses the National Press Club on June 17, there will be landmines everywhere. It's her first formal speech to the club in her 30-year (on and off) parliamentary career. How times have changed.
Debate over house prices 'invokes terror' in politicians
Falling house prices would ease inflation but politicians find the question much more complicated Fri 5 Jun 2026 at 6:33am In short: Politicians have hesitated to weigh in on whether it would be good or bad if prices fell. One economist says house prices falling will ease inflation but would upset many voters. The government has passed its budget tax reforms through the House of Representatives, but will need the support of the Greens to pass them in the Senate.
Birth rates are declining in most of the world—here's why it really matters
Birth rates are declining in most of the world—here's why it really matters Sadie Harley Scientific Editor Andrew Zinin Lead Editor Birth rates have been declining worldwide since the peak of the post-Second World War baby boom. Birth rates have now reached below replacement in most of the world, including Australia. Put simply, populations on average aren't replacing themselves.
Could a 'mansion tax' help the housing crisis?
A 'mansion tax' would likely see affluent Bulimba homeowners pay up, but some of them support it Sat 6 Jun 2026 at 7:00am The concept of a mansion tax — premium property owners paying additional tax — has been rolled out overseas to varying degrees of success. Now, amid some of the most drastic proposed changes to Australia's tax system in decades and years of skyrocketing home values, one leading expert says it is an idea "worth considering".
Why some homeowners like Meg are at risk of slipping into negative equity
Falling house prices bring relief for some while a financial nightmare for others Thu 4 Jun 2026 at 4:50am In short: Some who have recently bought into Australia's property market may have slipped into negative equity and owe the banks more than their homes are worth. A decline in property prices has pulled the government's recently expanded 5 per cent deposit scheme into focus. What's next: The treasurer says he is not worried about those at risk of falling into negative equity, while the...