Highly inflated house prices are more concerning to people wishing to move from renting to purchasing a house (mostly potential first home buyers). Dan Peled/AAP

Housing costs are actually the same as in 1993, but renters still struggle

Even though house prices have risen substantially over recent decades, housing affordability for those with mortgages or own their houses outright hasn’t worsened
Simon Birmingham said the Turnbull government has ‘already had great success in terms of reducing the rate of price growth’. AAP/Alex Murray

FactCheck: what are the facts on rising child care prices?

The education minister says that under Labor there were child care price spikes of up to 14% over a 12 month period, but under the Coalition those have fallen to “around 6% on average”. Is that right?
MYEFO is more positive about the 2016-17 budget bottom line than previous expectations. However, projections over the forward estimates have worsened. Lukas Coch/AAP

2016‑17 MYEFO experts’ response: more of the same is not good enough

While MYEFO discussion focuses on the budget deficit, experts say it also serves as a stark reminder of the need for bigger policy ideas in Canberra.
Opposition Leader Bill Shorten with daughter Clementine. AAP/Mick Tsikas

PolicyCheck: Labor’s $3 billion child care plan

Labor has unveiled a $3 billion child care policy it will take to the polls on July 2. What has the party proposed and how is it different?
Economic models are not likely to give Prime Minister Malcolm Turnbull any magic answers on tax reform. Lukas Coch/AAP

Models only give part answer to real tax reform

The gains from modest tax reform are not likely to be a revolution in Australia.
Federal Treasurer Joe Hockey said half of all income tax in Australia comes from just 10% of workers. AAP Image/Carol Cho

FactCheck: is 50% of income tax paid by 10% of workers?

Federal Treasurer Joe Hockey told the ABC this week that 50% of all income tax in Australia is paid by 10% of the working population. Is that statement supported by the data?
The Abbott government is preparing to give Australians a tax cut, but Treasurer Joe Hockey seems confused as to just how much tax we pay. Dean Lewins/AAP

The truth about bracket creep and Hockey’s tax tales

Australian Treasurer Joe Hockey claims taxpayers are already paying 50 cents in the dollar of their income to the government and that bracket creep will push the average income earner into the second top…
Treasurer Joe Hockey and Finance Minister Mathias Cormann say the government’s mid year outlook sets the path to budget recovery. AAP/Lukas Coch

Federal budget deficit climbs to $40.4bn: experts react

The federal budget deficit will blow out to A$40.4 billion in 2014-15, up from the $29.8 billion forecast in May’s budget, according to the Mid-Year Economic and Fiscal Outlook (MYEFO) released today…
The fee model University of Western Australia will adopt under fee deregulation would see course repayments quadruple in some instances. Shutterstock

NATSEM: UWA model would lift uni debt for women, disadvantaged

The University of Western Australia recently announced its proposed post-deregulation price structure. UWA’s new fee is a flat fee of A$16,000 per year for undergraduate courses, which is significantly…
Post-budget, everyone’s speculating about likely higher education fee and debt scenarios. AAP

HECS upon you: NATSEM models the real impact of higher uni fees

Various organisations have modelled the likely fees and debts students are likely to face in a deregulated environment since the release of the budget last month. The National Tertiary Education Union…
Some pain, but the nation will benefit: Hockey’s first budget. AAP/Lukas Coch

Federal budget 2014: economists react

The Abbott government has laid out its path to reach a budget surplus near the end of the decade in the face of continued below-trend growth. Stopping short of making deep cuts in the coming years, Treasurer…
The Commission of Audit report has recommended sweeping spending cuts for the government to consider for its May 13 budget. AAP/Alan Porritt

Commission of Audit report released: experts respond

The National Commission of Audit has made 86 recommendations with a focus on the federal government’s 15 biggest and fastest-growing areas of spending. The result is proposals for sweeping spending cuts…

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