AustraliaEconomy

A surge in data centre infrastructure has propelled Australian private new capital expenditure up by 6.5% in the March quarter.

Australian household spending fell by 1.1% in April, driven primarily by a sharp decline in transport costs.

Australia's annual inflation rate eased to 4.2% in the 12 months to April, down from 4.6% in March.

Surging fuel costs and severe supply shortages are battering the Australian economy, with 72% of firms reporting negative impacts.

Australia's labour market showed signs of cooling as the seasonally adjusted unemployment rate rose to 4.5% in April.

Prime Minister Anthony Albanese has conceded his government's controversial decision to scrap the capital gains tax discount is “difficult."

Treasurer Jim Chalmers detailed a $77 billion budget boost driven by NDIS savings and housing tax reforms to improve affordability.

Australia disclosed a $14.8 billion fuel security and price relief package in tonight’s budget.

The Australian government unveiled a $780 million annual deregulation package to slash financial sector red tape.

The Albanese government unveiled a landmark 2026 Budget productivity package, featuring $10.2 billion in regulatory savings.