Other state governments, in particular NSW, will be watching Victoria closely to see whether this initiative will have the reverse effect by increasing demand for housing when supply simply can't keep pace.
Within 48 hours of inauguration, President Trump has introduced a swathe of executive orders to rip up the rule book. So what does it mean for Australia?
Big tax cuts and increased defence and infrastructure spending will provide an initial fiscal stimulus, but the the risk is that Donald Trump's protectionist policies will set off a trade war.
NAB's recent positive earnings surprise should reassure ASX investors that the major banks are not about to significantly cut their dividends any time soon.
With Canberra in chaos, the start of the new financial year was almost a 'blink and you'll miss it' event. Here's what you need to know, changes to Family Tax Benefit B to a stamp duty surcharge on foreign property buyers.
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