Tagged With budget 2017

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It’s unsurprising that in the lead-up to this year’s federal budget there was a lot of discussion about housing affordability as its centrepiece. Over the past 20 years price-to-income and price-to-rent ratios have doubled. Sydney’s price-to-income ratio is over 12, making it the second-least-affordable city in the world. Melbourne is in fourth place.

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Successive Australian governments are usually judged on how they balance the budget and spend taxpayers’ dollars. The stereotypes are that Liberal governments keep a tight hold on the purse strings, while Labor governments are spendthrifts.

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Tonight's the night: at 7:30PM (AEST), the Treasurer will hand down the 2017-18 Federal Budget in Australia's parliament. Here's how you can keep track of all the big ticket announcements as they're released -- including the ones that actually matter to you.

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The Coalition government is seeking savings of A$2.8 billion from higher education over the budget period, in another attempt at a major shake-up of Australia’s university sector. The cost burden on students will be increased and the income threshold for repaying their debt lowered. .