Matthew Cranston

Former US president Joe Biden’s special co-ordinator for energy security has warned that renewable energy will have no impact in solving the oil crisis.

The Albanese government has ­already spent the entirety of its announced NDIS savings in its latest budget, with $36.8bn booked on an array of measures since December, including an $18bn hospital deal.

Treasury secretary Jenny Wilkinson has invalidated the Prime Minister’s assertion that his government was returning to the true pre-1999 capital gains tax discount method Paul Keating established.

Queensland police officer Scott McPhee hasn’t been able to save enough money for a deposit to buy a family home. He’s exactly the kind of person Anthony ­Albanese says he wants to help. A hard worker on an average ­income who wants to provide for his family.

A sharp slowdown in loan applications has heightened fears that the property market is cooling faster than expected, with the ­Reserve Bank warning of the impact of Labor’s controversial budget tax changes and the risk an extended downturn could slow the overall economy.

Anthony Albanese and Jim Chalmers face internal caucus protest over their broken tax promises, with one new Labor MP telling a constituent that she finds it difficult to understand why her own government’s capital gains changes were extended to assets other than housing.

The Reserve Bank has downgraded house price growth, forecasting higher unemployment and slashing Australia’s productivity levels, which it says will lead to continued inflation, likely preventing an interest rate cut for at least two years.

Jim Chalmers’ negative gearing reforms could drive up rents further than 1980s spikes in major capital cities which forced Paul Keating to backflip on his almost identical reforms, veteran Queensland property developer Don O’Rourke has warned.

Growth in private capital spending desperately needed to lift Australia’s dire productivity levels has fallen away by more than expected, leaving economic growth tracking at zero per cent in the June quarter, according to global investment giant Goldman Sachs.

Young people saving for a home deposit by investing directly in shares will take up to eight years longer to achieve that target under the Albanese government’s new capital gains tax rules, according to academics and a former parliamentary budget official who have challenged Treasury’s assumptions.