Fresh house prices data set to shake up negative gearing debate
The political debate about the economy will only intensify with new house prices data and budget surplus figures set to dominate the week ahead in macro.
New data on home prices, consumer spending and the federal budget are set to capture the spotlight this week on the heels of a debate over potential changes to negative gearing and the Reserve Bank's unsurprising decision to leave rates on hold.
Here’s what you need to know about the key economic data releases this week.
Final budget result
The release: Final Budget Outcome 2023-2024
When: Monday 30 September 2024
What to expect: Treasurer Jim Chalmers already gave media a sneak preview at some of the top line data a week ago, with gross debt lower than expected, helping save interest over time.
Over the weekend, Chalmers released additional details showing that the final budget outcome will show a surplus of $15.8 billion in 2023-24, or about 0.6% of GDP, following the $22.1 billion surplus in 2022-23. At the May budget the surplus for last year was estimated to be $9.3 billion.
