Middle-income Australians are the budget's big winners and major banks are among the biggest losers, says Scott Haslem, Australia chief economist at UBS.
Australia’s long-suffering wanna-be homebuyers were likely to be disappointed by the budget's housing affordability measures, analysts said.
Yacov Geva, CEO of G Medical Innovations, explains why the mobile healthcare company chose to IPO in Australia over other markets.
Part of the bank levy is likely to be passed onto bank consumers and shareholders, says Omkar Joshi, Regal Funds Management.
Savanth Sebastian, CommSec, says investors will be wondering if the new bank levy is a one-off levy and whether it could be raised down the road.
From a new tax on Australian banks to a hike in the Medicare levy, Australia's budget is all about a reset. Matthew Taylor reports.
Australia announced a six basis-point levy on the deposits of the country's five biggest banks in its annual budget with Treasurer Scott Morrison saying the move is to shore up federal revenues.
Australia's finance minister, Mathias Cormann, says the A$1.5 billion levy a year on banks to contribute to the budget repair is fair and proportionate.
Measures introduced in the budget to address housing supply will unlikely have much of an impact, says John Flavell, CEO of Mortgage Choice.
Australia's former deputy prime minister Wayne Swan says the federal budget should have sought to reform negative gearing and the capital gains tax.
Economic growth could have been more substantial if the government focused on infrastructure investment earlier, says former deputy PM Wayne Swan.
Treasurer Scott Morrison explains the goals of the 2017/2018 Australian budget to CNBC's Matthew Taylor.
Australia's prized triple A credit ratings appears safe.
Annette Beacher, TD Securities, and Grant Wardell-Johnson, KPMG Australia, discuss what tax plans the budget might have in store and the country's credit rating.
Annette Beacher, TD Securities, and Grant Wardell-Johnson, KPMG Australia, weigh in on what the Australian budget should address in the economy.
Pete Calleja, PwC Australia, says the federal budget for the new fiscal year is likely to focus on infrastructure and housing affordability.
Reports of the demise of the TPP trade agreement may be premature, as the deal’s members consider proceeding without the U.S.
Commonwealth Bank's Gareth Aird says if government revenue forecast don't look optimistic, its ability to deliver a budget surplus may be questioned.
At the federal level it can help first-time home buyers bridge the deposit gap on properties, says Graham Wolfe of the Housing Industry Association.
Housing supply has not been able to meet rising demand, net population growth and household formation, says Brian Hartzer, CEO of Westpac.