Are younger Australians paying more tax?
6/22/202625 min
Fresh data from Cotality shows that property sales continue to slow with a drop in auction clearance rates while the rental market remains hot.
Meanwhile a new report into Australia’s tax system says young people are carrying more than their fair share of the load.
And did Friday’s senate inquiry into KPMG mark a major milestone in holding the professional services firm to account?
Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.
Check out Gareth Hutchens' piece about the tax system report here.
Listen to today's episode of Fuelcast here.
Got a burning business question?
Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au
Clips
Transcript preview
First 90 secondsCarrington Clarke· Host0:00
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Patricia Karvelas0:05
[upbeat music] Hi, I'm Patricia Karvelas, the host of Politics Now. And sometimes it can be hard to cut through all the noise from the Canberra bubble, but on the Politics Now podcast, bursting it wide open is our core business. I'm joined by the brightest minds at the ABC to break down the poli-speak and have a chat about what's actually going on behind the scenes. It's called Politics Now, and you can find it on ABC Listen.
Carrington Clarke· Host0:35
Well, it's another Monday, and some fresh property data to digest. Property sales continue to slow with the latest data from Cotality showing a drop in auction clearance rates. Meanwhile, a new report into Australia's tax system says young people are carrying more than their fair share of the load. And did Friday's Senate inquiry into KPMG mark a major milestone in holding the professional services firm to account? Welcome to ABC Business Daily. [upbeat music] I'm Carrington Clark.
Michael Janda· Guest1:07
And I'm ABC News business editor Michael Janda.
Carrington Clarke· Host1:10
Michael, thanks for joining us. Uh- Always a pleasure. I, I feel like week in, week out at the moment, this Cotality data that we get is pretty interesting. And- I mean, I, I love the property market, but even for me, sometimes it feels [laughs] repetitive to come in here and talk about auction clearance rates. It ... I think the reason we're so fixated is, A,