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A Queensland Treasury analysis shows that NSW’s newly-introduced coal royalties would be higher than those in Queensland over the medium-term price forecasts.
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Brisbane City Council rates would increase by an average 3.45 per cent next financial year, keeping them well below current inflation rates of 7 per cent.
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Australia was heading into a “per capita recession” in which economic growth continued but living standards fell, according to economists.
Business has warned of a worsening housing crisis as 1.5 million immigrants are forecast to head to Australia by 2027.
Coal prices would continue to deliver above average prices and royalties to the State Government for the rest of the year, according to forecasts from Westpac.
Australia’s regime of fuel tax breaks should be dramatically wound back to help cut carbon emissions and reduce pressure on the federal budget, according to prominent think tank the Grattan Institute.
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