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Oz Blog News Commentary

Australia replaced the mining boom with a government spending boom

February 16, 2026 - 12:30 -- Admin

Australia is experiencing a major economic shift driven by a decade-long surge in federal and state government spending: Economists claim government spending is now structurally reshaping the economy in a way comparable to the early‑2000s mining boom. Alex Joiner, chief economist at IFM Investors, clearly illustrates the shift from the mining boom to the government-spending

First home buyers sweat on future rate hikes

February 16, 2026 - 11:30 -- Admin

The Australian Treasury set aside $35.7 million in contingent liabilities for defaults under the federal government’s 5% deposit scheme for home buyers in the mid-year budget update in December. Under this scheme, the Treasury guarantees 15% of first-home buyer mortgages, allowing homes to be purchased with only a 5% deposit without requiring lenders’ mortgage insurance.