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The major networks have called a victory for the Australian Labor Party as tonight proves to be much worse for the Coalition than expected. Anthony Albanese could be looking to return with an increased majority.

With vote counting underway in most states, Anthony Albanese and Peter Dutton are awaiting the results in their home cities. Political correspondent Finn McHugh is reporting from Dutton’s election party on what we can expect in tonight’s results.

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Political correspondent Finn McHugh is following Peter Dutton on election day. Dutton has just made a stop at a petrol station in the Victorian seat of Gorton and will later be heading back to his home city, Brisbane, to watch the votes roll in.

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It’s the last day of the federal election. Over the past week, economics correspondent Jennifer Duke has been on the trail with Anthony Albanese as he made a final push for a second Labor term. Today, Albanese will be heading to Sydney to vote, likely alongside his fiancée Jodie and his dog Toto.

Capital Brief @capitalbrief.com · 01/04/2025

Political correspondent Finn McHugh has joined Anthony Albanese on the campaign trail this week. So far the prime minister has continued to repeat one message: Medicare. Labor’s election strategy seems to be centred around its $8.5 billion funding boost for Australia’s universal health care system.

Capital Brief @capitalbrief.com · 01/04/2025

BREAKING: The Reserve Bank of Australia has kept rates on hold at its second meeting of 2025. This was widely expected by economists with minimal data being released since the last rate meeting to justify a further easing.

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Capital Brief @capitalbrief.com · 25/03/2025

Treasurer Jim Chalmers has unveiled $17.6 billion worth of tax cuts over four years as the centrepiece of his federal budget, which projects the Commonwealth's gross debt will for the first time crash through $1 trillion. #Budget2025 #BudgetSpeech2025

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Capital Brief @capitalbrief.com · 10/03/2025

Here's what new ABC managing director Hugh Marks said in his first address to staff: www.capitalbrief.com/article/abc-...

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Meanwhile, if you make at least $176,395 pre-tax, you’re earning more than 95% of Australians.

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And if you want to compare your net worth to others in your age group, take a look at this chart. If you’re a 25-40 year old and have a net worth of $554,000, you’re doing better than 90% of people in that age bracket.

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Turning to wealth, including superannuation and housing equity, it’s a different picture again. Young households typically have around $238,000 in wealth, middle-aged households’ net wealth is typically $809,000, and retired households typically have $817,000. Again, the averages are much higher.

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Capital Brief @capitalbrief.com · 09/01/2025

According to a Grattan Institute analysis based on 2020-21 tax office data, the typical - or median - Australian taxpayer made $53,032 a year, while the average was $70,458.

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As this chart shows, federal spending as a proportion of GDP is about 1.5 to 2 percentage points higher than the average from 1975 to 2019. This clearly pre-dates, and persists with, the current government.

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Capital Brief @capitalbrief.com · 09/01/2025

Independent economist Saul Eslake agrees that “you’d rather be Australia than most other [comparable] countries.” But he also says he’s “moderately” worried about the budget position, noting that “the trend is clearly in the wrong direction”.

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Capital Brief @capitalbrief.com · 09/01/2025

First off, how does our debt burden compare to similar economies? According to this IMF chart, Australia isn’t faring too badly.

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Capital Brief @capitalbrief.com · 09/12/2024

Australian startup Applied EV, which makes autonomous vehicles targeted at industries like mining and logistics, has launched its latest model. The 6th generation of the Black Robot is the first model designed for large-scale manufacturing and is built on the chassis of Suzuki’s Jimny car.

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Capital Brief @capitalbrief.com · 05/12/2024

Bitcoin has topped US$100,000 ($155,500) for the first time after surging since Donald Trump's US election win last month Read more: www.capitalbrief.com/briefing/bit...

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Capital Brief @capitalbrief.com · 28/11/2024

World-first legislation to ban children under 16 from social media has passed the Australian Parliament after the Albanese government extended the last sitting week of the year to secure passage of scores of bills Read more: www.capitalbrief.com/briefing/soc...