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Housing, AI and geopolitics define the economic outlook

CommBank economists say the slowdown in Australia’s economy is now more likely to be driven by housing prices than oil shocks, amid a global economy that’s being redefined by AI, energy prices and shifting geopolitical risks.

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A person walks past an auction sign outside a property in Sydney, Australia, June 22, 2026.

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Disruptions in critical chokepoints like the Strait of Hormuz are exposing vulnerabilities in global trade, driving supply shocks and higher costs, CommBank Senior Geo-Economics Analyst Madison Cartwright explains.

CommBank Socceroos Aziz Behich, Jacob Italiano, Aiden O'Neill and Patrick Yazbek take part in Passing the Torch, where they share their perspectives on football, life and the experiences that have shaped their careers.

After 38 years with CommBank, retired Ballarat Branch Manager Colleen Cornips helps open the city's brand new branch, cutting the ribbon alongside her former colleagues.

Latest news

Markets

Trump ceasefire call sees oil spike

Oil prices jumped and global stocks wobbled after Donald Trump cast doubt on the temporary truce with Iran, lifting inflation worries and Treasury ...
9 July 2026
Property

Rents hit record share of Australian household income

Australian renters are spending about a third of household income on rent, with national weekly rents hitting a record $705 as affordability pressu...
9 July 2026
Economy

Housing, AI and geopolitics define the economic outlook

CommBank economists say the slowdown in Australia’s economy is now more likely to be driven by housing prices than oil shocks, amid a global econom...
9 July 2026
Markets

Oil spikes, Wall Street drops as US-Iran tensions build

US stocks fell and oil surged more than 5% as US-Iran tensions escalated in the Strait of Hormuz.
8 July 2026
Business

Springhill Farm shows how innovation is helping manufacturers stay competitive

Rising costs, cautious consumers and intense competition are forcing Australian food manufacturers to find new ways to stay competitive, with Balla...
8 July 2026
Markets

Aussie shares pare losses as US, Iran trade airstrikes

Miners and the banks have dragged down Australia's benchmark bourse as US-Iran hostilities resume.
8 July 2026

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CommBank Socceroos

Find out more about the CommBank Socceroos as they take on the world's best football teams at FIFA World Cup 2026.

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A group of young people with their phones. Credit: Adobe Stock

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CommBank appoints Howatson+Company

‘We try to think out loud’: OpenAI’s Sam Altman on closing the AI adoption gap

Artificial intelligence
OpenAI CEO Sam Altman says AI technology is advancing faster than we’ve been able to absorb it, making transparency, trust and agility critical to closing the gap.

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Get up to speed on negative gearing

Economy
Australians have been arguing about negative gearing for forty years, and the 2026-27 federal budget has brought major changes. What’s the deal?

 

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What is capital gains tax and what are the latest changes?

Economy
Updated | Capital gains tax (CGT) is back in the news again. What is it, where did it come from, what changed in the 2026-27 federal budget and what has the government announced since?

 

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