Property
Population growth not stopping ‘recession-like’ economy
8 October
Australians face “recession-like” conditions as the nation’s increasing reliance on population growth over productivity catches up with policy-makers.The economy is likely to avoid a technical recession, defined as two consecutive quarters of...[Read More]
Consumer confidence plunges to worst level since 1990s
8 October
Australian households are the most persistently pessimistic they have been since the early-1990s recession, after a fourth Reserve Bank rate rise.Following the RBA’s decision to lift interest rates to the highest level since 2011, confidence among...[Read More]
Home buyers are waiting to see where market lands: bank
8 October
Home buyers are holding off to see where the falling Australian housing market lands as high interest rates, stubborn living costs and federal tax changes weigh on valuations.After a strong financial year of loan growth at People First Bank –...[Read More]
Housing update to show target slipping further away
7 October
Australia is set to fall further behind on its bid to build 1.2 million new homes in five years.Less than two years in, the nation is already more than 100,000 homes short of schedule.The deficit is unlikely to be narrowed when the Australian Bureau...[Read More]
Four strategies to safeguard your financial future
1 October
Financial stability doesn’t usually come by chance; it requires preparation and strategy. Most of us depend on a steady paycheck, but few consider what would happen if it disappeared suddenly. Protecting yourself against financial disaster...[Read More]
More pain brews for borrowers as rates hit 15-year high
1 October
Cash-strapped borrowers are being warned of more hikes to come by the Reserve Bank of Australia after it lifted interest rates to a 15-year high.In a unanimous decision, the central bank’s nine-member board lifted the cash rate target by 25 basis...[Read More]
Headline inflation jumps back to four per cent
1 October
Australia’s annual headline inflation rate has climbed to four per cent as higher oil prices continue to filter through the economy.The consumer price index rose 0.4 per cent in August, the Australian Bureau of Statistics reported on Wednesday, a...[Read More]
Aussies forgoing lifestyle for homes in record numbers
1 October
Australians are willing to cut back their spending in record numbers to afford a property, affirming the ongoing value of home ownership, new data shows.More than 75 per cent of residents were willing to cut their spending back to afford a home, a...[Read More]
Debt concerns: treasurer’s era of cheap-money ending
30 September
Because everyone wants your money, you can charge them more for it.That’s the issue facing governments forced to pay investors more for borrowing cash in the form of bonds.The eye-watering sums being raised by artificial intelligence...[Read More]
Labour pains: jobs market too hot for inflation fight
24 September
Australia’s unemployment rate probably needs to edge a little higher to help get inflation back under control, Reserve Bank governor Michele Bullock says.Prefacing her remarks by saying the RBA does not want to see high unemployment, Ms Bullock...[Read More]
September hike firms as RBA inflation fears come true
23 September
Economists at one of Australia’s big four banks expect the Reserve Bank to raise interest rates imminently after the central bank’s governor issued a dire warning about inflation.Michele Bullock told a parliamentary hearing in Canberra that it...[Read More]
Soft landing botched: IMF backs more rate rises
23 September
A global financial body has given the Reserve Bank the green light to hike interest rates and urged Treasurer Jim Chalmers to be bolder on tax reform.With a break-out in price growth hitting Australians’ living standards, returning inflation to...[Read More]
Iran and iPhones add to Reserve Bank’s inflation pickle
17 September
The rising cost of oil and iPhones is concerning the Reserve Bank of Australia as it approaches a crucial interest rate decision, the central bank’s chief economist says.With rising inflation pressures from the Middle East and more broadly around...[Read More]
‘Doing what we want’: Labor stands by housing tax moves
17 September
Changes to property tax breaks in the federal budget are working, the housing minister says, as data shows most home vendors are still making massive profits despite a downturn.Clare O’Neil brushed off figures from the Housing Industry Association...[Read More]
Australians are ‘furious’ about inflation: RBA deputy
10 September
Australians are “furious” about inflation and it will take the nation years to fully get on top on higher post-pandemic living costs, the Reserve Bank’s deputy governor says.Ahead of the central bank’s meeting later this month on interest...[Read More]