Property
‘Green light’ for rate hike as GDP growth surprises
3 September
Australia’s economy grew by 2.1 per cent in the last financial year, cementing the odds for another rate rise as the economy proves more resilient than the Reserve Bank expects.Gross domestic product expanded by 0.4 per cent in the June quarter,...[Read More]
Inflated charges: push to make landlords pay gas bills
2 September
Australian renters are being slugged almost $440 million a year to stay connected to gas, analysis has shown, even though landlords control whether their properties remain on the network.Rewiring Australia released the finding on Friday and called...[Read More]
‘Hot mess’ inflation result puts rate rise on the table
27 August
More interest rate hikes are on the cards after Australia’s headline inflation rate came in higher than expected, despite falling to its lowest level in eight months.The consumer price index rose one per cent in July, resulting in the annual rate...[Read More]
‘Hawkish’ RBA minutes reveal rate rise still an option
27 August
Members of the Reserve Bank’s rate-setting board considered hiking interest rates to pre-emptively ward off against a rise in inflation if the Middle East conflict drags on or the AI boom is larger than anticipated.The RBA board also fretted over...[Read More]
AI boom, productivity malaise making RBA’s job harder
20 August
The surge in artificial intelligence investment and Australia’s sluggish productivity growth rate are forcing the Reserve Bank to keep interest rates higher, a top central bank official says.Speaking two days after the RBA kept the cash rate...[Read More]
‘Hawkish’ RBA open to more hikes after holding rates
13 August
The Reserve Bank has left the door open to more interest rate hikes as it held the benchmark lending rate steady for a second straight meeting.Falling house prices and lower-than-expected inflation helped convince the central bank’s nine-member...[Read More]
‘Softer than we thought’: RBA’s admission on inflation
6 August
Surprise inflation data, which came in lower than expected and below the central bank’s own forecasts, was due to softer fuel prices, according to the RBA’s chief economist. Figures released on Wednesday revealed headline inflation for June fell...[Read More]
Surprise inflation drop eases chance of RBA rate hikes
30 July
Falling inflation levels have defied Reserve Bank predictions, alleviating fears another interest-rate hike is imminent. The latest Australian Bureau of Statistics data showed headline annual inflation falling to 3.8 per cent in June, down from four...[Read More]
Shoddy bank record-keeping hits savers as scammers lurk
30 July
Systemic shoddy record-keeping at big banks is risking the savings of Australians trying to benefit from a safe investment strategy. The financial regulator issued the warning around mortgage offset accounts, which are marketed to borrowers as a way...[Read More]
How trust in the RBA could help keep interest rates low
23 July
As people lose faith in institutions across the globe, a report shows maintaining trust in the Reserve Bank can help keep inflation under control. A survey released by the central bank on Wednesday showed people who have higher trust in the RBA are...[Read More]
Trump threatens to shoot down signs of economic rebound
16 July
Just as businesses and consumers were beginning to grow more confident, a return to arms in the Middle East risks sending sentiment back to the doldrums. Business confidence climbed nine points in June, despite warnings the federal budget would...[Read More]
How first-time homebuyers can save $8,500 in taxes
16 July
First-time homebuyers are missing out on thousands of dollars by not using a little-known scheme that helps save them money for the deposit. The First Home Super Saver Scheme lets them take advantage of their superannuation account’s favourable...[Read More]
Energy rollercoaster: Australian bills to fall and rise
16 July
Solar panels, wind farms and cheaper batteries will help to cut Australian electricity bills in the coming years, even as the artificial intelligence boom pushes up the price of gas technology. But energy prices will rise after 2030, a study has...[Read More]
How to save money around the home amidst the rising interest rates
9 July
With interest rates rising almost everywhere, including Australia, people have begun tightening their purse strings as best they can. However, decreasing spending to ensure your expenses match your reduced budget could mean barely any savings or...[Read More]
Inflation-fuelling supply shocks under RBA microscope
9 July
Expect to hear more from the Reserve Bank as it grapples with how to navigate a world punctuated by more frequent supply shocks due to heightened geopolitical tensions and climate change. With shocks like the Middle East oil crisis and Donald...[Read More]