Grim outlook on mortgage repayments
Banks are expecting more mortgage holders to go into arrears as households struggle with elevated interest rates and inflation.
Banks are expecting more mortgage holders to go into arrears as households struggle with elevated interest rates and inflation.
The Australian sharemarket lifted on Wednesday on the back of a rising Wall St bull run.
The latest numbers on new home starts are out and it isn’t good news for battlers struggling to live the Australian dream.
Some dark economic data out of China triggered a sell-off in heavyweight mining stocks on Tuesday, pulling the Aussie market down from record highs.
Aussies shares continued to rally higher on Monday, crossing the 8000 threshold for the first time in history on speculation of imminent rate cuts in the US.
Treasurer Jim Chalmers says he is expecting Australia’s surplus to grow beyond the $9.3bn forecast in the budget, with the exact figures set to drop in September.
Treasurer Jim Chalmers says he is expecting Australia’s surplus to grow beyond the $9.3bn forecast in the budget, with the exact figures set to drop in September.
The Australian sharemarket has closed out the week on a record high as investors position themselves for imminent US Federal Reserve rate cuts.
The benchmark ASX200 has flown close to record highs on Thursday following a huge night of trading on Wall St.
A disturbing inequality between one group of Aussies and everyone else has been highlighted in a new report.
There’s a growing crisis in Australia’s trucking industry, and shoppers everywhere will be the losers.
Mining stocks have weighed down the sharemarket again this week, with the benchmark ASX200 dipping into the red on Wednesday.
Aussies will be richer with the arrival of Stage 3 tax cuts, but experts are warning the boost could trigger higher inflation and send mortgage payments soaring.
It’s been a difficult few months for business in Australia and there’s no end in sight, with turnover down for the month of May.
It’s been a dark few years for Aussie renters, but experts say vacancy rates across the market are easing slightly.
The sharemarket has started the week on a low note after a retreat in iron ore and oil prices over the weekend.
Demand in Australia’s housing market could be easing off, with a shock fall in new lending commitments.
The Australian share market drifted lower in quiet trading on Friday as investors stepped cautiously before Wall St’s big Friday.
The ABS has released its latest data on retail trade and building approvals, and the numbers show a boost for the Aussie economy.
A growing list of experts now fear the Reserve Bank will hike rates next month, which could have big consequences for millions of Aussies.
The Reserve Bank has released the minutes from its June board meeting where it considered another rate hike. The discussion shows some storm clouds for homeowners.
The Reserve Bank has released the minutes from its June board meeting where it considered another rate hike. The discussion shows some storm clouds for homeowners.
Australians are increasingly making a desperate move to try to lower the cost of their mortgage, as it’s revealed how much extra the average owner is paying.
Anthony Albanese says a range of measures coming into effect on Monday will help Australians with the cost of living and help ease inflation.
The worst fears of household borrowers could soon be realised as the Reserve Bank grapples with stubbornly persistent price pressures.
While attempting to lay out the Coalition’s economic credentials, shadow Treasurer Angus Taylor confused the opposition’s cut-through line on migration.
One major Aussie bank has made a huge call about how people will use their tax cut cash boost in the coming months, warning not to expect a shopping spree.
Admitting the risks around an inflation rebound had increased, the RBA board was unwilling to rule out an additional rate hike.
The man leading Australia’s largest supermarket has defended his company’s profits, but also made a big call on helping struggling Aussies.
Admitting that the risks around an inflation rebound had increased, the RBA board was unwilling to rule out an additional rate hike.
The Coalition will ban foreign investors and drastically reduce migration numbers in a pre-election pitch that has accused Labor of being “disconnected” to everyday Australia.
The rise of Australians with their own home office has contributed to Australia’s rental property shortage, a senior RBA official has warned.
Stoking the case for rate cuts this year, the unemployment rate moved sharply higher in April.
Debate is swirling that the budget is “smoke and mirrors” and a cash splash risks interest rates being hiked or staying higher for longer.
Workers, already under pressure from inflation, saw their wages slide last quarter but there is some good news for homeowners.
Despite a chorus of economists sharing concerns with the budget, the Treasurer is adamant his plan won’t make the cost of living crisis worse.
Aussie stocks lifted on Wednesday on the back of a mining rally fuelled by bourse heavyweight BHP.
One of Australia’s largest financial services providers is going cashless at its offices but has promised customers cash withdrawal fees from ATMs will be covered.
The first question time since Treasurer Jim Chalmers handed down his third budget is underway. Watch it live.
Amid concerns that the Albanese government’s third budget will be inflationary, Treasurer Jim Chalmers will pour billions more into the economy.
Federal Treasurer Jim Chalmers has handed down his third budget, sneaking in a warning for the years to come among a widespread cash splash.
Australian shares dipped lower on Tuesday as investors continue to tread cautiously before a flood of data comes this week.
Despite forecasting a second consecutive surplus, Tuesday’s budget will show the nation’s finances falling further into the red from next financial year.
A former Labor strategist has warned the federal government that without a bold policy vision in the budget voters could ditch the major parties.
Australian shares were flat on Monday before important inflation data is released midweek.
With family budgets coming under further strain, consumers heavily wound back on spending on non-essential items in April.
With family budgets coming under further strain, consumers heavily wound back on spending on non-essential items in April.
Jim Chalmers’ Treasury department has delivered a glimmer of hope for inflation crunched households ahead of the federal budget on Tuesday.
Jim Chalmers’ Treasury department has delivered a glimmer of hope for inflation crunched households ahead of the federal budget on Tuesday.
Consumer and financials were crunched on Thursday as investors grew increasingly concerned with the impact of elevated inflation on households.
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