‘Sell homes’: RBA boss’s chilling rates call
The RBA boss has acknowledged the harsh realities of high interest rates on Aussie households, however she said it was required to quell inflation.
Interest Rates
‘Sell homes’: RBA boss’s chilling rates call
The RBA boss has acknowledged the harsh realities of high interest rates on Aussie households, however she said it was required to quell inflation.
‘Backwards’: Fight over slow economy heats up
The Finance Minister has dismissed the opposition’s attack on the government’s handling of the economy after fresh GDP showed anaemic growth.
Growth in Aussie economy tipped to be weak
The Australian economy is expected to show anaemic growth when GDP figures are released on Wednesday, in line with Treasurer Jim Chalmers’ warning.
‘Tell it like it is’: Chalmers dismisses RBA dig
Treasurer Jim Chalmers dismissed claims he was snubbing the RBA after he said cash rate hikes were “smashing the economy”.
How I saved $3000 on my mortgage with a phone call
Aussies are resorting to drastic measures just to get by as high interest rates continue to bite hard. But there is an easy way to cut down on your mortgage costs.
‘Flatlining’: Grim news for Aussie retailers
Retailers are worried they face a tough Christmas trading period, as Australians continue to resist spending up during a cost-of-living crisis.
Major bank’s huge move on rates
One major bank has made a huge move on its fixed rates for home loan customers after the inflation rate eased slightly.
Shocking reality of rate rise crisis
A shocking number of Australians are being forced to spend nearly a third of their income on their mortgage.
Worrying sign Aussies already in ‘recession’
Amid a cost of living crisis beleaguered Aussies have been warned to brace for an “economic horror show” up until Christmas.
Bleak rates call nobody wanted to hear
Economists have dampened hopes that new inflation figures could lead to a sooner-than-expected rate cut, unless “something out of left field” happens.
Why younger savers are ignoring banks
Facing mounting student debts and the cost-of-living grind, younger people are getting savvier on who holds onto their money.
Aussie shares jump on Fed cut fever
The local sharemarket lifted on Monday as buoyant investors cheered the prospect of a September rate cut in the world’s largest economy.
’Kick in the teeth’ for struggling Aussies
As the big four Australian banks continue making billion-dollar profits, more and more families are falling behind on their house payments.
Huge step to reform ‘crucial institution’
Treasurer Jim Chalmers has called for support from the Coalition to create a separate Reserve Bank board that will solely be responsible for cash rate decisions.
Aussie shares extend ripping winning streak
The Australian sharemarket advanced for a 10th consecutive session on Thursday, marking the longest rally in stocks since 2015.
Why $100,000 a year isn’t enough anymore
Making $100,000 a year used to be a kind of salary holy grail for a lot of Aussies, but the country’s cost-of-living crisis has changed that completely.
Dire warning for ‘stagnant’ Aussie jobs
The Australian economy is growing at its slowest rate since a sharp recession in the early 1990s and it’s particularly bad news for white-collar workers.
Mining giant looks at Indonesia after collapse
Australia’s biggest mining company is reportedly looking at Indonesia’s nickel industry following the shut down of its vast nickel operations in Australia.
Big banks make major move on rates
Three of the big four banks are “betting” on interest rates being slashed after making a big call, according to a finance expert.
‘Aligned’: Chalmers fends off rift with RBA
Treasurer Jim Chalmers says the Albanese government and the Reserve Bank are aligned in the fight against inflation.
Canberra’s big call on inflation claim
Finance Minister Katy Gallagher has acknowledged public spending was partly fuelling inflation, but is downplaying the federal government’s role.
Industry risks collapse as cost crisis bites
With the rising cost of living stretching budgets further than ever, cost-conscious Aussies are cutting back. It’s left one key industry in a battle to survive.
‘Premature’: RBA chief’s grim rates call
In a fresh blow to Aussie homeowners, the Reserve Bank Governor has declared rate cuts are still too far away to think about.
‘No doubt’: Explosive CFMEU claims
Shocking claims about the controversial CFMEU have been made at a hearing into Australia’s cost-of-living crisis.
Aussie businesses wobbling on flat turnover
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.
Promising sign for battling renters emerges
It’s been a dark few years for Aussie renters, but experts say vacancy rates across the market are easing slightly.
Aussie stocks fall on iron ore, oil retreat
The sharemarket has started the week on a low note after a retreat in iron ore and oil prices over the weekend.
Slip shows dark turn in Aussie housing
Demand in Australia’s housing market could be easing off, with a shock fall in new lending commitments.
Aussie shares dip in wait for US open
The Australian share market drifted lower in quiet trading on Friday as investors stepped cautiously before Wall St’s big Friday.
Bargain hunters turn out for early sales
The ABS has released its latest data on retail trade and building approvals, and the numbers show a boost for the Aussie economy.
‘Cracks showing’: Rate rise threat looms
A growing list of experts now fear the Reserve Bank will hike rates next month, which could have big consequences for millions of Aussies.
Grim sign fresh rate hike coming
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.
Grim sign fresh rate hike coming
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.
Aussie mortgages spike by $21,000
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.
‘Hit the sweet spot’: PM’s pledge on economy
Anthony Albanese says a range of measures coming into effect on Monday will help Australians with the cost of living and help ease inflation.
Dire warning of several rate hikes this year
The worst fears of household borrowers could soon be realised as the Reserve Bank grapples with stubbornly persistent price pressures.
’Huge pressure’: Cost of living soars again
With recent data showing prices continue to soar, economists are split on the next move for interest rates but it isn’t looking good.
Aussie shares sink on inflation shock, hike fears
The Australian sharemarket tumbled on Wednesday after a shock inflation print sparked fears of a possible rate hike.
‘Stunning reversal’ needed to stop rate hike
A higher-than-expected inflation rate of 4 per cent for May has raised expectations the Reserve Bank will have to raise rates at its next meeting.
‘Stunning reversal’ needed to stop rate hike
A higher-than-expected inflation rate of 4 per cent for May has raised expectations the Reserve Bank will have to raise rates at its next meeting.
Aussie shares leap higher in rebound rally
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
ASX slumps on iron ore, energy woes
The Australian sharemarket fell sharply in a ‘punchy session’ to start the week, dragged down by a selloff in the energy and materials sectors.
Group getting $3k tax cut revealed
Jim Chalmers has amped up his tax cut sell, revealing the group of Aussies expected to pocket an average of $3000 amid renewed concerns on the inflation fight.
‘Burnout’: Graph reveals worrying sign
For the average household things have scarcely been worse since records began in the 1970s, as the economy enters a dangerous and familiar phase.
RBA’s grim warning for Australians
While the central bank didn’t change rates at its latest meeting, it did flag an issue it fears could have a huge impact on Australians.
ASX gains to close out positive week
Australian equities rose modestly on Friday to cap off a positive week buoyed by Wall St gains.
ASX dips in quiet trading after hawkish RBA
Hawkish remarks from the Reserve Bank haven’t rattled investors, with Wednesday recording a quiet day of trading following Tuesday’s strong advance.
Worst possible news for Aussie homeowners
Consumer and business confidence is in the “gutter” yet economists are warning interest rates still could be hiked again.
ASX climbs as RBA maintains rate hold
Snapping a two-day losing streak, the sharemarket rallied on Tuesday, propelled by financial and utilities stocks.
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