RBA’s big call on 2024 rate cut
The RBA’s deputy governor Andrew Hauser has made a big call on the likelihood of a 2024 rate cut for Aussies.
Australian Economy
‘Cost-of-living crisis is now behind us’
Treasurer Jim Chalmers has spoken about the moment he was most worried about the nation’s economy, and what the future will be like.
Mining giant cops huge $23.7bn disaster bill
Australia’s biggest mining company has agreed to a massive settlement with the Brazilian government over an environmental catastrophe.
Big call on Dutton’s $5bn housing plan
A bold multi-billion dollar plan by the Coalition to create up to 500,000 new homes has been welcomed by one of the country’s peak business bodies.
‘Failed too many’: Insurers lashed on floods
A parliamentary inquiry into the response of insurers to severe floods in several states in 2022 had let down many victims by failing to meet their obligations.
China spooks ASX from record high
The ASX 200 has fallen from a record high, as investors are disappointed with the economic growth of Australia’s largest trading partner.
Millions lose access to cash after bank move
The big four banks have rolled out a controversial change to the way Australians can access their hard-earned cash.
Dutton slammed for ‘professional whinging’
Prime Minister Anthony Albanese’s recent purchase of a $4.3m home has provoked a fiery outburst from a senior minister.
Unsettling fact about women’s savings
It’s well known that women earn less than men in Australia, but new research has shown there is also a disturbing gulf between the amount of money saved by each gender.
Sign Australia is getting back to ‘normal’
For the first time in 18 months, Aussies are feeling more optimistic about spending as cost-of-living pressures begin to ease.
‘Show me the proof’: Clash over Gina’s land
A cop has been praised for her measured response to a woman who claimed she had a “sovereign” right to camp on land owned by Gina Rinehart’s mining company.
ASX continues record breaking week
The ASX has closed at another record high this week, driven by stronger than expected Australian economic news.
Bad news for Aussie mortgage holders
The Australian economy has added tens of thousands of new jobs, reducing the likelihood of a rate cut in the coming months.
Don’t blame us for rental crisis: RBA
The RBA is shifting the blame for the rental crisis, saying Australia needs more of this to solve the issue.
Grim news for Aussies who want cash
It is getting harder and harder to use cash in Australia, as the latest data paints a tough picture for cash users and the older population.
How to solve Australia’s housing crisis
A leading business group says one thing needs to happen to solve Australia’s housing hell and you only have to look at one of our nearest neighbours for inspiration.
Overseas students’ 3-word Aus takedown
International students protesting recent visa changes say they fear they may be forced to return home, warning Australians “you need us”.
‘Record low’: Shock data reveals sad truth
Australia’s birth rate has fallen to its lowest level on record, while the number of babies born was the lowest since 2006.
210ha of town granted to Aboriginal owners
An Aboriginal group has been handed 210 hectares of freehold land in a tiny outback town, saying “words cannot describe” how important the moment is for them.
Tax deadline looms for millions of Aussies
Millions of Australians are being warned time is almost up to do their tax as they face the possibility of up to $1500 in fines.
Next indignity for Coles, Woolies
Woolies and Coles have copped heat on various fronts, including being sued by the ACCC, and now a class action lawyer says this should happen.
Huge change coming to pharmacy giant
There’s a big change coming to pharmacy giant Chemist Warehouse and it could save customers a lot of money.
Grim stat shows even rent out of reach
The housing market has produced a ‘national scandal’ where few rentals are affordable for the nurses, educators and construction workers.
Why Aussies are feeling inflation shock
Australia’s central bank has pointed to a theory as to why our high inflation feels like it is dragging on, and on, and on and on.
Bank’s big backflip on rates
An Australian bank has backflipped, hiking rates less than two weeks after offering the lowest fixed mortgages in the country.
‘Fiddling’: Surcharge crackdown lashed
A crackdown on card surcharges has been criticised as “fiddling around the edges while Rome burns”.
Grim call on Aussie job market
Aussies are being warned it might get harder to keep their jobs, as businesses look to reduce their headcount.
‘Dodgy’ tax act costing Aussies $16 billion
The Australian Taxation Office has issued a fresh warning to Aussie businesses using cash as a way of tax evasion.
ScoMo lands surprise new role
Former Prime Minister Scott Morrison has landed a surprise new role in Australia’s budding space industry.
Aussies brace for months of wild weather
Stronger cyclones, increased storm surges, and an early fire season are all headed for Australia in the coming months, with Aussies warned to get ready now.
Truth behind negative gearing ‘insanity’
This divisive Australian policy is costing us billions – and grim data has revealed just how nightmarish the situation has truly become.
Builder’s desperate act to survive
The building industry is suffering a decade-long ‘decimation’ that has ruined lives and left companies in disastrous debt.
Call for Aus to bring in Finnish speeding rule
Flat-rate speeding fines “criminalise poverty”, with Australian research making a bold call for an overhaul.
Aussies picking up items on side of road
The fresh research comes after 80 per cent of Aussie households reported experiencing cost of living pressure.
Sign we’re underestimating young Aussies
Gen Z is sometimes written off as a “live-for-the-day” generation, but a surprising new trend shows they’re a lot more savvy.
‘The country is f***ed’: CEO’s scathing rant
Australia ‘should be the richest country in the world’ but instead is ‘f**ked’, according to a CEO who has delivered a brutal verdict on the government’s failures.
Mega Aussie wind farm switched on
What’s set to be the biggest wind farm in the southern hemisphere has been switched on in country Victoria.
Major bank’s huge move on cash
One of Australia’s major banks has cut against the grain in the age of digital wallets and will no longer offer a key service, claiming declining interest.
Aussie shares rise on Wall St rebound
Aussie shares crept higher on Wednesday on the back of a Wall St rebound, despite a sharp sell off in heavyweight mining and energy stocks.
Aussie unis slide in global rankings
Australia’s top universities are sinking in world rankings and ‘reputation’ is a key factor.
Aussie shares sink on China stimulus gloom
The Australian sharemarket fell on Tuesday following muted stimulus measures from China and a sharp pullback on Wall St.
Sign business spirits have lifted
One of Australia’s biggest banks has issued a warning about business confidence after the latest figures were revealed.
RBA reveals outlook for next rate decision
The Reserve Bank is steadfast it will use the blunt tool of interest rates in any way necessary to get inflation down to its target range.
Calls for Boomers to end housing crisis
New research has called for Boomers to end the housing crisis as relief ‘is not in sight’, with the government urged to incentivise older Australians to step in.
Sign Aussie WFH dream is dead
Two more major multinationals have directed Australian staff to get back to the office, in the latest blow to work-from-home devotees.
‘Dark hole’: Big issue in rise of smart cars
The threat of foreign EVs being remotely controlled on Australian roads is unlikely, but the computers on wheels are still listening and watching everything we do.
200 new suburbs hit in house price chaos
Australia’s relentless house price growth has pushed a sweep of new suburbs into the million-dollar value club. Here are the new elite members.
What Aussies are doing with tax cut cash
New data has revealed households struggling with a cost-of-living crisis are banking the extra income from Labor’s stage three tax cuts.
Aussie shares fall on mining, Wall St wobble
The Australian sharemarket fell on Friday as the big miners wobbled and uncertainty courses through Wall Street.
Big bank pays out $85m in car loan fiasco
One of Australia’s biggest banks has agreed to a whopping $85 million settlement over an alleged car loan fiasco.
Fresh blow for Coles, Woolies over discounts
Coles and Woolworths are facing a new class action headache over allegations they promoted specially-marked products with false discounts.
Aussie shares flat with all eyes on Israel
The sharemarket inched higher on Thursday as investors braced for Israel’s response to Iranian missile and terror attacks and the release of crucial US jobs data.
Big call on rate hikes amid inflation fight
A leading financial authority has backed the RBA’s approach to interest rates, but warned further increases would be warranted in the fight against inflation.
‘Kick in the guts’: Major uni to slash jobs
An elite Australian university has been forced to slash jobs because of a huge deficit, which not even enrolling more students could fix.
Aussie beef caught up in US strike
Aussie beef destined for US hamburgers has been left stranded in US waters as tens of thousands of American port workers strike.
Massive job cuts hit Aussie insurance giant
A job cull is sweeping through one of Australia’s biggest insurance companies, even as the company rakes in big profits.
Aussie finance sector’s big AI move
An industry-first agreement will look to protect one Australian fund’s workers in the age of ChatGPT with a new “gold standard”.
Surprising retirement reality for Gen Z Aussies
Millennials and Gen Z Aussies might be locked out of housing, but in one area of economic life they are in prime position.
‘Global fallout’: War could devastate Australia
As the Middle East teeters on the brink of all-out war, attention is turning to the grim consequences we could face right here in Australia.
Aussie shares slip as Middle East mushrooms
The Australian sharemarket slipped on Wednesday as investors braced for a broader war in the Middle East.
Shocking reason Aussies go into debt
Despite cost-of-living pressures, the average Aussie spends $1309 more than they can afford and the reason is tragic.
Staggering cost of cyber attacks revealed
The eye-watering cost of cyber attacks on small businesses across the country has been revealed, with one business owner revealing he was forced to start again.
Aussie shares retreat on mining pullback
The Australian sharemarket retreated from record highs on Tuesday on a sharp sell-off in the mining sector.
Aussie workers monitored by ‘scoreboards’
A group of Australian workers are facing constant, real-time monitoring, where their productivity is being displayed on “scoreboards”.
Bank of mum and dad busier than ever
Australian parents are increasingly dipping into their own pockets to help adult children find a place to live.
Surprise reason for Aussies’ spending
August’s retail trade figures have revealed higher-than-expected growth, with experts putting it down to one surprising factor.
Twist in supermarket crackdown
A major crackdown on supermarket practices is underway, but a key element could be easier said than done.
Urgent tax warning as millions risk $330 fine
Millions of Aussies who have not yet filed their latest tax return are being urged to act quickly to avoid hefty penalties.
Aussie shares hit new high on iron ore boom
The Australian sharemarket notched a fresh record high on Monday on the back of a mammoth rally in iron ore prices.
Chalmers’ relief after China’s big move
Treasurer Jim Chalmers says a major move by China could be a game changer for a key sector of Australia’s economy.
No new help for households after big surplus
The Albanese government is celebrating its budget surplus, but it’s still unclear when household budgets will get some reprieve.
Major breakthrough in the pill for men
Researchers in an Australian lab have taken a major step forward in the development of hormone-free male contraceptive pills.
‘$40 billion’: Huge hit to Australian economy
New forecasts show Australia’s resources and energy sector earnings are set to plummet, as a dire consequence of EV sales emerges.
‘Back-to-back’: Jim’s big budget brag
Labor is set to reveal a budget first since the 2007-08, confirming a back-to-back budget surplus that exceeded May forecasts by $6.5bn.
‘Not normal’: Truth about PM’s boast
The PM recently boasted about a record breaking achievement – however, there was one crucial detail missing that changes everything.
Figure that could come back to bite Albo
Labor’s larger-than-expected surplus will do nothing to quell voters crushed by the cost-of-living crisis, a leading pollster says.
ACCC whacks energy giant with $14m fine
A corporate giant has copped a $14m fine for misleading customers over prices.
Aussie shares snap three-day losing streak
The Australian sharemarket snapped a three-day losing streak on Thursday in a frothy rebound propelled by consumer stocks.
Footy fans face Qantas strike threat
A massive union strike is hitting Qantas over the next week, as thousands prepare to fly to Melbourne for the big AFL grand final on Saturday.
‘Exodus’: Dire forecast for Albo’s housing idea
A highly controversial housing policy Labor is considering would have a brutal effect upon a million Aussies, it’s argued.
Original URL: https://www.news.com.au/finance/economy/australian-economy/page/10