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.
Australian Economy
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.
‘Property investor’ Albo blasted on housing
The Greens have again taken aim at Anthony Albanese over his government’s stand on a key tax benefit for property owners.
‘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.
Green shoots ahead for Aussie economy: OECD
The OECD says the world economy is “turning a corner” on inflation and offers a bullish read on Australia’s outlook for 2025.
‘Not nearly enough’: Grim call on inflation
Inflation is coming down but experts are warning it isn’t yet time for Aussies to pop the champagne bottles to celebrate a rate cut.
Aussie shares dip lower on big bank fall
The Aussie sharemarket dipped lower on Wednesday as bank stocks tumbled.
Fiery clash on live TV over inflation
The Coalition is renewing its attacks on the Albanese government after the Reserve Bank’s decision to hold rates.
Grim reality of owning a home exposed
Australians wanting the security of home ownership will be rocked by these figures showing just how easier it was a decade ago.
Reserve Bank boss’s brutal three words
RBA Governor Michele Bullock has taken a thinly veiled shot at the government after yesterday’s decision to keep interest rates on hold.
RBA’s grim warning on rates, inflation
The Reserve Bank is sticking to its guns not to cut the official cash rate while inflation remains too high, despite growing pressure to do so.
Uber change hits major Aussie airport
Australia’s largest airport has announced a massive shake-up to its kerbside pick-up options.
Aussie shares dip on hawkish Bullock
The sharemarket dipped lower on Tuesday as the RBA delivered some hawkish rhetoric on interest rates, even as the miners boomed on fresh Chinese support.
Common item smashing Aussie wallets
Despite more EVs and people working from home, Australian fuel prices increased at double the rate of inflation in the 12 months to June.
‘Nightmare’: Obstacle Aussie businesses hate
A high-profile Aussie businessman has backed a state premier, saying he is working hard to reduce every business’s worst “nightmare”.
‘Aussie Owned’: Mum calls for new food label
Aussies love supporting homegrown products, but one mum warns that the widely recognised “Australian Made” logo is not what it seems.
‘Fools’: Albo hits out at Coles, Woolies
Prime Minister Anthony Albanese says supermarket customers “don’t deserve to be treated as fools” as Woolies and Coles are called out.
Aussie shares pull back from record high
The Australian sharemarket tumbled on Monday as supermarket giants Coles and Woolworths retreated on the ACCC’s bombshell legal move.
Annoying 5km rule to be axed for millions
A law that has often left Australians in one state scratching their heads is finally set to be ditched.
‘Out of control’: Minister lashes Greens
Finance Minister Katy Gallagher has issued a scathing takedown of the Greens after they demanded unprecedented action against the Reserve Bank.
Major issue in solving Aussie housing crisis
With Australia’s housing crisis ever-worsening, one group has revealed the 130,000-strong gap stopping it from being solved.
$80 billion win for Aussies
Ahead of the final budget outcome later this month, the Treasurer confirmed Australia has improved its debt position, saving taxpayers on interest fees.
New work trend taking off in Australia
More and more Australians are taking on multiple jobs to keep their heads above the water, but the issue runs deeper than just cost of living.
Huge call on key rates figure
The Treasurer has made a huge call on Australia’s inflation rate, ahead of a new report coming out on Wednesday, one day after the next RBA board meeting.
‘Confident’: Albo’s big claim after Biden chat
Prime Minister Anthony Albanese has made a strong statement about the future of a multi-billion dollar investment after meeting with US President Joe Biden.
‘Confident’: Albo’s big claim after Biden chat
Prime Minister Anthony Albanese has made a strong statement about the future of a multi-billion dollar investment after meeting with US President Joe Biden.
Dire warning over Aussie interest rates
An economist has issued a dire prediction about the “really dangerous” interest rates in Australia on the eve of the Reserve Bank’s rates decision.
Expert’s huge call on Aussie interest rates
Leading Australian economists say the RBA will deliver a gift to cash-strapped households in February, but one key player is holding firm on a rate cut this year.
State’s shock social housing figure
A year ago, one Australian Premier said the ‘status quo is not an option’ as he unveiled a major housing plan. Since then rents are up 13 per cent.
Aussies react to massive interest rate cut
The world’s biggest economy has just cut interest rates by a “jumbo” 50 basis points. Here’s what that means for Australia.
‘Jumbo’ Fed cut boosts Aussie shares
The Australian sharemarket booked a fresh record high on Thursday as investors celebrated the US Fed’s “jumbo” rate cut.
Alarming figure ahead of RBA rate decision
While August’s labour force data revealed Australia’s unemployment rate remained steady, it dashed hopes of a RBA rate cut on Tuesday.
Major cash boost for Aussie families
Women who give birth to or adopt babies after July 1 next year will be eligible for an increased cash boost aimed at lowering the “motherhood tax”.
Aussie shares flat before pivotal Fed moment
The local sharemarket traded flat on Wednesday as investors moved cautiously before Thursday morning’s pivotal Fed rate cut decision and the release of key jobs data.
Grim detail in Aussie mortgage snapshot
One mortgage group is outpacing owner-occupied loans at an astonishing pace, with one critic claiming the new figures show it’s easier for “hoarders” to own homes they don’t plan to live in.
Huge call on 12.9m Aussie salaries
Nearly 13 million Australians would be making $4092 less a year if it weren’t for one thing, a senior Labor Minister has claimed.
Aussie shares hit fresh record on Fed fever
The rate cut rally in Australian shares continued on Tuesday, with the local bourse hitting fresh highs once again as it booked a fourth consecutive session in the green.
Australia locks in contentious new trade deal
Australia has signed a massive new trade deal with a Middle-Eastern powerhouse, but the agreement has sparked controversy.
‘Backwards’: Albo blasted over economy fears
Australia is at risk of taking “noticeable” steps backwards, with one business leader saying prominent CEOs are fearing the country is “losing” its way.
New record high for Aussie shares
Growing jubilance around this week’s interest rate cut in the world’s largest economy propelled Aussie shares to a record high.
2-word trend Aussies can’t get enough of
The cost-of-living crisis has done little to dampen Aussies’ appetite for one activity they were denied during the Covid-19 pandemic.
Big new change in Aussie housing market
Looking to buy your first home? The latest auction results could signal an important change in Australia’s ‘unstoppable’ housing market.
$290m shake-up to ease cost of power bills
One state has committed another $290m to get more solar panels onto homes and businesses, with the ultimate aim of bringing energy bills down.
Why Gen Z can’t be their own boss
The cost-of-living has spooked eager Gen Zers from starting businesses in Australia, new research finds.
China launches flight to major Aussie city
A Chinese airline company has just announced new direct flights connecting mainland China with a major Aussie city.
‘Ignored’: Grim warning on rate hike crisis
Aussie homeowners have been smashed with interest rate pain for years now and a leading economist warns the stress isn’t going to end anytime soon.
‘Pathetic’: Albo lashed as housing fight looms
The Prime Minister has been accused of “pathetic and childish” behaviour when it comes to the nation’s housing crisis.
‘Dividend deluge’ amid cost-of-living crisis
As Australia’s biggest companies do all they can to cut costs, the corporate juggernauts are pulling back profits to pay shareholders.
‘Deserved’: PM’s $5.6bn reform for key group
The Albanese government will introduce a $5.6bn package to help elderly Australians in the aged care sector after finally reaching a deal with the Coalition.
Surprising reason behind spending splurge
Economic activity jumped last month, but Australia’s biggest bank warns the frothy spending could be temporary.
RBA’s shock call on unemployment rate
While unemployment has risen and is forecast to continue to increase, it’s still no match for persistent inflation levels, the RBA’s chief economist says.
‘Won’t be pretty’: Fresh blow to Aus looms
The federal government has been accused of “wilfully weakening” Australia’s economy through a key policy decision.
Fresh blow to Albo’s plan for major change
The Albanese government’s push to pay super on paid parental leave is facing a roadblock, the latest in a series of knockbacks from the opposition.
Aussie shares lift on energy, Wall St bump
The Australian sharemarket lifted on Tuesday on the back of a rally in energy stocks and some relief from a rattled Wall St.
Aussie crisis drives job loss fears
Aussies and business are growing increasingly fearful of a stagnating economy, with new concerns about potential job losses.
Chalmers’ surprise next move to reform RBA
Attempts to overhaul the RBA through bipartisan support have been quashed, but the Treasurer has suggested he’ll seek the backing of a surprise group.
State’s bold plan for housing crisis
One state government is eyeing a bold new idea as it desperately tries to get more houses built.
Old receipt shows why Aussies are struggling
A docket dug up from 2021 has laid bare how much more Aussies are paying for everyday items at our major supermarkets.
‘Punching itself in the face’: RBA cops heat
A former federal treasurer and current Labor Party national president has come out swinging against the Reserve Bank, saying the RBA is ‘punching itself in the face’.
State’s worst rental suburbs revealed
There are small signs rents are coming down, but vacancy rates are still razor thin and there could not be any more “rental pain” in 12 NSW suburbs.
‘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.
Original URL: https://www.news.com.au/finance/economy/australian-economy/page/12