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Economy
Will soaring fixed rate hikes bring pain for borrowers?
April 30, 2022 12:52 AM AEST| By Toshiva JainHighlights National Australia Bank recently raised its fixed interest rate on the mortgage loans for the fourth time this year. Westpac increased most of its fixed rates twice in one week in mid-April. According to ABS data, following the inter.....
Future of housing prices, mortgage defaults amid rising interest rates
April 30, 2022 12:47 AM AEST| By Toshiva JainHighlights Consumer sentiment is running low because of skyrocketing prices. As interest rate rises, demand for housing will decline-thus, prices ought to fall. Vulnerable households paying mortgage loans may suffer higher, and defaults may ris.....
Will Australia’s record inflation spell trouble for Morrison’s election campaign?
April 30, 2022 12:43 AM AEST| By ManishaHighlights Consumer Price Index zoomed up 5.1% in last 12 months to the March 2022 quarter. Cost of dwelling construction and automotive fuel prices have seen the highest spike over the period. The record jump in cost of living is buildi.....
ACA flags early learning sector concerns ahead of Federal Election 2022
April 30, 2022 12:36 AM AEST| By Aditi SarkarHighlights ACA has presented three key priorities related to early childhood education in Australia The COVID-19 pandemic has revealed the critical role played by the early learning sector to help in economic recovery The early learning sector.....
Can the RBA rate hike come as soon as May?
April 28, 2022 05:25 PM AEST| By Akanksha VashishtHighlights Australia’s March quarter inflation data has fueled speculations of an interest rate hike in May. Earlier, rising inflation prompted forecasters to bring forward their predictions to June. ANZ and NAB have revised their rate h...
Three takeaways from Australia's March 2022 quarter inflation data
April 27, 2022 03:35 PM AEST| By Akanksha VashishtThe much-awaited consumer price index (CPI) data is out for the first quarter of 2022. The measure of prices, released by the Australian Bureau of Statistics (ABS), suggests that Australia’s inflation surpassed expectations during the last...
Is Australia’s fuel supply a ‘national security problem’?
April 27, 2022 12:51 PM AEST| By Toshiva JainHighlights Australia heavily depends on fuel imports to meet its domestic energy demands. According to recent reports, Australia has merely days of fuel storage left. The country’s transportation requires most of fuel supply; thus, Aussi.....
Australia’s March Qtr inflation data due tomorrow: What to expect?
April 26, 2022 04:28 PM AEST| By Akanksha VashishtHighlights Many experts are predicting an earlier rate hike in Australia amidst rising inflationary pressures. The Reserve Bank is waiting for the upcoming data on inflation and wages, which could influence the rate hike decision. Some experts...
Is hydroponics the solution to rising food demand?
April 24, 2022 12:10 AM AEST| By Aditi Sarkarne diseases The idea of hydroponics is not new; however, the technique is gaining traction due to ever-increasing demand for food and declining cultivable land area. Hydroponics is simply a farming technique that utilises water instead of soil....
Australia’s manufacturing PMI improves in April
April 22, 2022 01:47 PM AEST| By Akanksha VashishtHighlights The latest Flash PMI data showed that both output and demand expanded at strong rates in April compared to March. The sharp improvement in service sector business activity drove private sector output in April. Manufacturing PMI rose.....
Can Russia-Ukraine war derail Australia's economic recovery?
April 22, 2022 01:22 PM AEST| By Akanksha VashishtHighlights It seems difficult to ascertain the long-term impact of the Russia-Ukraine war on the Australian economy. At present, the Australian economy seems to be performing relatively well than many other advanced economies. Amidst a substan...
Why IMF expects Australian economy to grow at 4.2% in 2022
April 21, 2022 03:59 PM AEST| By Toshiva JainHighlights Recent forecasts state that recovery would take a backseat in 2022 because of war, and global economy would experience a slowdown. According to the IMF, Australia has the upper hand in 2022 as the commodity boom protects Australia fr.....
How is higher cost of living impacting first home buyers in Australia?
April 21, 2022 02:16 PM AEST| By Toshiva JainHighlights A recent report on housing affordability showcased that Australian first home buyers seeking new home loans have fallen since March 2021. With rising inflation and consequent increase in cost of living, housing affordability has cons.....
Inflation jumps to 30-year high in NZ, what to expect from Australia?
April 21, 2022 02:00 PM AEST| By Akanksha VashishtHighlights Inflation reached a 30-year high level of 6.9% in New Zealand in the March 2022 quarter. Soaring inflation in Australia has compelled the central bank to push the date of a rate hike closer. The IMF has upgraded its economic growth .....
Lockdowns in China weigh on economic outlook; Should Australia worry?
April 19, 2022 05:48 PM AEST| By Akanksha VashishtHighlights The recent imposition of lockdowns in China has clouded the outlook for global economic growth. Data released by the National Bureau of Statistics (NBS) reveals that retail sales have declined in China during March. The knock-on eff.....
RBA’s April meeting minutes out, any hint of rate hikes?
April 19, 2022 02:56 PM AEST| By Akanksha VashishtHighlights The Reserve Bank of Australia has recently released its minutes for the April monetary policy meeting. Given the rapid rise in inflation, an interest rate hike is expected in the coming months. The RBA would pay close attention to t.....
What is Australian govt doing to boost stem cell research?
April 18, 2022 12:46 AM AEST| By Aditi SarkarHighlights Stem cells are special kind of cells that possess a unique ability to regenerate Regenerative medicine can treat complicated medical conditions that are otherwise impossible by conventional methods The Australian government has prov...
Big banks predict interest rate rises in next six months
April 18, 2022 12:04 AM AEST| By Toshiva JainHighlights Australian big banks predict that the Reserve Bank of Australia (RBA) may increase interest rate in June, following the federal elections. The first rise can take the interest rate from 0.1% to 0.25%. Since over a million people hav...
Should Aussie renters worry about potential interest rate hikes?
April 17, 2022 12:53 AM AEST| By Akanksha VashishtHighlights Australia seems to be facing a national rental crisis, with rental rates going through the roof. The low availability of properties for rent has majorly pushed the rental rates higher. Vacancy rates have remained painfully low, lead...
Resignation regret: Are more boomerang employees returning to old jobs?
April 16, 2022 12:57 AM AEST| By Toshiva JainHighlights Harvard Business Review released a study that showcased that 30% of the job-quitters didn’t have a positive outcome. Several strategists, career consultants and recruiters opine that the Great Resignation shows the growing trai...
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