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Economy
Why are property prices tumbling in Australia?
July 02, 2022 08:00 AM AEST| By Akanksha VashishtHighlights,Dwelling values declined across parts of Australia in June, with Sydney and Melbourne leading the fall.,Property prices across some capital cities remained flat in June, depicting weakening conditions.,Buyers seem to be waiting for the pri...
How Australia plans to unlock value from mining waste
July 02, 2022 12:00 AM AEST| By Nitish KumarHighlights,Billions of tonnes of mining waste called tailings are generated by the mining industry every year.,According to research, tailing materials could contain valuable minerals, including critical minerals.,Instead of developing new mines, min...
AEMO's 30-year roadmap to supply affordable electricity
July 01, 2022 10:26 AM AEST| By Toshiva JainAEMO’s 2022 Integrated System Plan entails a 30-year roadmap for Australia’s energy industry transformation. The said plan intends to strengthen the National Electricity Market in the long run.
ASIC sues Mercer Financial Advice. Here’s why
June 30, 2022 06:54 PM AEST| By Sonal GoyalASIC has sued Mercer Financial Advice for misleading its client by not presenting fee disclosure statement and charging fee for no services.
CENSUS 2021: Australia’s millennial generation will overtake baby boomers!
June 29, 2022 02:48 PM AEST| By Toshiva JainCENSUS 2021 revealed that the millennials are on the verge of overtaking boomers. Additionally, the number of atheists and the people identifying as aboriginals is also increasing.
Why take-home pay of Aussies could fall from July 1?
June 29, 2022 02:22 PM AEST| By Akanksha VashishtHighlights,The rise in superannuation payments has come amidst rising inflation and tight labour market conditions.,Some employers may force their workers to pay for their own super rises, resulting in a loss of their take-home pay.,Households can ch...
Can Australian economy dodge recession?
June 28, 2022 04:57 PM AEST| By Akanksha VashishtHighlights,Recession talks in the US have created much stir in the global economy, clouding the economic outlook.,The US financial market is of great significance to the Australian banks, which often bear the brunt of high interest rates in the US.,G...
All you need to know about India-Australia defence ties
June 28, 2022 01:32 PM AEST| By Toshiva JainIndia and Australia aim to strengthen their bilateral ties for the betterment of the Indo-Pacific region. Both countries are likely to continue to provide defence and logistical support to one another.
What will another RBA rate hike do to Aussie house prices?
June 28, 2022 12:35 PM AEST| By Akanksha VashishtHighlights,CoreLogic’s national home index recorded negative dwelling value growth for the first time in 20 months in May 2022.,Interest rate hikes could deliver a major blow to economic growth as they might hit consumer confidence.,Most Australian h...
Aussie housing market: Has fear of overpaying overtaken fear of missing out?
June 28, 2022 11:14 AM AEST| By Akanksha VashishtHighlights,The Australian housing market is now facing the fear of overpaying amidst rising interest rates.,Buyers feel a house is much more expensive in a rising interest rate environment than during other times.,Dwindling property searches and a la...
Working from home tax claim shortcut to end
June 28, 2022 11:08 AM AEST| By Toshiva JainWorking from home tax relief to end by June 30. Aussies will now pay taxes under the fixed-rate method.
Australia’s private sector recorded fifth straight month of growth in June!
June 26, 2022 09:00 AM AEST| By Toshiva JainAustralia’s private sector has experienced growth for five months. However, the rate of expansion is low.
Challenges faced by Labor Government
June 25, 2022 09:00 AM AEST| By Toshiva JainAnthony Albanese faces multiple challenges as the party takes over as the new federal government of Australia. Inflation, foreign policy, and climate change are one of the most crucial challenges.
Is a housing market crash in the offing in Australia?
June 25, 2022 08:00 AM AEST| By Akanksha VashishtHighlights,The Australian property market has undergone drastic changes over the past few years.,Property prices have declined following interest rate hikes and tight lending restrictions.,The present scenario might not be the ideal time for buyers t...
Understanding Fair Work Commission’s decision to hike minimum wage
June 24, 2022 03:21 PM AEST| By Toshiva JainThe rise in minimum wage suggested by the Fair Work Commission has fueled the debate whether it will induce further inflation and loss of employment in the country.
How did Albanese government respond to RBA’s warning against pay rise of 4-5%?
June 24, 2022 11:18 AM AEST| By Akanksha VashishtHighlights,The new government has agreed with the RBA’s concerns about higher wages pushing up inflation.,During times of inflation, a wage-price spiral can make wage hikes a threat to economic growth.,The RBA has stated that wage hikes should be cap...
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AEMO to lift electricity market suspension; Has the power crisis eased?
June 23, 2022 02:57 PM AEST| By Akanksha VashishtThe AEMO has recently announced the activation of a staged approach to lifting the market suspension. The recent suspension has helped bring 4,000 MW of electricity generation back from outages.High power demand is likely to keep energy prices..
How could a possible US recession affect Australia?
June 23, 2022 11:23 AM AEST| By Akanksha VashishtHighlights,The United States economy could be in for a massive jolt as experts predict a recession in the country.,The equity markets across Australia and other nations have been the first to react to the news.,Australian experts have been hopeful th...
Will Australia’s fight against inflation end anytime soon?
June 22, 2022 05:50 PM AEST| By Akanksha VashishtHighlights,While Australia is facing record-high inflation, it stands in a relatively better position than many other advanced economies.,The RBA raised interest rates for the second time in a row in the June meeting to reach its inflation target.,Mo...
Why is Australia's jobless rate running at 50-year low?
June 22, 2022 01:52 PM AEST| By Toshiva JainAustralia is under immense pressure from rising inflation, followed by an increase in the cash rate. However, amidst the pyramid of the many heart wrenching news recently, there’s one intriguing factor capturing headlines- Australia’s unemployment ra...
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