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Economy
Will rising interest rates bring turmoil for Aussie mortgage payers?
April 09, 2022 12:54 AM AEST| By Akanksha VashishtHighlights Banks have brought forward their projections for an interest rate hike by the central bank. Rising inflation and cost of living pressures have fuelled earlier rate hike expectations. A potential increase in interest rates could pile.....
What is Canada's Federal Budget and how it can impact you?
April 07, 2022 07:56 PM AEST| By Ankit SethiHighlights Budget is nothing but a detailed document highlighting how the government wants to earn and spend The finance minister is set to table the Budget 2022 on 7 April in the House of Commons Budget 2022 is likely to shape up the Canadian.....
What is the current state of inflation in OECD area?
April 07, 2022 01:50 PM AEST| By Akanksha VashishtHighlights The OECD has recently released the consumer price index report for February 2022. Consumer prices rose significantly in February in the OECD region. A sharp rise in inflation was seen in Turkey among OECD member countries. Whil.....
What is Fair Pay Agreements Bill? What does it mean for the NZ industries
April 06, 2022 05:02 PM AEST| By ManikaHighlights Fair Pay Agreements Bill seeks to address low incomes and insufficient working conditions It will give enable sector or industry wise bargaining for wages and work conditions Workers unions have welcomed it but business bodies not h.....
How soon will Aussies receive the AU$250 cost of living cash payment?
April 06, 2022 01:08 PM AEST| By Akanksha VashishtHighlights The Morrison government would be distributing a one-off payment to Aussies by the end of this month. The payment would only be paid once irrespective of whether individuals are under the list of vulnerable Aussies and also a concessi.....
Key takeaways from RBA's April monetary policy meeting
April 05, 2022 04:34 PM AEST| By Akanksha VashishtThe Reserve Bank of Australia (RBA) has announced its third monetary policy decision for 2022 today, i.e., 5 April. Largely in line with market expectations, the RBA has kept the cash rate steady at ten basis points and the interest rate on Exchang.....
What does Australia’s debt mean for taxpayers?
April 05, 2022 06:00 AM AEST| By Toshiva JainHighlights Prices are skyrocketing in Australia along with increasing debt. Australia is one of the topmost pandemic era spenders, operating at an almost 0% interest rate. The recent budget revealed that taxpayers wouldn’t be burdened wi.....
How Australia's big four banks are preparing ahead of anticipated rate hikes?
April 04, 2022 02:47 PM AEST| By Akanksha VashishtHighlights The big four banks have lowered their variable mortgage rates ahead of the central bank’s possible rate hike decision. Commonwealth Bank of Australia (ASX:CBA) is the latest big four bank to decrease its lowest variable rate fo.....
Why are Australia’s housing growth rates losing momentum?
April 03, 2022 04:03 AM AEST| By Akanksha VashishtHighlights Housing prices in Sydney and Melbourne have started to decline, leading to speculations that the property market is losing momentum. The pandemic has taught the markets that supply-side challenges are more pronounced than high immigr.....
How is Australia’s current economy? A quick glance at 3 economic indicators
March 31, 2022 03:12 PM AEDT| By Akanksha VashishtHighlights Australia’s dwelling approvals rebounded in February 2022 after a dip in January. Job vacancies significantly improved over pre-pandemic levels, with the RBA projecting a drop in the unemployment rate to below 4% in 2022. High.....
When will Australia’s petrol prices come down?
March 31, 2022 01:59 PM AEDT| By Akanksha VashishtPetrol prices have taken a dangerous leap amidst the Russia-Ukraine war. The cost of living has been gravely affected by soaring inflation levels seen due to supply-chain constraints. However, as cheaper fuel becomes a distant reality, the Australi.....
Australians borrow more via BNPL, payday lenders as living costs spike?
March 31, 2022 02:51 AM AEDT| By Toshiva JainHighlights Due to rising inflation and almost stagnant wages, Aussies have been inclining towards seeking more buy now, pay later (BNPL) and payday lenders for meeting their daily expenses. Credit card bills are climbing consistently for the fi.....
Australia Budget 2022-23: Paid Parental leave to support new dads
March 31, 2022 01:32 AM AEDT| By Akanksha VashishtHighlights The Paid Parental Leave (PPL) would see some major changes as per the latest budget announcement. The Paid Parental Leave can be taken any time within two years of the birth or adoption of a child. The introduced changes are likely .....
Why interest rate hike is a threat to Australia’s booming housing market?
March 29, 2022 06:17 PM AEDT| By Akanksha VashishtHighlights The US Fed and the Bank of England have recently raised interest rates to fight inflation, unlike the RBA. Concerns loom that rising interest rates could make mortgage lending more expensive, affecting borrowers adversely. The Commo.....
Australian retail sales in February 2022: Three points to notice now
March 29, 2022 02:47 PM AEDT| By Akanksha VashishtRetail sales data is a gauge of consumer confidence and the overall robustness of the economy. The past two years are a testament to the fact that the retail sector was one of the first sectors to get affected by pandemic-related disruptions. Wh.....
Australia budget 2022-23 to offer petrol price relief & support first home buyers
March 29, 2022 04:29 AM AEDT| By Akanksha VashishtHighlights The federal budget, due Tuesday, is expected to include a fuel excise cut for Australians. The budget is expected to focus on easing the cost of living pressures and housing affordability. Critics argue that the government.....
Five things to expect from pre-election Australia Budget
March 28, 2022 07:10 PM AEDT| By Toshiva JainHighlights The Australian federal budget will be released on 29 March. The budget is set to focus on the cost of living, inflation, and fuel prices. Experts opine that the beer industry, infrastructure, housing, childcare, and defence can be b.....
When was the last housing market crash in Australia?
March 28, 2022 07:07 PM AEDT| By Akanksha VashishtThe Australian housing market has been subject to many ups and downs in the recent past. The record-low interest rates have brewed an environment of widespread borrowing, causing a large uptick in housing demand. However, the current boom in prices.....
Impact of COVID-19 on Australian property market: Six points to note
March 26, 2022 12:59 AM AEDT| By Akanksha VashishtHighlights The current property price surge can be attributed to record-low interest rates and favourable grants by the centre and state governments. More first-time homebuyers have entered the property market in the last two years. Since the .....
Disinformation Register: Debunking mistruths about 2022 Australian federal election
March 25, 2022 04:07 PM AEDT| By ManishaTime and again, the Australian Electoral Commission (AEC) has been taking stringent measures to keep a check on electoral disinformation. It is in action yet again. The Commission recently launched a Disinformation Register to strengthen its combat a...
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