Economy

Why is Australia's jobless rate running at 50-year low?

June 22, 2022 01:52 PM AEST | By Toshiva Jain

Australia is under immense pressure from rising inflation, followed by an increase in the cash rate. However, amidst the pyramid of the many heart wre...

How can house price fall impact new property investors?

June 19, 2022 12:10 AM AEST | By Akanksha Vashisht

Volatility has returned in the Australian property market as rising interest rates take a toll on mortgage holders. The Reserve Bank of Australia (RBA...

How Fed interest rate hikes impact Australia?

June 18, 2022 12:25 AM AEST | By Akanksha Vashisht

It is a known fact that developments in the United States (US) quickly travel across the globe and show an impact. The interest rate hikes by the US F...

Preschool fees to be slashed by NSW government

June 18, 2022 12:10 AM AEST | By Toshiva Jain

Highlights The NSW government will spend AU$1.4 billion over four years to help parents slash preschool fees up to AU$4,000 per year for each child...

Recession fears stalk US markets: How worried should Australia be?

June 17, 2022 06:26 PM AEST | By Akanksha Vashisht

Highlights The possibility of the US economy going into recession has hit international markets, including Australia. Inflationary pressures and r...

Minimum wage hike: How will it impact inflation and RBA interest rat...

June 16, 2022 12:47 PM AEST | By Akanksha Vashisht

Highlights The Fair Work Commission (FWC) has increased the minimum wages by 5.2% as cost-of-living pressures increase. Higher wages are often ass...

Why sending parcels may cost Aussies more?

June 15, 2022 06:31 PM AEST | By Akanksha Vashisht

Highlights Postal service providers, including Australia Post, have announced massive bumps to their surcharge fees. High fuel and transportation...

Fair Work Commission’s minimum wages decision: Key takeaways

June 15, 2022 05:15 PM AEST | By Akanksha Vashisht

Australia’s Fair Work Commission (FWC) has announced a higher-than-expected hike in minimum wages on June 15. An annual wage hike of 5.2% has be...

Why are job seekers worried about new point-based system to receive...

June 15, 2022 11:05 AM AEST | By Akanksha Vashisht

Major changes have been recently announced to Centrelink’s Jobseeker program, bringing a new wave of concern for Aussies. The new Points Based A...

How come Canberrans' electricity bills fall while most Aussies' see...

June 13, 2022 12:56 AM AEST | By Toshiva Jain

Electricity prices are skyrocketing in Australia. There are a couple of reasons behind the massive increase in power bills, such as the Russian invasi...

Is Australian economy facing a wage-price spiral?

June 12, 2022 12:00 AM AEST | By Akanksha Vashisht

The Australian economy is facing challenges from multiple directions. High inflation, rising interest rates and a decline in real wages have clouded t...

How much Australian property prices can fall if rates keep rising?

June 11, 2022 12:05 AM AEST | By Akanksha Vashisht

Highlights The Australian property prices have been declining amidst a fall in housing demand. The RBA’s larger-than-expected June rate hike...

Should Australia be worried over World Bank's latest stagflation war...

June 09, 2022 02:33 PM AEST | By Akanksha Vashisht

Highlights The World Bank has recently downgraded the global economic outlook and warned of a potential return of "stagflation". The OECD believes...

What another 50bps hike in interest rate means for mortgage holders?

June 08, 2022 02:55 PM AEST | By Akanksha Vashisht

Highlights The RBA raised interest rates to 0.85% in June after its first hike in May. The latest interest rate hike is expected to hurt mortgage...

RBA stuns Aussies, lifts cash rate by 50bps

June 07, 2022 04:55 PM AEST | By Akanksha Vashisht

Highlights The RBA has increased the cash rate target and interest rate on Exchange Settlement balances by 50 basis points each. The central bank...

Half a million Aussie motorists to get AU$750 cash rebate amid risin...

June 07, 2022 02:13 PM AEST | By Akanksha Vashisht

Highlights NSW government intends to lessen the burden of Sydney’s tolls by offering cash rebates of AU$750 each year to drivers. The existi...

What does the latest NSW voluntary assisted dying legislation mean?

June 06, 2022 06:32 PM AEST | By Aditi Sarkar

Highlights Assisted dying service involves giving medication to end the life of a person who is suffering from an unbearable terminal illness and u...

Australia's new cabinet has record number of women!

June 06, 2022 03:47 PM AEST | By Toshiva Jain

Highlights Among 23 members of the newly formed Australian cabinet, 10 are women. Eminent appointments include Penny Wong as Foreign Minister, Cla...

RBA to lift cash rate on Tuesday: What to expect?

June 06, 2022 02:19 PM AEST | By Akanksha Vashisht

Highlights The Reserve Bank is expected to conduct its second interest rate hike in the June monetary policy meeting. Inflationary pressures have...

How does Labor plan to help first home buyers?

June 05, 2022 12:10 AM AEST | By Toshiva Jain

 The Labor party has taken over as the new federal government of Australia and people now wonder how the financial and social strategies are goin...

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