Economy

Why sending parcels may cost Aussies more?

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

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...

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...

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? 

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?

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...

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?

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

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...

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?

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!

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?

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?

 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...

How Albanese govt plans to breathe new life into Australian economy

Highlights Emerging as the winner in the 2022 Australian federal election, the Labor Party has come to power under the leadership of Anthony Albane...

Why is it hard to escape the unemployment trap?

Highlights The unemployment rate in Australia is at an all-time low, even as Aussies struggle to manage a living. The unemployment trap refers t...

How COVID-19 triggered a spike in cybercrimes in Australia

Highlights Any attempt to gain unauthorised access to a computer, computing system or network to harm or cause damage is known as cyberattack Duri...

Will Aussies see higher minimum wages as new government takes charge...

It seems the new government has a lot more on its to-do list than the Scott Morrison-led government. One of the most crucial areas of reform for the n...

Will the RBA go for aggressive rate hikes as Q1 GDP exceeds estimate...

Highlights The Australian Bureau of Statistics (ABS) has released the economic growth data for the March 2022 quarter. A higher-than-expected GDP...

Here’s why Australian property prices fell for the first time in two...

Australian property prices have fallen for the first time in nearly two years. Wealthy cities like Sydney and Melbourne are facing the strongest decli...