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Economy
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...
How can house price fall impact new property investors?
June 19, 2022 12:10 AM AEST| By Akanksha VashishtVolatility has returned in the Australian property market as rising interest rates take a toll on mortgage holders. The Reserve Bank of Australia (RBA) has raised the interest rates for the second consecutive month, taking the official cash rate to.....
How Fed interest rate hikes impact Australia?
June 18, 2022 12:25 AM AEST| By Akanksha VashishtIt 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 Federal Reserve (Fed) are no different as they have shown a significant impact on economies worldwi.....
Preschool fees to be slashed by NSW government
June 18, 2022 12:10 AM AEST| By Toshiva JainHighlights 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. Funds will be provided for children in the age group 3-5-year-olds attending community or mobil.....
Recession fears stalk US markets: How worried should Australia be?
June 17, 2022 06:26 PM AEST| By Akanksha VashishtHighlights The possibility of the US economy going into recession has hit international markets, including Australia. Inflationary pressures and rapid interest rate hikes can potentially cause a drop in consumer and investor sentiment. Austral.....
BoE raises interest rates to 1.25%: How will it affect UK inflation?
June 16, 2022 11:02 PM AEST| By Abhishek SharmaHighlights The Bank of England on Thursday announced the fifth consecutive hike in interest rates. The central bank was under pressure to take aggressive steps after the US Federal Reserve announced a 0.75 percentage point hike in the benchmark.....
GDP fall to impact RBNZ’s monetary stance in next MPC?
June 16, 2022 02:24 PM AEST| By ManikaHighlights NZ’s GDP fell 0.2% in the March 2022 quarter This is mainly due to the Omicron spread during that time Despite a contraction in the economy, the RBNZ unlikely to change its monetary policy stance New Zealand's GDP fell 0......
Minimum wage hike: How will it impact inflation and RBA interest rate decision?
June 16, 2022 12:47 PM AEST| By Akanksha VashishtHighlights The Fair Work Commission (FWC) has increased the minimum wages by 5.2% as cost-of-living pressures increase. Higher wages are often associated with job losses and can contribute to ongoing inflation. An increase in wages could force.....
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