Reserve Bank governor Michele Bullock says she is aware that more people than usual are seeking help from community organisations as Australia’s economy slows down and unemployment rises. She says lower-income borrowers are over-represented in the group of people who are “really struggling” right now. And the number of owner-occupiers with variable-rate mortgages who are […]
Western Sydney International Airport (WSI) has landed its first international airline, with Singapore Airlines confirming its intention to operate from the airport and connect Western Sydney passengers to the world. This new commercial arrangement allows Singapore Airlines to begin developing its future operations at WSI, helping Australians wing their way to one of the largest […]
As iron ore prices drop, Australians could see increased taxes and cuts to services as demand for our mining resources takes a hit. The resource boom and commodity trading has seen Australia escape the worst of multiple global economic downturns, with iron ore selling $136 billion lat year alone. In July, Rio Tinto celebrated the […]
Long COVID cost the Australian economy almost $10 billion in lost labour hours in 2022, according to new research. The study, published in the peer-reviewed Medical Journal of Australia, has calculated the number of hours Australians could not work or were forced to reduce their hours as a result of ongoing COVID-19 symptoms 12 months […]
Financial markets are still pricing one cut in the official cash rate (OCR) by the end of the year, followed by further reductions next year: However, the Minutes from this month’s RBA board meeting were released on Tuesday and explicitly stated that “holding the cash rate target steady at its current level for a longer period than […]
Sydney, Australia – Australia is extending its laidback reputation to the workplace by granting employees a “right to disconnect” when they are off the clock. Australian workers on Monday gained the legal right to ignore emails and phone calls from bosses outside of work hours, unless doing so is deemed “unreasonable”. The law is Australia’s response […]
Australia’s wage growth remained elevated in the second quarter, reflecting persistent inflation pressures in the economy and supporting the Reserve Bank’s view that interest-rate cuts remain some way off. The Wage Price Index advanced an annual 4.1% in the three months through June, matching the first quarter while exceeding economists’ estimate of 4%, Australian Bureau of […]
The Albanese Government has today announced more than 15,000 Aussie families have been connected with free internet as part of the School Student Broadband Initiative – delivering real cost of living support for families doing it tough. The SSBI – launched in February last year – fulfils an election commitment to help to narrow the […]
For most Australians buying petrol is a necessary but unavoidable evil that can break a family’s weekly budget in the current cost of living crisis. But when and where a motorist chooses to top up their tank will determine how much they pay and the difference can be as much as $50. This week drivers […]
The Australian government has welcomed a resurgence in wine exports to China. Murray Watt, the Minister for Agriculture, Fisheries and Forestry, on Monday revealed that Australia exported 9.8 million liters of bottled wine to China in May with a total value of 142.2 million Australian dollars (96.3 million U.S. dollars). It was the fourth-highest monthly […]
