October 2022

Peak business groups have hailed the Albanese government’s first budget as careful and cautious, but warn hard work lies ahead to shore up the economy. Business Council chief Jennifer Westacott said the Labor economic blueprint made the necessary first steps to “steady the ship” and set...

Investing can be a challenging exercise, although the principle behind it is deceptively simple: buy when prices are low. However, this is easier said than done. Even seasoned investors who attempt to time the market to buy at the most advantageous periods don’t expect to...

The Albanese government has been praised for taking the first step towards budget repair by banking its unexpected commodities windfall, with serious tax reform likely to be addressed in future budgets. With government debt expected to hit the trillion dollar mark in the next financial year...

Economic growth over the four years to 2025/26 is likely to be slower than predicted ahead of the May federal election, due to global challenges, high inflation and higher interest rates. KEY ECONOMIC FORECASTS IN 2022/23 BUDGET GDP (real, versus coalition March budget forecasts) 2022/23 – 3.25pct (3.50pct) 2023/24...

Sometimes, it may seem as though we have no connection to our formerly young, now-adolescent children. It can be difficult to relate with teenagers as they navigate adolescence by developing their own interests, experimenting with various social groups, testing boundaries, and taking risks. They each develop distinct...

Workers will wait two more years for a lift in real wages after the Albanese government’s first budget warned inflation would outstrip pay growth until 2024/25. Treasury predictions in Tuesday’s 2022/23 budget see the tight labour market pushing wages growth to 3.75 per cent in 2022/23...

Retail electricity prices are expected by rise by 50 per cent over the next two years, dealing households and businesses another cost-of-living blow. Treasury has assumed in the federal budget that retail power prices will increase by an average of 20 per cent nationally in late...

Long-awaited aged care reforms are set to be delivered thanks to a multi-billion dollar boost. The federal budget shows $2.5 billion will be spent over the next four years to ensure all aged care facilities have a registered nurse onsite around the clock. The funding, a major...

Inflation has surged to 7.3 per cent annually in the September quarter as supply chain bottlenecks, high energy prices and expensive freight continues to drive up the cost of living. Inflation over the quarter hit 1.8 per cent, according to data from the national statistics bureau. Underlying...

Generated by Feedzy