Whether you’re planning to retire soon or have another 10 years or so before you actually do, you want to be prepared when the time comes. After all, having enough money to live a happy, comfortable retirement is essential. But how much is enough? The Association of...
The surprise slowdown in the pace of rate rises risks dragging out the rate hiking cycle and forcing the central bank to go even higher than expected to dampen demand. The Reserve Bank of Australia’s 0.25 percentage point lift is the sixth consecutive rate hike and...
The federal budget is likely to remain in the red for at least four years despite a $50 billion turnaround in the government’s bottom line. Treasurer Jim Chalmers and Finance Minister Katy Gallagher handed down the final budget outcome for 2021/22 on Wednesday, posting an underlying...
Most Australians will lose an hour of sleep but gain – in theory – warmer weather, as clocks move forward for daylight saving. At 2am local time on Sunday, Victoria, NSW, Tasmania, South Australia, and the ACT will fast forward to 3am. Queensland, Western Australia and the...
Australians have been overcharged $10 billion by electricity networks making “supernormal” profits from consumers forced to use their poles and wires, data shows. Consumers have paid substantially higher bills in the eastern states for eight years because of flaws in the regulation of prices charged for...
Internet search habits of Australians over two decades reveal they can’t get enough COVID-19 news, rain predictions and Tomahawk steak cooking instructions. Google has released some remarkable search engine trends since it entered the Australian market 20 years ago. Australians have googled ‘Covid news’ more than any...
A once humble 1930s Australian penny is set to fetch tens of thousands of dollars at auction. The penny is the lowest mintage pre-decimal Australian coin in existence – a “numismatic superstar” with its value only rising, according to Lloyds Auctions chief operations officer Lee Hames. The...
With a recession looming and rate hikes hurting hip pockets, a fight over tax cuts is escalating as Labor prepares to deliver its first budget in almost a decade. Government ministers have consistently stood by legislated stage-three tax cuts, which will largely benefit high-income earners. But there...
When Kevin Paltridge’s son Corey was killed in the 2002 Bali bombings, the devastated father turned to other Australians whose children had died suddenly to try to cope with his own loss. He quit his job as an airline supervisor and went to work at a...
The local share market has enjoyed its best gains in more than two years after the Reserve Bank slowed its rate hike campaign to assess the economic fallout. The benchmark S&P/ASX200 index closed up 242.4 points, or 3.75 per cent, to 6699.3 on Tuesday, while the...