Household spending rose 10.2 per cent in June compared to the same time last year, new figures show. The Australian Bureau of Statistics reported on Tuesday it was the 16th consecutive month of through-the-year increases in total household spending. “Spending categories most impacted from COVID-19 responses (transport,...
Australia could help drivers save billions of dollars by matching fuel efficiency rules for cars imposed by other leading economies, a public policy think tank says. Stronger standards for new vehicles would cut greenhouse gas emissions and reduce costs at the bowser, according to an Australia...
The Australian share market has faded into the close ahead of another US inflation readout that’ll be key to determining how quickly interest rates rise in the world’s largest economy. After being flat around lunchtime, the benchmark S&P/ASX200 index finished Wednesday down 37.1 points, or 0.53...
It’s a common misconception that in therapy, a person will blame all of their life issues on their parents. This is not true. However, decades of research indicate that a person’s mother’s or father’s parenting style may have an impact on how they approach relationships, difficulties,...
How to work out when employers need to pay super guarantee and which employees are eligible. What super payment is required If you pay a worker, you are also required to pay super guarantee. You need to pay it to an eligible employee’s super fund regardless of...
One of the country’s largest unions has called on employers to solve skill shortages by employing migrant workers, provided that Australians be trained to help fill similar roles. The resolution was passed by the Australian Workers’ Union national conference in Sydney on Monday. It will be taken...
A new study has called into question the long-held belief that women outlive men. Although men have a lower life expectancy than women, men have a “substantial chance of outliving females”, according to academics from Denmark. Life expectancies, which summarise the average length of life, are a...
Inflation raised the cost of living across four household types in the June quarter, with higher transport and food costs the biggest contributor, statistics show. The Australian Bureau of Statistics’ Living Cost Indexes, released on Wednesday, showed the cost of living for employees and self-funded retirees...
Australian investors are putting their own money into housing people struggling with homelessness, and it’s proving an effective way to tackle the crisis, researchers say. South Australia has served as a test case for the country’s first social bond targeting homelessness. Many who’ve gone through the program...
A downswing in housing prices is being led by sharp declines in Sydney and Melbourne, with values dropping in five of the eight capital cities. Dwelling values fell 1.3 per cent nationally in July, marking the third consecutive monthly drop, according to CoreLogic Data. Prices have dipped...