Home lending rose 1.7 per cent to $32.4 billion in May as banks cleared a backlog of loan applications. The figures came a day ahead of a Reserve Bank board meeting which is widely expected to lift the cash rate. The Australian Bureau of Statistics said on...
Wet conditions across parts of the country haven’t dampened Australia’s agricultural outlook according to the latest report from Rural Bank. Australian farmers continue to cash in on high commodity prices and strong production despite a volatile global environment, according to the bank’s half yearly outlook report. Rural...
Bank of Queensland has expanded its partnership with Europe-based tech provider Temenos to roll out a new banking platform for customers. Under the plan, Temenos will develop a fully digitised, cloud-based banking platform aimed at halving the number of BoQ’s technology applications and reducing complexity as...
Australian pilots are being pressured to fly while tired and work around “unstable” rosters, according to a union survey. The survey by the newly-merged Transport Workers Union and Virgin Independent Pilots’ Association has highlighted concerns about job security after thousands of aviation workers were stood down...
Australia’s vehicle industry faces supply issues into the future with constraints on global manufacturing to blame for a near 10 per cent fall in sales last month. The Federal Chamber of Automotive Industries says 99,974 cars and trucks were sold in June, down 9.7 per cent...
Getting Ready for a Holiday Overseas? Make Sure You Follow These Tips After the peak of the global pandemic, one of the foremost questions on people’s minds was: Is it safe to book a holiday abroad for 2022? While the majority of countries have opened their borders...
Authorities remain hopeful of eradicating the varroa mite in NSW as almond producers raise fears that restrictions on bee movements will endanger millions of dollars in produce. Some 19 infested properties have been located since the mite was first detected at the Port of Newcastle on...
The Australian share market has ended in negative territory amid sharp losses in the energy and mining sectors on plunging commodity prices. After being up by as much as a 22.6 points in early morning trade, the benchmark S&P/ASX200 index closed on Wednesday down 34.8 points,...
Proposed changes to superannuation, home buyer support, social security, and more have come out on the heels of the recent federal election and Federal Budget. Here’s what you need to know The following proposed changes relate to social security programs and downsizer contributions. Deeming Rates Eligibility for many...
Hundreds of thousands of Australians will be better off in retirement when the superannuation income threshold payment is dropped on July 1. The axing of the $450 threshold means employees aged 18 and over will have to be paid super, regardless of how much they earn. Aware...