The rising cost of living has become a significant challenge for adult children living at home and aspiring to move out. In many parts of the world, particularly in Australia, the cost of housing, groceries, transportation, and utilities has surged, making it increasingly difficult for young...
Borrowers have missed out on another interest rate cut – for now – as the Reserve Bank of Australia waits for more proof inflation has been beaten. But further repayment relief should be on the horizon, with Governor Michele Bullock confirming the unexpected decision to stay...
Most older Australians support increasing taxes on high superannuation balances. The federal government is controversially hoping to lift taxes on super balances above $3 million from 15 per cent to 30 per cent in a move predicted to impact about 0.5 per cent of savers. Despite outcry...
A wait of at least five weeks until further interest rate relief is expected to keep the pressure on retailers and other consumer-facing businesses keen for spending to pick up. In a move that caught markets and most economists by surprise, the Reserve Bank of Australia’s...
Consumers could benefit from lower interest rates and cheaper goods after Donald Trump announced increased tariffs on two of Australia’s biggest trading partners. The US president has brought in 25 per cent tariffs on goods from Japan and Korea, Australia’s second and third-biggest export markets and...
Leaders need to “throw everything” at winning Australia’s bid to host a key climate summit as the nation finds itself in a global race to net zero. Australia has teamed up with the Pacific in a proposal to jointly host the 2026 United Nations Climate Change...
The prime minister has trimmed expectations Australia’s goods and services tax could be raised as part of a suite of changes that includes lower income taxes. While he did not want to rule any policy changes in or out of the government’s economic reform agenda, Anthony...
Recharging electric cars by the side of the road is expected to become easier in one state after a $5 million investment designed to spark more vehicle adoption. The NSW government plans to add another 549 car-charging facilities in 130 suburbs over the coming year, with...
“A win for free speech in Australia.” This is what Elon Musk’s lawyers have said after overturning government orders blocking a post claiming transgender people belonged in a mental institution. Musk’s social media platform X, formerly known as Twitter, and Canadian activist Christopher Elston have been in...
Despite “deficits” and “negativity” surrounding Closing the Gap narratives, Indigenous businesses are slowly becoming the engine driving social change because they are grounded in their own communities. A landmark report from Supply Nation found Indigenous businesses create $42.6 billion of social value each year and allow...