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...