A softer-than-expected inflation result will give the Reserve Bank a little more space to leave interest rates on hold, but another hike is not off the cards yet. Australia’s annual headline inflation rate fell to 4.2 per cent in April, from 4.6 per cent the previous...
The budget’s tax whack on property investors will accelerate a housing slowdown caused by interest rate hikes, potentially causing the biggest downturn in more than 40 years. Home price growth was already slowing nationwide, with outright falls in Sydney and Melbourne, following three straight Reserve Bank...
Almost two in three young Australians think artificial intelligence will be used to eliminate jobs and only two per cent think it will create them. Despite their concerns, more Aussies say they have a strong understanding of the technology and regularly use it to study and...
The likelihood of a rate hike in June has shrunk after a surprise jump in the unemployment rate showed the Iran war is having a material impact on Australia’s economy. While bad news for workers, the rise in the jobless rate from 4.3 per cent to...
On a mission to investigate solar, battery and electrification retrofits for the block of flats she lives in, Coco Venaglia has faced hurdle after hurdle. The building’s strata committee is open to upgrades but pressed for time, and was pleased when she offered to do the...
Softer auction rates are a sign tax changes in the federal budget are making things easier for first home buyers, the housing minister says, as Labor weathered another day of criticism from investors and entrepreneurs. Auction clearance rates held below 60 per cent nationally for a...