Mortgage holders should not expect any relief for the foreseeable future, Reserve Bank governor Michele Bullock says, after leaving interest rates on hold. In a widely-anticipated, unanimous decision, the central bank’s monetary policy board kept the cash rate steady at 3.6 per cent for a third-straight...
The holiday period is a time for switching off, travelling, entertaining and spending time with family and friends. Unfortunately, it’s also one of the busiest times of year for insurance claims. Whether you’re heading away or staying put, understanding the most common holiday risks can help...
Nearly two in every five Australians fear they will not be able to retire, as housing prices and day-to-day costs grind higher, new data shows. Roughly 38 per cent of Australian superannuation members have that worry, up from 28 per cent in 2024, while two in...
The amount of superannuation needed for different groups to retire, as projected by Super Consumers Australia: * Single homeowner needs $74,000 for a modest retirement spending $32,000 per year, with the rest (91 per cent) supplemented by the age pension * Single renter needs $274,000 for a...
Adjusting to life without social media will be challenging for millions of young Australians, the prime minister has warned, as world-first laws barring children from apps like Instagram, Snapchat and TikTok take effect. All Australians aged under 16 are now officially banned from holding accounts on...
Christmas shopping could be a task performed by artificial intelligence bots in future, armed with a consumer’s credit card, specific instructions and permission to add goods to carts across the internet. One in three Australians is willing to put AI bots to work on their shopping...