Three Reserve Bank interest rate cuts were widely credited with accelerating growth in property values last year, but historical data shows the most drastic price surges aren’t always due to falling borrowing costs. The 8.6 per cent increase in home values last year was the 11th...
The Reserve Bank’s deputy governor has brushed off a surprisingly soft inflation print, reiterating to borrowers they should not expect any more mortgage relief soon. Inflation figures released by the Australian Bureau of Statistics on Wednesday showed the consumer price index was flat in November, slowing...
Australians splashed out on Black Friday sales, concerts and sporting events, putting household spending on track to exceed central bank forecasts. Household spending rose one per cent in November, the Australian Bureau of Statistics revealed on Monday. That is 6.3 per cent higher than the same time...
Miners have welcomed the government’s $1.2 billion plan to buy critical minerals to shore up supplies for defence and clean energy technologies. Antimony, gallium and rare earth metals were unveiled by Resources Minister Madeleine King as the first elements to be included in a long-promised strategic...
THE COST OF EDUCATION IN AUSTRALIA ACROSS 13 YEARS FOR A CHILD STARTING SCHOOL IN 2026 * National city average: $113,594 (government), $247,174 (catholic), $369,594 (independent) * National regional and remote average: $100,395 (government), $223,874 (catholic), $230,144 (independent) MAJOR CITY SCHOOL COSTS * Melbourne: $121,202 (government), $247,999 (catholic), $435,902...
If you think you’re paying too much for a cup of coffee, there’s good news and bad. The positive is that the extraordinary spike in the cost of beans, which caused cafes and supermarkets to increase prices in the past two years, has stabilised. Drought in Brazil,...