The rising cost of oil and iPhones is concerning the Reserve Bank of Australia as it approaches a crucial interest rate decision, the central bank’s chief economist says. With rising inflation pressures from the Middle East and more broadly around the globe, the Reserve Bank faced...
Changes to property tax breaks in the federal budget are working, the housing minister says, as data shows most home vendors are still making massive profits despite a downturn. Clare O’Neil brushed off figures from the Housing Industry Association showing a 10 per cent fall in...
Queensland has usurped Western Australia at the top of Australia’s state economic rankings, as cracks emerge in the resource-rich state’s performance. WA slid two places to third in CommBank’s revamped State of the States rankings for the June quarter, after holding top spot in four of...
Domestic travellers risk paying more for airfares leading into the busy Christmas and New Year holiday period. The prospective increases by Qantas, Jetstar and Virgin Australia on major routes are being driven by capacity cuts and ongoing management of higher fuel costs linked to the Middle...
Australian households plan to spend $85 billion on home energy upgrades over the next five years, a study has found, averaging more than $8300 per home. But renters and younger Australians could miss out on the trend, with both groups budgeting significantly less for home improvements. PropTrack...
Superannuation can be easy to overlook. For many Australians, it simply appears as another line on a payslip — money being set aside for a future that may still feel a long way away. But over time, superannuation has the potential to become one of your...