Economy

Australians Turn to Backyard Chickens to Tackle Soaring Egg Prices

With egg prices climbing fast, more Australians are setting up backyard chicken coops—seeking not just savings, but food security and a more sustainable way of living.

Egg tray

Are Australians Paying Too Much for Petrol? Global Comparisons Tell a Complex Story

As petrol prices squeeze household budgets, a new debate has emerged over whether Australians are paying more than they should—global comparisons reveal a surprising truth.

Are Australians Paying Too Much for Petrol? Global Comparisons Tell a Complex Story

Major Supermarkets Issue Urgent Recall Over Health Risk Warning

Several major supermarkets across Australia have issued an urgent recall following a public health alert—shoppers are being urged to check their recent purchases immediately.

Person Pushing Cart in a Supermarket

Coalition Vows to Undo Labor’s Budget Tax Cut and Temporarily Halve the Fuel Excise

The Coalition's proposal to halve the fuel excise for one year aims to provide immediate relief to Australians, replacing Labor’s planned tax cuts. Critics have raised concerns over the long-term…

Coalition Vows to Undo Labor’s Budget Tax Cut and Temporarily Halve the Fuel Excise

Dutton Takes Centre Stage with Petrol Tax Cuts Amid Coalition Struggles

Peter Dutton’s budget reply centres on a bold plan to halve the federal petrol excise for a year, costing the government an estimated $6 billion. While the proposal is a…

Peter dutton fuel

Fuel Tax Halved Under Coalition Plan, Saving Drivers $700 a Year

The Coalition is betting big on a tax cut that could hit households fast. Fuel prices are in the spotlight, and a new plan aims to ease the strain. With…

Peter Dutton tax

Australia’s Inflation Eases, Sparking Hopes for Rate Cuts and Election Victory

Australia’s latest inflation data reveals a positive trend that could ease the financial burden on homeowners, with potential interest rate cuts on the horizon. This shift provides a timely boost…

Australia inflation

Tax Cuts on the Table: Labor Forces Coalition Into Corner Ahead of Election

Labor is set to bring its controversial tax cuts to a swift vote in Parliament, challenging the Coalition to react before the election. The tax cuts, worth $17.1 billion over…

Jim chalmers tax

Illegal Tobacco Trade Slashes Australian Budget by $6.9 Billion

Illegal tobacco is eating into Australia's federal revenue, costing billions in lost excise. Authorities are stepping up enforcement as black market sales continue to rise.

Illegal Tobacco Trade

Chalmers Faces the Challenge of a Decade of Deficits in New Federal Budget

With the threat of increased tariffs looming, particularly under United States President Donald Trump’s administration, Chalmers is focused on building Australia's capacity to withstand external shocks.

Jim Chalmers

New Speed Camera Rules to Target All Drivers from May – Warnings and Fines Incoming

Drivers are being warned about a major speed camera change rolling out in weeks—one that could catch far more motorists than expected.

New Speed Camera Rules to Target All Drivers from May – Warnings and Fines Incoming

Jobseeker Payments Wrongfully Cut for Over 10,000 Australians, Says Government

Over 10,000 Jobseeker recipients could be impacted by payment cuts that breached legal protocols. The Department of Employment has paused the system pending multiple investigations.

Centrelink jobseekers

Chalmers Dismisses Further Tax Cuts Amid Rising Economic Pressure

Amid growing concerns over bracket creep and rising tax burdens, Treasurer Jim Chalmers has firmly dismissed calls for additional income tax cuts. He insists that the government's current economic agenda,…

Jim chalmers cuts

Trump Targets Australian Beef Exports as Us Farmers Push for More Tariffs

The U.S. beef industry has criticized Australia’s trade practices, citing a long-standing ban on uncooked U.S. beef and a growing trade deficit. Tensions rise as tariffs and trade reforms loom.

Trump Targets Australian Beef Exports as Us Farmers Push for More Tariffs

Australia’s Migrant Crisis: Low-Skilled Workers Flood the Economy

Despite an influx of over a million migrants, Australia continues to face a shortage of highly skilled workers. Most recent migrants are taking low-skilled positions, while skilled labour gaps remain.…

Australia low skilled migrant issue

Trump Refuses Tariff Exemptions as Australia Seeks Resilience in Trade Relations

Dr. Jim Chalmers warned that the indirect effects of rising trade tensions are more concerning than the immediate impact of the tariffs. Australia's strategy aims for resilience, not retaliation, amid…

Trump Refuses Tariff Exemptions as Australia Seeks Resilience in Trade Relations

Tariff Battle with Trump: Australia’s Last-Ditch Effort to Secure Exemption

In the midst of mounting tensions over US tariffs, Australia’s Trade Minister, Don Farrell, is aiming to secure a deal that President Trump cannot refuse. With steel and aluminium exports…

Australia tariff negotiation

The Australian Dollar Hasn’t Bottomed Yet: What This Means for the FX Market

Despite recent forecasts indicating economic challenges, the Australian Dollar continues to face downward pressure. Goldman Sachs points to a mix of US policy shifts, trade tensions with China, and domestic…

Australian dollar

COSOBA Warns of Economic Crisis Unless Government Supports Businesses

COSOBA and AiG are urging the government to take immediate action to support businesses facing rising costs and inflation. Without intervention, they warn of long-term economic instability.

Australia Faces Dire Consequences Unless Government Aids Businesses and Reins in Spending Says COSOBA

How America’s ‘Agreement’ Left Australia at a Disadvantage

The 2005 US-Australia Free Trade Agreement promised economic growth for both countries, but its outcomes tell a different story. While Australia was expected to benefit, it quickly became clear that…

Australia America Agreement

Melbourne’s East on High Alert as Bushfire Destroys Homes and Threatens More

A raging bushfire in Melbourne’s east has destroyed homes and forced evacuations, with firefighters racing to contain the fast-moving blaze as changing winds threaten to make conditions worse.

Melbourne’s East on High Alert as Bushfire Destroys Homes and Threatens More

Reevaluating Free Trade: How the Australia-US Agreement Has Played Out

The Australia-US Free Trade Agreement promised economic gains, but evidence suggests it favored the US, sparking debate over its true impact.

US Trade War

Australia Regulator Sues FIIG Securities Over Cybersecurity Failures

ASIC has taken legal action against FIIG Securities, alleging that the company’s inadequate cybersecurity measures led to a significant data breach. The breach exposed sensitive information of around 18,000 clients.

Australia Regulator Sues FIIG Securities Over Cybersecurity Failures

Australian Universities Face Pressure to Explain US-Funded Research Grants Amid Trump’s New Policies

The Trump administration's sweeping suspension of US research grants has raised alarms in Australian universities. Researchers are now being asked to disclose details about their foreign funding and political affiliations.…

Australian universities

ATO Issues Warning on Tax Compliance for Small Businesses

With tax time approaching, small businesses are urged to review their financial records and seek professional advice. The ATO’s proactive approach aims to ensure compliance and promote good business practices.

ATO

Australian Government Increases Funding to Combat Illicit Tobacco Trade

Australian Border Force has seized 1.3 billion illegal cigarettes in just six months, highlighting the scale of the illicit tobacco trade. Authorities warn that criminal networks are using the profits…

Illicit Tobacco Trade

US-Australia Trade Tensions Rise as Albanese Slams Unjustified Tariffs

Australia condemns new US tariffs on steel and aluminium, warning they could harm economic ties and escalate the US-Australia trade dispute.

US-Australia Trade Albanese

Trump Shuts Down Australia’s Hopes for Steel and Aluminum Tariff Exemption

Australia's hopes for a steel and aluminum tariff exemption from Trump have been dashed. The White House's latest decision is a blow to long-standing trade relations.

Australian steel and aluminum

Cyclone Alfred Economic Cost Could Reach 1 Billion Dollars per Day

The economic impact of Cyclone Alfred is unfolding rapidly, with businesses shut down, infrastructure damaged, and insurance claims surging. Costs are expected to climb into the billions as recovery efforts…

Cyclone Alfred

Australia’s Biggest Super Funds Near ASX Investing Limits, Shifting Focus Overseas

Australia’s biggest super funds are nearing their ASX investing limits, prompting a shift toward global markets to maintain strong returns for members.

Asx

Australia’s Household Spending Rises Again – But Growth Slows in Key Areas

Australia’s household spending rose for the fourth consecutive month, but slowing annual growth suggests consumers are becoming more cautious with their purchases.

A Women With A Shopping Cart In A Grocery Store

Australia Had the Chance to Be the Richest—Here’s Why It Failed

Despite exporting vast amounts of coal, gas, and minerals, Australia’s economy has failed to deliver lasting prosperity to its citizens. Unlike Norway, which built a sovereign wealth fund to secure…

Australia resourrces

Australia’s Inflation Eases, but Is the Economic Recovery Real?

Inflation is falling, real wages are rising, and Australia has avoided a recession. Yet, not everyone is convinced the economy is on solid ground. Shadow Treasurer Angus Taylor warns of…

Australia Inflation

The Hidden Impact of a US Trade War on Australians From Shopping to Superannuation

The US Trade War is sending shockwaves through the global economy, and Australians could soon feel the impact. From rising prices to superannuation volatility, the effects may be unavoidable.

US Trade War

Albanese Confirms Alfred Will Have Lasting Economic Effects

Businesses are closing, workers are stranded, and the government is bracing for the economic fallout of ex-tropical cyclone Alfred. Albanese confirms urgent recovery efforts are underway.

Anthony Albanese

Global Markets Shaken as Trump’s Tariff Policies Continue to Create Uncertainty

Uncertainty over President Trump’s shifting tariff policies has led to significant stock market declines. Experts warn of potential long-term economic consequences.

Trump’s Tariff Policies

Australia’s Mineral Wealth Positions It as a Key Player in the Global Energy Transition

Australia strengthens its global lead in critical minerals with vast reserves and rising investment, shaping the future of key industries.

Albanese Shifts Election Timeline, Pushing Ahead With Key Budget

An April election was widely expected—until Cyclone Alfred threw the government’s plans into disarray. Now, Albanese has confirmed a major shift in timing, with the budget remaining the priority. How…

Anthony Albanese

GDP on the Rise: Australia’s Economy Expands, Reversing Nearly Two Years of Decline

Australia’s economy has emerged from a prolonged per capita recession, marking a major shift in growth trends. New data reveals GDP is now rising faster than the population, boosting real…

Australia GDP rise

Brisbane in Lockdown as Cyclone Alfred Brings Severe Storms

Brisbane braces for Cyclone Alfred as schools shut and transport halts. Extreme weather looms, with authorities urging caution.

Why do Australian women still earn less than men? New report breaks it down

New data exposes a persistent gender pay gap in Australia, with women earning significantly less than men. Key figures and causes revealed.

Australia’s Looming Gas Crisis Fuels Major Political Clash

Australia’s gas battle intensifies as the Coalition pushes for fast-track approvals, while Labor warns of environmental and legal risks ahead.

Australia’s Economy Just Doubled Its Growth Pace, but Is Your Wallet Feeling It?

Australia’s economy just picked up speed, doubling its growth pace in the final quarter. With the RBA treading carefully on rate cuts, the real impact on inflation and consumer spending…

Australia Growth Pace

Slow but Steady: Is Australia’s Economy Truly on the Path to Recovery?

Australia’s economy shows signs of recovery, but low productivity and investment raise concerns. The RBA remains cautious on rate cuts.

Supermarket Recalls Popular Lunch Item Over Undeclared Allergen Risk

A widely sold ready-to-eat sandwich has been recalled by a supermarket chain across Victoria due to undeclared milk, posing a risk to those with allergies.

Person Pushing Cart in a Supermarket

Mortgage vs Rent: Which Australian Cities Offer the Best Value in 2025?

Housing affordability varies significantly across Australia. While some cities make renting the smarter choice, others show surprising mortgage advantages for buyers.

Major Australian Fashion Retailer Collapses, Shuttering 185 Stores and Cutting 1,000 Jobs

A well-known Australian fashion retailer has collapsed, forcing the closure of 185 stores nationwide and leaving over 1,000 employees affected.

The Outside of a Fashion Retailer

Australian Pensioners Set to Become Some of the World’s Wealthiest

Australia’s retirees are on the brink of an unexpected financial transformation, with their wealth quietly outpacing global expectations. The shift is already underway.

Australia’s Inflation Steady at 2.5% as Core Inflation Creeps Up

January's inflation figures show stability at 2.5%, yet a closer look reveals a subtle shift in underlying price pressures. The Reserve Bank of Australia recently moved on interest rates, reflecting…

Australia inflation

Historic first strike in 150 years shakes Melbourne’s Queen Victoria Market

For the first time in history, Queen Victoria Market traders have gone on strike, protesting unexpected fee hikes and financial pressures. As stallholders stand their ground, the future of Melbourne’s…