Economy

Generational wealth is becoming a key factor in financial security, but not everyone has access. As private wealth grows, so does the divide.

RBA governor Michele Bullock cautions that while inflation is easing, prices won’t return to past levels. With interest rate cuts and global uncertainties ahead, what’s next for Australia’s economy?

Anthony Albanese unveils a bold £8.5 billion plan to expand free GP visits, aiming to boost bulk-billing rates to 90%. How will this reshape healthcare access in Australia?

Many Australian homeowners are rushing to refinance after the recent interest rate cut, hoping for lower repayments. However, hidden costs such as discharge fees, government charges, and mortgage insurance can…

After a series of rapid rate hikes, the RBA has made its first cut, but not everyone agrees with the timing. Governor Bullock says the central bank wants to avoid…

Australia's $18 billion aluminium sector faces disruption as US President Donald Trump proposes a 25% tariff on imports. This decision could shake global trade flows, particularly impacting Australian manufacturers who…

After a series of aggressive hikes, the RBA has reversed course, cutting the cash rate to 4.1% as inflation slows. The move marks a turning point in Australia’s economic landscape,…

Australia’s biggest bank just posted a $5.13 billion profit, beating market expectations. Despite economic uncertainty, home loans are growing, dividends are rising, and rate cuts could shake things up. Some…

Economists anticipate the RBA's first interest rate cut of 2025, potentially easing mortgage pressures as inflation trends downward.

Australia is on the brink of a trade crisis as Prime Minister Albanese weighs the risks of a bold diplomatic move to save key exporters from Trump's looming tariffs. Despite…

US President Donald Trump has hinted at granting Australia an exemption from his 25% steel tariffs, thanks to the country’s rare trade surplus with the US. Australia’s strong export relationship,…

Australia pushes for a US tariff exemption on steel and aluminium as political tensions flare over diplomatic ties with Washington.

After 15 months at 4.35 per cent, Australia’s cash rate could be poised for a long-awaited cut. Inflation has eased, but the RBA remains cautious, watching underlying trends closely. Homeowners…

In the remote community of Maningrida, food costs are rising faster than residents can afford, pushing families to the brink. With malnourishment increasing and local stores struggling with freight costs,…

Australia is introducing its first-ever federal donation and spending caps after a last-minute agreement between Labor and the Coalition. The deal lifts contribution limits and increases the disclosure threshold, sparking…

Remote Australians are paying double for groceries while city prices stay low. The government is stepping in with a bold new plan to cap essential items. Some staples will see…

The Australian government is making a significant move to improve women’s health, with new subsidies set to ease financial barriers for essential treatments.

Official figures show inflation easing, yet the cost of living remains stubbornly high. Mortgage repayments are surging, grocery bills haven’t budged, and paychecks still feel tight. Politicians claim victory over…

Despite receiving $150 billion more in revenue than expected, Australian states have significantly overspent, raising alarms from S&P Global. The agency warns that poor fiscal discipline could lead to further…

A shockwave has hit financial markets as Trump’s tariffs spark a massive sell-off, dragging the ASX 200 to its worst loss in months. Investors are pulling out of stocks, the…

Peter Dutton promises to cut public spending and reshape Australia's energy future, but key details remain undisclosed until after the election.

Australia’s inflation rate has fallen within the RBA’s target range, raising hopes for potential interest rate cuts. As the government touts economic progress, the political and financial implications remain significant.

Overdue on your tax return? The Australian Taxation Office (ATO) isn’t waiting around. Recent reports reveal calls, voicemails, and penalties targeting specific taxpayers.

Big changes are coming for mortgage holders as the Reserve Bank inches closer to interest rate cuts. Savings sound great—but is there more to the story? How much could you…

In a bold move to address Australia's housing shortage, Prime Minister Anthony Albanese has revealed a £10,000 financial incentive for apprentices in residential construction. The initiative aims to build a…

Nearly three-quarters of Australian households are relying on an interest rate cut to manage rising mortgage costs. The Reserve Bank's upcoming decision could be crucial for financial relief.

Australia’s $2 billion plan to support green aluminium production aims to revolutionize the industry by transitioning smelters to renewable energy. Praised by environmentalists and business leaders, the initiative also faces…

The ATO has identified a common tax mistake affecting millions of Australians. Many workers are unknowingly breaching rules on clothing deductions, risking penalties in the process. Strict guidelines dictate what…

Superannuation funds delivered exceptional double-digit returns in 2024, driven by strong performances in shares and diversified portfolios. With Raiz Super leading the pack at 14.7%, this year's results highlight the…

Decades-old welfare debts are haunting hundreds of thousands of Australians, with a controversial calculation method now under fire. Services Australia faces allegations of unfairly raising billions in debts, some dating…

Wendy’s is making a bold comeback in Australia’s fast-food market after 40 years. Facing stiff competition and operational challenges, the brand aims to win over local consumers with strategic growth…

Australian workers are celebrating a $54 weekly wage boost, but tax experts are warning of unexpected consequences. With the increase potentially pushing some into higher tax brackets, the ATO is…

NAB’s Islamic finance expansion enables Australian businesses to access ethical, interest-free funding without property collateral. This move supports diversity and entrepreneurial growth.

Australian travelers heading to the United States are about to see a major shift in how they clear customs. A new program promises to make the process faster and more…

Bank of Queensland faces backlash after systemic failures led to fees being charged to deceased customers' accounts over four years. A damning report reveals over 2,500 breaches, sparking calls for…

A new report highlights a major Australian city grappling with soaring petrol prices, raising questions about what’s driving the surge and its impact on drivers.

Australians could soon see a major shift in how they pay, as the Commonwealth Bank calls for a ban on card payment surcharges. With hidden fees costing consumers billions each…

In order to modernize the National Broadband Network (NBN) and provide faster internet to millions of people, Prime Minister Anthony Albanese has launched a $3 billion proposal. In light of…

Regional students can access up to $5,000 through the Tertiary Access Payment to help cover relocation costs for higher education. This financial boost aims to bridge the gap in education…

Sydney Train services are grinding to a halt as unions and the government remain deadlocked over pay disputes. Commuters brace for slower journeys and widespread disruptions across the network.

Eligible motorists across New South Wales are being urged to check their entitlement for toll rebates, with $140 million in unclaimed funds still available. The state government’s $60 weekly toll…

The Australian dollar has dropped roughly 10% against the US dollar in recent months, with experts attributing this to a mix of domestic and global factors.

The deployment of mobile phone detection cameras has sparked significant backlash, with drivers contesting fines over alleged inaccuracies. Calls for transparency and reform grow as legal challenges and public mistrust…

Will 2025 unlock savings for mortgage holders? Economists hint at upcoming rate cuts that could ease financial pressure, but the timing and impact remain uncertain. How much could your repayments…

Sweeping changes that will affect millions of people across the country are quietly taking effect as Australia rings in 2025. From subtle shifts in welfare payments to new workplace protections…

In 2025, Aussies may see some welcome changes to their finances. Canstar has predicted potential rate cuts and new support payments that could offer relief for households. But will these…

Out-of-control bushfires are tearing through Victoria's Grampians National Park, threatening nearby communities as winds reach 100 km/h. With 68,000 hectares already scorched and emergency evacuations underway, residents face an uncertain…

Australia’s living standards are slipping, and the culprit might surprise you. A startling drop in productivity, compounded by record-high government spending, is leaving households and businesses struggling. What’s really behind…

When will the Reserve Bank of Australia finally bring relief to borrowers? Westpac has pinpointed key dates for interest rate cuts in 2025, offering a light at the end of…