Economy

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…

Why Wealth Inheritance Is Shaping Australia’s Economy More than Hard Work

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 Warns: High Prices Are Here to Stay Despite Cooling Inflation

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?

RBA Governor Michele Bullock

Anthony Albanese’s £8 Billion Plan to Expand Free GP Visits Across Australia

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?

Anthony Albanese, GP Visits

The Hidden Costs of Australia’s Mortgage Refinancing Frenzy You Need to Know

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…

The Hidden Costs of Australia's Mortgage Refinancing Frenzy You Need to Know

RBA Moves Early on Rate Cuts to Avoid Past Mistakes, Says Governor Bullock

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…

RBA Michele Bullock

ASX 200 Tumbles for Fifth Straight Session as Banks and Consumer Stocks Slide

The ASX 200 extends its losing streak, dragged down by financial and consumer stocks. Investors react sharply to earnings surprises—what's driving the market downturn?

Asx

Trump’s Aluminium Tariffs: A Major Threat to Australia’s Manufacturing Sector

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…

Australia aluminium tariff

RBA’s First Rate Cut in Years: What It Signals for Australia’s Economy

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,…

RBA housing

Commonwealth Bank Smashes Profit Expectations—What It Means for Your Money

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…

Commonwealth Bank of Australia

RBA Expected to Cut Interest Rates as Inflation Eases

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

RBA

Australia’s Crucial Trade Battle: Albanese’s Bold Move to Avoid Trump’s Tariffs

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…

Trump Tariff Australia

How Australia’s Trade Surplus Could Lead to a Tariff Break from Trump

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,…

trump tariffs

Australia Seeks Exemption from US Tariff amid Growing Political Tensions

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

Us Tariff Peter Dutton

Australia’s Inflation Drops, but Will the RBA Cut Interest Rates?

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…

Australia inflation drop

Maningrida Residents Struggle as Food Prices Soar—Can Local Solutions Help?

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,…

Maningrida

Political Donation Cap Jumps to $50K in Late-Night Election Funding Deal

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…

Australia donation cap

Australian Government to Cap Grocery Prices in Remote Communities to City Levels

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…

prime minister anthony albanese

Australian Government Announces £573 Million Investment in Women’s Health

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

Australian Government Announces £573 Million Investment in Women’s Health

Inflation Shock: The Unexpected Winners and Losers of Rising Prices

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…

Australia inflation

S&P Issues Stark Warning: Australian States Must Tackle Rising Debt

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…

S&P Global

Tariffs Imposed by US President Shake Markets as ASX Plunges – What It Means for Australia

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…

australia tariff's rise

Peter Dutton’s Spending Cuts Remain Unclear Before the Election

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

Peter Dutton

Jim Chalmers Declares Worst of Inflation Battle ‘Well and Truly Behind Us’

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.

Jim Chalmers

ATO’s Warning to Australians: Overdue Tax Returns Could Cost You $1,650

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

ATO Overdue Tax Returns

Major Warning for Mortgage Holders as RBA Prepares for Interest Rate Cuts

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…

RBA Prepares for Interest Rate Cuts

£10,000 Incentive Announced for Apprentices to Tackle Australia’s Housing Crisis

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…

Australian eligible to incentive

Staggering Reliance on Interest Rate Relief by Australian Households

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.

Staggering Reliance on Interest Rate Relief by Australian Households

How Green Aluminium Could Transform Australia’s Economy and Climate Goals

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…

ATO Issues Urgent Advice on Work-Related Tax Deductions

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…

ATO tax

Top Superannuation Funds of 2024: A Year of Double-Digit Gains

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…

Australia superannuation

Services Australia Faces Scrutiny Over Billions in Decades-Old Debts

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…

Services Australia

Wendy’s Faces Challenges Entering Australias Crowded Fast Food Market

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…

Wendy’s

ATO Issues Warning: Wage Boost Could Leave Workers Facing ‘Nasty Surprise’

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…

wage boost australia

Nab Expands Islamic Finance Offerings, Empowering Ethical Business Growth

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

NAB

New Immigration Rules to Transform U.S. Travel for Australians

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…

Australian travelers

Bank of Queensland Criticized for Systemic Failures in Managing Deceased Customers’ Accounts

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…

Bank of Queensland

Australian City Faces Record Petrol Prices, Leaving Drivers Reeling

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.

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

Commonwealth Bank Calls for Bold Overhaul of Australia’s Payment System

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…

Australia’s Payment System

NBN Overhaul: Albanese Government Commits to Faster Internet for Millions

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…

Australia NBN