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News
The jobs market is holding steady, what does that mean for my mortgage?
5+ day, 3+ hour ago (493+ words) The unemployment rate has held steady, but experts are divided on whether a rate hike in August can be taken off the table. Just over 76,000 people found work in June, according to the latest data released by the Australian Bureau…...
'Relief': why mortgage holders can breathe easier - for now
3+ hour, 17+ min ago (550+ words) Home owners have been given some hope their mortgage payments will stay at their current rate after inflation unexpectedly dropped in June. The Australian Bureau of Statistics has recorded a drop in the consumer price index, which measures the change…...
Inflation fall to pre-Iran war level a welcome surprise
4+ hour, 39+ min ago (530+ words) An unexpected drop in headline inflation has eased fears of another imminent interest rate hike. The latest Australian Bureau of Statistics data showed headline inflation falling from four per cent to 3.8 per cent in June, the lowest level since the…...
'Too high': RBA rates warning as inflation fears flare
1+ day, 4+ hour ago (654+ words) More interest rate hikes may be needed to get inflation under control, the head of the Reserve Bank says, as the Middle East oil crisis risks pushing prices ever higher. Ahead of a crucial inflation print, RBA governor Michele Bullock…...
Rate watchers eye inflation data and RBA chief's speech
3+ day, 5+ hour ago (519+ words) Economists are awaiting key quarterly inflation data but expect the Reserve Bank to hold interest rates despite renewed fighting in the Middle East sending oil prices up again. The Australian Bureau of Statistics will on Wednesday publish the consumer price…...
In a world where everything seems busted, here's the surprising truth about our economy
6+ day, 11+ hour ago (803+ words) The word of the day is resilience. It was in the title of the Treasurer's budget speech and then appeared another 13 times after that. In the budget papers themselves, it appeared a whopping 170 times. It's sort of ironic. By any…...
Rate hike on the table after surprise jump in jobs
6+ day, 4+ hour ago (576+ words) A surge in new jobs in Australia's economy has kept alive the possibility of another Reserve Bank rate hike as renewed conflict in the Middle East reignites inflation fears. While the unemployment rate came in line with forecasters' expectations at…...
Employment soars by 76,000 as jobless rate holds steady
6+ day, 5+ hour ago (397+ words) Australia's unemployment rate has held steady at 4.4 per cent but a sharp rise in the participation rate will not ease Reserve Bank fears about inflation amid renewed conflict in the Middle East. While the jobless rate came in line with…...
How trust in the RBA could help keep interest rates low
1+ week, 5+ hour ago (385+ words) As people lose faith in institutions across the globe, a report shows maintaining trust in the Reserve Bank can help keep inflation under control. A survey released by the central bank on Wednesday showed people who have higher trust in…...
Home-building costs rise, but not as much as feared
1+ week, 13+ hour ago (446+ words) The Middle East conflict has fuelled a sharp acceleration in construction costs, but price growth remains relatively soft by historical standards. Construction costs increased one per cent in the June quarter, according to data firm Cotality's latest Cordell construction cost…...