2+ hour, 23+ min ago   (717+ words) Commonwealth Bank has announced an huge annual cash net profit, while warning the economy is slowing. Australia’s economy remains resilient but growth is slowing as higher interest rates and inflation continue to pressure household budgets, the nation’s biggest bank says,…...

23+ hour, 23+ min ago   (552+ words) Mortgage holders have been spared further financial pain after the Reserve Bank held interest rates steady for a second straight meeting. The Reserve Bank has held interest rates steady for a second straight meeting despite inflation hovering well above its…...

3+ week, 2+ day ago   (373+ words) As war in the Middle East heats up, South Australian energy stocks became popular targets for buyers, while local tech firms took a dive. H3 Energy, a prospective helium and hydrogen producer, was the biggest riser. Shares were up 14.29 per cent…...

4+ week, 2+ day ago   (800+ words) Eight locally founded startups have been selected to take part in this year’s Venture Catalyst Space program. Delivered by Adelaide University’s Innovation and Collaboration Centre and supported by the SA Space Industry Centre, the six-month accelerator program will assist early-stage…...

1+ mon, 1+ week ago   (386+ words) Homes in Adelaide remain some of the dearest in Australia, but some reprieve for buyers came in June. The median price of a home in Adelaide fell for the first time this year, but houses still cost more in the…...

1+ mon, 2+ week ago   (411+ words) An extra 40,000 jobs were added to Australia’s economy in May, pushing the unemployment rate down to 4.4 per cent. Australia’s unemployment rate fell back to 4.4 per cent after a surprise jump the month earlier, leaving the door open to more interest…...

2+ mon, 1+ week ago   (1017+ words) While the underlying tax law has not materially changed, the ATO’s guidance, messaging and recent activity provide a clear indication of where its focus now lies. Recent ATO publications and industry commentary point to a consistent theme: a focus on…...

2+ mon, 3+ week ago   (516+ words) The Australian labour market has shown signs of softening as tens of thousands of people register as unemployed, boosting hopes of a Reserve Bank rate hold. Australia’s unemployment rate has jumped to 4.5 per cent, surprising economists and adding to the…...

2+ mon, 4+ week ago   (1186+ words) Lingering conflict in the Middle East could cause Australia’s economy to briefly contract and unemployment to spike to pre-pandemic levels, Treasury warns in the nation’s fiscal blueprint. While Treasurer Jim Chalmers said Australia was well placed to weather headwinds blowing…...

3+ mon, 4+ day ago   (622+ words) Higher rates and affordability pressures are threatening to push the housing market into a decline, with prices in the two biggest cities already on the slide. Australia is on the cusp of a housing market downturn as interest rates and…...