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News
Over half of Australians surveyed don’t know how the RBA is fighting inflation – making it harder to beat
1+ hour, 42+ min ago (1029+ words) Tomorrow we’ll get the latest figures on inflation in Australia. That data will be critical in helping the Reserve Bank of Australia decide whether to lift interest rates again next month. Answering questions at a lunchtime speech today, RBA Governor…...
52% of Aussies expect Census 2026 to show they’re financially worse off than 5 years ago – new survey reveals
1+ day, 6+ hour ago (877+ words) Most Australians feel financially worse off. More than half of Australians expect the 2026 Census to show their household is worse off financially than five years ago. Housing costs are the biggest burden. Rising mortgage repayments and rents have outpaced incomes,…...
Australia’s Housing Boom Ends as First Quarterly Price Fall in More Than Three Years
6+ day, 18+ hour ago (851+ words) Combined capital city house prices fell 1.4% and unit prices 1.2%, recording their first quarterly decline in more than three years according to Domain's latest House Price Report Sydney house prices dropped 3.3% recording their largest quarterly decline since 2022. Adelaide house prices surged…...
Hard Work Won’t Make You Rich Anymore – Here’s What Will
1+ week, 4+ day ago (1414+ words) The rules of money changed, and most people didn’t notice. Since currencies moved off the gold standard, money can be created freely, eroding purchasing power over time. Hard work alone no longer guarantees financial progress. Inflation quietly destroys wealth. It’s…...
Australian home prices fell in June | Latest PropTrack Home Price Index
3+ week, 6+ day ago (975+ words) National home prices have fallen for the third month running, declining by 0.3% in June. Despite the monthly drop, they remain 5.8% higher compared to a year ago. Capital cities drove the decline, dipping by 0.4% over the month. Regional areas, in contrast,…...
Could Australia Really Halve Income Tax? The Demographics Suggest It’s Not As Crazy As It Sounds
1+ mon, 1+ week ago (1595+ words) Australia's tax system is becoming increasingly reliant on fewer workers. More than half of federal government revenue comes from income tax, yet Australia's workforce is shrinking relative to the number of retirees. An ageing population will put growing pressure on…...
RBA June Meeting delivers unanimous hold – Its focus now shifts on what comes next.
1+ mon, 1+ week ago (1153+ words) In a unanimous decision, the RBA’s Monetary Policy Board left the cash rate unchanged at 4.35%. After 75bp of hikes, the Board acknowledges that “…financial conditions are now tighter than they were, and there are signs that the economy is slowing as…...
Experts tip a cash rate hold in June
1+ mon, 2+ week ago (1781+ words) 97% of experts expect the RBA to hold the cash rate at 4.35% in June. More than half of panellists expect at least one more hike this year. 61% would advise a new borrower to choose a variable rate over fixed. The RBA…...
Why Australians Are More Miserable Now Than During COVID – and What It Means for Property Investors
1+ mon, 2+ week ago (1517+ words) Australian consumer sentiment has fallen to 80.6 on the Westpac-Melbourne Institute index, among the weakest readings in the survey's 50-year history Life satisfaction has dropped below pandemic-era lows, with more than one in three Australians struggling on their current income Cost…...
Has the RBA Finally Finished Raising Interest Rates?
1+ mon, 2+ week ago (873+ words) The Reserve Bank lifted the cash rate to 4.35% in May, its third hike in a row Monetary policy is now well placed to monitor the impacts of the conflict in the Middle East on the Australian economy, according to the…...