Gen Z’s uni rant strikes a chord
2024-03-26
A student who had no idea her university debt would surge has lashed Australia’s “broken” HECS system – declaring it’s becoming “impossible” for Gen Z to go to uni. Source linkContinue Reading
Gold, oil stocks weigh down Aussie sharemarket on Friday
2024-03-22
The Australian share market fell on Friday, led by drops in energy and mining stocks, but overall the ASX 200 ended the week 1.3 per cent higher thanks to strong gains on Thursday. The benchmark ASX 200 index lost 11.4 points, or 0.15 per cent, to finish the session atContinue Reading
Mobile phone plans for Vodafone customers increase in latest price hike
2024-02-21
Vodafone customers could be forced to pay up to $48 more per year for their mobile phone plan following the latest price hike in the telecommunications industry. Customers received an email on Wednesday afternoon notifying them of a $4 increase to their mobile plan, which would come into effect onContinue Reading
Inflation eases in December quarter signalling February reserve bank rate hold
2024-01-31
Inflation eased in the December quarter to its lowest level in two years, all but guaranteeing the Reserve Bank keeps rates on hold when its board meets next week. The consumer price index, a gauge of the prices individuals pay for a broad range of goods and services, eased toContinue Reading
Most of the Australians negatively impacted by Anthony Albanese’s tax cut backflip aren’t ‘rich’, expert claims
2024-01-24
Australians who will miss out on generous tax cuts aren’t mostly wealthy company bosses or bankers, but ordinary hardworking tradies and small business owners, one economic commentator argues. Prime Minister Anthony Albanese today confirmed the government will water down Stage 3 tax cuts, taking money from those on higher incomesContinue Reading
Economists issue rate cut warning over the controversial Stage 3 tax cuts; Treasurer Jim Chalmers
2024-01-11
The scheduled stage three tax cuts could stop the Reserve Bank from cutting interest earlier, economists have cautioned, amid warnings the controversial changes will pump billions of dollars of additional spending into the economy, inflaming price pressures. The tax changes, which were legislated by the Morrison government in 2019 andContinue Reading
ABS Consumer Price Index: Inflation eases in November to near two-year low
2024-01-10
Inflation’s broad slowdown continued in November, easing borrowers’ fears of a further interest rate increase at the Reserve Bank’s February meeting. The latest consumer price index figures showed annual inflation slowed to 4.3 per cent in November, down from October’s 4.9 per cent increase, the Australian Bureau of Statistics saidContinue Reading
How much money Aussies need to earn in order to feel rich has been revealed
2024-01-04
New research has revealed exactly how much money Australians need to make before they feel rich – and it’s no small sum. Financial comparison website finder.com.au conducted a survey that determined people would need a salary of $345,819 before they felt affluent. Unfortunately, that’s considerably more than the average personalContinue Reading
Prime Minister Anthony Albanese hints at limited cash splashes, budget sweeteners in 2024 budget
2024-01-03
While cost-of-living support remains the government’s No.1 priority, Anthony Albanese says Australians should not expect cash handouts and sweeteners to relieve the pressure on households. The Prime Minister said he had asked the Treasury and Department of Finance to devise ideas that could be announced in the May federal budget;Continue Reading
MYEFO: Price of Aussie passports to be increased, detail buried in Mid-Year budget update
2023-12-13
Australians will soon be paying more for their travel documents as the government gets creative on how to claw back the increased cost of producing passports. The Australian passport is already one of the most expensive in the world but will go up in price twice in 2024. The costContinue Reading