Wealthy residents in some of Australia’s ritziest suburbs saw their already bloated incomes surge by a staggering $90,000 in just a single year, new data reveals. As the country began its recovery from the Covid pandemic, figures released yesterday show the most well-heeled enjoyed a very lucrative return to businessContinue Reading
A stark summary of what life is like for young adults in Australia these days amid the soaring cost-of-living, housing crises and economic inequality has gone viral. A sharp and to-the-point assessment of the “extremely difficult” situation facing Millennials, delivered by Russel Howcroft, an advertising guru and panellist on theContinue Reading
Opposition Leader Peter Dutton has edged out Prime Minister Anthony Albanese as the preferred leader as recent polling shows support for Labor is decreasing on critical issues. It’s the first time Mr Dutton has eclipsed Mr Albanese as the preferred prime minister in the Resolve Political Monitor, the surveys regularlyContinue Reading
More Australians are eating out of bins and skipping meals to be able to afford housing, with one struggling mother revealing she barely eats one meal per day. “I go without a majority of the time. I’d barely eat one meal a day,” Ann told A Current Affair. She saidContinue Reading
Anthony Albanese’s ambitious plan to build 1.2 million new homes over the next five years has been declared as dead in the water – before it even officially commences. One of the Federal Government’s signature policies led to the establishment of a National Housing Accord between the states and territoriesContinue Reading
Households hoping for additional cost of living relief in the May budget could be disappointed with Treasurer Jim Chalmers set to hose down expectations of cash splash due to weaker revenue windfalls. In each of Labor’s first two budgets, the bottom line has benefited from more than $100bn in revenueContinue Reading
While many people are struggling to afford their mortgages or scrounging to get into the property market, new analysis reveals one in four Australian homes were bought in cash. Data from Property Exchange’s (PEXA) 2023 Cash Purchases Report found more than a quarter of sales across NSW, Victoria and QueenslandContinue Reading
One in six Australians have resorted to using credit cards to cover the cost of everyday expenses, as the cost-of-living crisis continues to push household budgets. New research found 27 per cent of Australians were doing it tougher than ever before, however that financial pressure was more concentrated in SouthContinue Reading
One in six Australians have resorted to using credit cards to cover the cost of everyday expenses, as the cost-of-living crisis continues to push household budgets. New research found 27 per cent of Australians were doing it tougher than ever before, however that financial pressure was more concentrated in SouthContinue Reading
Finding a rental in Australia can be tricky enough – then there’s the challenge of paying for it. The nation’s housing shortage has been laid bare by startling figures revealing which suburbs are set to feel the pain the worst. News Corp, using Suburbtrends data, took a deep dive intoContinue Reading