First-time home buyers who have been locked out of the property market where they live are buying houses in other states and becoming landlords instead. Karen Nguyen, who is in her 20s, works full-time for a tech start-up and is one of those young Aussies who has gone interstate toContinue Reading
Stage 3 tax cuts will fatten the wallets of all Australians, but an economist is warning the new taxation landscape contains dangerous inflation risks that could pummel mortgage holders with higher interest rates. It all hangs on how families decide to spend their uptick in wealth, Dr Nalini Prasad fromContinue Reading
Opposition Leader Peter Dutton has been accused of “fuelling Islamophobia” in Australia by warning about the possible influence of “Muslim candidates” in the next term of parliament. During a press conference in Queanbeyan, New South Wales on Thursday morning, Mr Dutton was asked about comments Prime Minister Anthony Albanese madeContinue Reading
A beloved Sydney wellness brand has shocked fans with the news it will cease operations for good this weekend after more than a decade. Orchard St., founded by naturopath Kirsten Shanks, has been a pioneer of the city’s plant-based eating and herbal medicine scene since 2012, with cafes and dispensariesContinue Reading
A leading analyst has revealed the impact a feared interest rate rise would have on Australia’s property markets, declaring “some cracks are already showing”. The monthly measure of inflation for the year to May, released last week, hit four per cent, which was above expectations and marked the highest rateContinue Reading
Major changes to income tax, superannuation and the minimum wage came into effect on Monday, with Aussies set to have more money in their coffers – now, at tax time and at retirement. From this week, the implementation of stage 3 tax cuts will increase workers’ regular pay, while moreContinue Reading
Australians are extending the length of their mortgages in a desperate bid to bring down ever-increasing repayment amounts, but experts have warned it’s a short-term fix that could cause long-term pain. New Finder research suggests 429,000 borrowers have added years to the length of their loan term in an attemptContinue Reading
Traders have bolstered their bets that the Reserve Bank will resume its run of interest rate increases, ascribing a more than 70 per cent chance of additional tightening by November. Speculation of another interest rate increase went into overdrive on Wednesday after hotter-than-expected inflation data, which came in at 4Continue Reading
Treasurer Jim Chalmers has ramped up his sell of Labor’s revamped tax cuts, releasing fresh analysis showing families are expected to pocket an average tax cut worth more than $3000 next financial year. The intervention comes as Opposition Leader Peter Dutton sharpened his attacks against Labor on Saturday, accusing theContinue Reading
Peter Dutton is putting the Liberal Party on an election footing, saying the party “can win, must win” back government after just one term in opposition. In an address to the Liberal Party Federal Council on Saturday, the Opposition Leader will outline how the party can beat the first-term AlbaneseContinue Reading