Pauline Hanson has called back to her now-infamous claims Australia is being “swamped” by Asian immigrants as she renewed calls to halt migration. On the day new figures revealed Australia’s migration intake had surged to a record high of 548,800 arrivals in the year to September, threatening the government’s ownContinue Reading
Three-quarters of Australian home loan holders are worried about their mortgage repayments in the face of multiple “aggressive” rate hikes, a new report has revealed. The findings by finance research institute Mozo paint a bleak picture for families struggling to make ends meet, with many unaware of key details ofContinue Reading
Australians wanting to buy a house need 1.6 times the average income to avoid falling into housing stress, new analysis has revealed. Housing stress occurs when more than 30 per cent of earnings are spent on housing, and according to a new Redbridge poll, nearly half of voters are experiencingContinue Reading
A pivot from the Reserve Bank to scrap an explicit warning about further interest rate rises has the peak union body calling for the cash rate to be cut now. The central bank kept the cash rate on hold for a third straight meeting on Tuesday at 4.35 per cent,Continue Reading
An Australian bank has hiked interest rates for fixed and variable mortgages, days before the RBA convenes for its March meeting. Mortgage holders were given a brief reprieve over the past month with the RBA putting a pause on increasing the cash rate target at its February meeting. Despite this,Continue Reading
Australia should prepare itself to mourn the death of the middle class as the once-famed land of opportunity and birthplace of a fair go transforms into a state where the only way to get ahead is to have rich parents. That’s the warning from economists, investment experts and social servicesContinue 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
The Reserve Bank’s November rate hike was “overkill”, economists have cautioned, after fresh GDP data revealed a sharp decline in household spending on non-essential items such as cars, clothes and eating out in the final three months of 2023 Economic growth slowed to a crawl in the December quarter, theContinue Reading
Melbourne hairdresser Crystal* is one of a growing number of women using sex work to supplement their income as a result of the rising cost of living. Inflation, interest rates, rent hikes, petrol prices and groceries – there’s not a single corner of the market where Aussies aren’t forking outContinue Reading
It’s a tenth of the price of a home in Sydney and sits on a mammoth parcel of land that would fit several inner-city terraces on it, but you will need to bring your own oven. This is one of Australia’s cheapest homes – a two-bedroom dwelling on a 1000Continue Reading