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
Hooters has abruptly closed dozens of “underperforming stores” across the US as cost-of-living pressures continue to affect spending habits. The chicken wings brand, best known for its skimpy uniforms, cited “pressure from current market conditions” for its decision to close an unspecified number of diners. Roughly 40 of the 300Continue Reading
Almost 14.4 million Australians are expected to be in work by mid-year, more than 105,000 than previously forecast, as the nation’s red-hot jobs market continues to defy a broader economic slowdown. But economists have warned that the firmer-than-expected jobs numbers means Treasurer Jim Chalmers should redouble his focus on reducingContinue Reading
The Victorian government is “creating the conditions needed” for 800,000 new homes while scrapping a shared equity scheme for first home buyers. The scheme received a $700m injection in Tuesday’s budget, following a $500m boost in September. But Tuesday’s budget reveals the shared equity scheme – where a first homebuyerContinue Reading
A union has called out a “troubling” lack of transparency plaguing Australia’s higher education sector after revealing more than one in four positions on university boards are filled with representatives from the corporate mining and finance industries. National Tertiary Education Union (NTEU) research has revealed that of the 545 councilContinue Reading
Australia’s record immigration intake is largely being fuelled by an unprecedented influx of international students, which universities claim are Australia’s fourth-biggest “export” bringing in $40 billion a year. But some experts have long questioned that figure, produced by the Australian Bureau of Statistics (ABS), arguing it does not take intoContinue Reading
Political parties and lobby groups pulled in millions of dollars in political donations in the 2022-23 financial year, with Clive Palmer’s Mineralogy the biggest donor. The Australian Electoral Commission published the annual political returns on Thursday, revealing Mr Palmer’s company donated more than $7m across 10 payments to the billionaireContinue Reading
Celebrating Australia Day either makes you a “wanker” or a patriot, while ignoring it is a sign of a respect for Indigenous people or evidence you’ve been “indoctrinated”, depending on who you ask. Arguments on both sides of the January 26 debate have grown increasingly hostile and divisive in recentContinue Reading
The powerful people who control the purse strings of Australia’s biggest companies are worried about what lies ahead next year, coinciding with a warning the economy has “hit a wall”. Consulting firm Deloitte released its biannual CFO Sentiment Report today, which takes the pulse of big business by surveying 84Continue Reading
A KPMG associate director accused of “headbutting” a builder who was renovating his $2.3m property has had the charge against him dismissed. Daniel Dunkley, 45, faced Downing Centre Local Court on Friday charged with common assault over the incident on Wednesday, August 24, 2022. The alleged victim, Alexander Houlton, wasContinue Reading