New figures have revealed why Australians are still happy to change employers, with job mobility rates still at their highest record in a decade. The Australian Bureau of Statistics (ABS) on Friday released their Participation, Job Search and Mobility report, covering the 12 months to February. The mobility rate remainsContinue Reading
More than 700,000 people are expected to move to Australia by the end of next year, adding to the squeeze on the nation’s already very tight rental market. The Albanese government’s second budget handed down on Tuesday night is forecasting a temporary migration boom reflecting a “one-off” catch up afterContinue Reading
Inflation will decline faster than expected as the economy strains under the weight of rapid rate rises, the cost of living, and soaring rents, according to the Reserve Bank of Australia. The national bank’s latest economic update, released just days out from the federal budget, confirmed inflation had peaked, butContinue Reading
A red hot labour market is expected to put pressure on the Reserve Bank to hike interest rates at its next board meeting. The unemployment rate remained steady at its near 50-year low of 3.5 per cent in March after 53,000 jobs were added to the market. Economists had widelyContinue Reading
The national rental vacancy rate is at its lowest level since 2018, reflecting a further tightening of an already scarce rental market. The capital cities experienced a 0.1 percentage point drop in the vacancy rate in February to now sit at 1.43 per cent, according to the latest PropTrack MarketContinue Reading
As Australians grapple with the increasing cost of living and the looming threat of further rate rises, Westpac has made a surprising prediction. The big bank published a weekly report on Monday that forecast seven interest rate cuts in 2024 and 2025. The welcome news for homebuyers and homeowners wasContinue Reading
Russia has invaded a neighbouring country, seen more than 100,000 of its soldiers die, been shunned by a large chunk of the international community and been exposed to some of the world’s toughest sanctions – and still its economy is doing better than Britain’s. An update on the world economicContinue Reading
The Australian share market looks set to continue to rise after hitting a five-week high on Thursday. The ASX 200 index is expected to open 0.5 per cent higher on Friday morning — which would be the seventh time in eight days it has risen. All 11 sectors rose onContinue Reading
Property experts have revealed the “hottest” suburbs going into the New Year – including a scenic seaside location where homes are as cheap as $350,000. Realestate.com.au’s first “Hot 100” list released on Thursday, compiled by industry experts including Ray White managing director Dan White and PropTrack economist Anne Flaherty, identifiesContinue Reading
Reserve Bank governor Philip Lowe has apologised to Australians who may regret taking out a home loan off the back of guidance that interest rates would remain unchanged until 2024. Appearing before a Senate estimates hearing on Monday morning, Dr Lowe said it was “regrettable” that the RBA did notContinue Reading