Almost seven years after opening the doors of its first store in Greater Western Sydney, Burger Head has announced the closure of its remaining two stores. The cult-favourite burger chain had four restaurants across Sydney and three food trucks. Having recently closed its stores in Blacktown and Casula, the restaurantContinue Reading
House values are expected to surge by nearly 10 per cent from midway through next year as buyer demand drives up prices. Nationally, prices will jump by 4.9 per cent over the next nine months. And then after that, from June 2024 onwards, prices are set to rise 9.4 perContinue Reading
Economic contagion from China and soaring petrol prices pose significant risks to the Australian economy, the Reserve Bank has warned. Released on Tuesday, the minutes of the RBA board’s most recent meeting – at which it held the cash rate on hold at 4.1 per cent for the third consecutiveContinue Reading
A historic change is on its way to Australian banknotes as a final farewell to ousted Reserve Bank of Australia governor Philip Lowe. Dr Lowe, who was RBA governor from 2016, was unceremoniously ousted in July when the government decided not to renew his appointment. Michele Bullock, the first femaleContinue Reading
The Australian share market fell lower on Tuesday amid fervent speculation among investors ahead of the US Federal Reserve’s meeting on Wednesday afternoon local time. Further weighing on the local benchmark was the release of the Reserve Bank’s September meeting minutes that showed it considered raising rates to 4.35 perContinue Reading
The local benchmark was down across the board on Monday after a negative lead in from Wall St overnight. The S & P/ASX 200 closed 0.7 per cent or 48.6 points lower, to finish at 7,230.4, while the broader All ordinaries also fell 0.7 per cent or 54.5 points toContinue Reading
The Reserve Bank expects 140,000 people will lose their jobs by the end of 2025. And in just nine days time, Philip Lowe will be one of them. After a 43-year career at the country’s central bank and a seven-year stint as its head, outgoing governor Philip Lowe will soonContinue Reading
A relative of the couple at the centre of a tense saga with Commonwealth Bank over a supposedly missing sum of $90,000 has made an extraordinary new claim about what happened to the money. Ellie Houston, 21, and her partner Trae Murphy, 23, have claimed the funds disappeared from theirContinue Reading
Ousted RBA boss has used his final speech to drop a thinly veiled barb at governments across the country, warning the RBA alone cannot be responsible for the nation’s economic success. In a speech entitled ‘Some Closing Remarks’ in his annual address to the Annika Foundation in Sydney, the outgoingContinue Reading
The Reserve Bank’s decision to hold rates steady for a third consecutive month – in what was outgoing governor Philip Lowe’s final meeting – failed to lift the Australian share market on Tuesday. The S & P/ASX 200 was largely flat, falling just 0.06 per cent at the end ofContinue Reading