Economists say whether or not the Reserve Bank of Australia raises interest rates one more time after their monthly board meeting next week or not, Aussies will feel the pain for months to come. Australia’s central bank has hiked interest rates every month since May last year, with the exceptionContinue Reading
Australia’s Reserve Bank has revealed a slimmed down schedule that outgoing governor Phillip Lowe says will contribute to “better decision-making”. On Tuesday, the bank published its meeting schedule for 2024 outlining how its board will now meet every six weeks from February 5. The move comes after an independent reviewContinue Reading
Labor should not replace Philip Lowe with anyone closely linked to the government and risk the “sacrosanctity” of the position, Opposition Leader Peter Dutton has warned. The Reserve Bank governor’s term is up in September, and while it could be extended for another three years, it’s widely expected that TreasurerContinue Reading
Footage of the distressing moment a blind mum and her baby were forced to wait at the side of a busy road because of a thoughtless delivery driver has been posted online. If it weren’t for her guide dog, Ava, Dr Amy Kavanagh would have been left stranded in theContinue Reading
A frantic search for a missing two-year-old boy who went missing from his grandparents’ garden in France five days ago has tragically ended. French investigators announced they’re calling off search and rescue efforts after hundreds of police officers and volunteers scoured 97 hectares of land in a bid to findContinue Reading
An Australian university student who plunged six metres from a balcony while on a European trip, is now stranded overseas after sustaining life-threatening injuries from the fall. Sydney man Jacob Konaraki was selected by his university to go on an overseas excursion to Greece for an archaeology dig. After theContinue Reading
The opposition’s finance spokesperson says the government has “demonised” Reserve Bank governor Philip Lowe, and says it would be a “real shame” if he was axed. A day after the central bank left the cash rate on hold for only the second time since last May, Jane Hume praised DrContinue Reading
A Sydney rental is raising eyebrows for its “prison cell”-esque qualities despite having an asking price of $400 per week. The one-bedroom, one-bathroom studio – which appears to be the kitchen and bathroom backroom of a shop front – has sparked the ire of TikToker Rach McQueen. She pointed outContinue Reading
Some Sydney renters are facing the prospect of having to share a bedroom with one or two other roommates as the housing crisis shows no signs of abating. The shocking conditions being advertised in Sydney rental homes has sparked outrage online. It also means the worrisome prediction of Australia’s centralContinue Reading
Australia’s lowest-paid workers are celebrating the news that the minimum wage is rising considerably in line with inflation, but it could be bad news for everyone else. Industry bodies and economists have warned the pay boost could worsen the financial situation for millions of Australians — including the very peopleContinue Reading