The federal government will fund an additional 20,000 fee-free TAFE places in next week’s budget in an effort to boost a chronic shortage of tradies plaguing Australia’s construction sector. Labor will invest a total of $90.6m for an extra 15,000 free TAFE and VET places and 5000 pre-apprenticeships to increaseContinue Reading
Labor is “catastrophically failing” to meet the challenge of Australia’s worsening housing crisis, the Greens say, after a new government report revealed massive issues in the system. The National Housing Supply and Affordability Council has handed its inaugural State of the Housing System annual report to Housing Minister Julie CollinsContinue Reading
Since the RBA first started raising interest rates in May of last year, many Australians have been waiting for the other shoe to drop. Amid the largest and fastest relative tightening of monetary policy in Australian history and warnings from the Reserve Bank that 14.6 per cent of borrowers wouldContinue Reading
Since before the RBA began raising interest rates in May last year, analysts and commentators have been attempting to predict the peak of the cash rate and when interest rates would start coming down. Over the past two years, that task has been more than a little bit challenging. FromContinue Reading
The fate of RBA governor Philip Lowe will be revealed in a matter of weeks, with Treasurer Jim Chalmers to announce if he will be given a second term in the top job in July. Dr Lowe – who has come under fire over the last year for raising interestContinue Reading
Reserve Bank Australia’s boss Philip Lowe isn’t just trying to rein in Aussies’ spending by jacking up interest rates – he’s also trying to “psychologically” manipulate us. Jawboning, as it’s known, refers to when powerful figures such as politicians or central bankers use their speech try to influence behaviour andContinue Reading
NSW Premier Dominic Perrottet has called on the banks to think twice before passing on Tuesday’s Reserve Bank (RBA) rate hike, imploring financial institutions to “look after” struggling families. Australia’s interest rate now sits at 3.35 per cent after the RBA hiked rates by 25 basis points in its ninthContinue Reading
Since the RBA first began raising interest rates in May last year, it has come under a great deal of criticism for raising rates much earlier than its previous commentary had suggested. The broader narrative was that it was highly unlikely that the RBA would raise interest rates before 2024.Continue Reading