AAP
Australians are ‘furious’ about inflation: RBA deputy
9 September
Australians are “furious” about inflation and it will take the nation years to fully get on top on higher post-pandemic living costs, the Reserve Bank’s deputy governor says. Ahead of the central bank’s meeting later this month on interest...[Read More]
Cold start to nation’s normally hot home sales season
9 September
Australia’s peak property season has opened with a whimper, featuring low stock and lacklustre auction success rates. Capital cities hosted just 1462 auctions in the first week of spring – more than 30 per cent down on the figure for a year...[Read More]
AI boom forecast as Australia’s biggest bonanza yet
9 September
The adoption of artificial intelligence is rocketing in Australia, creating massive demand for infrastructure that will deliver jobs and economic benefits. The nation was at the “cusp of a data centre boom”, Oxford Economics head of economics...[Read More]
Four in five businesses still on residential NBN plans
9 September
More than four in five Australian business still run their systems on residential internet plans, despite rapidly evolving technology offering faster options. Reliable, fast system access is essential for Project Epic, which provides disability...[Read More]
Property market to face ‘deeper correction’, bank warns
2 September
Australia’s largest home lender has warned property prices could fall in capital cities by 10 per cent, with the downturn faster and broader than expected.The Commonwealth Bank said in a housing update it expects a deeper correction in the...[Read More]
Small-business owners, women worried about golden years
2 September
Almost three million Australians are expected to retire over the next decade, but not everyone is heading toward their golden years with confidence.Many are still thinking about their “number” – the preferred size of their superannuation pot...[Read More]
Treasury tips AI as key driver of productivity growth
2 September
Artificial intelligence could be the ticket out of stunted economic growth while risking the future of increasingly high-skilled jobs, according to Treasury advice.In a brief handed to the treasurer, AI has been characterised as a tool which could...[Read More]
Inflated charges: push to make landlords pay gas bills
2 September
Australian renters are being slugged almost $440 million a year to stay connected to gas, analysis has shown, even though landlords control whether their properties remain on the network.Rewiring Australia released the finding on Friday and called...[Read More]
Foreign property purchases fall as home buyer ban bites
26 August
Purchases of Australian property by overseas investors have plunged after the government announced a ban on foreigners buying Australian homes.The number of investment approvals fell by more than 22 per cent to 5284 in 2024/25, the Productivity...[Read More]
Modular homes rollout to hasten build times, cut costs
26 August
A modular home factory will receive $120 million in taxpayer backing to turbocharge the fledgling industry and solve Australia’s housing shortage.The investment in Built Living – a 50:50 joint venture between Australian contractor Built and...[Read More]
Retirement savings to be ‘decimated’ under early access
19 August
Workers being able to access their superannuation early would destroy their retirement earnings, the treasurer has warned, following calls by Pauline Hanson.The One Nation leader has called for a relaxation of rules that would allow people to...[Read More]
Early days but a door is opening for first home buyers
19 August
A dive in new home loans to property investors is an “encouraging sign” Labor’s changes to negative gearing and the capital gains discount are working as intended, Treasurer Jim Chalmers says.The number of investor loans fell 8.6 per cent in...[Read More]
AI boom, productivity malaise making RBA’s job harder
19 August
The surge in artificial intelligence investment and Australia’s sluggish productivity growth rate are forcing the Reserve Bank to keep interest rates higher, a top central bank official says.Speaking two days after the RBA kept the cash rate...[Read More]
House-hunters face spring sale shortage in market slump
12 August
Would-be home buyers hoping to snag a bargain could face a shortage of options during the usually busy spring sales season as owners try to ride out a price slump.Auction clearance rates have rebounded from recent multi-year lows, rising to a...[Read More]
‘Put people first’: landmark AI probe to set guardrails
12 August
A national-first royal commission will investigate the dangers and benefits of artificial intelligence in society as a premier pledges to get the balance right. South Australian leader Peter Malinauskas announced the inquiry on Monday after...[Read More]