economy
Rate cuts on horizon in mixed 2025 for the economy
1 January
Australians have endured taxing economic conditions in the past calendar year, but there is cause for cautious hope in 2025. Long-awaited interest rate cuts are broadly expected in the first half of the year, providing household budgets with...[Read More]
Short trips, cheaper grub: tight budgets change travel
1 January
Booking hotels and tickets well in advance has long defined Australian travellers but as household budgets come under stress, last-minute trips and spontaneity are becoming more popular. Amid high prices for groceries, housing and other essentials,...[Read More]
‘Surprise’ budget windfalls drying up, economists warn
27 November
Australia is waving goodbye to budget surpluses and returning abruptly to deficit, facing a $49 billion deterioration in the bottom line as per forecasts from leading economists. The $15.8 billion surplus logged in the last financial year to...[Read More]
Australian investment eyed for Peruvian mining pipeline
30 October
Peru is looking to Australian companies for hundreds of millions of dollars for critical mineral investment with 51 projects having a combined $US55 billion revenue potential in the pipeline to 2035. Peru’s Energy Minister Romulo Mucho says China...[Read More]
Stage three tax cut spending spree yet to surface
17 October
Tax cuts don’t appear to be fuelling shopping sprees, with transaction data suggesting extra take-home pay is going towards staples and paying down debt. Footy finals were the only bright spot in an otherwise glum September for spending, with...[Read More]
Australia may miss billions in green Chinese investment
2 October
Australia has the potential to tap into billions of dollars of renewable energy investments from China but only if it changes foreign investment policies and its approach to the superpower nation. Think-tank Climate Energy Finance issued the...[Read More]
Signs of slow build back with home approvals sluggish
31 July
A sharp fall in approvals for apartments and townhouses has dragged total building approval numbers lower, interrupting four months of gains. Higher interest rates and pricey materials, labour and other costs have been weighing on home building,...[Read More]
Few plan to spend tax returns as economy stalls
12 July
Just one in 20 Australians plan to splurge on big-ticket items when their tax returns come through, with most opting to squirrel them away or pay down debt. Amid acute cost of living pressures and a string of interest rate rises, surveying by...[Read More]