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Home sale volumes drop but more dwellings up for sale

House sale volumes have fallen by nearly 20 percent over three months, despite a big increase in homes listed for sale. The Savill’s October residential market report

Card surcharge change puts new pressure on inflation

By Fengfei Li Since Australia’s card surcharge ban took effect on October 1, social media users have questioned new “service fees” and “daily surcharges”

House price falls a correction rather than freefall

By Hal Pawson With national property values down by 5.2 percent in September from their March peak, Australia’s housing market is in a distinct downturn. This has

Price pressure waning despite 4% headline inflation

By Isaac Gross Australia’s headline inflation rate climbed to an annual rate of 4 percent in August, up from 3.5 percent, giving the Reserve Bank some vindication for

Gen Z turning to shares to secure future wealth

Almost half of new share investors are aged under 30 as Gen Z seeks new ways to build future wealth. NAB said account openings by this group on its nabtrade platform had

Rate hike is risky business for a faltering economy

By Stella Huangfu The Reserve Bank of Australia has raised the cash rate to 4.6 percent from 4.35 percent, taking the key rate to its highest level since late 2011 as

Interest rates lifted to a 15-year high of 4.6%

The Reserve Bank board has lifted interest rates by another 25 basis points (0.25 percent) to 4.6 percent, the highest point in 15 years. It warned that it would not

China no longer easy pickings for exports and students

By Christoph Nedopil For decades, China’s market of 1.4 billion people and extraordinary economic growth gave Australian exporters seemingly endless opportunities. The

Unemployment rises as people reactivate job ambitions

People who were previously not looking for work started moving back into the workforce as the job market tightened in August. Seasonally adjusted unemployment rose to

Half of the workforce are overqualified for their jobs

By Inga Lass Close to half of Australians believe they have more education than their job requires, a dynamic that is associated with lower job and life satisfaction. A

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