Economy

Surveyor on road. | Newsreel

Government purse props up national GDP

Australia’s gross domestic product (GDP) ticked up by 0.3 percent in the September quarter, as public investment leapt by more than six percent. The latest Australian
Read more 4 December 2024
Woman worried about bills. | Newsreel

More Australians have cost of living concerns

Almost 40 percent of Australians have struggled to pay their rent or mortgage in the 12 months. A survey by Master Builders Australia, conducted less than three weeks
Read more 4 December 2024
Steak dinner. | Newsreel

Red meat raises the stakes as exports surge

Australian red meat exports are on track to set new records this year, jumping by more than 10 percent in 12 months. The latest data from the Australian Bureau of
Read more 4 December 2024
Goat farmer. | Newsreel

Update to Australian Core Skills Occupation List

Calling all goat farmers, print journalists and tour guides. Australia needs you. The trio of professions are among the more than 450 occupations listed on the Federal
Read more 4 December 2024
Scenic Rim, Queensland, Australia.

City exodus to regions higher than during COVID

The COVID-induced stampede of city dwellers moving to the regions has not slowed, with Australia’s eastern states the major beneficiaries. The latest Regional Movers
Read more 4 December 2024
Container ship at sea. | Newsreel

$3.3 billion trade surplus lowest since 2018

Australia’s trade surplus fell to its lowest level in more than six years, as the country’s current account balance registered a deficit of $14.1 billion in the
Read more 3 December 2024
AI is not yet taking jobs or impacting wages - Newsreel

AI not impacting job numbers or wages … yet

An OECD study has found that, so far, there is little evidence that artificial intelligence (AI) has reduced the number of jobs available or impacted wages. The latest
Read more 3 December 2024
Family looking at apartment construction.

Apartment developments mask drop in housing approvals

Housing approvals have come off the boil, with a surge in apartment development approvals propping up the October numbers. The latest Australian Bureau of Statistics
Read more 2 December 2024
Worker on broccoli farm. | Newsreel

Blitz on Gatton farms targets shadow economy

Federal Government officers have raided farms in Gatton, west of Brisbane, following reports of worker exploitation. Australian Taxation Office (ATO) Assistant
Read more 30 November 2024
Man about to board a plane

Energy use climbing again following pandemic lull

Australia’s net energy use has increased for the first time since before the pandemic. New figures from the Australian Bureau of Statistics (ABS) show 2022-23
Read more 30 November 2024