Economy

Young people paying the bill at cafe. | Newsreel

Aussie shout over as youth split from tradition

The great Aussie shout is under threat, with more young Australians splitting bills when they go out, in response to the cost-of-living crisis. New NAB Economic data
Read more 3 August 2024
Woman looking at bills. | Newsreel

Households ease back on spending in June

Australian consumers returned to tightening their belts in June, with spending falling for the first time since March. Australian Bureau of Statistics (ABS) data
Read more 2 August 2024
Brisbane CBD aerial. | Newsreel

Brisbane CBD vacancy rate at 10-year low

Brisbane’s inner-city office space is in high demand with vacancy rates the lowest in more than 10 years. The latest Property Council’s Office Market Report shows
Read more 1 August 2024
Young person worried. | Newsreel

Financial security out of reach for Australian youth

More than half of Australia’s youth believe they will be worse off than their parents, with many doubting they will find financial security in the future. The 2024
Read more 1 August 2024
Women shopping for vegetables. | Newsreel

Fruit and vege prices drive inflation to 3.8 percent

Housing and food prices, including a more than six percent rise in the cost of fruit and vegetables, drove a one percent rise in the Consumer Price Index (CPI) last
Read more 31 July 2024
McDonalds experienced a rare fall in sales over the past 12 months - Newsreel

Maccas hit with rare global sales drop

McDonalds has experienced its first global sales drop in four years as the post-pandemic cost-of-living roller coast continues. The food giant reported that global
Read more 31 July 2024
Woman worried about credit card. | Newsreel

High-interest cards cost Aussies over $468m

Australians cost themselves more than $468 million over the past six years by not switching to low-interest credit cards. A new Australian Securities & Investments
Read more 30 July 2024
Dwelling approvals slump as renovation booms - Newsreel

Dwelling approvals slump to a 12-year low

Dwelling approvals have fallen to the lowest level in more than a decade despite the ongoing housing supply crisis. At the same time, renovation spending hit an all-time
Read more 30 July 2024
Ai v person in chess. | Newsreel

AI learning can give highly-skilled an edge

Highly skilled workers have been advised to embrace artificial intelligence (AI) to enhance their skills and gain a competitive advantage. A new study by the University
Read more 30 July 2024
OECD report says employers becoming less reliant on formal qualifications.

Surprise shift in global hiring practices

Employers are spending more time validating the acquired skills of potential employees rather than relying on institutional or formal qualifications. This is helping to
Read more 30 July 2024