Economy

Aerial view of housing. | Newsreel

First step on path to 1.2 million homes

A five-year journey to build 1.2 million new homes through a $32 billion national program begins today. The National Housing Accord, agreed to by all Federal, State and
Read more 2 July 2024
Australian working holiday visas on the rise - Newsreel

Working holiday visas on the rise again

Young people on working holiday visas are returning to Australia en masse after numbers dwindled dramatically during the pandemic. An OECD report on regional migration
Read more 1 July 2024
Iron ore train. | Newsreel

Commodity prices to fall after invasion spike

Commodity prices have normalised, following a spike brought on by Russia’s invasion of Ukraine, leading to a predicted drop in Australia’s resources and energy
Read more 1 July 2024
Change ahead graphic

July 1 changes. What you need to know

Monday is July. More specifically it’s July 1 and a raft of changes come into effect that signal the start of a new financial year. Newsreel has done the hard work for
Read more 1 July 2024
Queens Wharf Brisbane | Newsreel

August opening date for Queen’s Wharf

The first phase of the Queen’s Wharf entertainment precinct, on the banks of the Brisbane River, will open in August. Star Entertainment Group announced on the
Read more 30 June 2024
Woman using phone to pay in shop. | Newsreel

Mobile payments surge past cash withdrawals

The value of purchases made with mobile phones in Australia has passed the amount of cash withdrawn from ATMs. A new report from the Australian Banking Association (ABA)
Read more 29 June 2024
Suncorp building Brisbane. | Newsreel

ANZ-Suncorp deal to boost disaster resilience

Federal Government approval of the ANZ purchase of Suncorp’s banking operations will mean a boost to Queensland’s disaster resilience. State Treasurer Cameron Dick
Read more 28 June 2024
Image with coin piles and house. | Newsreel

Hot property lifts wealth by $1.5 trillion

Rising property prices continue to fuel growing household wealth in Australia. The latest Australian Bureau of Statistics (ABS) statistics, released today, show
Read more 27 June 2024
Australian bank ATMs. | Newsreel

New banking code enhances protections

A new Banking Code of Practice will see changes to the definition of a small business and expand financial difficulty provisions. The Australian Securities &
Read more 27 June 2024
Inflation target remains elusive - Newsreel

Inflation spikes to 4.0 percent

Australia’s inflation rate once again has a 4 in front of it. The latest Australian Bureau of Statistics (ABS) data shows the monthly Consumer Price Index (CPI) rose
Read more 26 June 2024