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Reserve Bank leaves interest rates on hold for now

Australian households have received some rare good news with the Reserve Bank voting unanimously to leave the cash rate target unchanged at 4.35 percent. Despite this,

Australian growth falters in accelerating world

Australia was one of only five G20 countries to experience weakening economic growth in the first quarter of 2026. Figures released by the OECD last night showed that

Industry says tax changes will mean 9000 fewer homes

Proposed tax changes will result in fewer homes being built at a time when Australia desperately needs more, a peak property group said today. The Property Council, in

‘Staggering’ jump in the cost of building an apartment

Houses in Queensland are shrinking in size but costing more, and the state now has the highest costs for building new apartments on the East Coast. A Master Builders

Retirement decisions becoming harder in fragile system

Longer life expectancy, rising living costs and market instability are putting increased pressure on retirees trying to achieve sustainable income. Many are likely to

Global economies are teetering on the brink

The world’s major economies are delicately balanced, with prospects highly dependent on the speed of resolving the Middle East conflict. The OECD’s latest Economic

Average Australians facing a ‘per capita’ recession

By Stella Huangfu Australia’s economy grew by 0.3 percent in the first three months of 2026, slowing from 0.9 percent growth at the end of 2025, according to the

Australia records first trade deficit in almost a decade

Australia’s trade in goods and services has fallen into deficit for the first time since the December quarter 2017. This comes off the back of falling exports of

Minimum wage goes above $1000 a week for the first time

Australia’s minimum wage has risen above $1000 per week for the first time, with 2.7 million workers being granted a pay increase. The Fair Work Commission increased

Farmers facing 70% drop in profits in 2026-27

Australian Farmers are facing a 70 percent drop in profits next financial year off the back of higher costs and lower production. Australian Bureau of Agricultural and

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