Finances

HomeFinances

Growth data reflects 90s recession numbers

The Australian economy grew slightly last quarter, with the annual growth rate the lowest in more than 30 years, excluding the pandemic. Latest data from the Australian

Current account deficit balloons to $10.7b

Australia’s current account deficit is the largest in six years, according to the latest Australian Bureau of Statistics (ABS) data. ABS Head of International

Rising cash distress in small business

Small business owners are feeling rising levels of distress as their cash flows are threatened by creditors becoming insolvent and their own ability to meet

Inflation eases despite fruit and vegetable pain

Inflation eased in July, with the monthly Consumer Price Index (CPI) at 3.5 percent, down from 3.8 percent in June, despite the largest annual jump in fruit and

COVID cash more effective than super access scheme

Increased income support during COVID-19 was two times more effective at stimulating spending and reducing financial stress than the early release of

Home ownership goal losing its appeal

Almost half of Australia’s young adults no longer list home ownership as a major life goal. New research from Macquarie University found young adults were delaying, or

City household fuel bills top $100 per week

The cost of transport for Australians rose by almost three times the rate of inflation last year, with most now paying more than $100 per week for fuel. New data from

Australia’s charitable nature trails other nations

While Australians will bequest more than $1 billion to charities this year, our rate of giving is less than many other wealthy nations. The latest Bequest Report from

Cost of living rise above inflation for every household

For the first time in more than 13 years, the cost of living for every Australian household has risen faster than inflation. The June 2024 quarter figures from the

RBA keeps interest rates on hold at 4.35 percent

Interest rates remain unchanged after the Reserve Bank of Australia (RBA) left the cash rate at 4.35 percent following its board meeting today. The RBA statement after

Subscribe to our newsletter

Newsletter