Australia Parliament Sits

Treasurer warns inflation could reach 5% this year

By Michelle Grattan Australia’s inflation rate could peak in “the high 4s or even higher” this year, according to Treasury modelling, Treasurer Jim Chalmers
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Reserve faces big issues in fight against toxic inflation

By John Hawkins The Reserve Bank of Australia (RBA) has lifted official interest rates for the second time this year as it struggles to bring inflation under control,
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Interest rates to rise despite the economic shocks

By Shane Rodgers Mortgage holders are facing more pain after the Reserve Bank decided to lift the cash rate a further 25 basis point to 4.1 percent. The Reserve Bank
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Economic growth slows across major world economies

Economic growth slowed across major economies in the final quarter of 2025, OECD data released overnight shows. The OECD figures revealed Gross Domestic Product (GDP) of
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Households winding back discretionary spending

Household spending has fallen for the first time in 17 months as cost of living pressures and rising interest rates hit hard. The CommBank Household Spending Insights
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consumer confidence - Newsreel

Consumer confidence hits 3-year low

Consumer confidence has hit the lowest level since 2023, while wages hold steady and the job market remains strong, according to surveys by major banks. The ANZ-Roy
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Qld house prices jump nearly 14% in a single year

The average price of a Queensland dwelling jumped by nearly 14 percent during 2025. In the December quarter alone, the average price of a dwelling in the state rose 4.8
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Motorists watching bowser with trepidation

By Samantha Hepburn Many Australians might be watching the price at the fuel bowser with more trepidation than usual. The crisis in the Middle East has caused global
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Global borrowings hit a record $27 trillion in 2025

Borrowings by governments and companies hit a record $US27 trillion in 2025, according to an OECD report released this week. The OECD Global Debt Report said debt
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RACQ says petrol prices unjust - Newsreel

South-East Queensland fuel hikes unjust – RACQ

The RACQ has called out major fuel retailers for pumping up their prices, saying the conflict in the Middle East should not be to blame. Queensland’s peak motoring
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