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Small business owner closing cafe from financial crisis

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

Inflation down but price pressure still running high

Annual inflation fell in April this year, taking some pressure off households who are being smashed by high interest rates and ongoing cost burdens. The Consumer Price

Housing was already slumping before the Federal Budget

By James Graham To say this year’s Federal Budget has ruffled some feathers would be an understatement. The Albanese government announced major reforms to two tax

Winter crops impacted by weather and high costs

Australia’s winter crop is expected to be reduced this year off the back of mixed weather and increased input costs. Queensland is expected to have the biggest

Households cut back on recreation and travel spending

It looks like holidays at home this year as high fuel prices and economic uncertainty start to bite family recreation and travel plans. The Commonwealth Bank’s

RBA sends clear but uncomfortable signal to households

By Stella Huangfu The Reserve Bank of Australia (RBA) has lifted the official cash rate by another 25 basis points, the third hike this year as it struggles to keep

Queensland home ownership falls to historically low levels

By Shane Rodgers Queensland has one of the nation’s lowest levels of home ownership in a market grappling with cost pressures, mismatched supply and low rental

Families hit again on interest rates in shaky economy

By Shane Rodgers The Reserve Bank is continuing to use interest rates as a blunt instrument against inflation, lifting the cash rate target by another 25 basis points

Australia’s inflation moves into danger zone

Australia’s inflation struggles are continuing with the Consumer Price Index rising 4.6 percent in the year to March off the back of fuel cost blowouts. The annual

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