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Households still try to ‘keep up with the Joneses’

The idea of “keeping up with the Joneses” is still deeply embedded in the Australian culture. A new survey, released today by the Salvation Army, found 45 percent of

Billionaires raking in $67,000 an hour

Australian billionaires collectively lifted their wealth by $28 billion in 2024, according to research released today by Oxfam. The report said Australia’s 47

China’s economy avoids being Trumped

China’s economy appears to have deflected deep damage from President Trump’s tougher tariff policies. The Commonwealth Bank’s just-released China Economic Update

Newsreel will be back soon

Newsreel is taking a brief break over Christmas but will be back bigger and better than ever in 2026. Thanks for all of your support in 2025. We have attracted more than

Investment loans hit record numbers and value

The number of new investment loans in Australia has hit a three-year high. New Australian Bureau of Statistics (ABS) data showed new investment loans rose by 13.6

Annual wage growth steady at 3.4 percent

Annual wage growth was more than 3 percent in the September quarter, with the value of total wages and salaries paid by employers jumping by more than 5 percent,

Seaweed and beer the essence of friendship

South-east Queensland seaweed has been used to produce a “friendship” beer strengthening ties between the City of Moreton Bay and the Japanese city of

Gen Z losing hope of ever having financial security

More than half of Australia’s Gen Z cohort believe they will never achieve financial security in their lifetime. Results of the 2025 Australian Youth Barometer found

Record manufacturing numbers drive business turnover

Australian manufacturing recorded a record 7 percent increase in business turnover in September. The latest Australian Bureau of Statistics (ABS) data showed overall

ASIC warning over advice on self-managed super funds

A regulatory review of financial advice regarding setting up self-managed super funds (SMSFs) found more than quarter put Australians’ retirement savings at

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