More pain brews for borrowers as rates hit 15-year high
1 October
Cash-strapped borrowers are being warned of more hikes to come by the Reserve Bank of Australia after it lifted interest rates to a 15-year high.In a unanimous decision, the central bank’s nine-member board lifted the cash rate target by 25 basis...[Read More]
Scam alert: Investment scams hiding in plain sight
1 October
What’s happeningInvestment scams don’t always start with an obvious sales pitch, they can be subtle. You might come across them in a social media group, through someone you trust, or on a convincing fake news website.Scammers use a range of...[Read More]
Headline inflation jumps back to four per cent
1 October
Australia’s annual headline inflation rate has climbed to four per cent as higher oil prices continue to filter through the economy.The consumer price index rose 0.4 per cent in August, the Australian Bureau of Statistics reported on Wednesday, a...[Read More]
Aussies forgoing lifestyle for homes in record numbers
1 October
Australians are willing to cut back their spending in record numbers to afford a property, affirming the ongoing value of home ownership, new data shows.More than 75 per cent of residents were willing to cut their spending back to afford a home, a...[Read More]
AI race sets up showdown for middle and global powers
1 October
Anthony Albanese’s face-to-face meeting with Donald Trump in New York during the UN General Assembly was fleeting.The prime minister was at the UN headquarters when the US president gave an almost 40-minute speech in which he threatened to...[Read More]
Debt concerns: treasurer’s era of cheap-money ending
30 September
Because everyone wants your money, you can charge them more for it.That’s the issue facing governments forced to pay investors more for borrowing cash in the form of bonds.The eye-watering sums being raised by artificial intelligence...[Read More]
Interest rates hit 15-year high as RBA hikes again, up 25 basis points to 4.6 per cent
29 September
The Reserve Bank of Australia has lifted interest rates to their highest level since 2011, putting more pressure on already cash-strapped borrowers.In a unanimous decision, the central bank’s board lifted the cash rate by 25 basis points to 4.6...[Read More]
Turning retirement dreams into a plan; The life we’ve been working towards – Part 1
24 September
For years, retirement can feel like something waiting somewhere in the distance. There are careers to build, mortgages to pay, children to raise and countless everyday commitments competing for attention. Then, almost unexpectedly, the conversation...[Read More]
Life after business: What do you want your exit to look like?
24 September
For many business owners, the business becomes far more than a source of income.It becomes part of your identity.It may have shaped your daily routine for 10, 20 or even 40 years. It may have supported your family, employed people in your community,...[Read More]
You are what you eat — and who you share it with
24 September
We have all heard the saying, you are what you eat.It is usually used as a reminder to choose fresh food, eat more vegetables, drink more water and make healthier decisions.And while nutrition is undeniably important, perhaps there is another side...[Read More]
Labour pains: jobs market too hot for inflation fight
24 September
Australia’s unemployment rate probably needs to edge a little higher to help get inflation back under control, Reserve Bank governor Michele Bullock says.Prefacing her remarks by saying the RBA does not want to see high unemployment, Ms Bullock...[Read More]
Albanese to advocate AI slowdown calls to Trump at UN
24 September
Anthony Albanese will make the case to Donald Trump for more guardrails to be placed on AI, ahead of a potential meeting with the US president on the sidelines of the United Nations.The prime minister will be in New York for the UN General Assembly,...[Read More]
Aussie investors using AI to trade in a volatile market
24 September
Mum and dad investors are increasingly using artificial intelligence to inform their stock market decisions in a fast-moving investment environment.Just under half, or 48.6 per cent, now use AI tools when planning where to place their hard-earned...[Read More]
September hike firms as RBA inflation fears come true
23 September
Economists at one of Australia’s big four banks expect the Reserve Bank to raise interest rates imminently after the central bank’s governor issued a dire warning about inflation.Michele Bullock told a parliamentary hearing in Canberra that it...[Read More]
Soft landing botched: IMF backs more rate rises
23 September
A global financial body has given the Reserve Bank the green light to hike interest rates and urged Treasurer Jim Chalmers to be bolder on tax reform.With a break-out in price growth hitting Australians’ living standards, returning inflation to...[Read More]