AAP
Australians are ‘furious’ about inflation: RBA deputy
9 September
Australians are “furious” about inflation and it will take the nation years to fully get on top on higher post-pandemic living costs, the Reserve Bank’s deputy governor says.Ahead of the central bank’s meeting later this month on interest...[Read More]
Reserve Bank’s grim rates warning as oil prices spike
9 September
The Reserve Bank might have to raise interest rates if inflation is higher than expected as oil prices surge back towards $US100 a barrel.More attacks on oil tankers in the Strait of Hormuz drove Brent crude above $US97 a barrel, which will seep...[Read More]
AI boom forecast as Australia’s biggest bonanza yet
9 September
The adoption of artificial intelligence is rocketing in Australia, creating massive demand for infrastructure that will deliver jobs and economic benefits.The nation was at the “cusp of a data centre boom”, Oxford Economics head of economics...[Read More]
Four in five businesses still on residential NBN plans
9 September
More than four in five Australian business still run their systems on residential internet plans, despite rapidly evolving technology offering faster options.Reliable, fast system access is essential for Project Epic, which provides disability...[Read More]
‘Green light’ for rate hike as GDP growth surprises
2 September
Australia’s economy grew by 2.1 per cent in the last financial year, cementing the odds for another rate rise as the economy proves more resilient than the Reserve Bank expects.Gross domestic product expanded by 0.4 per cent in the June quarter,...[Read More]
Small-business owners, women worried about golden years
2 September
Almost three million Australians are expected to retire over the next decade, but not everyone is heading toward their golden years with confidence.Many are still thinking about their “number” – the preferred size of their superannuation pot...[Read More]
Blanket bans on AI could cause ‘data centre panic’
2 September
One-size-fits-all restrictions on how artificial intelligence data centres are powered could send investment in the growing technology overseas, business groups warn.In a submission to a Senate inquiry into AI data centres, the Australian Chamber of...[Read More]
Treasury tips AI as key driver of productivity growth
2 September
Artificial intelligence could be the ticket out of stunted economic growth while risking the future of increasingly high-skilled jobs, according to Treasury advice.In a brief handed to the treasurer, AI has been characterised as a tool which could...[Read More]
Inflated charges: push to make landlords pay gas bills
2 September
Australian renters are being slugged almost $440 million a year to stay connected to gas, analysis has shown, even though landlords control whether their properties remain on the network.Rewiring Australia released the finding on Friday and called...[Read More]
‘Hot mess’ inflation result puts rate rise on the table
26 August
More interest rate hikes are on the cards after Australia’s headline inflation rate came in higher than expected, despite falling to its lowest level in eight months.The consumer price index rose one per cent in July, resulting in the annual rate...[Read More]
Foreign property purchases fall as home buyer ban bites
26 August
Purchases of Australian property by overseas investors have plunged after the government announced a ban on foreigners buying Australian homes.The number of investment approvals fell by more than 22 per cent to 5284 in 2024/25, the Productivity...[Read More]
Modular homes rollout to hasten build times, cut costs
26 August
A modular home factory will receive $120 million in taxpayer backing to turbocharge the fledgling industry and solve Australia’s housing shortage.The investment in Built Living – a 50:50 joint venture between Australian contractor Built and...[Read More]
Jobs data and a fireside chat: the economic week ahead
19 August
As the US dragged itself out of the Great Depression, newly-elected president Franklin D Roosevelt pioneered an informal style of radio address to nurture rapport with a bruised American public.It’s unclear whether the LED lighting at...[Read More]
Retirement savings to be ‘decimated’ under early access
19 August
Workers being able to access their superannuation early would destroy their retirement earnings, the treasurer has warned, following calls by Pauline Hanson.The One Nation leader has called for a relaxation of rules that would allow people to...[Read More]
Early days but a door is opening for first home buyers
19 August
A dive in new home loans to property investors is an “encouraging sign” Labor’s changes to negative gearing and the capital gains discount are working as intended, Treasurer Jim Chalmers says.The number of investor loans fell 8.6 per cent in...[Read More]