The Commonwealth Bank (CBA) is advocating for the Reserve Bank of Australia (RBA) to eliminate surcharges on all credit and debit card transactions. These fees impose significant costs on consumers, …
Economy
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- Cost of Living
Sydney Tops the List as Australia’s Most Expensive Capital for Rental Properties
by adminSydney continues to hold the title of Australia’s most expensive rental city, even as the national market cools. According to CoreLogic’s latest quarterly rental review, the average weekly rent for …
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The Australian dollar is currently facing significant challenges, hovering around 62 US cents, marking its lowest value in nearly five years, reminiscent of the early days of the COVID-19 pandemic. …
- Finance
Australian dollar plummets to its lowest level against the US dollar in nearly five years.
by adminThe new year has brought challenges for Australians travelling abroad, with the Aussie dollar plummeting to its weakest point against the US dollar in nearly five years. It fell below …
- Cost of Living
What Changes Can We Expect in Grocery Prices by 2025 Amid the Cost of Living Crisis?
by adminConsumers in Australia can expect grocery prices to remain high into 2025, as experts indicate significant reductions are unlikely. Retail expert Gary Mortimer from Queensland University of Technology noted that …
- Cost of Living
Gloomy Outlook for Aussie Homeowners as Potential Rate Hikes Loom After Christmas
by adminAustralian mortgage holders may face another interest rate hike from the Reserve Bank of Australia (RBA) in 2025 if inflation does not decline, according to a recent assessment by the …
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This festive season, Australians are significantly reducing their spending, with a projected decrease of $1.6 billion compared to last year due to the ongoing cost of living crisis. Recent research …
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Australia’s unemployment rate has unexpectedly fallen to 3.9% in November, according to the latest data from the Australian Bureau of Statistics. This decline surpasses the anticipated rise to 4.2%, marking …
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Coffee enthusiasts should brace themselves for rising prices as global coffee commodity costs surge. Arabica beans, the most popular among producers, reached $US3.44 for 0.45kg recently, marking an 80% increase …
- Finance
Global Economic Body Predicts Significant Drop in Interest Rates Over the Coming Year
by adminAustralia may soon witness a reduction in interest rates, possibly dropping by one full percentage point, according to the Organisation for Economic Co-operation and Development (OECD). This prominent financial organisation, …