Over the past year, Australia has witnessed significant shifts in its cash usage and payment methods. Macquarie Bank took a notable step in May by becoming the first major Australian …
finance
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- 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
Increased welfare payments, pricier passports, and salary hikes: All the changes coming into effect from January 1, 2025.
by adminAs January 1 ushers in a new year, it also brings a variety of changes across Australia, affecting welfare payments, laws, taxes, and wages. Key updates include a 3.8% rise …
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After a prolonged period of high interest rates at 4.35 per cent in Australia, mortgage holders are looking for relief in 2025. Economists anticipate that the Reserve Bank of Australia …
- Cost of Living
Which Supermarket Products Have Seen the Biggest Price Increases During the Cost of Living Crisis?
by adminRecent data highlights a significant increase in the prices of essential goods and services in Australia, even amidst the Boxing Day shopping frenzy. Analysis by the Parliamentary Library reveals that …
- Cost of Living
‘The Devastating Reasons Behind the Closure of Small Businesses Like Belinda’s in 2024’
by adminAustralian small businesses are facing unprecedented hardships, leading many to closure this year. Business owners, like Belinda Jane Keehn, who operated BJ’s PJs, have shared heartbreaking stories of being unable …
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The Australian dollar has plummeted to a two-year low, buying approximately 62 cents against the US dollar, following the Federal Reserve’s latest interest rate cut of 0.25 per cent. This …
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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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A recent survey by Canstar has revealed that the average personal debt for Australians reaching $15,200 has surged by $6,200, primarily driven by credit card debt, buy now pay later …
- Cost of Living
‘It’s Intentional’: RBA Maintains Rates, Providing Strongest Indication Yet That Relief is on the Horizon
by adminThe Reserve Bank of Australia (RBA) has decided to maintain the official cash rate at 4.35% for the ninth consecutive meeting, indicating a shift in its previously aggressive stance on …
