Despite the cost-of-living crisis, Australians are tipping more generously, with the average tip rising to $25.20 in 2024—a notable 25 per cent increase from the previous year, according to Zeller’s …
money
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The average superannuation balance for Australians aged 50 is currently around $165,000, with balanced funds, primarily invested in growth assets like shares, generating $18,000 last year. In comparison, the average …
- Politics
Aussies Eager for Positive Inflation Updates This Week Ahead of Reserve Bank’s First Rate Decision of 2025
by adminThe Australian federal government is poised to release promising inflation data this Wednesday, ahead of the Reserve Bank’s first interest rate decision of the year. Recent Treasury analysis indicates significant …
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Queensland Treasurer David Janetzki has announced a worrying financial outlook for the state, with per capita debt expected to soar to $40,000 within three years—making it the highest in Australia. …
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A prominent economist is urging Parliament to enact the federal government’s proposed tax reforms on superannuation, described as “essential changes.” The government aims to increase the tax on superannuation balances …
- Cost of Living
New Insights Uncover the Online Shopping Trends of Australians Amidst Record Purchases
by adminIn the peak months of November and December, Australia Post set a remarkable record, delivering 2,800 parcels every minute as Australians embraced online shopping to maximise their budgets. The latest …
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Calls are being made for a reformed rental bond system that would allow renters to pay a bond just once during their lifetime. The McKell Institute has proposed a national …
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Macquarie Bank has announced reductions in interest rates for three of its fixed-rate home loans ahead of the Reserve Bank’s first meeting of the year. The bank, Australia’s fifth-largest lender, …
- Finance
In Australia, 47 Individuals Earn $67,000 Every Hour, Sparking Criticism of Its Impact on Society
by adminA recent Oxfam report highlights the staggering wealth inequality in Australia and globally. In 2024, Australia’s 47 billionaires amassed an astonishing $28 billion, which equates to an hourly increase of …
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A recent report from the Royal Automobile Club of Queensland (RACQ) reveals that petrol prices in certain Brisbane locations are among the highest in Australia, averaging $1.90 per litre. In …