The 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 …
money
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- 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 …
- 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 …
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New research indicates that Australians could potentially generate nearly $1 billion by selling unwanted gifts this festive season. An average of two unwanted gifts per person was reported by eBay …
- 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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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 …
- 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 …
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Australia’s leading superannuation body has indicated that a comfortable retirement requires more savings than ever, despite a recent slight decline in retirement costs. A drop in petrol and electricity prices …
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ANZ has recently followed Commonwealth Bank and NAB in reducing its variable home loan interest rates, despite the Reserve Bank of Australia’s (RBA) indication that an official interest rate cut …