Styles, Sheeran and Snoop deliver big spending boost The return of international music stars has seen an estimated $21.3 million spent in Melbourne as fans opened their wallets for a big night out. The New Daily · Mar 9, 2023
NAB in court over 'excessive, unreasonable' staff hours NAB's practice of demanding lengthy unpaid overtime from staff will be examined in a new union lawsuit that may have wider ramifications in the finance sector. AAP · Mar 8, 2023
Why RBA interest rate hikes could end by September – but brace for at least one more Tuesday’s tenth successive Reserve Bank interest rate hike is the culmination of a process that has added $1,080 to the monthly cost of payments on a $600,000 variable mortgage. The Conversation · Mar 7, 2023
The Reserve Bank is tipped to raise interest rates again, even as some families struggle to meet higher home loan repayments Australia's major banks expect the Reserve Bank will lift the cash rate to its highest level since May 2012 later today, but thousands of families like Le Tran's are already having to make sacrifices to make ends meet. ABC News · Mar 6, 2023
‘Doing it tough’: Financial pain at three-year high as cost of living, mortgage rates squeeze families As many as four in ten Australians are now suffering financial hardship as the cost of living crisis combine with big interest rate hikes. The New Daily · Mar 3, 2023
Australian superannuation funds are top performers globally Australian superannuation funds stand out globally as top performers and are diversifying their investments to provide more stability The New Daily · Mar 3, 2023
NAB bank head backs in Labor superannuation plan Labor has received support for its superannuation plan from an interesting quarter - the chief executive of NAB. AAP · Mar 2, 2023
Financial hardship returns to early pandemic levels Around 40 per cent of Australians are struggling to make ends meet as the cost of living crisis stretches household budgets to their limit. AAP · Mar 2, 2023
Bank closures hurt communities, Westpac admits to probe Westpac and NAB executives are facing the regional banking inquiry, which is examining the impact of branch closures in country towns. The New Daily · Mar 2, 2023
A third of the nation's bank branches have shut in the past five years — for people in the country, that's a huge problem Despite soaring profits for Australia's big four banks, that number in the billions, almost one-in-three of their branches have closed in the past five years and now a parliamentary committee is examining the impact of those closures, especially on regional centres. ABC News · Mar 1, 2023
Cost of cash worth every penny in bush, bank probe told Cash and face-to-face transactions are central to the social fabric in rural communities, a Senate inquiry examining regional bank closures has been told. AAP · Mar 1, 2023
'Recession risks are rising' but the latest GDP numbers are expected to show 'solid' growth The latest economic growth figures are expected to show a robust economy. But the outlook for 2023 is far less rosy, warn many analysts. ABC News · Feb 28, 2023
The Australian towns where the nearest bank branch is nearly 1,000km away With nearly 100 regional branches either closed or soon to close, getting to the bank is becoming increasingly difficult for Australians in remote areas The Guardian - AU · Feb 28, 2023
Florida TV journalist and girl, 9, killed near scene of earlier fatal shooting The girl's mother and a TV crew member were critically injured. Axios · Feb 23, 2023
ABC News · Feb 21, 2023 Australia to flirt with recession this year, warns NAB Economists are warning Australia is at a heightened risk of recession in 2023 as the Reserve Bank keeps aggressively raising interest rates, with a per capita recession looking likely.
The Guardian - AU · Feb 18, 2023 Australia’s housing crisis: how RBA interest rate hikes are pushing families closer to the edge While some property owners are cashing in on the crisis, many others, such as western Sydney’s Nick Noel, are struggling to explain to their kids why they must tighten the spending belt
ABC News · Feb 14, 2023 Million households 'vulnerable' to rising interest rates, and their cuts could cause recession A prominent economist now puts the risk of recession at 50 per cent, as households face the prospect of making substantial spending cuts to meet rising home loan repayments.
AAP · Feb 14, 2023 NAB calls for united front to combat 'spoofing' scams The National Australia Bank has revealed a 50 per cent drop in "spoofing" as it calls for a more co-ordinated Australian front against scammers.
The Guardian - AU · Feb 14, 2023 Interest rates could peak at 4.1% amid sinking consumer confidence in Australia, says NAB Major bank believes business conditions and confidence are improving as it sets cash rate prediction higher than other banks
The New Daily · Feb 14, 2023 Mortgage pain to intensify in 2023 as triple rate-hike looms: NAB economists Australians must brace for interest rates to rise at least three more times in 2023 as the RBA fights high inflation.
ABC News · Feb 13, 2023 China's economy is recovering — is that a good thing for Australians faced with surging prices? China's rebounding economy is set to have ramifications for Australia — both good and bad — and could exacerbate our cost-of-living issues.
AAP · Feb 12, 2023 RBA governor faces grilling on 'hawkish' rate hike talk Reserve Bank governor Philip Lowe will appear before parliamentary committees this week after what's been labelled as a "hawkish" shift for the central bank.
ABC News · Feb 9, 2023 Parliamentary inquiry into regional banking to be held as branch closures continue The inquiry will examine the impacts of branch closures on communities, as well as the effectiveness of current data.
The Guardian - AU · Feb 4, 2023 Parents turn to buy now, pay later schemes to meet Australia’s soaring school costs Financial hardship support has not kept pace with the rising cost of uniforms, books, stationery and computers, peak body says
AAP · Feb 2, 2023 New apartments trigger jump in building approvals A glut of new apartment projects lifted building approvals in December but new house approvals remain subdued, new data shows.