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The Latest Breaking News from Shane Oliver

Rising interest rates are yet to dent our appetite for spending, with Australians still dropping cash readily in department stores and cafes.

AAP

Mortgage borrowers and renters told to brace for big financial hit by December

The full budget impact of the second most aggressive interest rate hiking cycle in the Reserve Bank's history is still months from being felt by millions of households.

ABC News

Economists deeply divided over Reserve Bank's likely interest rate trajectory

The major banks are deeply divided about the outlook for interest rates, and the difference is worth about $284 a month to a typical recent home buyer. So who will be right?

ABC News

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read the most diverse news in one place.

Labor is holding a jobs summit in September. Here’s what it hopes to achieve

The Albanese government has confirmed it will hold a Jobs and Skills Summit on September 1-2 as part of a longer-term plan to deliver a new jobs policy.

The New Daily

Shrinking households help drive up national rents at record pace

Shrinking households and a limited supply of rental properties have combined to push up rents at the fastest annual pace since 2008.

The New Daily

Sydney and Melbourne lead accelerating housing downturn

Sydney and Melbourne are leading Australia's falling house prices, which are gathering momentum as interest rates rise and consumer confidence takes a hit.

The New Daily

Market sell-off a 'real downturn' and risk of global recession close to 50-50, analyst warns

The Australian share market has dropped by more than 15 per cent from its record high, sliding closer towards a bear market. Some investors may be tempted to "buy the dip", but analysts say there is "further downside" ahead.

ABC News

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Wage debates and inflation are just the tip of what business want the new government to tackle

Businesses are battling rising costs, while their customers' purse strings are tightening. Tackling this situation will be the new government's great task, and there's only so much it can do to control some broad economic pressures.

ABC News

Interest Rates Just Rose So What Does This Mean For Your Money, Rent & ‘Ability’ To Buy A Home?

The interest rate in Australia just rose for the first time in a decade. What does this mean for cost of living, rent and first home buyers?

Pedestrian.tv

Election triggers period of uncertainty

Prime Minister Scott Morrison has called the election for May 21, triggering a six-week campaign of uncertainty for Australians and business.

AAP

Not April Fool’s: House Prices Dropped In Melb And Syd & Some Economists Reckon The Boom Is Over

House prices in both Melbourne and Sydney actually dropped last month so we asked an economist what this means for first-home buyers.

Pedestrian.tv

Storm surges and erosion pose risk to $25 billion of property: CoreLogic

Storm surges and erosion could cut billions of dollars in value from thousands of Australian coastal homes within the next 30 years, a new report has found.

The New Daily

Sydney and Melbourne house prices running out of puff

The year is still young, but there are early signs that several Australian capital cities will see a downturn in house prices by the end of 2022.

The New Daily

Russia-Ukraine war causes petrol price panic, with 'new normal' above $2 a litre

Even if you do not commute, soaring petrol prices are set to hit your wallet through the rising cost of transporting goods and people.

ABC News

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