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  • Alan Kohler: Possibly the NAIRU is 3.5 per cent

    Australia’s unemployment price fell to three.5 per cent in June 2022 and has roughly stayed there for 12 months. Inflation has not risen, however declined. Within the June quarter of 2022, the Client Worth Index (CPI) elevated 1.8 per cent; on Wednesday we learnt that within the June quarter of this yr it rose 0.8…

  • Property costs up nearly 10 per cent inside 18 months: NAB

    An astonishing rebound in Australia’s housing market is about to ship property costs up nearly 10 per cent over the subsequent 18 months, in keeping with one of many nation’s main financial institution forecasters. Nationwide Australia Financial institution (NAB) has reshaped its property forecasts for 2023 and 2024 amid an enormous resurgence in demand following…

  • Aussie unemployment fee hangs on at 3.5 per cent

    Stay Australia’s jobless fee got here in at 3.5 per cent in June, with 33,000 jobs added to the financial system. The official labour power information confirmed the unemployment fee hanging on at 3.5 per cent for a second month, after the Could outcome was revised down. “With employment growing by round 33,000 folks and…

  • Unemployment fee falls to three.6 per cent

    Reside The jobless fee has sunk again to three.6 per cent, marking one other month of ultra-low unemployment. The official labour pressure information additionally reveals round 76,000 jobs had been added to the economic system in Might. “With employment rising by round 76,000 individuals and the variety of unemployed reducing by 17,000 individuals, the unemployment…

  • AGL and Origin enhance electrical energy costs by as much as 30 per cent

    Australians might be slammed by large electrical energy invoice hikes in coming weeks, as main gamers AGL and Origin Power move by means of worth will increase as excessive as 29.8 per cent. On Monday, the retailers confirmed their will increase will increase costs on variable fee offers in New South Wales, Queensland and South…

  • Smaller lenders provide savers greater than 5 per cent, in distinction to massive 4

    Australians are being urged to think about “breaking apart” with the massive banks as smaller gamers rush to cross on larger financial savings charges after the newest mortgage invoice squeeze from the Reserve Financial institution. “The money charge has now gone up 12 occasions in simply over a yr and but Westpac remains to be…

  • Australia’s financial system expands 0.2 per cent in March quarter

    Dwell The Australian financial system grew 0.2 per cent within the March quarter, following a 0.6 per cent carry within the three months to December. On an annual foundation, gross home product as calculated by the Australian Bureau of Statistics lifted 2.3 per cent. The numbers got here in barely decrease than the 0.3 per…

  • Rates of interest hiked in June: RBA strikes to 4.1 per cent amid fears about inflation plan

    The Reserve Financial institution raised rates of interest one other 0.25 proportion factors, with extra doubtlessly on the horizon if inflation stays stubbornly excessive. The money charge goal has risen from 3.85 per cent to 4.1 per cent in June – a decade excessive – in a transfer that can push much more Australians into…

  • Dwelling purchaser borrowing sinks 2.9 per cent in April

    Stay Dwelling purchaser lending has dropped off once more as larger rates of interest proceed to suppress demand for housing. The two.9 per cent month-to-month fall in new dwelling commitments adopted a 5.3 per cent uptick in housing-related borrowing in March. The worth of owner-occupier lending fell 3.8 per cent, to $15.4 billion, whereas investor…

  • Wages to elevate 5.75 per cent for lowest paid staff

    Dwell Thousands and thousands of staff will get a 5.75 per cent wage enhance beneath the commercial umpire’s minimal wage choice. Each minimal wages and awards will rise by 5.75 per cent from July 1 beneath the Truthful Work Fee’s choice. “The present mixture of financial circumstances –- primarily low unemployment, falling wages and excessive…