Poppy Johnston (AAP)
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Few plan to spend tax returns as economy stalls
Just one in 20 Australians plan to splurge on big-ticket items when their tax returns come through, with most opting to squirrel them away or pay down debt. Amid acute …
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Housing market still in recovery but losing some heat
The housing market recovery is still humming along but the prospect of more interest rate rises could be keeping the pace of growth in check. National home prices as calculated …
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Housing lending records strongest lift since last 2021
Lending to buy homes has jumped in line with the recovery in Australian housing prices. The Australian Bureau of Statistics recorded a 4.8 per cent rise in May, to $24.9 …
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Don’t expect many happy returns from the tax office
Tax returns are likely to be scarcer and smaller this year following the scrapping of the low- and middle-income tax offset and more onerous working-from-home deductions. The Australian Taxation Office …
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Welcome mat put out for low-deposit home buyers
Tens of thousands of hopeful buyers can secure a property with a smaller deposit by locking down a spot on the latest home guarantee scheme. From Saturday – the start …
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Consumers keep cutting back as pressures mount
Belts have tightened another notch as consumers cut back to combat rising interest rates and cost of living pressures. Not only have consumers been holding back on nice-to-haves, but spending …
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Australia on ‘narrow path’ to bring down inflation: RBA
Australia is still on track to bring inflation down without triggering a recession but this “narrow path” is littered with risks, Reserve Bank of Australia Governor Philip Lowe says. Tuesday’s …
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Another nail-biter interest rate call looms
Another close interest rate call is looming for the Reserve Bank amid persistent inflation and stagnant productivity growth. The RBA board is due to meet on Tuesday afternoon for the …
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Consumer confidence edges up but low mood prevails
The high cost of living and interest rate hikes are potent enough to keep consumers feeling gloomy despite most people having jobs and attracting decent pay rises. Consumer confidence improved …
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Worker shortages still the reality for many businesses
Finding staff hasn’t gotten any easier for small businesses despite signs of a slightly less competitive labour market. Attracting and keeping workers remained a top concern across all sectors, said …