Poppy Johnston (AAP)
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Tight jobs market underpins 3.7 per cent wages growth
Wages have responded to the tight labour market, rising 3.7 per cent annually in the March quarter. On a quarterly basis, the Australian Bureau of Statistics’ wage price index lifted …
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Millions of households on track for energy bill relief
More than 5.5 million households and around one million small businesses are in line for energy bill relief in the federal budget. The Labor government committed to power bill relief …
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Local housing squeeze tightens its grip on Australians
The lines of tenants queuing outside rental properties on a weekend are only expected to get longer as pressures on Australia’s rental market intensify. Fresh data released this week pointed …
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RBA board finally presses pause on interest rate rises
Australia’s central bank has left interest rates unchanged at 3.6 per cent in April as the economy shows signs of cooling off. The decision will offer welcome relief for mortgage …
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Migration, high rents put brakes on sliding home prices
Sydney has led a turnaround in national property prices after the market tracked down for 10 straight months. The 0.6 per cent uptick in national home values as measured by …
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Rents exploding in regional and inner-city locations
Rents have been surging nationwide but some regions have been hit harder than others, with average rents lifting by nearly 50 per cent annually in one Australian town. New Proptrack …
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Good news for renters as hot market cools
Stretched renters could soon get relief as the pace of rental growth starts to slow. Renters endured the fastest growth on Corelogic’s records last year, with rock-bottom vacancy rates driving …
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Government eyes China COVID-19 management
China’s management of COVID-19 will be one of the main influences on Australia’s economy this year, Treasurer Jim Chalmers says. Beijing last month announced it was scrapping strict “zero-COVID” measures …
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Australia’s unemployment rate stays at 3.4 per cent
The national jobless rate has stayed at 3.4 per cent, with 64,000 jobs added to the economy. A 66.8 per cent participation rate was recorded for the month of November, …