AAP
Aussies forgoing lifestyle for homes in record numbers
30 September
Australians are willing to cut back their spending in record numbers to afford a property, affirming the ongoing value of home ownership, new data shows.More than 75 per cent of residents were willing to cut their spending back to afford a home, a...[Read More]
AI race sets up showdown for middle and global powers
30 September
Anthony Albanese’s face-to-face meeting with Donald Trump in New York during the UN General Assembly was fleeting.The prime minister was at the UN headquarters when the US president gave an almost 40-minute speech in which he threatened to...[Read More]
Debt concerns: treasurer’s era of cheap-money ending
30 September
Because everyone wants your money, you can charge them more for it.That’s the issue facing governments forced to pay investors more for borrowing cash in the form of bonds.The eye-watering sums being raised by artificial intelligence...[Read More]
Broad support for buying homes with super, poll shows
23 September
Most Australians want to be able to tap into their retirement savings to buy a home, a new poll has found, as parties jostle over how much control people should have over their superannuation.The idea was backed by 60 per cent of the 1583 eligible...[Read More]
Albanese to advocate AI slowdown calls to Trump at UN
23 September
Anthony Albanese will make the case to Donald Trump for more guardrails to be placed on AI, ahead of a potential meeting with the US president on the sidelines of the United Nations.The prime minister will be in New York for the UN General Assembly,...[Read More]
Aussie investors using AI to trade in a volatile market
23 September
Mum and dad investors are increasingly using artificial intelligence to inform their stock market decisions in a fast-moving investment environment.Just under half, or 48.6 per cent, now use AI tools when planning where to place their hard-earned...[Read More]
Soft landing botched: IMF backs more rate rises
23 September
A global financial body has given the Reserve Bank the green light to hike interest rates and urged Treasurer Jim Chalmers to be bolder on tax reform.With a break-out in price growth hitting Australians’ living standards, returning inflation to...[Read More]
Iran and iPhones add to Reserve Bank’s inflation pickle
16 September
The rising cost of oil and iPhones is concerning the Reserve Bank of Australia as it approaches a crucial interest rate decision, the central bank’s chief economist says. With rising inflation pressures from the Middle East and more broadly around...[Read More]
‘Doing what we want’: Labor stands by housing tax moves
16 September
Changes to property tax breaks in the federal budget are working, the housing minister says, as data shows most home vendors are still making massive profits despite a downturn. Clare O’Neil brushed off figures from the Housing Industry...[Read More]
Renovation nation: Aussies plan $85b in energy upgrades
16 September
Australian households plan to spend $85 billion on home energy upgrades over the next five years, a study has found, averaging more than $8300 per home. But renters and younger Australians could miss out on the trend, with both groups budgeting...[Read More]
Australians are ‘furious’ about inflation: RBA deputy
9 September
Australians are “furious” about inflation and it will take the nation years to fully get on top on higher post-pandemic living costs, the Reserve Bank’s deputy governor says. Ahead of the central bank’s meeting later this month on interest...[Read More]
Cold start to nation’s normally hot home sales season
9 September
Australia’s peak property season has opened with a whimper, featuring low stock and lacklustre auction success rates. Capital cities hosted just 1462 auctions in the first week of spring – more than 30 per cent down on the figure for a year...[Read More]
AI boom forecast as Australia’s biggest bonanza yet
9 September
The adoption of artificial intelligence is rocketing in Australia, creating massive demand for infrastructure that will deliver jobs and economic benefits. The nation was at the “cusp of a data centre boom”, Oxford Economics head of economics...[Read More]
Four in five businesses still on residential NBN plans
9 September
More than four in five Australian business still run their systems on residential internet plans, despite rapidly evolving technology offering faster options. Reliable, fast system access is essential for Project Epic, which provides disability...[Read More]
Property market to face ‘deeper correction’, bank warns
2 September
Australia’s largest home lender has warned property prices could fall in capital cities by 10 per cent, with the downturn faster and broader than expected.The Commonwealth Bank said in a housing update it expects a deeper correction in the...[Read More]