NEWS UPDATE
NEWS UPDATE
Key points Introduction Much in economics is shades of grey and so subject to some debate. This has certainly been the case around the rebound in inflation in Australia, the RBA’s response and what’s driving it. This note looks at the key issues. Why did...
Winding back the capital gains tax discount must be part of a broader tax reform package tackling intergenerational inequity and sluggish productivity, the federal treasurer has been told. The government refused to shut down reports it was considering cutting the 50 per cent discount on...
A sharp rise in consumption that caught the Reserve Bank off guard and prompted it to hike interest rates might have been more temporary than permanent, fresh data shows. Household spending fell 0.4 per cent in December – the biggest drop since March 2024 –...
Australia’s economy is like a car exceeding the speed limit. Or is it an inflating balloon, squeezing up against the inside of a box? Either way, it’s too hot for the Reserve Bank to handle. Fresh data in the coming week will give the central...
Fresh figures have allayed fears of a tightening in Australia’s labour market, which should rule out the Reserve Bank returning to a major rate-hiking cycle. Australia’s economy added an estimated 21,000 jobs in January, while wages grew by 0.8 per cent over the quarter, according...
The Reserve Bank governor has called on businesses to help lift Australia’s sluggish productivity growth as she tries to bring inflation under control. Facing a string of questions about the government’s role in driving up inflation at a parliamentary grilling in Canberra, Michele Bullock looked...
Australia will fall short of its energy and environmental targets if it fails to support more hydroelectricity projects, a former leader has warned. The International Hydropower Association, led by former prime minister Malcolm Turnbull, issued the warning on Tuesday with the release of six recommendations...
Happiness and success are deeply intertwined but aren’t always the result of material gains or high-status positions. Instead, a fulfilling life and career stem from aligning your values, passions, and actions in ways that promote well-being and personal growth. 1. Define Your Success Success means...
Thinking about aged care is something many families put off until they’re forced into making decisions quickly. A fall, a hospital stay, or a sudden change in health can turn “we’ll deal with it later” into an urgent and emotional process. The reality is that...
For many Australians, a home loan is the largest financial commitment they will ever take on. Yet once the paperwork is signed and the keys are handed over, that loan often gets filed away and forgotten. Life, however, doesn’t stand still. Your income changes, interest...
Why Getting Advice Matters More Than You Think Life insurance is one of those topics most people know they should think about, but often push to the bottom of the to-do list. It’s not exciting, it doesn’t deliver instant gratification, and it forces us to...
Many parents face the question of when their adult children living at home should start paying board and contributing to household expenses and chores as they transition into adulthood. The question of when and how much to charge, as well as the balance of responsibilities,...
A Self-Managed Super Fund (SMSF) offers individuals more control over their retirement savings, but it comes with significant responsibilities. This checklist outlines key considerations and requirements to help ensure compliance and effective fund management. Managing an SMSF is complex and requires diligence, but with careful...
Key points Introduction The RBA’s decision to hike rates to 3.85% was no surprise with it being about 70% factored in by the money market and 22 of the 28 economists surveyed by Bloomberg expecting a hike. We thought that the RBA should and (wrongly...
Borrowers have borne the brunt of a resurgence in inflation, with the Reserve Bank lifting interest rates and leaving the door open for more. The RBA’s monetary policy board lifted the cash rate by 25 basis points to 3.85 per cent in a unanimous decision...
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