rising interest rates

Some 3.7 million Australian households are going hungry or on the edge of falling into hunger according to a shocking new report from one of the country’s leading social charities. Foodbank Australia’s 2023 Hunger Report says more than a…

Samsung Electronics has reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business.The South Korean company — one of the world’s largest…

More Aussie businesses are collapsing now than before the pandemic as “zombie companies” are flushed out of the system — and experts warn it will “get worse before it gets better” as consumers tighten their belts.The latest insolvency…

A Brisbane family have been locked in a “ridiculous” battle with their bank over a major interest rate mistake, which had cost them more than $17,000.Andrew Ferguson and his wife Belinda purchased and renovated their dream four-bedroom home…

The Australian dream of buying a home is fading for many young people who are becoming fed up working themselves to the bone when their savings are eaten up by rising living costs.With sky-high house prices across the country, some young…

A migrant who came to Australia six years ago has revealed how he overcame job losses and $20,000 worth of debt to purchase seven homes in just 18 months. On his son’s second birthday in July 2017, Rohit Gehlot made the heartbreaking but…

The most in demand suburbs for buyers in Australia have been revealed as the market continues to lag across the board.The insight comes as part of PropTrack’s latest figures, which show where homes have as many as 500 potential buyers…

Westpac is continuing its “savage branch closure program” with another five sites set to be shuttered across the country, the Finance Sector Union said.It comes after the major bank announced it was shutting down 20 bank branches across…

Two Australian companies have laid off hundreds of staff members as tough market conditions continue to hit business hard. ASX-listed healthcare company Healius has cut 500 full-time roles since the Covid-19 pandemic started. That…

Renowned economist Nouriel Roubini, dubbed “Dr Doom”, has warned that the world is facing a looming “stagflationary debt crisis” that will be “the worst of all worlds for workers”.Speaking with ABC’s The Business on Thursday, Dr Roubini…