wages growth

Relief for rising power bills will be a key feature of the upcoming budget but the Treasurer has downplayed expectations further handouts are on the table for struggling Australians.Announced as part of a deal between the states and…

While Aussie homeowners were delivered a welcome reprieve as the Reserve Bank paused its aggressive rate hiking cycle this month, one major bank boss has delivered a grim warning about what’s to come.The RBA revealed on Tuesday it was…

At first it was just anecdotes. People were talking about struggling to make ends meet, but they were isolated cases. Now however? The suffering is widespread enough to show up in official statistics. There are three signs that signal how…

A triple threat is headed towards desperate Australians after the Reserve Bank of Australia hiked rates for the tenth time in a row.While some experts accused the RBA of taking a “sledgehammer” to the economy by pushing rates to a 11 year…

So far, 2023 has seen the situation facing Australian households riddled with contradictions. On one hand the nation’s unemployment rate is sitting near its lowest level in almost 50 years. On the other, households are going backwards in…

Australians have reacted to Philip Lowe’s interest rate apology with fury, with many now calling on the RBA boss to resign – or even face legal action.On Monday morning, Dr Lowe issued a stunning apology to Australians who took out a…

The hits keep coming for Australian mortgage holders, with the Reserve Bank of Australia (RBA) on Tuesday hiking the official cash rate (OCR) another 0.25 per cent – the seventh consecutive monthly increase.The increase has sent the OCR to…

It is Groundhog Day for Australia’s battle-weary mortgage holders, with the Reserve Bank of Australia (RBA) hiking the official cash rate (OCR) another 0.25 per cent on Tuesday – the sixth consecutive monthly increase.The good news was that…