Cost of Living

Meanwhile, the Australian Treasury said China’s impact will be ’significant.’

Australia has recorded 29,000 small business closures in three years.

Michael Sukkar said research shows nearly 40 percent of first-home buyers fail to secure finance due to serviceability buffers.

RBA holds rates steady, citing inflation risks, global uncertainty, and tight labour markets despite easing price pressures and recovering demand.

The prime minister said his campaign would focus on ‘hope and optimism.’

Opposition Leader Peter Dutton says he would cut the fuel excise by half as a cost-of-living measure should he win the 2025 election.

The iconic casual fashion retailer is the latest to close its stores amid mounting pressure, though its online store will continue to operate.

Measures include support for Palestine, refugees, the Australian-African community, and the Adass Israel Synagogue which was firebombed in late 2024.

The lion’s share of the funding will go toward reducing emissions in Australia’s energy system and the broader economy.

The surprise tax cut lowers the 16 percent tax rate to 14 percent in two years.

The government said the investment will provide job security for regional and remote communities that rely on agriculture.

Experts argue the budget fails to tackle critical structural issues such as productivity, inflation, and corporate tax policy.

Treasurer Jim Chalmers also announced a crackdown on non-compete clauses to free up low-middle income workers.

This will be Labor’s fourth budget this term.

NSW joins other states, including the ACT and South Australia, in banning no-grounds evictions for both periodic and fixed-term tenancies.

With Australia’s latest budget about to be handed down, one word seems to be dominating messaging—resilience.

Every household and one million businesses will get $150 in energy rebates from July, if Labor secures re-election.

The start reality of renting in Australia has been laid bare as new data sheds light on a glaring lack of affordability.

ACCC says the likelihood of larger chains making a big splash in Australia are slim, recommending smaller players be given more support.

The Property Council says many Australian cities are heading for a rental crisis, while landlords in New Zealand’s largest city are offering sign-up incentives.