Business

Worrying sign that Australia's construction industry is on its knees

Worrying sign that Australia’s construction industry is on its knees

Throughout Australia’s history, the country’s economy has often seen booms and busts. From the Depression of the 1890s, triggered by a collapse in wool prices and a collapse in property prices, to the current boom in thermal coal prices, Australia’s economy has thrived and diverged in boom and bust cycles. In October 2019, the Reserve …

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One income is no longer enough.  Record numbers of young people are turning to 'side jobs'

One income is no longer enough. Record numbers of young people are turning to ‘side jobs’

After being stung with a sudden rent increase of $90 a week in Bunbury, WA, Hoshi set out to sell his property. Core items: Young people are more likely to have taken up additional work than any other age group Financial uncertainty means they are generally more exposed to inflation Aside from their normal full-time …

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The expert's crucial tip in the face of rising inflation

The expert’s crucial tip in the face of rising inflation

Inflation is through the roof, interest rates are rising and many families are struggling to keep up with their mounting bills. Finding ways to reduce financial stress can be overwhelming. The numbers themselves are elusive for many people — but they know they need to tighten their belts. The Reserve Bank of Australia raised its …

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Young couple who 'didn't really look' buy East Brunswick patio worth $1.5 million at auction

Young couple who ‘didn’t really look’ buy East Brunswick patio worth $1.5 million at auction

Rate hikes should “definitely be considered,” he said. “But I think we’re in a good position with leasing at this point. From our point of view, we can pass this on to the rental market.” Ray White’s Stefan Stella said some buyers are now concerned about the prospects for the housing market, others see it …

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RBA building

Both households and the government are cutting spending. That will hurt economic growth, the RBA warns

The Reserve Bank has lowered its forecast for economic growth as interest rates rise, house prices fall and a slowing global economy weighs on Australia’s prospects. Core items: The Reserve Bank forecasts slower economic growth as rising and falling house prices weigh on consumer spending Still, she expects unemployment to fall to a low of …

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Why buying a cheap used electric car from Japan can be expensive

Why buying a cheap used electric car from Japan can be expensive

Nissan Australia has warned that if something goes wrong with a privately imported Leaf electric car, it may not have the right parts or service support. 0 outlook 6 images An aging battery or service issues on a used Nissan Leaf privately imported to Australia could become a money pit rather than an affordable first …

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