Green shoots are showing in the Australian economy, but retailers are set for further pain in 2024
Australian consumers and workers may benefit from changing economic conditions in 2024, yet retailers can expect hardships to continue, according to Deloitte.
Big wheels keep on turning as SUVs, utes become the choice of Aussie motorists
SUVs are outselling standard cars three to one in Australia, even though they cost up to 25% more to run. Why?
Pensioners’ work bonus limit to get $4,000 boost
Pensioners also in a form of employment will be able to earn up to $4,000 more without their pension being affected.
Why slow wage growth isn’t keeping us from the café
Wages may not be rising to meet inflation, but figures from the RBA remind us that wages don't tell the whole story.
Slowing job market projected to hit young workers the hardest
A slowing pace of annual growth in payroll jobs, which tracks the number of employees on employer payrolls, points to a slowdown in labour market growth.
Airbnb says hotels should also be forced to pay Victoria’s short-stay tax
Airbnb is not against the user-pay levy but was pushing for a rate of three to five percent.
Australians working record number of hours to ‘stand still’
The Reserve Bank of Australia has been warning about slow productivity growth in the context of returning inflation to target in a timely matter.
“Christmas spending in decline”: ARA warns of lower discretionary purchases
Research shows spending on food will account for the largest share of spending in the Christmas lead-up, accounting for $26.7 billion.
Why the RBA’s next interest rate decision depends on petrol prices
If the Reserve Bank does push up interest rates again, the most likely next date is its next board meeting, on Melbourne Cup Tuesday.
Government targets ‘dodgy’ training providers in $37.8 million crackdown
A new tip-off line will be set up for people to dob in "dodgy" training providers exploiting international students studying in Australia.
Sluggish retail growth as consumer spending hits historic low
A 0.2% lift in retail sales was recorded by the ABS in August following a stronger 0.5% uptick in July and a 0.8% fall in June.
Dan Andrews’ small business legacy: Lockdowns, grants, and tax reform
Victorian Premier Daniel Andrews will step down from the role on Wednesday, calling time on a nearly decade-long tenure which coincided with one of the most turbulent economic crises of the past century.