Reserve Bank minutes show a bigger interest rate rise was considered in May, still possible in June

Minutes from the Reserve Bank’s last meeting show borrowers may only have narrowly escaped a bigger rate rise and should brace for the chance of a super-sized move in June. Key points: RBA minutes show the rates decision on May 3 was between a 25 or 40-basis-point rise The minutes show the RBA’s economic forecasts … Read more

Buried cash: $2.1m Runaway Bay home built on site where tradies dug up $500k

On a picturesque street in the sleepy Gold Coast suburb of Runaway Bay, a luxury $2.1 million home hides an incredible secret. On a picturesque street in the sleepy Gold Coast suburb of Runaway Bay, a luxury $2.1 million home hides an incredible secret. The four-bedroom, two-bathroom waterfront “dream home” was sold off the plan … Read more

Reserve Bank of Australia says real wages won’t increase until next year

hoping for a pay boost will have to wait until next year with the Reserve Bank of Australia Workers revealing a grim prediction. Aussies hopeful of a pay boost will have to wait until next year before real wages improve. The Reserve Bank of Australia projects real wages will continue going backwards until December 2023. … Read more

Election 2022: Scott Morrison speaks after ‘raw’ chicken curry photo as RBA mulls interest rate rise

Scott Morrison has responded to the controversy over a photo he shared of his homemade chicken curry. Scott Morrison has responded to the controversy surrounding a photo of one of his homemade curries. The Prime Minister regularly posts on social media about the curries he cooks for his wife Jenny and their children. But he … Read more

Betting odds and opinion polls on the 2022 federal election

Bookies in the know have made a surprising admission about who is most likely to be Australia’s next PM. The Coalition has made a stunning turnaround, according to the bookies, with their odds of retaining government drastically shortening. LNP HQ will likely be taking the new odds as sign of a Miracle 2.0 for this … Read more

Federal election 2022: Labor corrects another Anthony Albanese mistake

Labor has been forced to correct the record again after Anthony Albanese made another mistake on the election campaign trail. Labor’s finance spokesperson Katy Gallagher has been forced to correct Anthony Albanese after he told journalists a key election policy had been fully costed when it had not. During the first week of the federal … Read more

Markets wrap: Miners fire, banks sag as ASX eases into the weekend

Friday heralded another narrow loss for the ASX 200, even as mining titans BHP, Rio Tinto and Fortescue Metals continued their meteoric rise. Equity investors maintained a pensive mood for the first session of the new month with losses for a suite of banking, technology and consumer names consigning the local bourse to a second … Read more

Cost of living: One bill making Australian families nervous

Australian families are being confronted with one thing that is making them nervous, with many wondering how they’ll get by. Australian families are increasingly nervous as they pay much more for everyday groceries than they did one year ago. Stagnant wage growth and record levels of household debt are creating a perfect storm. “The cost … Read more