Flatmates.com.au has revealed the rent per room in Australia’s suburbs. Warriewood in NSW had the highest weekly rent of $600 for a room.
The Australian Competition and Consumer Commission (ACCC) has warned shoppers of an increase in online scams ahead of Black Friday sales.
The Federal Government has announced cuts to 50 major infrastructure projects and warned more may be needed amid inflation fears.
National wages grew by 1.3% during July to September, according to the ABS. It’s a record growth but doesn’t match inflation.
All four of Australia’s big banks have posted substantial profits for the 2022-23 financial year. Why is that the case?
Over 800 large companies paid no corporate tax in Australia in the 2021-22 financial year, according to new data from the ATO.
WeWork has filed for bankruptcy in the U.S.
The 13th interest rate increase since May 2022 has re-ignited the debate about the use of higher interest rates to fight inflation.
Why did the cash rate rise? The Reserve Bank decided to raise the cash rate again on Tuesday, after keeping it unchanged since July.
The Federal Government has announced a scholarship program to attract more people to teaching amid growing concerns of a national shortage.
China’s housing market has crashed, investors are withdrawing, and youth unemployment is so high the government has stopped publishing the number. Senior leaders met last
Sam Bankman-Fried, founder of failed cryptocurrency exchange FTX, has been found guilty on two counts of fraud and seven counts of conspiracy.
The International Monetary Fund (IMF) has published its Australian policy ‘wish list’, including stronger climate policies, a tougher approach to inflation, and sweeping tax changes.
Negotiations for a trade deal between the European Union (EU) and Australia have collapsed following another round of unsuccessful talks.
The World Bank says the global oil price could be set for another spike if the conflict in the Middle East spreads throughout the region.
Prices were 5.4% higher in September than the previous year, according to the latest official inflation figures.
The Fair Work Ombudsman (FWO) has discovered 250,000 workers were underpaid in the 2022-23 financial year.
The national gambling self-exclusion register, BetStop, has received thousands of sign ups since it launched in August.
Australian private health insurer Medibank has announced it is trialling a 4-day work week for 250 employees.
More than half of young people (aged 18 to 24) are experiencing food insecurity, according to Australia’s largest food relief organisation, Foodbank.
The Australian arm of international dessert brand Sara Lee has gone into administration after 52 years of cheesecakes and crumbles.
A crypto crackdown will be included in legislation set to be tabled in Australia next year. This is what it could look like.
Harvard Professor Claudia Goldin has been awarded the top prize in economics for her investigations into the gender pay gap — the difference between how
The Reserve Bank of Australia (RBA) has kept the cash rate unchanged at 4.1% for a fourth consecutive month.
The Federal Government has announced a $22.1 billion budget surplus for the 2022/23 financial year, the first in 15 years.
JobSeeker is rising on Wednesday, following a combination of periodic increases and new laws taking effect. Here’s the important details
Macquarie Bank will phase out cash and cheque services by the end of 2024. Here’s the timeline for the phase-out
France has banned sales of Apple’s iPhone 12 after the national watchdog found the device exceeds European radiation limits.
The measure will be trialled across 30 stores in South Australia, Victoria, Western Australia, and Queensland.
The court was considering an appeal from Qantas, who had already lost twice before the Federal Court and the Full Federal Court.
What’s lumpy skin disease? Indonesia has lifted restrictions on Australian livestock after they say the disease was discovered on cattle.
In his final speech, RBA Governor Philip Lowe has criticised the media for personal attacks but admitted he had “difficulties” communicating.
Australia’s corporate regulator is suing Westpac for alleged breaches around their response to financial hardship applications.
Inflation grew by 4.9% in the year up to July 2023, according to the latest figures from the Australian Bureau of Statistics.
The latest official figures show the gender pay gap in full-time earnings has fallen to an all-time low. Why has the gap closed?
Petrol prices are rising again across Australia, and have been well above $2.10 litre in recent days in Sydney and Melbourne. Why?
National Cabinet leaders have agreed to build 200,000 extra homes by mid-2029, but have stopped short of limits on rent increases.
A rule that excludes university students from studebt debt support based on their academic output will be axed. Here’s why
RBA Governor Philip Lowe will not be re-appointed for a second term, replaced instead by his deputy Michele Bullock.
RBA Governor Philip Lowe has announced a cut to interest rate meetings after a review into the bank’s culture and practices.
The RBA has left interest rates unchanged at 4.1% for the month of July, with RBA Governor Philip Lowe saying inflation has “passed its peak”.
Cheques will be phased out by the Federal Government, who say the payment method is too slow and expensive. Here’s their plan.
Chris Minns has unveiled plans to sign his new housing policy into law, which will also involve scrapping an old initiative on the way.
Why are rent prices rising? New data released this found rent prices in capital cities has had record increases this year. Here’s why
Why is Medibank being sued? The private health insurer was hit with a lawsuit this week. But it’s hit back, saying it would defend the
The Australian Tax Office has confirmed there will be a HECS debt increase of 7.1% – the largest increase in decades. Why is it going
Democrats and Republicans are locked in a stalemate over the ‘debt ceiling’, a government borrowing limit. Can America pay its bills?
Victorians are paying the most taxes to their state and local governments in Australia, according to new data from the ABS.
We learned this week that HECS debts are set for their biggest increase in decades. How do the debts work? Here’s all you need to
The Government is facing growing pressure to raise JobSeeker payments in the Federal Budget on 9 May – including from its own members.
A major RBA review has called for major changes to the institution’s operation. The review found the RBA board lacks sufficient expertise to make interest
The Federal Government has passed a law to require gender pay gap transparency for businesses with at least 100 employees.
The latest monthly figures show inflation in Australia has fallen from 7.4% to 6.8%, but that’s still a significant rise. What does it mean?
The government of Switzerland has negotiated a deal to rescue Credit Suisse, the country’s second-largest bank.
Over 300,000 documents and customer records have been stolen during a “sophisticated and malicious” cyberattack on Latitude Financial Services.
Australia’s unemployment rate fell from 3.7% to 3.5% in February, returning to the same level as December 2022.
The collapse of the Silicon Valley Bank has prompted fears about whether other banks might suffer a similar fate.
Silicon Valley Bank collapsed, marking the largest bank failure since 2008. Find out how it happened and its impact on the US economy.
Inflation figures for January 2023 show some evidence of price growth slowing. Treasurer Jim Chalmers says the government is “cautiously hopeful”.
Learn why Australian house prices have been falling since May, and what’s causing the recent slowdown. Will prices continue to decline? Find out here.
Qantas records a $1.4 billion pre-tax profit in H2 2022, best result in a first half of a financial year, after $7 billion losses in pandemic.
See the list of highest-paying industries in Australia according to the Australian Bureau of Statistics, with mining topping the chart.
Gender pay gap in Australia hits record low at 13.3%, according to the ABS, which measures the difference in average weekly earnings.
Aged care workers to get a 15% pay increase from June due to historical undervaluation and gender pay gap. Details from the Fair Work Commission.
Australian universities have underpaid their staff $83 million since 2020, according to a new report
Australian universities have underpaid their staff about $83 million since 2020, with the University of Melbourne found to have underpaid their staff about $31.6 million.
Updated tax rules for claiming work-related expenses when working from home in Australia. Learn what you need to know.
The govt wants to crack down on people having early access to their superannuation: what will it mean?
The Govt plans to introduce a legal definition of the objective of super to reshape rules & crackdown on early access & tax concessions.
Consumer confidence hits all-time low amidst cost of living crisis and interest rate hike in Australia.
Adani Group loses billions amid fraud allegations – Hindenburg Research report details shell company scheme.
TDA spoke to young Australians across the country who have experienced exploitation and financial stress after undertaking prolonged periods of unpaid work.
Analysis from Futurity Investment Group reveals parents in Australian cities face higher education costs than in regional areas, with Melbourne public schools potentially costing over
Teachers in remote Australia could have their tuition fees wiped under a new program.
Here’s what new research from Oxfam says about economic inequality in Australia.
The World Bank says China, Europe and the U.S. are all in a period of “pronounced weakness”, which could have spillover effects to the rest
Here are eight stories that might shape the next year of news.
Revenue from Australian coal exports rose by $73 billion in the 2021/22 financial year, according to the Australia Institute, a policy research and advocacy organisation.
Australia’s gender pay gap in 2022 is 22.8%. It’s the first time it has stalled in nine years.
Global oil prices could be set to surge again, after new restrictions were placed on Russian oil exports by Western nations this month.
The Reserve Bank of Australia (RBA) increased the cash rate from 2.85% to 3.1% today.
The Reserve Bank expects inflation to peak at the end of the year at around 8%.
Leaders from the world’s leading and emerging economies will meet in Bali for the Group of Twenty’s (G20) annual Summit.
Nearly 4 in 5 young people in financial difficulty are also more likely to use ‘buy now, pay later’ systems
The rise of cryptocurrency trading platforms and ‘buy now, pay later’ finance schemes have compounded financial stress for young Australians, according to a new report
From tomorrow, there will be the option to pay an annual property tax instead.
Wages are not increasing at the same rate as inflation, meaning that while a person’s income may not change, it isn’t as valuable as before.
The Reserve Bank of Australia (RBA) increased the cash rate from 2.6% to 2.85% today.
TDA political journalist Tom Crowley cares about budgets more than most people. Here’s why he finds them so interesting and important.
Australia’s cost of living crisis is in the news every week. Prices have risen 6% in the last year, and we’re told things will get
What went wrong? Cosmetics company Revlon has filed for bankruptcy in the U.S. It’s not quite the end of the line for the 90-year-old brand,
What’s going on with gas prices? Australian gas prices have spiked, especially in Victoria. Treasurer Jim Chalmers has called it a “perfect storm” and warned
The Victorian Ombudsman has found the state’s border exemption scheme resulted in ‘unjust’ and ‘inhumane’ outcomes. An investigation into the scheme revealed that of the
Analysis released by social research firm McCrindle this week has shown that the price of a typical house in Melbourne has multiplied by 22 in
What are interest rates, and how does it affect housing?
What is GDP?