Comfortable retirement costs rise slightly
The annual cost of a ‘comfortable’ retirement for 65-year-old retirees has risen to $60,977 for couples and $43,317 for singles, according to the latest figures.
February 25, 2019
Aussies spending less due to slow wage growth and falling house prices: RBA Governor
Australia’s economic outlook has been affected by soften-than-expected consumer activity, according to RBA Governor Philip Lowe.
February 22, 2019
Average weekly full-time salary rises 2.4% to $1,605
Following the release of the latest wage price index figures, the ABS has today revealed the average weekly earnings for full-time Australian adults in November 2018 was $1,604.90.
February 21, 2019
Annual wage growth remains at 2.3%
Australian wages grew 0.5% over the December quarter of 2018, keeping the country’s annual wage growth figure at 2.3%, according to figures released by the ABS today.
February 20, 2019
Aussie consumer spending rebounds
Despite housing market weakness and slow wage growth, Australian consumers appear to have loosened their purse strings over January, according to new data.
February 20, 2019
Grocery shoppers want more stores to use ‘unit pricing’
A large majority of Australian grocery shoppers appreciate seeing unit pricing on shop labels in supermarkets and want to see them expanded to more stores, according to a national survey.
February 19, 2019
First Home Super Saver Scheme could be phased out
Australians may soon lose the ability to save for a deposit on a first home through their super fund, should the Labor Party win the next federal election.
February 18, 2019
Cost of living a key concern for Aussie millennials
A new report has revealed that for many Australian millennials, ‘the cost of living’ is considered to be the most important issue ahead of the upcoming federal election.
February 15, 2019
ASIC seeks input on responsible lending
In response to changes in technology and the release of Hayne’s final report of the royal commission, Australia’s corporate regulator has deemed it timely to review and update its guidance around responsible lending.
February 14, 2019
Mortgage holders relieved by RBA’s apparent delay on rate hikes
Fears among Aussie mortgage holders that the Reserve Bank of Australia will raise interest rates soon have diminished – lifting consumer sentiment, according to economists.
February 13, 2019
