Retirees fear financial ruin as COVID-19 dampens retirement dreams
Four in five retirees feel their investments are not safe from the COVID-19 economic downturn, while nearly 80% of prospective retirees don't believe they'll have enough.
June 22, 2020
Retail sales spike 16.3% in May - the largest rise in 38 years
Preliminary retail sales surged 16.3% in May, rising by $4.03 billion to $28.83 billion - the biggest monthly rise ever published in 38 years of data.
June 19, 2020
Qantas offers refunds for cancelled flights due to COVID-19
Qantas will offer refunds to customers whose international or domestic flights were cancelled or suspended due to coronavirus travel restrictions.
June 19, 2020
What makes a good investment property?
The COVID-19 pandemic may have created a lull in the property market that could present a unique opportunity for savvy investors to purchase their first or next investment property. But not all properties make good investments.
June 18, 2020
Low fees on savings accounts drives 7% plunge in bank fee revenue
Bank's fee revenue from households fell by 7% last year, largely driven by lower fees on deposit accounts.
June 18, 2020
Aussies spent big on coronavirus-driven home renovation boon before $25k HomeBuilder grant
Australians were spending up big on home renovations and trades services before the $25k HomeBuilder grant was announced, new data shows.
June 17, 2020
Sydney rental vacancy rate climbs to highest since 2005
The number of rental properties sitting vacant in Sydney have continued to surge, new figures show, putting pressure on landlords to cut rental prices.
June 16, 2020
Sydney and Melbourne drive 1.6% national house price increase for March quarter
Residential property prices rose by 1.6% in the March quarter, driven by gains in the Sydney and Melbourne markets.
June 16, 2020
Wages growth turns negative for first time in 20 years
Australia's annual pay growth has fallen into negative territory for the first time in two decades, according to new figures from the Melbourne Institute.
June 12, 2020
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OECD calls for JobKeeper extension, warns COVID second wave could derail economy
Australia's economy could contract by -6.3% this year if there is a second wave of infections - a $25 billion economic blow - according to new research.
June 11, 2020
