Retail spending unexpectedly rises in February

Retail sales growth smashed expectations in February, rising 0.8% in seasonally adjusted figures, according to data from the Australian Bureau of Statistics (ABS).

Average term deposit rate drops in March

Retail term deposit interest rates have fallen on average again in March, following several high profile rate drops from major banks.

Rising income tax strangles household spending

Households are slashing their spending as rising income tax puts a stranglehold on disposable income growth, according to Australia’s central bank.

Apple to release its own credit card

Tech giant Apple has staked its claim to a share of the credit card market, unveiling its new credit card product at an event California, called ‘Apple Card’.

Average petrol price hits 4-month high

The national average price of unleaded petrol in Australia rose 9.1 cents last week to hit 143.7 cents a litre, according to the Australian Institute of Petroleum.

Millennials plan to travel more than other Australians

The number of Australians choosing to go on both domestic and overseas holidays has dropped but millennials still remain bitten by the travel bug, according to a Roy Morgan survey.

Price-rise expectations hit two year low

Aussies expect prices to rise by only 4% per annum over the next two years – the lowest this expectation has been since November 2016.