FINANCE

Melbourne mortgage holders have been dealt a blow after new inflation data released today revealed a higher-than-expected surge in prices, effectively ending speculation about a potential Reserve Bank of Australia (RBA) rate cut on Melbourne Cup Day, November 4. The latest figures…

Australia’s Reserve Bank Governor, Michele Bullock, has identified stamp duty as one of the greatest structural barriers preventing the nation from solving its housing and labour market challenges. Speaking at the Daily Telegraph’s Future Sydney Bradfield Oration on Friday, Bullock described stamp…

Opposition Leader Sussan Ley has unveiled the Coalition’s first major economic policy since its election defeat, pledging tax cuts for low and middle-income Australians in an attempt to reassert the party as a credible alternative government. Speaking ahead of her address to…

Australia’s access to cash is shrinking at an alarming rate, with new data revealing that the number of ATMs and physical bank branches has fallen dramatically in recent years, leaving many communities — particularly in rural areas — struggling to access basic…

The Australian Taxation Office (ATO) is reminding taxpayers that the deadline for filing 2024-2025 tax returns is Friday, October 31, 2025. Australians who miss the date could face penalties and fines, officials have warned. When is the deadline? If you’re lodging your…

The Reserve Bank of Australia (RBA), in its semi-annual Financial Stability Review, has warned that global financial risks are not easing — in fact, they are rising — as uncertainty continues to cloud the economic outlook. The RBA said the likelihood of…

The Albanese government has reported a major improvement in Australia’s finances, with the federal budget deficit slashed by $18 billion — a result of robust employment growth, higher wages, and careful spending control. Treasurer Jim Chalmers declared that Australia now has “one…

The National Australia Bank (NAB), one of the nation’s “big four” banks, has issued a stark warning that Australia’s tax system is exacerbating generational inequality and putting the country’s long-term competitiveness at risk. According to NAB, younger Australians are on track to…

Australia’s four major banks – ANZ, Commonwealth Bank (CBA), NAB, and Westpac – are continuing a worrying trend of large-scale redundancies, with thousands of positions cut over the past year. Banks aim to boost profits, reduce operating costs, manage workforce changes, and…

Australia’s banking sector is reeling after National Australia Bank (NAB) revealed it will slash 410 jobs in its technology and enterprise division, just one day after ANZ announced it would axe 3,500 roles. The NAB restructure will affect 728 employees in total,…