The Reserve Bank has reserved the right to return to 50 basis point rate rises in the new year, as it delivered an alarming warning to Australian mortgage holders. Earlier this month, the central bank pushed up the cash rate by 25 basis points to 3.1 per cent. The minutes of the board meeting that prompted that decision, released on ...

Power bill blowouts will be eased dramatically after federal parliament agreed to impose a year-long price cap on coal and gas in a bid to keep households $230 better off than they otherwise would have been. But it’s come with a warning that Australians will still face higher power bills, but the government’s emergency package – including an unprecedented market ...

The state’s most desperate Christmas shoppers have been revealed by new credit card spending analysis. Consumers in Mosman and Dubbo will do the most last-minute buying, research from NAB shows. Panicked present purchasing will peak between midday and 1pm on Friday, the bank’s interrogation of 30 million transactions has found. If you’re thinking they’re buying it all online and therefore ...

The Australian Bureau of Statistics has revealed the nation’s latest population figures and the state with the highest increase. Australia’s population grew by just 1.1 per cent during the year ending June 30, due in part to the Covid-19 pandemic, according to the latest data from the Australian Bureau of Statistics. The population reached 25.98 million after an increase of ...

Australia is doubling down on its call for China to scrap $20 billion worth of trade sanctions, urging it to act “wisely” in its diplomacy. Foreign Minister Penny Wong admitted only China could make the choice to remove the restrictions slapped on Australian wine, beef, barley and more in 2020, but again insisted it would benefit both nations. Senator Wong ...

Under-fire Reserve Bank of Australia Governor Philip Lowe says he has no intention of resigning. Economists, politicians and borrowers have criticised Mr Lowe over the RBA’s forward guidance on interest rates, which proved to be woefully inaccurate. During 2020 and last year, Mr Lowe repeatedly indicated the cash rate was likely to remain at 0.1 per cent to as far ...

The sails of Sydney Opera House will turn blue on Wednesday night to honour two brave police officers who died in Monday’s horrific siege across the border in Queensland. NSW Premier Dominic Perrottet said the Sydney tribute was fitting for the pair who lost their lives after attending the rural Queensland property at the behest of NSW Police to find ...

Health Minister Brad Hazzard has slammed Labor and the unions for attacking the NSW health system after a national report revealed the state was leading the nation in hospital performance. Mr Hazzard seized on the new national analysis — which looked at hospital performance between 2017-2022 — to undermine Labor’s repeated attacks on the health system. NSW hospitals outperformed WA, ...

Parents with children in Year 5 at the embattled Cranbrook School have been told they will be charged $50 a day to use an after hours homework program in the school’s study centre which was built on the back of generous donations of current families and alumni. The move has outraged the less well heeled parents at the school who ...

The Prime Minister has reportedly issued demands to two states after the premiers called for compensation on coal price caps that would bring relief to Australian households struggling with energy bills. Anthony Albanese has told two states to impose its own price caps after the premiers flagged the need for compensation over fears about lost royalties. The Prime Minister told ...