Author Archives: feedsy
Consumer confidence surges on back of interest rate cut
13 March
The Reserve Bank’s first rate cut since 2020 has delivered a welcome boost to the economic outlook, but Australian consumers are still more pessimistic than optimistic. The Westpac-Melbourne Institute consumer confidence survey posted a strong...[Read More]
Rich getting richer: wealth divide hits record high
13 March
The richest Australians continue to grow richer as those on lower incomes struggle to keep up. Following a temporary narrowing due to COVID-era support payments, the wealth divide has shot to its highest level in more than 20 years, according to the...[Read More]
Scams costing Aussies $2 billion despite losses falling
13 March
Australians are getting better at identifying online con jobs but anti-scam and banking groups warn scammers are evolving, amid losses of $2 billion. Combined scam losses fell by $700 million to $2.03 billion in 2024, a 25.9 per cent drop on the...[Read More]
Women lack confidence when it comes to retirement funds
12 March
Women are less confident than men that they will have a comfortable retirement, with only 34 per cent feeling prepared for life after work. A survey of 2250 Australians revealed that more than three in five women (62 per cent) felt they would be...[Read More]
Cheaper but smarter: smartphones target budget buyers
12 March
The next wave of smartphones will arrive with artificial intelligence, multi-megapixel cameras and faster chips but without the price tags usually associated with the technology. Three manufacturers have announced plans to launch budget-friendly...[Read More]
World-first discharge for artificial heart patient
12 March
Almost two decades after his father died from heart failure, Daniel Timms has helped to transform treatment for patients across the globe. His invention, the BiVACOR Total Artificial Heart, recently marked an important milestone when an Australian...[Read More]
Space junk and carbon emissions could cut your internet
12 March
Vital services including internet access, weather forecasts and navigation could be put at risk by increasing greenhouse gas emissions, as well as growing space debris, a report has found. The warning came in a study published by the Massachusetts...[Read More]
Election push for childcare as rural kids ‘held back’
12 March
One rural family faces a five-year waiting list for childcare, while another has a 130km drive to the closest centre and many others rely on grandparents for help. Mothers in rural Australia report quitting their jobs at schools and hospitals due to...[Read More]
Australian economy to get pulse check, RBA minutes drop
6 March
Australia’s economic growth is expected to recover from its multi-decade lows when gross domestic product figures are revealed in the nation’s quarterly health check. The national accounts for December, due from the Australian Bureau of...[Read More]
Record high house prices as rate cut buoys sentiment
6 March
Relief for mortgage holders may have created pain for aspiring home owners after house prices surged to record highs following an interest rate cut. Though national prices experienced a small dip in recent months, they increased by 0.4 per cent in...[Read More]
RBA deputy denies rate cut contradicted own forecasts
6 March
The Reserve Bank of Australia’s deputy governor has defended the board’s decision to cut interest rates despite its own staff warning inflation would stay higher in the long term. In its February Statement on Monetary Policy, RBA economists...[Read More]
Revelations in minutes of interest rate drought breaker
6 March
If people want to know what’s in store for interest rates, there are two places they should look. Minutes from the Reserve Bank’s February board meeting show members highlighting the importance of inflation and wages data to its decision to cut...[Read More]
Most workers feel overwhelmed by AI but bosses want it
6 March
Most Australians are overwhelmed by changes led by artificial intelligence in the workplace, according to a top LinkedIn executive, but even more bosses are eager to deploy the technology. A study conducted for the corporate social network also...[Read More]
Butchers, bakers and makers better off in the bush
6 March
Butchers, bakers and smallgoods makers are better off living in the country, with research showing workers across nearly 100 occupations can get more bang for their buck in the bush. City-based teachers, mechanics, general practitioners, chief...[Read More]
‘Short window’ as property prices rebound on rate cut
5 March
Australia’s short-lived housing price downturn appears to be over as a modest interest rate cut fuels expectations for those seeking to get on or move up the property ladder. Property values rose 0.3 per cent across the country in February,...[Read More]