Australians living in outer-city suburbs and rural areas are the biggest beneficiaries of the government's reworked stage 3 tax cuts, new analysis shows.
Despite headline data suggesting the cost of living crisis may finally be easing, few Australian households would have found covering their essentials has got any easier.
The world's most valuable automaker said its sales growth this year "may be notably lower" than last as it continued developing the "next-generation" vehicle, likely a lower-priced model.
A 'novelty' alcoholic drink sold at Dan Murphy's and BWS stores across Australia has been recalled because of fears a button battery may become loose, leading to severe or fatal injuries.
Economists might be predicting an interest rate cut or two in the latter half of the year, but the IMF has called on the Reserve Bank to push rates in the other direction.
While pay for corporate chiefs has dipped amid, CEOs continue to rake in amounts most Aussies only dream of, the Australian Financial Review survey found.
Australian wages have recorded the largest quarterly growth in the 26-year history of the Wage Price Index, but still remain below the level of inflation.
The long-term impact of interest rate rises has delivered almost half of mortgage holders a hip pocket hit reaching well into the tens of thousands of dollars, according to new research.
Michele Bullock has refused to be drawn on whether yesterday's inflation data has made a November interest rates rise more likely, but has delivered a worrisome warning to the nation's renters.
Coles has seen its supermarket revenue jump by 4.7 per cent in its first quarter results as households turn away from dining out amid the cost of living crisis.
Market analysts are predicting the Reserve Bank will hike interest rates when they next meet on November 7, just half an hour before the race that stops the nation.
Inflation in Australia has largely beaten expectations, raising fears among borrowers that the RBA will be forced to deliver another interest rate hike.