Australia's inflation rate rose 7.8% from a year earlier and hit a 33-year high in the final quarter of 2022, exceeding forecasts and prompting money markets to price in an interest-rate hike at the RBA meeting on Tuesday.
Core inflation, a measure preferred by the RBA, accelerated to 6.9% year on year in the October to December quarter, exceeding economists' forecast of 6.5%. The result indicates inflation remains very strong even after 3 percent...
Core inflation, a measure preferred by the RBA, accelerated to 6.9% year on year in the October to December quarter, exceeding economists' forecast of 6.5%. The result indicates inflation remains very strong even after 3 percent...
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The S&P/ASX 200 Index lost 10.19% between 1 July 2021 and 30 June 2022, which gave investors a hard time and set a hard act for most ASX ETFs to follow![]()
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Most ASX-based index funds would have given investors a similar return to the index. But there are some of the funds that outperform the ASX 200![]()
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1. $BetaShares Glb Agltr Coms ETF-Ccy Hdg (FOOD.AU)$
FOOD is an agricultural-based ETF for investors to cash in on rising food company profit. It tracks a por...
Most ASX-based index funds would have given investors a similar return to the index. But there are some of the funds that outperform the ASX 200
1. $BetaShares Glb Agltr Coms ETF-Ccy Hdg (FOOD.AU)$
FOOD is an agricultural-based ETF for investors to cash in on rising food company profit. It tracks a por...
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Increasing risk of house prices crash
The chance of house prices crashing in the next 12 months has increased dramatically as the Reserve Bank of Australia raises interest rates aggressively, experts say.
"I think it's fair to say the risk of a house price crash over the next 12 months has been heightened significantly by the big jump in interest rates," said Mark Bainey, Sydney-based developer and chief executive of Capio Prope...
The chance of house prices crashing in the next 12 months has increased dramatically as the Reserve Bank of Australia raises interest rates aggressively, experts say.
"I think it's fair to say the risk of a house price crash over the next 12 months has been heightened significantly by the big jump in interest rates," said Mark Bainey, Sydney-based developer and chief executive of Capio Prope...
The Reserve Bank of Australia (RBA) is overwhelmingly expected to raise interest rates by half a percentage point this afternoon.
Why? Because it desperately tries to ease Australia's cost of living pressures.
The nation's headline inflation rate jumped to 5.1 per cent in the March quarter (its highest level in 21 years), and is expected to surge to 7 per cent by December.
According to market pricing, the most likely outcome today is ...
Why? Because it desperately tries to ease Australia's cost of living pressures.
The nation's headline inflation rate jumped to 5.1 per cent in the March quarter (its highest level in 21 years), and is expected to surge to 7 per cent by December.
According to market pricing, the most likely outcome today is ...
Columns KFC is facing a new threat
Fast food giant KFC has been forced to put cabbage in its burgers and wraps in Australia as the country is struggling with a lettuce shortage.
Shoppers in Australia have been hit with soaring prices for some fresh fruits and vegetables. They have posted photos of lettuces costing A$10, three times the usual price.
Now they're facing a new threat.
Whole cabbages are currently out of stock at Woolworths, with half cabbages selling for $3.50 a pop, or $5.20 for half an o...
Shoppers in Australia have been hit with soaring prices for some fresh fruits and vegetables. They have posted photos of lettuces costing A$10, three times the usual price.
Now they're facing a new threat.
Whole cabbages are currently out of stock at Woolworths, with half cabbages selling for $3.50 a pop, or $5.20 for half an o...
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The Reserve Bank of Australia raised by a larger-than-expected 50 basis points last week, taking the cash rate to 0.85%.
The RBA will raise its cash rate to 1.35% next month, according to 19 of 24 economists surveyed by Bloomberg between June 9-13.
In a television interview on Tuesday night, the Reserve Bank governor Philip Lowe has warned Australians they need to be prepared for substantial interest rate rises over the rest o...
The RBA will raise its cash rate to 1.35% next month, according to 19 of 24 economists surveyed by Bloomberg between June 9-13.
In a television interview on Tuesday night, the Reserve Bank governor Philip Lowe has warned Australians they need to be prepared for substantial interest rate rises over the rest o...
Amani koala
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Australian workers will get a 5.2% wage boost under the Fair Work Commission's (FWC) decision on the minimum wage today and come into effect on July 1![]()
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Since 2021, Australia's minimum wage had been $20.33 an hour or $772.60 a week, that will now rise to $21.38 an hour, or $812.60 a week, amounting to a $40 per week increase.
FWC President Ian Ross cited the sharp increase in cost of living, along with rising inflation, as key reasons behind the decision.
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Since 2021, Australia's minimum wage had been $20.33 an hour or $772.60 a week, that will now rise to $21.38 an hour, or $812.60 a week, amounting to a $40 per week increase.
FWC President Ian Ross cited the sharp increase in cost of living, along with rising inflation, as key reasons behind the decision.
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The Reserve Bank of Australia's decision to hike interest rates by 50 basis points on 7th June, taking the cash rate target to 0.85%, has inflicted further pain on mortgage holders![]()
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The mortgage holders' monthly repayments has raised sharply, while wage growth remaining sluggish.
However, the RBA is likely not going to stop at this. Australian inflation and interest rates are likely go up by "a lot more," and homeowners who recentl...
The mortgage holders' monthly repayments has raised sharply, while wage growth remaining sluggish.
However, the RBA is likely not going to stop at this. Australian inflation and interest rates are likely go up by "a lot more," and homeowners who recentl...
Amani koala
commented on
As interest rates rise, Sydney house prices are dropping and experts say it is a "bellwether" for what is about to happen across the rest of the country.
Real estate agent Mario Carbone, who works for Ray White in Sydney's inner west, has already noticed a substantial drop in buyer activity.
"It's dropped by about 47 per cent, from foot traffic to the open homes, online inquiries, even the phone calls, we get day to day," he said.
On Tuesday, th...
Real estate agent Mario Carbone, who works for Ray White in Sydney's inner west, has already noticed a substantial drop in buyer activity.
"It's dropped by about 47 per cent, from foot traffic to the open homes, online inquiries, even the phone calls, we get day to day," he said.
On Tuesday, th...
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Farmers are sowing winter wheat at a near-record pace in Australia, one of the world's largest exporters of the grain.
High prices and supportive seasonal conditions have spurred growers to increase the planted area for wheat by 1%, while for canola it's expanded 12% to a record. Wheat production is estimated at 30.3 million tons in 2022-23, or 22% above the 10-year average, says government forecaster Abares.
The prospect of more supply fr...
High prices and supportive seasonal conditions have spurred growers to increase the planted area for wheat by 1%, while for canola it's expanded 12% to a record. Wheat production is estimated at 30.3 million tons in 2022-23, or 22% above the 10-year average, says government forecaster Abares.
The prospect of more supply fr...
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