Cost of Living
Cost of Living | LATEST STORIES
Labor’s Super Tax to Hit 500,000 Australians Due to Lack of Indexation: Report
The FSC found that if the threshold were indexed annually at 2.5 percent, the number of people hit by the tax at retirement would plummet to just over 64,000.
200 Percent Growth? Queensland’s Property Market Slated for Olympic Lift-Off
One real estate research firm says based on current predictions, South East Queensland property values could double—twice—in the next 10 years.
No Booze, No Bets: Expert Warns New Super Tax Penalises Prudent Savers
Australia’s Labor government is pushing through a higher tax on individual retirement savings.
Australia’s Economy Continues Flatline Performance Recording 0.2 Percent Growth
The latest accounts showed low figures all round with low private and public investment.
ASIC Sues Choosi, Says It Compared Policies From Just 1 Insurer
ASIC says Choosi mainly promoted Hannover-issued policies since July 2019, with just one exception in the entire period.
Australian Minimum Wage to Increase by 3.5 Percent
Millions will see their wages rise more than inflation.
NSW Announces Housing Expansion After Rosehill Development Setback
The number of apartments under the Sydney Fish Market redevelopment project will increase by 320 to 1,500.
Victoria Temporarily Backs Down on ‘Emergency Services’ Levy After Hundreds Protest
The levy was supposed to charge farmers an extra 100 to 200 percent.
Australia’s Largest Council Cuts Nearly $500 Million in Spending, Pledges to Lower Rates
‘Our council is committed to spending within its means, so we don’t add unnecessary costs onto residents now and into the future,’ said Mayor Adrian Schrinner.
Egg Prices Soar 19 Percent in a Year After Bird Flu Culls Claimed 1 Million Chickens
Millions of birds were culled in Australia in response to the outbreaks.
Labor’s Super Tax Push Risks Driving Australians out of Self-Managed Funds: Former Senator
People First Party leader Gerard Rennick said the proposed super tax could result in higher compliance costs for self-managed super funds.
Australia Official Inflation Holds Steady, Despite Surge in Prices for Day-to-Day Goods
Egg prices surge 18.6 percent due to bird flu, while electricity bills drop 6.5 percent over the year thanks to state and federal government rebates.
Cost of Tasmania’s Stadium Project Blows Out to Nearly $1 Billion
The government said the cost increase was necessary to ensure that the stadium was fit for multi-purposes.
They Swung Behind Labor, Now This Migrant Group Says Its Time to Deal With ‘Crushing’ Inflation
‘Rent is so high, electricity bills are high, and the cost of living has skyrocketed,’ says one Sydney business owner.
Albanese Says Australia Must Deal With ‘Climate Change’ as Power Prices Increase
Australian households will face electricity price hikes of up to 10 percent.
Aussies Warned Electricity Prices Could Increase: NSW Residents Face 9 Percent Spike
The Australian Energy Regulator released its latest Default Market Offer (DMO) for energy prices in NSW, Queensland, and South Australia.
Australians Lose $13.7 Million to Fake Job Ads Amid Cost-of-Living Strain
The report reveals scams grew 151 percent in a year targeting financially vulnerable Australians.
RBA Acts Again, Cuts Cash Rate to 3.85 Percent
The RBA Board said inflation had ‘fallen substantially’ from its 2022 peak, with higher interest rates helping bring demand and supply into better alignment.
Japanese Energy Companies Rake In $1 Billion from Reselling Australian Gas: Analysis
This comes as Australia is expected to face a potential gas shortage and may need to import gas within the next two years.
Calls for Australia to Cut Company Tax Rate, Lower Energy Costs to Rejuvenate Economy
‘Productivity growth isn’t about working harder. And it’s not just about having more stuff. It means making the most of what we have,’ said PC chair.
