Oasis tour tunes up economy but clouds rate cut hopes
Britpop giant Oasis and Black Friday bargains have helped bring Australia's economy back in tune, adding to the case against Reserve Bank rate cuts.
Britpop giant Oasis and Black Friday bargains have helped bring Australia's economy back in tune, adding to the case against Reserve Bank rate cuts.
Strong spending data has increased the risk of higher inflation and interest rates, but dampened consumer confidence could foreshadow softer consumption.
Settle Easy, one of Australia’s fastest-growing online conveyancing providers, has cracked the industry’s top 10 on the back of a bumper year of growth.
A sharper-than-expected fall in inflation will encourage the Reserve Bank of Australia, but underlying price growth remains too hot for comfort.
Home prices around the nation increased slightly in December to a new record high of $880,000 as Adelaide, Brisbane and Perth led the charge.
A worsening outlook for interest rates will put a dampener on Australia's property market in 2026 but records are still expected to tumble across the country.
Mortgage holders have been warned not to expect relief anytime soon with the latest inflation figures unlikely to significantly influence the RBA's thinking.
A five per cent deposit guarantee is helping first homebuyers into the market but ensuring they pay more for the privilege.
Rent has soared to a median of $817 a week in Australia's most expensive city as a lack of supply stretches affordability to the limits around the nation.
The popularity of urban living is expected to flourish in Australia in the coming decades, with growth concentrated in the country's two largest capital cities.