People are thinking twice about spending their money
Consumer sentiment is weaker but discretionary spending is not 'falling off a cliff in Australia'.
Consumer sentiment is weaker but discretionary spending is not 'falling off a cliff in Australia'.
Premier says 'Queensland now has more homes under construction than at any point in the state's history'.
Leading economists believe interest rates will remain on hold despite elevated inflation and cost of living pressures.
Regional small businesses suffering under rising costs, housing shortages, limited access to essential services and workforce challenges.
'Large parts of Australian cities remain subject to lot size requirements that no longer reflect modern housing needs.'
A historically significant native title has been handed back to traditional ancestors following a long and difficult federal court judgment.
A historic greyhound racetrack will be shuttered by year's end as the housing crunch forces a government to think outside the box and consolidate prized land.
Australian bonds traders are fully pricing in another Reserve Bank rate hike by the end of the year after a surprisingly strong rise in employment in June.
Property expert says when interest rates are higher, it reduces borrowing capacity and makes it difficult to save for a home.
ABS labour market figures 'represent a stronger June movement than has been observed in recent years'.