Recent data from the Australian Bureau of Statistics (ABS) reveals a 0.6% rise in the Consumer Price Index (CPI) for the December 2023 quarter, marking the slowest quarterly increase since March 2021. This brings the annual inflation rate down to 4.1% from 7.8% in 2022, hinting at a potential pause in the Reserve Bank of…
Do you feel rich? Well, the average Aussie says they’d need to earn a significant amount of money to feel rich, according to new research. A recent Finder’s survey revealed the average Australian wouldn’t consider themselves affluent until they were earning $345,819 per year. That’s almost 5 times greater than the average personal income of…
Australians seem to keen to hold on to their cash, ready for a rainy day and managed to stash more than $10 billion extra in the bank in the month of November alone. The latest APRA data shows household deposits continue to climb, with Aussies stashing an extra $10.5 billion in the bank in the…
Australia’s population has soared to 26.6 million people, rising 2.4 per cent in the past year, as overseas migration reaches record levels, new data has found. Overseas migration has risen dramatically by 72.7 per cent in the past year, adding 518,000 people to Australia’s population in the 2022-23 financial year, according to the latest data…
Working from home is still more common among Australians after the COVID-19 pandemic, but less than it was two years ago, according to new data from the Australian Bureau of Statistics (ABS). Bjorn Jarvis, ABS head of labour statistics, said: “Prior to the pandemic, the percentage of employed people working from home regularly had been…
What do you do with unwanted Christmas gifts? Well, according to new research from Compare the Market, a surprisingly high number of Aussies don’t keep the gifts they receive over the festive period. In fact, 1 in 5 Aussies admit to regifting duplicate presents or gifts they don’t like at Christmas. Around 16% of respondents who…
How are you financing your Christmas shopping this year? Well, according to the latest data from Finder, millions of Australians are expected to land themselves in debt over Christmas that could take months to repay. Their survey of 1,056 respondents found more than a fifth (21%) of Aussies – equivalent to 4.2 million people –…
What are the most in-demand jobs in Australia today? Well, the latest Skills Priority List found that technicians and trade workers remain the most in-demand with 50 per cent of occupations in the category experiencing labour scarcity. The list also highlighted that 66 new occupations have made the annual skill shortage list in 2023, including…
Despite high interest rates and the rising cost of living the total amount in residential offset accounts has risen to a new record high of $257.20 billion as borrowers stash cash in their mortgages to mitigate the impact of the RBA hikes. The latest APRA’s Quarterly ADI Property Exposure statistics shows that money in residential…
Aussies are still stashing cash, with household deposits increasing by over $7 billion in October and setting yet another record high at over $1.42 trillion. The latest APRA’s monthly authorised deposit-taking institution statistics show despite increased cost of living pressures, Australians are continuing to stash their cash in the bank, with more than $99 billion…
