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1 week ago | 
abc.net.au | Nadia Daly
With home ownership further out of reach than ever for younger Australians, some are pondering whether their locked-away retirement funds would be better off used now, to buy a house. Jordan Davies is one young person who views home ownership as out of reach, despite the 28-year-old feeling that he is relatively well-off, with a decent job and stable salary. "It's still difficult to obtain finance in the amount that is needed to purchase a property," he told ABC News.
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3 weeks ago | 
abc.net.au | Nadia Daly
After a brief downturn home prices have rebounded to new heights, but analysts say growth is likely to be contained. Rents have also reached record highs but growth is expected to slow.
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3 weeks ago | 
abc.net.au | Gareth Hutchens |Nadia Daly |Stephanie Chalmers |Kate Ainsworth
The ASX 200 closed moderately higher after seesawing through the day, as the RBA prepares to meet on interest rates on Monday. Meanwhile, analysts expect the election to have a "limited" impact on markets.
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2 months ago | 
abc.net.au | Nadia Daly
Inflation, global uncertainty and a tight jobs market are making conditions tough for Australian businesses and many are expecting it to get worse before it gets better. Builder Joey Pamment's work has slowed by up to 75 per cent compared to the COVID years, when the construction industry was booming. "It's a tough time to be a builder," he told the ABC.
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Jan 22, 2025 | 
abc.net.au | Nadia Daly
So what's behind that surge on US markets? IT stocks on the S&P500 and the NASDAQ have been buoyed by President Trump's $100b AI infrastructure announcement, in partnership with Softbank, Oracle, OpenAI and others. Though Elon Musk (unofficial Presidential Bestie) has reportedly cast doubt on the plan, saying some of the firms “don’t actually have the money”.
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Jan 12, 2025 | 
abc.net.au | Nadia Daly
A record number of Australians are picking up two or more jobs or "side hustles" in an effort to make ends meet. Experts say the trend is driven by rising cost-of-living pressures, with inflation having risen faster than wages until recently. The Australian Tax Office warns that any extra income may be liable to extra tax. The higher cost of living and growth of part time and contract work is fuelling a rise in people taking on second jobs or ‘side hustles’, according to experts.
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Dec 9, 2024 | 
abc.net.au | Nadia Daly
As insurance premiums surge, there are warnings that tens of thousands of households could be breaching their mortgage contracts by ditching their home insurance. A report by the Actuaries Institute found 1.6 million homes around the country were experiencing "extreme home insurance affordability pressures", which means they were paying more than a month's worth of pre-tax household income on insurance.
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Nov 20, 2024 | 
abc.net.au | Nadia Daly
In case you missed it, here's what was on The Business last night:Business failures have hit their highest level since October 2020 — the previous record level — with the hospitality and construction sectors seeing the most insolvencies, according to CreditorWatch. Higher prices and interest rates are keeping spending subdued, while businesses are juggling rising rent, electricity prices and increases to the minimum wage.
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Oct 30, 2024 | 
abc.net.au | Nadia Daly
When Raj first moved to Australia to begin a Masters in Business at Adelaide University, he was fulfilling a lifelong ambition to study abroad. "I think it started off as a dream," he recalled. Today he has a happy home, sharing with a flatmate and a dog, Biggie, but when Raj first landed in 2022, it was extremely difficult to secure a place to live, as a student with no local rental history nor employment.
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Oct 6, 2024 | 
abc.net.au | Nadia Daly
In the murky world of scammers, Australians have an international reputation for being easy targets. Considered wealthy, trusting and weak when it comes to law enforcement, an ABC investigation into investment scamming has heard first-hand how criminals view Australia. It comes as the latest data reveals Australians lost around 300-million dollars to these scams in 2023.
