Business News

More people are retiring with high mortgage debts. The implications are huge

Written by Rachel Ong ViforJ, Professor of Economics, School of Economics, Finance and Property, Curtin University

Half a million Australians aged 50 and over lost their homes in the first decade of this century.Shutterstock

The number of mature age Australians carrying mortgage debt into retirement is soaring.

And on average each mature age Australian with a mortgage debt owes much more relative to their income than 25 years ago.

Microdata from the Bureau of...

Halving the fuel excise is smart politics, but flawed policy
With fuel prices staying high, the federal government has announced a halving of the fuel excise for three months. This will …
Why does chocolate cost so much this Easter, when cocoa’s price is at a 3-year low?
Consumer group Choice found some chocolate treats, like these Easter eggs, have become smaller and more expensive since last …
‘Drive-off’ fuel thefts cost $80 million even before the war – and they’re heading up
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War could add an extra 5% to prices in Australia – but there’s one sector that shields the economy
A drawn-out war in the Middle East could add an extra 5% to existing inflation in Australia, our new modelling shows.We looke…
Compulsory super is higher than ever at 12%. But cutting it would hurt low-paid workers most
Unsplash, Canva, The Conversation, CC BY-NCA central element of Australia’s superannuation system is the superannuation…
A crucial meeting aims to remake the WTO to fit the new global order
Getty ImagesWith the global rules-based order collapsing, the United Nations faces an existential crisis as the United States…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

Essential Reasons to Opt for a Professional Valuation Before Selling Your Commercial Property
In the dynamic world of real estate, commercial properties hold a pivotal position. They represent not only a significant financial asset but also a crucial business investment. When contemplating the…

Decorative Acoustic Panels can Beautify Your Space
Definition of Decorative Acoustic Panels Decorative acoustic panels are an effective way to reduce noise and provide a decorative touch to any interior space. Acoustic panels are designed to absorb sound…
Top 5 Projects That Require a Professional Newtown Electrician
When it comes to electrical installations and repairs, the effectiveness of your home’s electrical systems and the safety of its inhabitants are crucial considerations. Particularly in Newtown, Sydney, where historic…
10 notable trends from the new HILDA survey
ShutterstockAustralia is changing, and some emerging trends may surprise you. The Household, Income and Labour Dynamics in Australia (HILDA) survey tells the stories of the same group of Australians over…

How to Apply for More Jobs in Less Time Using AI Automation

Most job seekers spend 11 to 14 hours per week on applications and still hear nothing back. That's not a motivation problem. That's a process proble...

Why Middle Australia Is Quietly Driving the Shift Away From Car Ownership

The narrative around changing attitudes to car ownership has long focused on Gen Z. Younger Australians are often portrayed as the generation movi...

Launchd Acquires WeAreTENZING as ANZ Creator Economy Spend Nears $1 Billion

Launchd, Australia's leading talent-first creator economy group, has acquired WeAreTENZING, one of New Zealand's most respected talent agencies, b...

Time to punch above our weight and stop shadowboxing on AI

Australia prides itself on being an innovation economy. We celebrate startups, talk about productivity, and lean into our reputation for punching ...

Colter Bay Capital Launches as Australia’s Newest Institutional Private Credit Fund

Led by seasoned capital markets veteran Mark Wang, the fund is purpose-built to serve Australia’s most productive yet chronically underserved busi...

Global Thryv voices bring a sharper lens to International Women’s Day

Thryv® (NASDAQ: THRY), ANZ’s leading AI-enabled small business marketing software platform provider, marks International Women’s Day (IWD) with a bu...

More people are retiring with high mortgage debts. The implications are huge

Halving the fuel excise is smart politics, but flawed policy

Why does chocolate cost so much this Easter, when cocoa’s price is at a 3-year low?

‘Drive-off’ fuel thefts cost $80 million even before the war – and they’re heading up

War could add an extra 5% to prices in Australia – but there’s one sector that shields the economy

Compulsory super is higher than ever at 12%. But cutting it would hurt low-paid workers most

A crucial meeting aims to remake the WTO to fit the new global order

Traditions of Rural Bali at Villa Sabana

Essential Reasons to Opt for a Professional Valuation Before Selling Your Commercial Property

Decorative Acoustic Panels can Beautify Your Space

Top 5 Projects That Require a Professional Newtown Electrician

10 notable trends from the new HILDA survey

How to Apply for More Jobs in Less Time Using AI Automation

Why Middle Australia Is Quietly Driving the Shift Away From Car Ownership

Launchd Acquires WeAreTENZING as ANZ Creator Economy Spend Nears $1 Billion

Time to punch above our weight and stop shadowboxing on AI

Colter Bay Capital Launches as Australia’s Newest Institutional Private Credit Fund

Global Thryv voices bring a sharper lens to International Women’s Day

How Contiki is Redefining Travel for Young Adventurers

Navigating the Cosmetic Advertising Crackdown Before September Guidelines Hit

Defining Actionable AI for Australian IT Efficiency and Security