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The Latest Breaking News from Shane Oliver

Girl, 12, shot in head and killed a few miles from where dad was brutally gunned down

Se'Cret Pierce was hit in the head by a stray bullet on April 20 while sat in a parked car in Hartford, Connecticut - just over 10 years after her father, Shane Oliver, was shot in the back just several miles away

Daily Mirror

Gunfire took their son at 20. Now it takes his daughter, 12

A Connecticut family is reeling from its latest ordeal because of gun violence

The Independent UK

Inflation data to set the scene for next cash rate call

There will be a lot riding on the quarterly inflation figures as the Reserve Bank board tries to determine if it's done enough to rein in rising prices.

AAP

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Furniture companies collapse under crunch 'identical' to construction sector, leaving customers thousands of dollars out of pocket

The peak body for the furnishing industry says it's facing similar pressures to the ailing construction sector, with supply delays, rising costs and staff shortages.

ABC News

Could interest rates in Australia fall after the collapse of two US banks?

If the Reserve Bank of Australia (RBA) wanted an excuse to end interest rate hikes, the collapse of two US banks just gave it one.

ABC News

Construction company collapses tipped to continue due to rising material costs, interest rates hikes

Experts say the rate of construction companies going broke is set to continue across the country, as material costs and interest rates rise. Some builders say the situation is tougher than following the global financial crisis.

ABC News

The Reserve Bank is tipped to raise interest rates again, even as some families struggle to meet higher home loan repayments

Australia's major banks expect the Reserve Bank will lift the cash rate to its highest level since May 2012 later today, but thousands of families like Le Tran's are already having to make sacrifices to make ends meet.

ABC News

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Million households 'vulnerable' to rising interest rates, and their cuts could cause recession

A prominent economist now puts the risk of recession at 50 per cent, as households face the prospect of making substantial spending cuts to meet rising home loan repayments.

ABC News

RBA strikes again with rate rise

The increase marks the ninth consecutive rate hike since May 2022.

Newcastle Herald

Australian households should prepare for many more rate hikes this year, experts warn

A leading economist was overwhelmed with interest after releasing RBA cash rate research. Here's why.

ABC News

How to keep investing as sharemarkets fall, interest rates rise and property dips

We've lived through some benign investing times with property and shares rising as interest rates fell for a decade, but things are changing.

The New Daily

The Australian suburbs where house and unit values have risen the most since COVID-19 hit

One capital city led the charge with eye-watering gains, and some suburbs posting almost 80 per cent growth in housing values since the onset of COVID-19.

ABC News

Michael Pascoe: RBA on the precipice of its second big mistake

The RBA needs to chill to find out what it has actually done, Michael Pascoe writes.

The New Daily

This latest increase in RBA interest rates might well be the last, for some time

You might not know it from reading Tuesday’s statement announcing Australia’s eighth consecutive increase in interest rates, but our Reserve Bank might finally have done enough.

The Conversation

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The New Daily

Property price falls slowing, but still far from over

Home owners have been hit hard as property prices plummet this year, but new data shows the fall is slowing down.

Pedestrian.tv

Why Doesn’t Australia Have A 4-Day Work Week When It Sounds Like Fkn Bliss? An Investigation

A day for fun, a day for tasks, a day for rest.

The New Daily

Alan Kohler: Economists disagree on where interest rates are heading – shock

It’s hard to recall a time when the interest rate forecasts of economists were as widely, and wildly, different as they are now.

AAP

Consumers brush off rate rises again

Rising interest rates are yet to dent our appetite for spending, with Australians still dropping cash readily in department stores and cafes.

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ABC News

Mortgage borrowers and renters told to brace for big financial hit by December

The full budget impact of the second most aggressive interest rate hiking cycle in the Reserve Bank's history is still months from being felt by millions of households.

ABC News

Economists deeply divided over Reserve Bank's likely interest rate trajectory

The major banks are deeply divided about the outlook for interest rates, and the difference is worth about $284 a month to a typical recent home buyer. So who will be right?

The New Daily

Labor is holding a jobs summit in September. Here’s what it hopes to achieve

The Albanese government has confirmed it will hold a Jobs and Skills Summit on September 1-2 as part of a longer-term plan to deliver a new jobs policy.

The New Daily

Shrinking households help drive up national rents at record pace

Shrinking households and a limited supply of rental properties have combined to push up rents at the fastest annual pace since 2008.

The New Daily

Sydney and Melbourne lead accelerating housing downturn

Sydney and Melbourne are leading Australia's falling house prices, which are gathering momentum as interest rates rise and consumer confidence takes a hit.

ABC News

Market sell-off a 'real downturn' and risk of global recession close to 50-50, analyst warns

The Australian share market has dropped by more than 15 per cent from its record high, sliding closer towards a bear market. Some investors may be tempted to "buy the dip", but analysts say there is "further downside" ahead.

ABC News

Wage debates and inflation are just the tip of what business want the new government to tackle

Businesses are battling rising costs, while their customers' purse strings are tightening. Tackling this situation will be the new government's great task, and there's only so much it can do to control some broad economic pressures.

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