Finance

The debate surrounding negative gearing and capital gains tax has reignited as a federal election looms.

The data also revealed that 45 per cent of Sydney service stations are staying in the top end of the petrol price cycle for longer, and are charging the maximum prices possible.

"My concern with the proposals that have been put forward from time to time about negative gearing is that they won't have a positive impact on supply."

EnergyAustralia has been fined $14 million by the Federal Court for misleading hundreds of thousands of consumers about electricity prices.

The beleaguered gaming company has secured a $200 million lifeline from to help it through financial challenges.

Just days after they were taken to court over allegedly misleading discounts, a government-funded report has found Woolworths and Coles are far from the best-value supermarket in Australia.

Struggling university student Megan Guy and a friend approached Amanda Bardwell for answers at Woolworths Warrawong in the NSW Illawarra region.

Inflation is now within the Reserve Bank's target range - but mortgage holders are still unlikely to see relief just yet.

After losing her son, Rhys, to the illegal scheme, Jennifer is pleading for the sealed section to be made public.

Negative gearing is looming as a political flashpoint after the PM didn't rule out changes to generous property tax concessions.

First home deposits have risen an incredible 99 per cent in 12 years - and wages haven't kept up.

It said pandemic-era debt, high interest rates and operating costs, and uncompetitive milk prices had forced it into the decision.

The slew of borrowers desperate for a cut were left disappointed for the seventh meeting in a row.

Rising prices were behind the grim outlook felt by millions of Australians, new research has found.

As it stands, Afterpay enforced an estimated spend limit for users based on payment history including how many late repayments there have been.

A staggering 66 per cent of the $14.5 billion figure in June were interest charges, Canstar found.

There's been a slight dip in households struggling to make their payments thanks to tax cuts, but that could change.

Single households on JobSeeker are feeling the cost of living crisis the worst, spending a seemingly impossible 110 per cent of their income on rent.

It has been in the hands of the famous retailing family for more than 100 years, but they say it is time to pass the keys to new owners.

Soaring property prices and high interest rates have created a perfect storm – and there's no sign of relief in sight.

"It's the largest it's ever been, and it's money that could be benefitting all Australians."

It might seem like a lot, but parents and grandparents had it way better than today's kids.

Michele Bullock has poured cold water on the prospect of an interest rate cut anytime soon, raising the spectre of a potential hike in a speech today.

New GDP figures show the economy is growing at the slowest rate since 1992, outside of pandemic disruptions.

Over the weekend, videos appeared on the app showing people depositing checks for large sums of money at Chase ATMs and then making a withdrawal for a smaller yet substantial amount, leading them to believe they had discovered a bug and were hitting the jackpot.

There's a new member of the $1 trillion company club — and for the first time, it isn't a technology company.

The iconic Tea Gardens pub at Bondi Junction in Sydney's east has sold for $75 million - doubling in value since it last changed hands ten years ago.

The Gold Coast is now trailing only Sydney as the second most expensive property market in Australia with house prices growing more than 9 per cent in 12 months.

The RBA has held its nerve amid wild market swings and grim economic forecasts.

Australian markets will open nervously this morning after Wall Street tumbled overnight as fears about a slowing US economy prompt a global stock sell-off.

Economists are predicting the cash rate to stay on hold when the RBA meets next week, but there is hope on the horizon for mortgage holders.

New data from the Australian Bureau of Statistics (ABS) showed the consumer price index rose 1.0 per cent in the June 2024 quarter and 3.8 per cent annually.

It's the question all of Australia – particularly the 3.2 million mortgage holders – desperately want an answer to.

While households are feeling the bite of the cost-of-living crisis, a pollster expects the number of homeowners in stress to drop in the next few months.

NAB has become the first of the big four banks to cut fixed-term interest rates, a move that signals an official rate drop may be on the horizon.

Years after they were first announced, and months after they were significantly reworked, the stage 3 tax cuts are finally about to come into effect.

Up to seven in 10 homes could face NBN price hikes this July, with a Standard NBN plan set to cost over $100 a month for the first time ever at Australia's biggest provider, Telstra.

Persistent inflation and high interest rates are putting many households' finances in a vice grip.

The new data comes with many Australian households desperate for an interest rate cut.

The department store has launched a takeover bid for a group of retail clothing brands including Just Jeans and Jay Jays.

An Australian fund manager responsible for a portfolio worth more than $21 billion is frustrated with the lack of public support for people doing it tough but says there are certain tactics that can be used to help gain financial independence.

Guzman y Gomez has seen its valuation soar by more than 35 per cent after listing on the share market.

A new analysis of dwelling price data has painted a dire picture of the impact of rate rises on Australians' ability to pay a mortgage.

Plenty more are on the verge of joining them, too, according to a new survey.

The issue is costing the nation a whopping $1.2 billion every year.

After years of high inflation and interest rates, it's little surprise that the cost of living was the top reason causing people to seek new work.

Australia's financial regulators have warned more and more homeowners are falling behind on their mortgage repayments on the same day ANZ said relief is even further away than hoped.

The business has paused operations, but its Australian founder says it could still be worth $1 billion.

Eighty per cent of people aged 65 and over think 'their children face harder or similar financial challenges now compared with them at the same age'.

Michele Bullock has issued a word of caution to the Australians hoping for an interest rate cut.