Millions of Australians who have money deposited at their local bank branch could soon be earning next to nothing, if the Reserve Bank cuts interest rates as expected.
New data shows a record number of Australian households struggled with some degree of mortgage stress in March, as analysts warn the default risk is the highest it's been in two decades.
Small business operators say illegitimate sick days are costing them thousands of dollars a year and many blame pharmacists, who are allowed to issue "absence-from-work certificates".
The recent corporate reporting season shows shareholders have received a much greater dividend from corporate revenue growth than the companies' workers, analysts say.
An increasing number of analysts at major financial institutions are predicting official interest rate cuts in anticipation of a significant jump in the jobless rate, as construction workers get laid off.
An alarming number of natural disaster victims turn to high-cost, short-finance — or pay day loans — to avoid going broke, financial counsellors say.
Demand for housing loans is dwindling from both investors and owner-occupiers, and some experts are warning the lending slump is creating a "feedback loop that drives prices significantly lower".
Small and big businesses say they are struggling, especially those in the construction and retail sectors, putting in doubt the Reserve Bank's hope that workers will start getting bigger pay rises.
Even as several smaller lenders are raising certain home loan interest rates, some analysts are tipping most mortgage borrowers will have lower repayments in 12 months' time.
Telstra slams the National Broadband Network for doubling the cost of internet access, but NBN Co rejects the allegations and points to improved services.