What does the budget mean for young Oz’s?

By Vesh Arumugam It is safe to say that some things most affect the young Australians. Wage growth, housing prices and mental health could be some on the tip. In today’s Federal Budget, these things were covered and let’s see what they mean to the young Australians. Firstly, wage growth. Government forecasts colossal wage growth…

Federal Budget 2019-20 Forecasts Big Surplus Before Election Campaign

By Vesh Arumugam The ruling government has announced its federal budget for 2019-20 in its pre-election stint before major campaigns start tomorrow leading up to the Federal Election in May this year. Treasurer Josh Frydenberg delivered the 2019 budget earlier today at the Parliament in Canberra. The eyeballing moment of the budget that hit most…

Apartment VS Housing: What is the best option for affordability?

As WA apartment prices decreased by 9% and housing prices decreased by 20%, this trend wonders if housing affordability is more important than ever? As new developments pop up all around our city and suburbs, has there been a shift towards apartment living, as opposed to buying your first home? Property experts believe now is…

Labor’s Wage Rise to Cost Jobs: Morrison

Prime Minister Scott Morrison has claimed increasing the minimum wage will lead to job losses, as Labor considers ways to give low paid workers a wage bump. Mr Morrison said he did not support the opposition suggestions of making changes to industrial laws to boost wages for low paid workers, concerned about the cost to…

WA’s youth unemployment rate hits high point

The latest 2019 figures from the Australian Bureau of Statistics revealed WA’s youth unemployment rate continues to stay in the double digits. The Government is being called on to action its “jobs plan” and implement policy changes to strengthen the State’s economy in the long term. Youth unemployment has increased to 17.2 per cent, with…

Stay On Top Of Your Finances In The Wake Of Banking Royal Commission

Recommendations made as a result of the royal commission could see changes to banking sector, with the big banks set to make a resurgence despite concerns over financial misconduct, transparency, and penalties for fees with no services. Financial experts explained how consumers are now more aware of what banks can be capable of, how this…

French-Italian diplomatic relations worsens

By Helene Fung Relations between long term European Union allies France and Italy hit a new low, as the French Foreign Ministry recalls its ambassador to Italy. This is in response to a series of insults from Italy, including the decision this week by Italian Deputy Prime Minister Luigi Di Maio to meet with members…

How The Royal Commission Into Banking Will Affect Young Australians

By Helene Fung Australia’s big banks are holding its breath before the release of the Royal Commission’s report into financial services.  The Commission’s final report will be made public today, after it has been delivered to the Government House in Canberra on Friday. The whole country has watched the heads of the “Big 4” banks…

State credit rating improvement after Government’s fiscal resolve

An announcement made today was welcomed by Treasurer, Ben Wyatt, as the McGowan Government achieves strong fiscal resolve towards their budget repair goal. “The improved outlook for the State’s credit rating is a strong endorsement of the McGowan Labor Government’s responsible approach to economic and financial management, which is delivering benefits for all Western Australians,”…

National Unemployment Falls to Six Year Low Five Percent

Australia’s unemployment rate has fallen to 5 per cent, the lowest level it has been since 2012. The 0.3 per cent drop marked a six-year low, with a fall in the number of people searching for work pushing the unemployment rate down. Overall numbers of people with a job increased by 5,600 people seasonally adjusted,…