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Showing 1 - 10 of 1880 results for "Australian Bureau of Statistics"

Australians need $1.6m for comfortable retirement: Survey

KARREN VERGARA  |  MONDAY, 22 APR 2024
... money (80%). This is despite the reality that Australians' life expectancy lengthens. The Australian Bureau of Statistics estimates that men's life expectancy has reached 81.2 years for males and 85.3 years for females. Seventy percent of retirees ...

Australian housing crisis escalates as affordability worsens

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
... to Queensland Investment Corporation (QIC) senior economists. The economists pointed out that Australian Bureau of Statistics (ABS) data from February revealed a significant decline in building approvals to an annualised rate of 150,000, with a marked ...

Super contribution caps to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 22 FEB 2024
Superannuation contribution caps will go up on July 1, after the Australian Bureau of Statistics reported an increase in average weekly ordinary time earnings (AWOTE). The ABS reported the AWOTE rose 4.5%, seasonally adjusted, in the year to November ...

RBA anticipated to delay interest rate cuts

ANDREW MCKEAN  |  TUESDAY, 6 FEB 2024
... modest interest rate increases, and a slower pace of inflation decline in Australia. Notably, Australian Bureau of Statistics data from last week revealed that the annual CPI inflation rate decelerated to 4.1%, down from the peak of 7.8% in December ...

Inflation eases to 4.3%

KARREN VERGARA  |  WEDNESDAY, 10 JAN 2024
... declined to 4.3% in the year to November 2023, easing from 4.9% in October. The latest data from the Australian Bureau of Statistics (ABS) found that the rising costs of housing (up 6.6%), food and non-alcoholic beverages (up 4.6%), insurance and financial ...

Impact of debt on retiree confidence a mixed bag

CHLOE WALKER  |  TUESDAY, 12 DEC 2023
... than two in five said they would opt to sell and downsize to reduce their debt. According to the Australian Bureau of Statistics, the amount of household debt now sits at an average of $242,000 for Aussies over 55. According to the study, three in five ...

Changing retirement landscape needs regulatory framework: Actuaries Institute

CASSANDRA BALDINI  |  MONDAY, 4 DEC 2023
... to reimagine retirement and get the system up to scratch," he said. According to data from the Australian Bureau of Statistics (ABS), Australia has approximately four million retirees, and an additional 670,000 individuals plan to retire in the next ...

Industry needs better retirement advice blueprint: Expert

KARREN VERGARA  |  THURSDAY, 30 NOV 2023
... annuities, which we believe are more attractive," he said. Recently released figures from the Australian Bureau of Statistics (ABS) shows there were 4.1 million retirees in 2020-21 comprising about 16% of the total population. At the time, some 670,000 ...

CPI cools to 4.9%

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... than economists anticipated, coming in at 4.9% in October, a decline from 5.6% in September. The Australian Bureau of Statistics (ABS) said the decline represents the third consecutive quarter of lower annual inflation and represents a positive trend ...

Wages growth reaches unsustainable level: Mousina

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... deputy chief economist Diana Mousina says it's not economically sustainable. According to the Australian Bureau of Statistics (ABS), September's 4% WPI represents a 26-year high not observed since the March quarter of 2009. Speaking to Financial ...
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