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Showing 61 - 70 of 1950 results for "Australian Bureau of Statistic"

RBA needs to 'rip the band-aid off' and hike rates: VanEck

ELIZA BAVIN | FRIDAY, 19 JUL 2024

The seasonally adjusted unemployment rate rose by less than 0.1 percentage point to 4.1% in June, according to data released by the Australian Bureau of Statistics (ABS). While a lower unemployment rate is normally a good sign for the economy, VanEck ...

Job mobility falls for first time in three years

ELIZA BAVIN | TUESDAY, 9 JUL 2024

Australia's job mobility rate has fallen for the first time in three years, back to around its pre-pandemic level, according to new data from the Australian Bureau of Statistics (ABS). ABS head of labour statistics Bjorn Jarvis said in the 12 months ...

Australian wealth rises to $16.2tn

ELIZA BAVIN | THURSDAY, 27 JUN 2024

Data from the Australian Bureau of Statistics (ABS) revealed household wealth rose for a sixth straight quarter, by 2.7% in the March quarter to total $16.2 trillion. Residential land and dwellings was the largest contributor to quarterly growth in ...

Inflation spikes again sparking rate rise fears

ELIZA BAVIN | WEDNESDAY, 26 JUN 2024

Australians and the Reserve Bank of Australia (RBA) will be feeling disappointed after the Australian Bureau of Statistics (ABS) released the CPI indicator or May showing an annual increase of 4%, up from 3.4% in February. Canstar group executive, financial ...

Financial advice profession 'lacks consistent protocols'

ELIZA BAVIN | TUESDAY, 25 JUN 2024

The financial advice profession "lacks consistent protocols" for handling suspected financial abuse and there are insufficient whistleblower protections, according to the Financial Advice Association Australia (FAAA). In its submission to the Parliamentary ...

Innova backs using leverage in super for housing

ELIZA BAVIN | MONDAY, 17 JUN 2024

Innova Asset Management has entered the super and housing debate, saying allowing the use of leverage in superannuation it could help younger Australians who are locked out of the property market build wealth. Innova said millennials are firmly locked ...

Financial services workers eye earlier retirement

KARREN VERGARA | THURSDAY, 23 MAY 2024

Men and women who work in financial services intend to retire earlier compared to the average worker, new data from the Australian Bureau of Statistics (ABS) reveals. Men who work in the finance and insurance industries intend to retire at 64 years ...

Australians need $1.6m for comfortable retirement: Survey

KARREN VERGARA | MONDAY, 22 APR 2024

Australians believe they need $1.6 million to be financially comfortable in retirement, a new survey from Colonial First State (CFS) finds, but they cannot agree on what living comfortably looks like. This is well above Association of Superannuation ...

Australian housing crisis escalates as affordability worsens

ANDREW MCKEAN | MONDAY, 8 APR 2024

Rising interest rates and weak disposable income growth have caused housing affordability to drop to its lowest point in decades, according to Queensland Investment Corporation (QIC) senior economists. The economists pointed out that Australian Bureau ...

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 ...

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Mercer Super chief executive steps down

RIDDHIMA TALWANI

Mercer Super chief executive Claire Ross is departing after almost 17 years in senior leadership roles at the retail super fund.

AusFood Super looks to revitalise member engagement

MATTHEW WAI

The $3.5 billion super fund has partnered with InvestStream to launch RetireSmart+, becoming the first super fund to bring an AI-powered engagement experience to some 66,000 members.

L1 Group posts 'marked recovery' in June quarter

RIDDHIMA TALWANI

L1 Group has reported a marked recovery in investment performance in the June quarter.

European PE firm mandates Apostle with Australian distribution

RIDDHIMA TALWANI

Apostle Funds Management has been appointed by European investment firm Triton Partners for the distribution of its credit strategies in Australia and New Zealand.

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