The Reserve Bank of Australia has held interest rates steady for a fourth consecutive month. But a hike before the end of the year remains possible, according to one of the big four banks. The cash rate remains 4.1 per cent after the RBA board met on Tuesday, the first time since Michele Bullock took … Read more
A Victorian residential builder has entered liquidation and terminated all of its staff. River Dale Building Group Pty Ltd, which trades as Chatham Homes, appointed AS Advisory as its liquidator on Monday, October 2. The firm said Chatham Homes stopped work on all of its current 50 residential home projects in Victoria, while there were … Read more
A bespoke South Australian residential home builder has collapsed and appointed an external administrator. Residence Building Group is the latest builder in the state to enter voluntary administration, following the collapse of four other companies over several months. The company has seven current home builds, including a project in the Adelaide Hills and homes under … Read more
Thousands of dollars are up for grabs for Queenslanders, with an energy-saving cashback scheme expanded to include businesses. The Queensland government scheme now offers thousands of dollars in rebates to encourage energy efficiency to small to medium businesses. It was previously only available to households. From October 5 the Queensland government advised it will “rebate … Read more
Services Australia staff are striking for 24 hours on Monday over a pay dispute. Workers walked off the job on Monday, with the strike possibly impacting Centrelink and health insurance services. However, Services Australia general manager Hank Jongen told 7NEWS.com.au last week it was “making preparations to minimise potential disruption to our customers”. “We respect … Read more
Commonwealth Bank is cutting almost 200 jobs across three Australian capital cities, blaming a downturn in retail banking, a union representing workers said. The Financial Sector Union said, following talks with Commonwealth Bank Australia, 192 jobs would be cut from Sydney, Melbourne and Perth in sectors including consumer finance, everyday banking, home buying operations and … Read more
Digital wallets such as Google Pay and Apple Pay would be regulated under draft laws released by the federal government. It is the next step in the government’s plan to modernise the nation’s payments system, which includes phasing out cheque payments by 2030. The plan is expected to go before parliament this year, so digital … Read more
Australian homeowners are now facing more mortgage stress than any other nation, an International Montetary Fund report suggests. Mortgage stress refers to when more than one-third of a household income is spent on mortgage repayments. WATCH THE VIDEO ABOVE: Australians under more mortgage stress than any other nation. For more Real Estate related news and … Read more
Australians may have a Christmas present waiting for them in the form of unclaimed money. More than $582 million worth of unclaimed money is waiting to be collected by over a million Australians, according to statistics released by the NSW state revenue. Much of the unclaimed funds come from uncashed cheques and payments, unclaimed refunds, … Read more
Ausrtalians are being urged to check their 20 cent pieces for a rare detail that could help skyrocket their value to prospective coin collectors. On most Australian 20 cent coins, the base of the number two is a straight line. WATCH THE VIDEO ABOVE: A rare 20c coin could be worth thousands. However, in a … Read more
