Figures from the Australian Bureau of Statistics show 50,000 more people became employed in December. (Supplied: Unsplashed, Cluttersnap)
Unemployment drops to 6.6pc, with 50,000 people starting work in December
News article by the ABC
Australia's unemployment rate drops by 0.2 per cent and underemployment drops to its pre-pandemic level as the economic recovery from coronavirus continues.
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A Westpac spokesperson said about 75 per cent of customers who had deferred loan payments had begun to repay. (ABC News: Chris Gillette)
Banks pressuring customers to make unrealistic loan repayments as deferrals end
News article by the ABC
As a pause on home loan repayments begins to lift, banks are asking customers to make large lump sums or add $1,000 a month to their repayments to clear up what they owe in arrears.
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Currently every state and territory has its own border rules, but there are calls to streamline the systems. (ABC News: James Carmody)
Business and health professionals call for states to standardise COVID-19 border rules
News article by the ABC
Businesses reliant on interstate travel want states to make more effort through the National Cabinet process to synchronise their border rules.
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Fixed interest rates may not be able to fall much lower, according to economists, because the Reserve Bank has already bought up a significant number of 3-year government bonds. (ABC News: Sarah Motherwell)
Fixed interest rates may have reached rock bottom, say economists
News article by the ABC
If the Reserve Bank has no more three-year government bonds to buy by mid-2021, it may no longer be able to put downwards pressure on the benchmark yield for banks fixed mortgage products.
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Deloitte Access Economics' Chris Richardson says
The top five things this leading economist thinks will happen in Australia 2021
News article by the ABC
Last year was a hell of a ride for, well, almost every industry. So what will 2021 bring? Here's how Australia's economy will play in 2021 according to one of our top economists.
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Caitlin Ketley and Ben Munton bought a house in Chigwell for $400,000. (ABC News: Katri Uibu)
The housing market was going to drop 30pc during the pandemic but instead many areas are booming
News article by the ABC
Despite initial fears the housing market could drop by 30 per cent during the pandemic, "extraordinarily" low interest rates and stimulus packages are allowing first home buyers break into the market and boost it.
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Matt Brass has exited the lease on his hostel business after enduring two lockdowns in Melbourne. (Supplied: Matt Brass)
A wave of COVID-19 business failures may not come but 2021 will still be excruciating for some
News article by the ABC
Some experts now believe there will no longer be a massive spike in businesses going belly up as COVID-19 drags on in Australia. But for some, 2021 will still be an excruciating year.
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An economy with secure work and a pay rise? Economists say we’re painfully close
News article by the ABC
Right now, the building blocks for meaningful economic growth are in place: higher consumer spending and demand for labour. Achieving the next step is the particularly challenging bit, but much of the hard work has been done, writes David Taylor.
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Follow us on our social media for the latest information and free tips to help you get back on track
We know how important it is to keep up to date with the latest information and that’s exactly what we do on our social media feeds.
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Getting on top of your finances can help in more ways than one
When Kristan’s power got disconnected because she couldn’t pay the bill, she realised she needed to seek assistance. She also realised she was in a dark place as she struggled to cope with the burdens of financial hardship. It took a toll on her mental health.
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