Australian Bureau of Statistics

Home entertainment retailer JB Hi-Fi has posted record earnings and sales for the 2022 financial year, as Covid restrictions eased and customers returned to brick and mortar stores to shop.JB, which also owns The Good Guys, reported strong…

Australia’s unemployment rate could sink to a level where anyone who wants a job has one in just a matter of months.The Reserve Bank of Australia has tipped unemployment could sink well and truly into the definition of “full employment”,…

Residential property prices have had their biggest annual growth in decades, with the median value in three cities now surging past $1m.Australian residential property prices continue to surge, recording the highest annual rate of growth…

The local tech sector followed Wall Street’s Nasdaq lower, but the resources sector and banks helped the ASX to a modest rise.The Australian sharemarket inched marginally higher after surrendering gains in afternoon trade, with tech stocks…

The RBA can keep insisting rate hikes won’t come in 2022, but the ASX isn’t buying it, with strong jobs numbers fuelling bets it will do just that.The Australian stock market shrugged off a strong lead from Wall Street overnight and was…

Energy shortages have forced China to snap up Aussie coal for the first time in almost year after diplomatic tensions caused an unofficial ban.China has buckled under the weight of coal and energy shortages to resume directly buying the…

Pay rises have returned to normal after the devastation caused by Covid-19, with workers in these industries benefiting the most.Wages climbed higher in the September quarter in a reversion to a “pre-pandemic” pattern, with certain…

The ASX dipped lower for a third straight day as sellers turned on resources stocks, while buyers had a delayed reaction to NAB’s result.The Australian sharemarket had a positive start but ended up dipping lower for a third straight day as…

The central bank now seems open to the possibility of lifting the all-important cash rate before 2024 – but expect your own bank to move beforehand.The Reserve Bank of Australia has kept interest rates on hold but opened the door for a hike…

An energy sector surge couldn’t stop the Australian sharemarket tumbling deeply into the red as a volatile trade trend continued.An energy sector surge couldn’t stop the Australian sharemarket tumbling deeply into the red as a volatile…