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Navigating this year’s economic challenges

Australia faces economic headwinds from internal and external factors, with growth expected to slow down as challenges weigh on consumer demand. For small and mid-size enterprises (SMEs), adaptability is now more crucial than ever to navigate the uncertainties ahead. So what key trends should SMEs anticipate and proactively address this year?   Sustained inflation Inflation is…
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What’s in store for the housing market in 2024?

Australia’s housing market defied expectations in 2023. Despite the cash rate spiking five times to a 12-year high, home values didn’t dip. Instead, they kept climbing, driven by a shortage in supply and a growing population in need of housing. What’s next for the market now that the Reserve Bank seems to have reached the…
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Record wage growth sparks inflation and rate fears

After the Reserve Bank of Australia’s (RBA) move to resume interest rate hikes and lift the cash rate to 4.35%, all eyes are now on surging wages and their likely impact on inflation. Are borrowers on the brink of more interest rate pain? The latest data from the Australian Bureau of Statistics (ABS) shows that…
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