Electric car sales treble, but Australia lags without investment: EVC

Sales of electric cars trebled over the last year, but a lack of government support is preventing car makers from bringing more affordable models to Australia, a report by an industry authority claims.

Thousands of ATMs removed due to COVID-19 business closures

People may have a harder time pulling out their money as closures brought about by the pandemic have led to thousands of ATM machines being decommissioned. 

HomeBuilder: As development forecasts slump, government announces red tape cuts

Tradies, teachers and property agents will be able to work across the country – bucking a policy of state-bound licencing – in a plan designed to cut red tape and boost work opportunities.

How Australians are spending their COVID-19 superannuation withdrawal

The people who dipped into their superannuation twice spent more money the second time round on groceries, paying down debt, clothing and more, according to an analysis of banking data.

Two pronged plan to jump start Australia’s economy: Philip Lowe

Australia’s economic future depends on containing the spread of the coronavirus and how well it can create jobs going forward, Philip Lowe, the head of the RBA, told a parliamentary committee.

Banks should exhaust options to keep people struggling in their homes: Regulators

Australia’s financial regulators expect banks will exhaust their options to keep people in their homes as best they can if they’re unable to pay off their mortgages.

CBA: Fewer mortgage holidays, but house prices may dip

Commonwealth Bank expects most people on a mortgage holiday could return to make repayments soon, that the most vulnerable could swap over to interest only loans, and that house prices could dip.

Fraction of 2019 renovations meet HomeBuilder spending threshold, survey finds

Only ten per cent of renovations cost more than $150,000 to complete last year, according to a new survey, providing insight into the number of renovations that may be eligible for the HomeBuilder scheme.

COVID-19: Early release of superannuation stirs debate as fraudsters strike

Some of the money lost from dipping into superannuation early as a response to COVID-19 will be offset by higher pension payments, research by a non-partisan think tank suggests.

How Australians are spending their COVID-19 stimulus payments: ABS

A ‘detailed’ survey by the government’s statistical agency reveals how the one-in-three Australians receiving a stimulus payment during COVID-19 is spending the money.