Weekly Digest – 04 September 2024

Welcome to our Weekly Digest – stay in the know with recent news updates relevant to business and the economy.

How Australian spending habits are weathering the high cost of living

Many Australian businesses are feeling the pinch as customers can no longer afford the armchairs, gadgets, clothing brands and new bathrooms they could before the cost of living shot up. But spending patterns remain uneven, and at times counterintuitive, leading to a mixed corporate earnings season marked by subdued but not collapsing demand.

What’s in store for summer? Australians have been told to ‘prepare for anything’

Australia could face an “unpredictable” summer, according to experts.”This year is looking unpredictable so prepare for anything, it will likely be hot, but we don’t know about rainfall,” Linden Ashcroft, lecturer in climate science and science communication at the University of Melbourne, said.

Some welfare payments are set to rise this month after indexation is applied

Five million Australians will see their welfare payments rise this month, while others are set to save money as Australia’s 60-day prescription scheme is expanded.

One in three Australians cracking down on ‘useless’ subscriptions

The subscription economy has spread across almost everything from streaming TV and movies to home-cooked meals and even toilet paper and underwear. One in three Australians say they are now cracking down on useless subscriptions, saving hundreds of dollars in the process.

This special paint could save lives from bushfires

New paint technology developed at UNSW to help fire-proof homes is a joint winner in the Higher Education Awards research commercialisation category.

Plans to boost rent relief, prescription medicines revealed

A raft of new cost of living measures promises to help struggling renters and free up access to key medicines.

Get in touch

Contact us if you have any questions or want to discuss the next steps for your business.

Related Posts

The importance of budgeting, forecasting, and setting goals for your business

The importance of budgeting, forecasting, and setting goals for your business

If you’re like many business owners, you may find yourself struggling to understand what your finances mean or how you can use your financial information to make decisions for your business. Often we get into business because we love a […]

Read More… from The importance of budgeting, forecasting, and setting goals for your business

Read More
Your Phone Habits: Are they the key to your success?

Your Phone Habits: Are they the key to your success?

Let’s talk about your phone habits. It may not be a pleasant topic to discuss, but it does matter. How you use your phone can have a huge impact on your life and on your business. Sounds dramatic? Not at […]

Read More… from Your Phone Habits: Are they the key to your success?

Read More
Lessons from three pricing stories

Lessons from three pricing stories

Times were tough, so John decided he had to drop his prices below his competitors. The results seemed gratifying. Business picked up quickly and when John looked round his shop he could see his sales staff were always busy with […]

Read More… from Lessons from three pricing stories

Read More