As one of the first countries in the world to establish a modern social security welfare system, Australia has attracted countless people from all over the world to immigrate to Australia with its comprehensive and extensive welfare policies. Statistics show that the Australian government spends at least 42 billion Australian dollars in pension benefits every year, which is obviously a huge number in...
Market News
Commonwealth Bank of Australia (CBA) is Australia's largest financial institution. It provides diversified financial services covering retail, commercial, institutional, investment, insurance, wealth management and brokerage services with over 16 million clients. Commonwealth Bank of Australia releases its full-year results on Wednesday, August 10. Analysts and investors were more interested in the...
Homebuyers are "waiting and seeing" how high interest rates will go as the Reserve Bank of Australia hikes interest rates for the fourth time in a row since May. Cost of living pressures, rising mortgage repayments and the "negative wealth effect" of falling house prices have slowed the potential buyer's market after two years of unprecedented property growth.