US stocks mostly rose ahead of a Federal Reserve decision, with analysts expecting the central bank will keep rates on hold today.
"In the 12 months to September 2023, capital to regional migration accounted for an 11% share of all relocations, compared to 9.1% making the move from the regions to the city," the report found.While newly arrived migrants from overseas overwhelmingly tend to settle in the big capitals, particularly Sydney and Melbourne, existing residents are still exiting the big smoke, especially Sydney.
The number of Australians "at risk" of mortgage stress has increased by 766,000 since May 2022 when the RBA began a cycle of interest rate increases. It says the numbers of mortgage holders in stress would increase to 1.58 million, or 30.4 per cent — an increase of 8,000 — if the RBA increases interest rates next week.
The variable that has the largest impact on whether a borrower falls into the "at risk" category is related to household income — which is directly related to employment.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Live updates: Australian share market to rise, Wall Street ends sharply higherA rally on Wall Street is likely to send Australian stocks higher, while oil prices ease on lessening fears about the Israel-Gaza war disrupting supply from the region. Follow the latest updates in our live blog.
Source: abcnews - 🏆 5. / 83 Read more »
Live updates: Australian share market rises, Wall Street ends sharply higher, AustralianSuper rejects Brookfield offerA rally on Wall Street sends Australian stocks higher, while oil prices ease on lessening fears about the Israel-Gaza war disrupting supply from the region. Follow the latest updates in our live blog.
Source: abcnews - 🏆 5. / 83 Read more »
Live updates: Australian shares are set to open higherAustralian shares are set to open higher. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.
Source: abcnews - 🏆 5. / 83 Read more »
'Tax paralysis': Why nearly half of self-employed Aussies haven't completed their returnSole traders are spending about six to seven hours on financial admin each week, the independent data confirmed.
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Qantas rejects claims of ripping off Aussies with ‘ghost flights’Qantas has rejected the ACCC’s allegations of ghost flights and has argued that the consumer watchdog’s legal action “ignores the realities of the aviation industry”.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Deadline Aussies don’t want to missAussies have just a matter of hours to lodge their tax returns before they face an immediate fine as the deadline by the Australian Taxation Office looms.
Source: newscomauHQ - 🏆 9. / 77 Read more »