Uncategorized
Insurance policies at risk due to cost-of-living pressures
Insurance companies are at risk of losing customers due to cost-of-living pressures. The publication Insurance News reports that insurance clients are shopping around more, and in the year to June 2023, 66.1% of policies were renewed without approaching another company, down from 66.5% in the previous year and compared to 67.2% in the year to June...
Uncategorized
New Wages Policy for Prison Officers
Over 94% of the WA Prison Officers Union members have agreed to the State Governments wages increase of $60 per week or 3% per annum plus an additional $3,000 cost of living payment. This will be back paid to 11 June 2022. This new policy will also include greater overtime schedules and specified meal breaks,...
Uncategorized
Fee-Free VET Courses to Continue
The Albanese and Cook Governments have announced the fee-free course within TAFE and VET will continue in Western Australia for a further three years. According to the media statement, there have already been great results in enrolments, with more 34,000 enrolling this year. Extending these opportunities helps with the cost of living and allows Western...
Uncategorized
WA Posts Strongest Domestic Economy in Australia
Western Australia’s domestic economy has grown by 3.7% between June quarter 2022 and June quarter 2023, the highest domestic economic growth in the country according to the recent State Final Demand (SFD) data. During the June quarter 2023 there was a 0.8% increase in household spending and 4.2% in dwelling investment. This marks the 12th...
Uncategorized
Property and Mortgage Insights – FY2023 Reports
The Property Insights report published by Property Exchange Australia Ltd (PEXA) reveals that property settlements were down across Australia in FY23 (-18.6%) compared to the previous financial year, however there are signs the second half of the year will recover. Even though interest rates are continuing to change, houses are still very much sought after...
Uncategorized
New Governor of the Reserve Bank of Australia Appointed
The RBA have appointed Michelle Bullock as the new Governor commencing her 7 year term on the 18th September 2023. Read the media statement here.
