The Latest Breaking News from Adelaide Timbrell

Confidence among renters has plunged to a record low.

Australia facing a multi-year per capita recession and even a quarter of negative economic growth in early 2024 with higher interest rates.

Australia's economy is still holding up on the back of household spending, but there are warning signs that a severe downturn is imminent — and small businesses are already seeing it in action.

The worst of the current inflationary cycle may be behind us, but the pain is probably not over for many households

It's the final countdown to the consumer event of the year — Black Friday — a November sales spectacular imported from the US, and growing in popularity in Australia.

Whoever wins this month's election will inherit an economy showing signs of pandemic recovery as the state's net debt climbs to dizzying heights. But the biggest challenge could be filling a major skilled worker shortage across a raft of critical sectors.

The full budget impact of the second most aggressive interest rate hiking cycle in the Reserve Bank's history is still months from being felt by millions of households.