In short: Perth builders Collier Homes was placed into liquidation earlier this week, after more than 60 years in operation. It is the latest in a series of building company collapses that have plagued the industry nationwide since the COVID pandemic. The WA government said it stood by its post-COVID stimulus packages that ‘turbo-charged’ the market.…
Higher-than-expected inflation figures released today aren’t just bad news for home- and business owners banking on an early interest rate cut; they’re concerning for the more than 2.9 million Australians with student debt. The consumer price index (CPI) determines how much HECS-HELP and all other student debt increase under the annual indexation that takes place…
The release of March inflation data means student HECS-HELP debts are set to rise by 4.7 per cent on the first of June this year. It might pale in comparison to last year’s indexation rate of 7.1per cent, but it’s still the second-highest increase in a decade. Nellie Malseed said she was “shocked” when she…
Millions of Australians with student loans will be hit by increases of more than $1,000 in June, new figures show, as calls grow for the commonwealth to act on a growing debt spiral. Quarterly figures, released by the Australian Bureau of Statistics on Wednesday, revealed inflation grew by 3.6% over the year to 31 March,…