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Australian economy stories

Hiring delays cost Australian firms customers: report
Digital Transformation

Hiring delays cost Australian firms customers: report

Labour shortages are leaving Australian companies unable to fill critical roles, with one in three reporting poorer service and 32% losing customers.

By Sean Mitchell • 5 min read • This month

Stories from Other Regions

Australian economy stories

Data centre boom deepens strain on Australia builders
Data centers

Data centre boom deepens strain on Australia builders

Residential builders face rising defaults and insolvencies as Australia's AUD $150 billion data centre pipeline squeezes labour and materials.

By Joseph Gabriel Lagonsin • 5 min read • Last week
44% of Australian transport workers eye sector exit
Digital Transformation

44% of Australian transport workers eye sector exit

Rising freight demand is intensifying labour strain, with 44% of Australian transport and logistics staff considering a sector exit within five years.

By Joseph Gabriel Lagonsin • 4 min read • Last week
Australian banks cut business card rewards & perks
Westpac

Australian banks cut business card rewards & perks

Businesses using credit cards are losing insurance, longer grace periods and reward value as major lenders trim perks amid card reforms.

By Karen Joy Bacudo • 5 min read • Last week
Auction clearance rate rises to 58.5% as spring lifts
Property Market

Auction clearance rate rises to 58.5% as spring lifts

Fewer homes are reaching the market than a year ago, but the latest capital-city auction results suggest spring sellers are returning gradually.

By Sean Mitchell • 3 min read • Last week
Australia innovation activity hits record high in 2023-24
Digital Transformation

Australia innovation activity hits record high in 2023-24

Business innovation has stalled in the latest two years, even as a new index puts Australia at a record high in 2023-24.

By Karen Joy Bacudo • 4 min read • This month
AI could ease Australia's 150,000 engineer shortage
Drones

AI could ease Australia's 150,000 engineer shortage

Software tools are helping engineers save time as Australia braces for a shortfall of about 150,000 staff over the next decade.

By Sean Mitchell • 4 min read • This month
Australia auction clearance rate stays below 50 per cent
Housing

Australia auction clearance rate stays below 50 per cent

Spring selling is off to a cautious start, with fewer homes going under the hammer and the capital-city clearance rate stuck at 49.3 per cent.

By Sean Mitchell • 4 min read • This month
RBA may hike again as business & consumer strain grows
Inflation

RBA may hike again as business & consumer strain grows

Rising fuel and borrowing costs are squeezing Australian households and firms, bolstering expectations the Reserve Bank may lift rates again in September.

By Karen Joy Bacudo • 4 min read • This month
Australian online spending to rise for football finals
Artificial Intelligence

Australian online spending to rise for football finals

Households are set to boost spending on screens, snacks and beer as football finals and the NFL's Melbourne debut draw bigger audiences.

By Karen Joy Bacudo • 5 min read • This month
ezyCollect launches Aimie to tackle late SME payments
Software-as-a-Service

ezyCollect launches Aimie to tackle late SME payments

Australian SMEs are waiting 19 days beyond terms for payment, squeezing cash flow as ezyCollect rolls out AI to target late invoices.

By Joseph Gabriel Lagonsin • 4 min read • This month
COSBOA urges support to boost small business AI use
Digital Transformation

COSBOA urges support to boost small business AI use

Australia could miss the productivity gains from artificial intelligence unless small firms get more practical support to use it across their operations.

By Joseph Gabriel Lagonsin • 5 min read • This month
Spring auction volumes fall 31% as clearance holds steady
Property Market

Spring auction volumes fall 31% as clearance holds steady

Spring's housing market is yet to show a strong lift, as auction numbers stayed well below last year while buyer demand held up.

By Sean Mitchell • 4 min read • This month
Commonwealth Bank backs LeadStory's new finance channel
Streaming

Commonwealth Bank backs LeadStory's new finance channel

The tie-up gives Commonwealth Bank a branded slot beside 24-hour market coverage as households face interest rates and cost-of-living pressure.

By Karen Joy Bacudo • 5 min read • This month
Australian firms lose time to repetitive admin work
Software-as-a-Service

Australian firms lose time to repetitive admin work

Businesses risk wasting money on AI unless they first tackle the repetitive admin that is draining skilled staff time across departments.

By Sofiah Nichole Salivio • 5 min read • This month
Australia housing values weaken as industrial property holds
Inflation

Australia housing values weaken as industrial property holds

Rising listings and longer selling times are deepening the downturn, with vendor discounts widening as buyers retreat from Australia's housing market.

By Sofiah Nichole Salivio • 6 min read • This month
Australia warned AI adoption is too slow for gains
Digital Transformation

Australia warned AI adoption is too slow for gains

Productivity gains are being left on the table as businesses adopt artificial intelligence too slowly and without the skills or strategy to scale it.

By Karen Joy Bacudo • 4 min read • This month
Australian SMEs stay on target as confidence weakens
Digital Transformation

Australian SMEs stay on target as confidence weakens

Despite softer confidence, most Australian SMEs still expect to meet targets, with price rises and technology investment helping offset cost pressure.

By Karen Joy Bacudo • 5 min read • This month