Treasurer worried about home building pipeline
Not nearly enough houses are being built to meet growing demand but the federal government is still confident it can meet its 1.2 million homes target.
Not nearly enough houses are being built to meet growing demand but the federal government is still confident it can meet its 1.2 million homes target.
Qantas has been fined $100 million and will be forced to pay customers a further $20 million for selling tickets for flights that were already cancelled.
Passengers and more than 300 staff are in limbo after administrators grounded Bonza's planes, with the government rejecting a bailout for the penniless airline.
About $3 billion worth of student debt will be wiped for more than three million Australians struggling through the cost-of-living crisis.
Rio Tinto is on the hook for water use and what has been described as the biggest test of its reputation since the destruction of ancient Juukan Gorge shelters.
Services inflation, the Chinese economy and household consumption are sources of uncertainty hanging over the OECD's economic growth forecasts for Australia.
Housing affordability has worsened in Australia and could be set to deteriorate further but there is no easy fix on the horizon.
About one million personal records have been accessed from registered clubs and published to a website as experts say the breach could have been avoided.
Customer shopping patterns have shifted since the start of the year as rents rise and Australians seek savings, Woolworths chief executive Brad Banducci says.
Australia's major airlines have thrown Bonza workers a lifeline after their employer collapsed into voluntary administration.
As Australia races to retrofit laws for generative artificial intelligence, the nation's eSafety commissioner says investigators face real-life harms every day.
Origin Energy's revenue from liquefied natural gas on higher volumes and prices surged in the March quarter, as talks continue over keeping Eraring burning.
The housing market continues to defy gravity and trend higher even as interest rates remain elevated and affordability is stretched.
Treasurer Jim Chalmers says he will look for other ways to help people doing it tough rather than raising income support payments.
Coles has recorded a 5.1 per cent rise in supermarket sales over the past three months, a boost it attributed in part to a popular collectibles campaign.
The high cost of essentials such as health, education and housing are squeezing household budgets and leading to weak discretionary spending.
Budget airline Bonza has entered voluntary administration after flights were suspended and the Australian government created a hotline for customers.
Rentals are in short supply and prices are rising fast but there's more to the story than international students, the Student Accommodation Council says.
Higher interest rates, cost of living pressures and an increasing tax burden have kept a lid on Australian consumer spending and left retail sales weak.
BHP has had a $60 billion bet on "future-facing commodities" rejected by rival Anglo American, which said the iron ore giant's takeover bid was opportunistic.
Australia's annual inflation rate has sunk to a two-year low but is slightly above expectations, which might lengthen the wait time for rate cuts.
Woodside Energy shareholders have re-elected chairman Richard Goyder but rejected the company's climate plan in a raucous four-hour meeting.
Hotter-than-expected inflation data has likely pushed back the start date for interest rate cuts, a move that will keep pressure on mortgage holder budgets.
Tax reform, building more public housing, and lifting social support payments have all been floated as pieces of the housing affordability puzzle.
Renewable energy generation is lifting its overall share of a growing national electricity market and pushing wholesale prices down, according to official data.
The threat of escalating conflict in the Middle East has cast further uncertainty over Australia's pre-budget economic outlook, the treasurer has warned.
South Australia is the top-performing state economy for the second quarter running although Western Australia could overtake it in coming months.
The cost of living pressures plaguing households have been subsiding and fresh data released this week will hopefully reveal further softening.
Ahead of the May federal budget, Treasurer Jim Chalmers has flagged more cost of living relief that will need to take pressure off inflation, not add to it.
A rural report into the impact of climate change in every state calls for research to determine how land management can help achieve emission reduction targets.
Treasurer Jim Chalmers will use talks in Washington to take the temperature of the global economy as he puts the finishing touches on his third federal budget.