Property downturn biggest on record
The housing market downturn has eclipsed previous records as interest rate hikes continue to erode borrowing power.
The housing market downturn has eclipsed previous records as interest rate hikes continue to erode borrowing power.
Riding geopolitics, rising costs and volatile prices, Australia will pick up its quest to supply more refined materials rather than being the world's quarry.
The treasurer says China's COVID-19 outbreak will weigh on Australian businesses, which rely on the country's customers and suppliers.
Treasurer Jim Chalmers says the government is closely monitoring the situation in China and is concerned about its influence on the Australian economy.
Tradies have been busy completing the backlog of construction work spurred by government stimulus programs but demand for building work is expected to slow.
While Melburnians left in their droves during the pandemic, its population growth is expected to bounce back quickly over the next decade.
It's not easy to choose the right gift, with up to $3 billion worth of Christmas presents likely to be returned to the seller this year.
The Albanese government has committed almost $8 billion in a deal to unlock renewable energy zones and connect Snowy hydro-electricity to the east coast grid.
A forward-looking indicator has recorded another month of negative growth, casting a shadow over Australia's economic prospects in 2023.
Clive Palmer has called on the Queensland government to support a new phase for Yabulu refinery, which he is selling to a carbon-savvy investment syndicate.
Dreamworld owner Ardent Leisure will pay $2.15 million to the husband and two children of Cindy Low, who was killed on the Thunder River Rapids ride in 2016.
Premier Mark McGowan says Western Australia will have to pay $2 million in legal costs over the defamation fight with Clive Palmer.
Clive Palmer's Waratah Coal wants a review of a Queensland court's advice that its proposed coal mine should be rejected due to climate change impacts.
Facebook's owner will pay $A1.1 billion in a lawsuit for allowing political consulting firm Cambridge Analytica to access data of as many as 87 million users.
Energy markets are responding pre-emptively to the federal government's price cap, demonstrating it's already having a dampening effect on prices.
ANZ CEO Shayne Elliott has told shareholders cost-of-living pressures are starting to have a meaningful impact on household finances.
Aussie grains could feed the world in new products as consumers and food companies look for safe, affordable and low-emission alternatives to animal proteins.
The federal government and the central bank want to foster competition in payment technologies to help drive down the cost of transactions.
Chris Bowen has responded to criticism from gas companies that the government's energy relief measures would only make the situation worse.
An Aussie algae-based red pigment is taking on bloody alternatives to grow a more sustainable food supply, with emission reduction properties also on the menu.
Documents have been released showing former prime minister Scott Morrison sought to be sworn in as treasurer to hold foreign investment review powers.
The treasurer says Australia could miss out if it doesn't act fast to improve the conditions for environmentally-conscious investors.
A leading Australian healthcare company has shifted focus, selling its consortium of day hospitals and appointing a new CEO.
Motorists would be wise to fill up while fuel is cheap because retailers could hike prices in the days before Christmas.
The Greens will have the balance of power in the Senate as parliament is recalled to pass the federal government's energy bill relief measures.
Australia is again the lucky country with abundant silicon and an action plan for a sovereign solar cell supply chain to break China's stranglehold.
Picture this. You’re in government for the first time in more than a decade. And within six months, you’re facing a diabolical problem: skyrocketing energy prices. To your constituents, it doesn’t matter that the root cause is a war in Europe. What they’ll see is pain – electricity and gas bills climbing and climbing.
Housing affordability has taken a hit from rising mortgage rates and spiralling inflation, bringing an end to the property boom, but buyers are more prepared.
As expected, economic growth is starting to ease off but rising interest rates are likely to dampen activity further in coming quarters.
Experts warn subsidies for coal- and gas-fired plants could derail cleaner, cheaper power as energy ministers prepare for crucial talks in Brisbane on Thursday.
The Reserve Bank has increased interest rates by another 25 basis points, locking in more mortgage pain for Australians over summer.