Premier backs call to not bail out beleaguered builder
Authorities are probing whether one of Australia's largest home builders illegally took deposits from customers before securing their insurance policies.
economy, business and finance
Inland Rail project build blows out to $31.4 billion
An independent review into the Inland Rail project has revealed it faces serious problems, but the Albanese government is pushing ahead.
Australia’s largest solar farm close to operational
With more than one million panels generating enough power for 235,000 homes, Australia's largest solar project is nearly up and running.
RBA boss eyes more rate hikes, ‘way too early’ for cuts
The Reserve Bank has kept interest rates on hold, but governor Philip Lowe says there's a good chance the central bank will need to fire off more increases.
Rate-hike pause bolsters Australian share market
Australian shares are near all-time highs following the Reserve Bank's decision to keep interest rates unchanged after 10 consecutive hikes.
South Australian coal-based steel to go green
Liberty Steel is set to dump coal-based steelmaking at Whyalla in South Australia with a major investment in electrical and hydrogen-powered alternatives.
Relief on rates but don’t bank on an end to rises
The Reserve Bank of Australia has delivered welcome interest rate relief to mortgage holders and kept the cash rate on hold.
Deposits lost as Porter Davis liquidators urge patience
Porter Davis customers have been told they will lose their deposits as talks to secure access to their home building plans continue.
Mortgage holder confidence cools ahead of RBA decision
Confidence among those paying off a home loan has taken another hit in the lead-up to another cash rate call that could add more to their monthly repayments.
Population, rate rises magnify housing supply crunch
Housing demand is expected to keep outstripping supply as migration levels pick up and high interest rates weigh on new construction.
Albanese makes budget promise ahead of rates decision
Australian borrowers are bracing for another possible interest rate hike, as the government seeks to ensure the upcoming budget does not push up inflation.
Star Sydney boss quits less than a year into role
The boss of Sydney's Star casino, Scott Wharton, will depart at the end of April for a lucrative new position as CEO of Smartgroup Corporation.
New houses drive uptick in dwelling approvals
Sign-off on private sector dwellings has lifted modestly and home prices appear to have found a floor - at least for the moment.
Migration, high rents put brakes on sliding home prices
Home prices nationally have ticked up in March after tracking lower for 10 straight months, with high rents and migration both helping to arrest the slide.
Hope builds for possible end to interest rate hikes
The Reserve Bank will be hogging the limelight this week with a nail-biter cash rate call and a public appearance from the governor Philip Lowe.
Clocks turn back for the end of daylight saving
Daylight saving comes to an end on Sunday, as much of Australia's southeast coast enjoys a well deserved sleep in.
Australians bracing for health insurance price hikes
More than a million Australians are set to face increased health insurance premiums, with HBF among the providers upping prices.
Labor tells umpire to get low-paid ‘back on the bus’
The Albanese government is calling for a wage lift that stops low-paid workers going backwards as business groups worry about higher wage bills.
Lenders cut fixed rates as Reserve Bank decision looms
Lenders are cutting their fixed rates but borrowers are being urged to take caution as the Reserve Bank gets closer to the end of its rate hiking cycle.
Call to unplug electricity networks’ super profits
With households facing soaring bills, state and federal governments have been urged to crack down on power networks accused of making "supernormal profits".
Global shares rise as bank support emboldens investors
Safe havens have taken a battering as investors relax about the stability of the financial sector, with banks helping to lift global share markets.
The long and winding road to banking in rural Australia
The Senate inquiry into regional bank closures has heard from more than 150 rural Australians about the devastating effects of losing essential services.
Inflation slows ahead of crunch interest rates decision
Inflation has moderated again and released some pressure from the valve underpinning more interest rises from the Reserve Bank.
Guardrails and guidelines as AI embeds itself deeper
Experts have released guidelines on using artificial intelligence with opinion divided on whether the technology will kill jobs or accelerate the economy.
Motorists to be stung at the pump over Easter
Motorists have been warned to shop around early to avoid paying above $2 a litre at the pump in the lead up to Easter long weekend.
Spending slows as households start to shut up shop
Spiralling living costs and rising interest rates have kept discretionary spending subdued, new retail data shows.
Australian share market slightly higher, drop in energy
The local share market has finished up just 0.1 per cent, with oil producers and coalminers dropping as Labor and the Greens reached accord on a climate deal.
Latitude Group says 14 million customer records stolen
Consumer finance company Latitude Group says 14 million Australian and NZ customers had their records compromised in the hack on its systems.
First sod turned on Queensland’s biggest road project
The opening stage of Queensland's Second M1 has been launched with work to begin on the 16-kilometre first stage on the Gold Coast.
HomeBuilder paperwork deadline extended
The deadline to submit supporting documentation for HomeBuilder applications will be extended for those affected by supply constraints and construction delays.
Co-owners of troubled plant in voluntary administration
Voluntary administrators have been appointed to the co-owners of the issue-plagued Callide C coal-fired power station in central Queensland.