ECONOMY

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House prices dip in August

Australian home prices in August continued a downward trend since the market peaked in May, according to RP Data-Rismark's capital city home value index.

Minerals Council says NT blocking of Cameco uranium project is premature

The Minerals Council of Australia is taking the cudgels for Cameco Corporation as it declared on Wednesday that the disapprovals voiced out by both the Northern Territory government and the opposition on the planned uranium mine site at the Angela Pamela deposits near Alice Springs were wholly premature.

CEOs optimistic about Australian economy

Chief executives remain positive about the prospects for the Australian economy, despite an inconclusive general election leaving the country in political limbo for days, according to fresh data released today.

Richie Rich lives longer

The Health Lies in Wealth report shows the poorest of Australians dying three years earlier than the wealthiest.

Rabbit meat for EasyFood

Australia's largest rabbit farm is up for sale and food packaging company EasyFood is about to buy the shares.

Stalled Tasmanian wind farm’ restart still uncertain

Joint venture partners Hydro Tasmania and Roaring 40s said on Monday that the suggestion made by a Tasmanian senator on the nearing restart of their $450 million wind farm project in the north-eastern part of Tasmania may be a little inaccurate.

Australia posts smaller budget deficit

The federal government on Friday released the final budget outcome for the past financial year, which showed a $54.8 billion deficit, or 4.2 per cent of gross domestic product (GDP).

Lowest debt-free households share

The Melbourne Institute Household Saving and Investment Report shows the lowest share of debt free households since the start of the survey in March 2001.

RBA: No housing bubble

Central bank economists have denied claims that Australia's housing market is in a bubble, although investors are concerned over prices posting a 19 per cent rise this year and more than 160 per cent increase in the past decade.

CommBank expects rate rise in October

Commonwealth Bank of Australia (ASX: CBA), the nation's biggest mortgage lender, has joined an increasing number of banks in revising forecasts for an interest rate hike to October.

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