Shreyashi Chakraborty

Susan Lloyd-Hurwitz said the council was set to find solutions to the issues plaguing homebuyers for a long time and will also stress the critical need for a stronger course of action to increase the housing supply.

In addition, the goods and services balance decreased by AU$3.9 billion, sharply diving to AU$12 billion.

The survey, dating back to July, involved 1,074 participants, among which 37% said they would turn to borrowing or selling assets to foot any bill of AU$500 or more.

Following the announcement by REA Group, Rightmove shares shot up 25% to £6.96 (AU$13.49) -- the highest it has reached since March 2022.

The treasurer's remarks on Sunday followed weeks of rumors regarding tensions between the RBA and the government, sparking concerns about the economy's direction.

Star Entertainment also decided to pushback publishing its annual financial results, following the release of the report.

According to the Super Members Council (SMC), 2.8 million Australian workers were not paid their full amount of superannuation in 2021–2022, which amounted to AU$5.1 billion.

The country is now home to over 1,200 crypto ATMs, up from just 73 two years ago, catapulting Australia as the third-largest market globally, behind the U.S. and Canada.

Australia Defense Minister Richard Marles emphasized in a press release that the pact seeks to "bolster the strong defense ties" between both nations by "enhancing practical arrangements, strengthening interoperability and supporting increased dialogue."

Denouncing Greens' proposed 40% tax on excessive corporate profits as "insidious populism," Matt Comyn suggested that prioritizing popularity over genuine reform will only erode trust in institutions.

The company's revenue also grew by 1.5%, reaching AU$44.19 billion.

NSW Premier Chris Minns said, "I'm disappointed by the decision from the commonwealth government. The application was made in 2019. It's gone through the Independent Planning and Assessment Commission, as well as every other government department in NSW."

The Transport Workers Union (TWU) has tendered an application to the Fair Work Commission to mandate safety net payments, superannuation, and injury assistance for independent contractors, so that they can cover their weekly costs.

The Australian Institute of Health and Welfare revealed that Victoria's social housing made up a mere 2.8% of its total housing stock, the lowest ratio in the country.

In spite of losing the $49 billion bid for Anglo American, BHP is ramping up its efforts to increase its footprint in South Australia, aimed at raising production to over 500,000 metric tonnes.

The Senate inquiry will bring Bunnings' business operations under the radar as it is facing scrutiny over the expansion of its grocery section, which raised the question of whether it is consistent with the industry code of conduct.

Meanwhile, the Fair Work Ombudsman has cautioned the construction workers to not participate in the scheduled strike, adding that employers can deduct a minimum of four hours' pay from the wages of employees, who disregard the warning.

According to the report, areas most prone to climate-related disasters, such as cyclones and floods, are experiencing a 30% surge in insurance premiums.

The docking of the atomic-powered vessel marks the first such visit by the American nuclear sub.

A Victorian Gambling and Casino Control Commission (VGCCC) investigation found that the company failed to keep a tab on its harm minimization measures spanning 2020 to 2023, resulting in at least one consumer incurring financial losses.

Those seeking three-year home loans are expected to get a competitive 5.89% interest rate, which is in line with Westpac's offer. Additionally, the new variable rate borrowers will be offered a reduction of up to 0.35 percentage points to ease financial strain

The stricter eligibility requirements were imposed to address skyrocketing costs, despite concerns from disability advocates about reduced support.

The ACCC is concerned that Qantas and Virgin are capitalizing on the decreased competition and raising ticket prices on popular routes.

The facility that will be built in the Newcastle Airport Precinct, will manufacture both air-launched Joint Strike Missile (JSM) and the ship-launched Naval Strike Missile (NSM).

The RBA's reluctance to lower interest rates is a result of its worries about wages and employment.

About 500 jobs are reportedly under threat, which the agency's staff union warns could jeopardize its research capabilities and national scientific expertise.

Western Australia is fearing an economic downturn due to falling iron ore prices. However, the government's cautious budgeting may thwart the problem.

Bookstopia immediately resumed trading, after digiDirect made the quick acquisition thanks to its owner, Shant Kradjian.

Westpac surged ahead of its peers who were still grappling with soaring high interest rates and rising cost-of-living pressures, which led to concerns about asset quality and loan repayment.