Canberra auction rate fall outpaces Sydney
Sydney’s housing market has been in steady decline, but auction clearance rates across other major Australian cities have fallen even further.
Lending to owner-occupiers dropped by 1.4 per cent in November, while commercial and personal loans also decreased, according to fresh data from the ABS.
Afterpay is booming, but the company has also defended its risk to consumers ahead of an appearance at a Senate inquiry into buy-now-pay-later companies.
Rio Tinto has shipped 338.2 million tonnes of iron ore from its Pilbara operations, in line with its full-year guidance, up two per cent on the previous year.
Mining mogul Gina Rinehart retains her spot as Australia’s richest person despite Forbes’ reporting her net worth has fallen $US1.8 billion to $US14.8 billion.
AGL has suspended sales of coal ash from its Bayswater and Liddell power stations, while a downgrade from JP Morgan has also seen its share price dip.
A surge in first-half revenue from its exclusive, partner, and in-house mobile brand has helped retailer Kogan.com offset plummeting sales from Apple products.
Atlas Pearls says an investigation is ongoing into a security incident at one of its remote pearl farms, though the theft will not hurt its bottom line.
Farm Pride Foods says it expects the factors placing pressure on trading conditions - namely dry weather and oversupply - won’t to let up any time soon.
The European Union ruling in favor of Ireland-based fast-food chain Supermac’s allows other companies as well as McDonald’s to use the “Big Mac” name in the EU.
Worries about house prices, US-China trade tensions, and even the Australian men’s cricket team has pushed consumer confidence 4.7 per cent lower in January.
US container supplier Hoover Ferguson is expanding its range in Australia and New Zealand on the back of the burgeoning trans-Tasman wine and spirits industry.
The investment firm circling for a takeover of The Reject Shop is demanding a clearer picture of the company’s Christmas sales performance.
Retail Food Group says while it may sell assets to whittle down debt, the $100 million price tag media reports slapped on its Crust Pizza empire is too high.
HOLIDAY-MAKERS in Echuca-Moama have been left with a bad taste in their mouth as gastro continues to sweep through caravan and holiday parks along the Murray River.
A search has resumed for former Shepparton mother Felicity Shadbolt, who went missing while bushwalking in Western Australia’s Pilbara region.
A PIECE of Australian motoring history has been stolen from Castlemaine and been reported being driven through Rochester and headed for Echuca. The mint condition, all original, blue and white 1963 EJ Holden special was stolen from the side of the...