Business

– Australia’s property market recorded a $34.1 billion drop in value during the June quarter as home prices softened nationwide. The country’s residential property stock fell 0.3% to $12.689 trillion. The decline marked the first quarterly fall in total dwelling

Rental increases across Melbourne have remained uneven, with several Dandenong Ranges and outer eastern suburbs recording much steeper gains than the citywide market. Olinda led a two-year comparison, where the median weekly rent rose 33.8% from A$613 to A$820. That

CANBERRA: Australia said its fuel supply remains stable despite outages at some service stations and sharply higher pump prices, with federal ministers and official stockholding data showing the country has about 38 days of petrol and around 30 days of

MELBOURNE: Australia’s energy regulator is telling consumers that the coming offer of free midday electricity is not an automatic bill cut for every household, and that savings will depend on whether people can move some of their electricity use into

CANBERRA: Australian motorists are facing renewed pressure at the pump as global oil markets react to the Middle East conflict and domestic regulators step up scrutiny of retail pricing. The Australian Institute of Petroleum’s weekly report for the week ending

CANBERRA: Australia’s biggest business lobby is urging the federal government to cut red tape and recalibrate tax settings after a new competitiveness index placed the country mid-pack for attracting investment, with weak scores on regulation and business taxation. The Business