Economists say the property market is starting to stabilise as the major cities experience a small fall in prices. The Australian Bureau of Statistics reported residential property prices fell 0.7 per cent nationally in the June quarter, which is a small fall compared to the last few quarters. Independent Property Economist Andrew Wilson tells John […]

Business conditions and confidence has fallen further amid concerns tax cuts are failing to boost the economy.  According to the NAB monthly business survey business conditions have dropped further and have been below average for some time. NAB senior economist Gareth Spence tells John Stanley it could take time to discover if Australians spent their […]

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Labor is calling on the government to stop shifting the blame and do more to combat Australia’s poor economic growth rate. Gross domestic product growth is now at its slowest since the 2009 Global Financial Crisis. Shadow Assistant Treasurer Andrew Leigh tells John Stanley Labor would be doing plenty of things differently if they were […]

The consumer regulator is taking Medibank Private to court over allegations they denied more than 800 members benefits they were entitled to under their policies. The Australian Competition and Consumer Commission (ACCC) is accusing the health insurer of making false representations to its members by telling them they were not covered for surgeries when they […]

The corporate regulator is advising customers to be upfront with their brokers after a report found many were unhappy with their loan. An ASIC mortgage report has found 10 per cent of people who used a mortgage broker to arrange a loan struggled to meet repayments within 12 months. ASIC Commissioner Sean Hughes tells Ross […]