CoreLogic has exposed flaws in the government’s first home buyers deposit scheme. Under the new scheme, first home buyers can apply for a loan with just a five per cent deposit, instead of 20 per cent. CoreLogic’s head of residential research Eliza Owen has found it has an inadequately high-income limit, fails to address housing […]

The owner of the biggest independent grocery business in Australia says his business has felt the pinch of the slowing economy. The Australian Bureau of Statistics has reported an annual GDP growth of 1.7 per cent which is lower than Reserve Bank forecasts. But the government insists this is still a good result. Drakes Supermarkets […]

Australian’s have increased their use of NBN data by almost 25 per cent. More than 10 million premises are able to access the NBN today with the rollout expected to be completed next year. New data reveals people are now consuming about 258GBs of data a month. Communications Minister Paul Fletcher tells Ross Greenwood this […]

The government’s union-busting bill has suffered a shock defeat in parliament after Pauline Hanson and Jacqui Lambie voted against it. One Nation was prepared to support the legislation as long as unions wouldn’t be punished for minor breaches. The bill would prevent big union mergers and allow the federal court to deregister a union that […]

The National Australia Bank has followed other big banks and posted a lower full-year net profit. The $4.8 billion, down 13.6 per cent on last year, was dragged down by previously announced remediation costs of $1.1 billion over the year. NAB chairman Philip Chronican tells Ross Greenwood they are meeting the Australian Prudential Regulation Authority (APRA) […]

The Australian Taxation Office (ATO) is insisting businesses who “do the right thing” don’t need to be concerned about their impending visit to the south coast of NSW. The ATO announced it plans to visit 800 businesses around Bega and the south coast in what they describe as a crackdown on the black economy. But […]