Sharon Olalia

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Changes Boost Australia's First Home Saver Scheme

Changes to the Australian government’s $1.2 billion First Home Saver Account (FHSA) have boosted the scheme after an underwhelming response during the first two years of its operation, mortgage broker Loan Market has revealed on Monday.

Builders Reject Regulation of Independent Contractors

Australia’s building and construction industry has expressed concern following Thursday’s ruling by Fair Work Australia in ADJ Contracting Pty Ltd which upheld the legality of enterprise agreements regulating the engagement of independent contractors.

Lower Property Valuations Hurting Australian Borrowers

Australian borrowers are facing increased costs as the valuations on their properties are coming in lower than anticipated due to the softer real estate market nationwide and a more conservative approach by valuers, according to mortgage broker Loan Market.

Virgin, Singapore Deal Gets ACCC Nod

The Australian Competition and Consumer Commission has granted the alliance between Virgin Australia group of airlines (ASX: VBA) and Singapore Airlines draft approval.

Unit Rental Prices Soaring, Nearing House Prices

Even with a subdued quarter for rental prices, annual growth figures show rental prices for units are approaching that for houses in most capital cities, according to a new report released on Thursday.

Qantas Strike Hits 60,000 Passengers; Australia to Intervene

Qantas passengers face their third day this week of severe disruptions to their holiday and business travel plans with the strike on Friday by licensed engineers’ union to affect over 7,600 passengers from 17 flight cancellations and 32 flight delays.

Virgin Increases Services to Pilbara amid Resources Boom

In support of the booming mining sector, Virgin Australia announced today it will provide more than 1,000 additional seats each week from Perth to Port Hedland and Karratha in Western Australia’s Pilbara region. The increase in services will commence on November 21 and end in March next year.

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