AU ECONOMY

The profitability of Australia's banks, which at one point were worth more than the whole of the European banking sector, may not last as margins are under pressure on two counts.

A cooling property market has pushed renovation costs up by a whopping 8.11% for NSW homeowners.

Studies show that outsiders have a higher likelihood of getting dismissed within the first three years of taking on the job. Evidence further shows that outsider CEOs often fail to deliver the expected turnaround of the organisation.

Prime Minister Malcolm Turnbull questioned whether the benefits of increasing the GST would be worth the difficulties of doing so.

Australians are swapping mortgage forms for credit card and personal loan applications, with consumer credit demand rising 9.7 percent in the December quarter of 2015, as compared to the same period in 2014.

Australia should not be complacent about maintaining its top credit rating, which depends on achieving budget repair and a more diverse economy, Treasury secretary John Fraser has said.

Some of the towns affected by the bushfires in Victoria remain closed and the exact economic damage of the incident is still being calculated.

Annastacia Palaszczuk said she would wait for the government to reach a decision on the suggested Sunday penalty rates changes.

Speaking at the Lowy Institute, Bill Shorten criticised PM Malcolm Turnbull for sticking with Tony Abbott’s climate policy ahead of the United Nations Climate Summit in Paris.

Online scammers continue to mislead Australians into applying for fake loans by pretending to be legitimate Australian loan lenders.

The fading boom can be good news for home buyers as prices become more 'realistic'.

The expansion of nuclear power is creating the opportunity for Australia to become the world's top uranium supplier, says a new Minerals Council report.

The Australian property market prices will soon ease off, predicts SQM Research in its Housing Boom and Bust report.

Major Murray Report changes include the regulation of credit card surcharges, strengthening of banks’ capital reserves, and freedom for workers to choose their own superannuation fund

Retail giants Woolworths and Coles may face strong competition from Costco, whose low-price strategy and broad range of products are driving more competition in Australia's supermarket and fuel industry.

The proposal to sell SA Water has been put forward to ensure a stable economy in Australia.

Following a record of high profitabilty, Qantas Airways has increased the fares of its international flights.

Heightened investor's activity has resulted in the housing price surge and increased the risk of significant price falls later.

The unemployment rate in Australia remained steady in September, in spite of the diminishing number of jobs in the month.

The Department of Foreign Affairs and Trade signed a contract with Fields Group that will benefit indigenous businesses.

A survey by Communications Alliance reveals that most telecommunication companies aren't compliant with Australia's new data retention laws yet.

The NAB Monthly Business Survey has indicated a positive business climate in Australia.

With Macquarie Research suggesting a 7.5 percent drop in housing prices, Australia could soon see itself in the waves of recession.

As an economic thinker Lowe is held in high esteem and many call him an “exceptional” economist.

The Australian health industry is watching the Trans-Pacific Partnership closely after the agreement was signed following five years of secret negotiations.

Bluescope Steel workers have agreed to a package that will save 4500 jobs at their Port Kembla factory.

Former Rhodes Scholar Dr Joanne Howe’s report points out the grave deficiencies in the China-Australia Free Trade Agreement.

David Collins, Professor of International Economic Law at City University London, explains the achievements of the Trans Pacific Partnership (TPP), and the barriers that remain.

Auction clearance rates have fallen to 69.6 percent despite recording the highest auction listings for September.