NAB forecasts a 7% peak-to-trough decline in capital city property prices, but economists warn this fall will not be sufficient to solve Australia’s deep-seated housing affordability crisis. Experts testify that resolving housing inequity will take Read More
Infrastructure companies Jemena and APA Group are advancing plans for new pipelines to transport gas from the Northern Territory’s Beetaloo Basin to Australia’s east coast. Jemena intends to build a 400-kilometre connection to Read More
Savers recently opened its 19th Australian location in Geelong, drawing large crowds and highlighting the brand’s significant expansion within the regional second-hand retail market. Despite its local presence, the retailer is a subsidiary of Read More
An independent report found that Telstra failed to prioritize known system vulnerabilities and lacked clear ownership of key network elements, contributing to a massive nationwide outage. The failure was triggered by a power supply replacement Read More
Australia’s economy grew by 0.4% in the June quarter and 2.1% over the year, slightly exceeding economist forecasts and matching the performance of major economies like the United States. The stronger-than-expected economic data has increased the Read More
Sibanye-Stillwater has secured board approval to restart the historic Mt Lyell copper mine near Queenstown, Tasmania, which has been inactive since 2014. The reopening is expected to create more than 300 jobs, providing a significant economic boost Read More
Woolworths has announced it will stop selling Tasmanian beef by 2027, ending its long-term supply agreement with the JBS Foods abattoir in Longford. The decision was driven by rising production and shipping costs, specifically the unsustainable Read More
Australian AI startups face significant growth barriers, including a lack of domestic market recognition and intense global competition for the expensive computing power necessary to scale. The federal government has identified a critical transition period Read More
The Northern Territory government is working to reduce its $11 billion debt by creating a more attractive environment for major industrial and mining investments. Significant energy projects, such as the Beetaloo Basin gas project, are being Read More
A Mitre 10 franchisee won a Federal Court ruling for a “no adverse costs order,” protecting him from paying Bunnings’ legal fees—estimated at $6 million—if he loses his competition lawsuit. The legal challenge aims to Read More
