Australian house prices will fall sharply this year and next as rising mortgage rates and cost of living pressures drag on demand, a Reuters poll found, but for many people buying a home will still remain far out of reach.
Australia's housing market downturn is squeezing many home sellers into a double bind: They've taken out a mortgage for a new home but are holding out for a good deal on their old place, forcing them also to hold a bridging loan to cover their previous mortgage.
Australia's biggest listed coal miners are expected to report record annual profits this week, underpinned by soaring commodity prices, even as they grapple with tight labour market conditions and inflation-induced cost pressure.
Former Australian Prime Minister Scott Morrison's secret appointments to ministries during the COVID-19 pandemic "fundamentally undermined" responsible government despite being legally valid, according to advice from the solicitor general.
A 37-year-old "perfectly healthy" woman developed dementia because of a hidden mould infestation in her house in Sydney, Australia.
Australia's government said on Friday it plans to introduce new regulations targeting vehicle carbon emissions to boost the uptake of electric cars, as it looks to catch up with other developed economies.
Afghanistan's Olympic flag-bearer makes Australia home
Screen legend Olivia Newton-John will be honoured with a state memorial service in her adoptive homeland Australia.
With just a few events to go on Monday, Australia lead the way with 66 golds, 11 ahead of hosts England.
Australia lead the way in the overall medals tally with 46 golds, seven ahead of England, with Canada in third place on 16.
A little more than half of the properties being auctioned are selling in most main cities, down from three quarters as recently as March.
Australia said on Monday it will decide whether to curb exports of liquefied natural gas (LNG) after a watchdog urged restrictions.
Australian home prices slid for a third month in July and the pace quickened as Sydney suffered its worst decline in almost 40 years amid rising borrowing costs and a cost-of-living crisis.
Australia sees the world's climate emergency as an opportunity to create jobs.
The number of Australians admitted to hospitals with COVID-19 hit a record of about 5,450 on Monday, official data showed, as the spread of highly contagious new Omicron sub-variants strains the healthcare system nationwide.
An Australian man's cigarette break cost the life of his nine-month-old daughter in April last year.
Australian buy-now-pay-later (BNPL) firm Zip Co Ltd dumped a buyout of U.S.
A baby seal was found almost 3 miles away from its home in the ocean at a farm in South Australia on Thursday.
The accord was the first free trade deal to be signed since Britain's formal departure from the European Union at the start of 2021.
Torrential rain is lashing Australia's southeast coast, forcing thousands of people from their homes because of the danger of floods and landslides in a region battered by major flooding four times in the past 18 months.
Fresh evacuation orders were issued for tens of thousands of Sydney residents on Monday after relentless rains triggered floods for the third time this year in some low-lying suburbs.
Australia has been at the sharp end of climate change, with droughts, deadly bushfires, bleaching events on the Great Barrier Reef and floods becoming more common and intense as global weather patterns change.
