The Reserve Bank of Australia (RBA) has kept the official cash rate on hold at 0.10% at its May meeting. While the RBA is now forecasting a stronger recovery and full employment to be achieved in two years, it isn't expected to touch interest rates for a few years...

The value of new home loan commitments shot to a record high of $30.2 billion in March, the Australian Bureau of Statistics reports. Investor lending spiked 12.8% over the month to $7.8 billion, as Australia's housing market continued its jaw-dropping run. Mo...

Workplace operations platform SafetyCulture has hit another milestone, minting a $2.2 billion valuation just 12 months after hitting its first billion. More »   

Australia’s airlines have sparked a price war on flights between Sydney and Melbourne in a bid to reignite domestic travel spending. Rex announced on Monday it would release a $39 ticket for the route, a move that was quickly matched by Virgin and Jetstar. Mor...

Prime Minister Scott Morrison appeared to soften the government's stance on the harsh prison sentences and fines applicable to those who breach Australia's new travel ban. More »