Updated: 38 min 23 sec ago
TOYS ‘R’ US Australia has gone into voluntary administration months after the US and UK retail giant’s collapse.
Rice Warner CEO Michael Rice is calling for the family home to be part of the pensions test in a controversial proposal for retirement spending. The veteran actuary told Sky News that the relativity between those who rent and those who own their home is unfair, and is proposing changes to the pension assests test to account for this. Mr Rice has prepared a report of recommended changes to be presented to the Actuaries Institute's Financial Services Forum on Monday.
The Reserve Bank of Australia is likely to keep rates on hold at a record 1.5 per cent for the remainder of the year with NAB abandoning its forecast of a rate hike this year. Sky News Business has spoken with NAB Chief Economist Alan Oster on how this effects the Australian economy.
The local sharemarket has made a lacklustre start to the new trading week, finishing Monday’s session flat. Gains from the Healthcare and Utilities sectors were offset by losses in the Telco, Materials and Financial sectors.
BLOCKS of land on Melbourne’s fringe are flying off the market in an average of just 24 days, as competition for the great Australian dream remains hot at an affordable level.
VENDORS in Ashfield had a weekend to remember with a number of strong auction sales.
THE sale of a three-bedroom house on a small block in Reservoir showed “how unaffordable Melbourne is” at the weekend — but buyers are enjoying more control.
CULTURAL diversity and location are driving prices towards the million dollar mark in Underwood, according to Ray White Rochedale principal Zishaan Omar.
A BRISBANE riverfront home that looks like something straight from the shores of Lake Como has sold for a whopping $4.875 million.
POPULAR western Sydney suburb Merrylands is set to be transformed following the announcement of a new $808 million mixed-used development.
A PRIME block of land in the Erina Valley that had a price guide of $1.2-$1.32 million has sold for a whopping $1.65 million, smashing the reserve under the hammer at auction.
A TELSTRA outage may have slowed down proceedings but a Gold Coast mega mansion took centre stage when it sold under the hammer on Monday.
SURROUNDED by trees, gardens and birdlife, with valley views, this elevated home has been modernised but still has a funky, retro feel.
OLDER Australians pressured into putting up their own home as security for a younger relative’s business venture have been targeted by banks who go “straight” for their assets rather than the borrower’s when things go south.
THIS 1950s built weatherboard cottage at Glenorie has an old-fashioned feel that instantly takes visitors back to a time when life didn’t seem so hectic.
SET within a secure, gated community, this light-filled townhouse is well presented in white tones, with modern styling.
MODERNISED throughout, with a brand new kitchen, new blinds and a new wall airconditioner, this home has a classic white-toned interior.
NATIONAL Australia Bank is the latest lender to push back its call for an interest rate hike.
A DISABLED beggar has been found to have carrier bags full of cash and nearly $1.5 million secretly stashed in the bank.
HOMES in the future will be so in tune with owners they will be able to tell their mood, TV preferences and even if they’re hungry — due to smart tech engaging with their biometric data.