Australia Business News

House price collapse would 'pressure the whole economy', warns OECD

Australian regulators should be drafting contingency plans for a collapse in house prices, with a "hard landing" looming as a key risk to the wider economy, the OECD warns.

Source: Business | 10 Dec 2018 | 1:03 pm(NZT)

Odd men out: IOOF's leaders stand aside pending court case

The banking royal commission claims its latest scalps, with the managing director and chairman of IOOF — originally known as the Independent Order of Odd Fellows — standing aside pending a court case by the super regulator.

Source: Business | 10 Dec 2018 | 1:03 pm(NZT)

Ansell pushed to protect workers' rights in its supply chains

Unions and labour rights experts call on rubber glove retailer Ansell to step up efforts to protect migrant workers at Top Glove factories in Malaysia that supply products to the Australian company.

Source: Business | 10 Dec 2018 | 8:53 am(NZT)

311 per cent surge in Chinese nationals applying for asylum in Australia

A massive increase in Chinese nationals arriving on temporary migrant visas, in particular international students, are driving soaring refugee claims, experts say.

Source: Business | 10 Dec 2018 | 8:09 am(NZT)

How low can you go? Data shows impact of property downturn in your suburb

Australia is rapidly edging towards the sharpest downturn in property prices since the last recession. And new data reveals some neighbourhoods are feeling the pain much more than others.

Source: Business | 10 Dec 2018 | 8:02 am(NZT)

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