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House prices have fell by 4 percent the past year with Brisbon and Melbourn the hardest hit.Insabon Monda from the real state institute of Victoria says prices are simply reflecting the markets. And xxx can't push up prices,the market was what market
The Reserve Banks December minutes confirm a period of stability for interest rates is set to continue. The board noted that some market participants expect rates to fall next year and discussed factors behind those market expectations, but the RBA g
A key independent has told labor it is time to end the leadership speculation, once and for all. Tony Windsor says labor risks losing his support if it doesn't settle the issue. Meanwhile the foreign minister Bob Carl has strongly dismissed reports t
To finance,Australia's been warned not to be over-commit on the mortgage just because interest rate at record lows. Many economists believe the reserve bank will cut rates again before the end of the year.But Angie Zigmane from BIS Sharpnel says it's
-Leading the news morning. Prime Minister Kelvin Rudd wants to give Labor party members an equal say on who should be lead up.A special Caucus meeting will be held in a fortnight to consider the radical plan.Mr. Rudd says the change will reduce the p
Prime minister Julie Gillard will travel to Indonesia next month for annual talks with president Susilo Bambang Yudhoyono .The visit will give the PM opportunity to discuss ways to stem the flow of asylum seeker boats before September's election .The
And when the markets in Europe closed a couple of hours ago, Londons FTSE 100 was down 28 points. The Dax and Euro were also down. In the US, trading comes to a close shortly. The Dow Jones is down. The SP 500 is down by seven points. And the Austral
The offial interest rate is now at a record low of 2.75%. It's the Reserve Bank's first cut to interest rate since December last year. The RBA board says the domestic economy continues to struggle with the high Australian dollar. The bank has also le
An air-and-sea search continues for two passengers who've gone overboard from a cruise liner. Thirty-year-old Paul Rossington and 27-year-old Kristen Schroder were reported missing yesterday when the Carnival Spirit docked in Sydney. Police say they
Federal politicians due return to Canberra today as the Treasurer Wayne Swan prepares to hand down his sixth budget. He has considered it's going to be very uncomfortable to go back on his promise of a budget surplus. Instead, a 17-billion-dollar rev
Upper front the air is still cool over Tasmania past Victoria and New Southwales. And onshore wind still driving a few showers into Tasmania and Southern Victoria. Winds were layers and the air were warm at the influence of high. And a ridge of low p
First, it's going to be big factorial across much of the eastern and central parts of the continents is high pressure system becomes the dominant feature through the weekend. So it gonna bring small * winds along past of the New South Wales coast and
The Australian share market posted sharp falls weighed down by banks and mining stocks. The All Ords and the ASX 200 Index both lost 1.2%. The smaller oil producers were among the best performers. Iron Ore miners like Fortescue slumped. Nab was the w
Leading the news this morning.The Federal Immigration minister Peter Dutton has denied claims asylum seekers on Manus island were denied food and water during a standoff with security staff. A number of asylum seekers have been detained by police aft
South Korea's Samsung group has won a five-billion-dollar contract to redevelop Western Australia's Roy Hill iron ore mining project. The company confirmed the contract is to build a process plant to export iron ore as well as a railway line and port
Portugal and Ireland are to be granted an extra 7 years to pay back their emergency bailout loans. European Union and the IMF bailed out the Republic of Ireland in 2010 and Portugal in 2011. The 17-member-group that uses the euro currency agreed to t
Leading the news this morning: Greens MP Adam Bandt has forced Parliament to begin debating the issue of same sex marriage. Hes introduced a motion, calling on MPs to talk to their constituents about their views on gay marriage. Both major parties op
Let's take a look at the satellite. A trough is triggering storms over northern parts of Queensland. Another trough is generating showers and storms in the northern territory and WA. And a high is keeping the country's southeast dry. Looking around t
To finance. Now the Reserve Bank has hinted it will cut interest rates next month, soaring in the month ahead, as the mining boom slows quicker than expected. Mr Stevens says the gloom over Europe's debt crisis is starting to ease, but he says produc
Leading the news this morning. Syria's peace envoy Kofi Annan has given up on diplomacy and will resign at the end of the month, he says he is frustrated by the UN security council's failure to agree on sanctions against president Assad, Australia's