RBA cuts rate in first announcement of year

The Reserve Bank of Australia (RBA) has today announced it is lowering the cash rate by 25 basis points to 2.25 per cent.

Trade deficit shrinks, building approvals fall

Australia’s trade deficit has shrunk, but separate ABS figures show building approvals also eased in December.

Broken Hill solar farm on track

The company building the Broken Hill solar plant says the project is on track to be complete at the end of this year.

Gold Coast apartment owners fear $2m bill to fix dodgy building work

Apartment owners in a Gold Coast high-rise say shoddy construction work could leave them up to $2 million out of pocket.

Price gap fuels unit demand

Demand for attached housing is partly driven by the widening price gap between capital city houses and units prices according to one analyst.

Renovations not on the radar

According to a study commissioned by financial comparison site Finder.com.au, Australian homeowners are dodging renovations funded by the equity in their mortgage because it’s just too difficult.

Sanctioned Russian businessman wins Crimean bridge contract

Vladimir Putin hands a multi-billion dollar contract to build a bridge to the Crimea peninsula to an ally and former judo partner who is under Western sanctions.

Tasmanian joiner loves the warmth timber gives to furniture

Maurice Smith says all timbers have their own unique qualities which is part of what has kept him working with the product for most of his life.

Sydney market keeps firing

The New South Wales capital continued to be the nation’s outstanding market performer, according to the Domain Group.

Foreign workers dismissed from construction works

The Construction, Forestry, Mining and Energy Union says at least eight 457 visa holders working on a construction project for the Chia Tung Development Corporation in Narrabri have been dismissed.