Thousands of Australians are taking money from their retirement nest eggs to pay for weight-loss surgery and other life-saving medical treatments that are not covered by Medicare.
A new record low yield for the sale of a commercial car park in Melbourne's CBD has been set at 2.78 per cent, which agents say is being driven by lack of stock.
Iron ore has led a shocker month for Australia's key commodities, crashing to a fresh five year low overnight on Monday.
Goodman Fielder chief executive Chris Delaney has played down concerns over Woolworths' aggressive move to cut its Homebrand white bread to 85¢ a loaf and declared he wants to stay in the job if the breads and spreads maker is acquired by its foreign suitors.
Lend Lease’s recent project victories, such as the East West Link project in Victoria and the sale of the Bluewater mall in London, has led to a rise in the executive remuneration, with the chief executive Seve McCann taking home a pay packet totalling $7.6 million.
The Australian stockmarket is trading below the level at which it started 2014, after a shocker month wiped out all the gains of the first eight months of the year and took $90 billion off the value off the Australian shares.
The federal government's move to leave the superannuation guarantee at 9.5 per cent only adds to looming pension problems that will take Australia down the path of struggling European economies and make the current budgetary malaise look like child's play, AMP chief executive Craig Meller warns.
Clive Palmer is “mistaken” to claim the government wants to revive the now axed overseas Australia Network television channel, Foreign Minister Julie Bishop says.
The demand from overseas investors for Australian office, retail and industrial properties has pushed the total sales to close to $11 billion in the past three months, and more of the same it tipped as more properties hit the market.
EG Funds Management has inked a deal to develop a $300 million mixed use project with 300 apartments and retail and office space on site.