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Australia home auction clearance rates rise

SYDNEY: Tumbling Australian home prices may have found solid ground amid the worst property downturn in a generation as the real estate industry experiences a revival in auction demand, data showed.

Australia senate backs $110 billion tax cut plan to boost economy

SYDNEY (Reuters) - Australia's upper house Senate passed on Thursday A$158 billion ($110 billion) worth of tax cuts over the next decade, the centrepiece of the conservative government's plan to boost an economy that is threatening to stall.

Australia’s export billions go missing, statisticians suspected

SYDNEY: Australia’s export earnings are booming as resource prices surge but a statistical quirk means tens of billions of dollars go missing from main measures of growth, making the economy seem weaker than it actually is.

Australian PM promises migration cut, refugee freeze if re-elected

SYDNEY (Reuters) - Australian Prime Minister Scott Morrison, trailing in opinion polls ahead of a May 18 election, on Sunday campaigned on the hot-button issue of immigration, promising to cut annual migrant numbers and freeze the country's refugee intake.

Australia economy hits dry spell as incomes fail to flow

SYDNEY: Australian businesses reported only meagre growth in profits and wages for the fourth quarter of last year, a dry spell for incomes that likely saw the whole economy struggle to expand.

Australia central bank holds rates, still optimistic on economy

SYDNEY: Australia's central bank kept rates at record lows on Tuesday and took an optimistic view on domestic activity ahead of data that is likely to show the economy grew more than 3 percent last quarter.