House prices rise ahead of selling season
By Marty SilkAustralian Associated PressThe housing market is strengthening in the lead up to the spring selling season, with prices and auction clearance rates steadily rising.Mainland state capitals home prices rose 0.5 per cent in the week ending August 28, according to housing market analysts CoreLogic.Prices grew by 0.8 per cent rise in Melbourne, 0.2 per cent in Sydney and 0.1 per cent in both Brisbane and Adelaide.Sydney retained the title of most expensive median house price at $850,000,..>> view originalCentral bank worries, rise of the 'alt-right', and (not) working by the pool
Sign up to receive FirstFT by email here As the world’s central banking elite gathered at Jackson Hole, Wyoming, Janet Yellen, Federal reserve chair, gave assurances the US central bank will not find itself out of weaponry if a new recession unexpectedly strikes. But, beneath the surface at the Kansas Fed’s annual symposium, many economists remained anxious about whether western central banks have sufficient scope to galvanise growth as some experiment with radical measures such as negative in..>> view originalReporting season's dividend contradiction baffles analysts
The wonder of this reporting season is that it has something for everyone. If you're an optimist, the clear majority of companies have increased their dividends. If you're a pessimist, Australian dividend payments have shrunk for the first time in five years.And if you're a CFO, the glass is twice as big as you need – so downsize. More Business Videos Previous slide Next slide Dividends down and dividends up Youi may be charging your credit card Mast..>> view originalMcAleese collapses as bailout deal fails
Bid to halt Adani's Carmichael coal mine fails
James Packer sells down Crown Resorts to pay debt after settlement with sister
Media mogul Kerry Packer, who passed away in 2005, is greeted at Sydney Airport by his children James and Gretel in 1977. Trevor Dallen Billionaire James Packer has relinquished majority control of casino operator Crown Resorts because of a need to pay down debt following the settlement of the Packer family empire with sister Gretel, sources said.Mr Packer cashed out about $450 million from the sale of 35 million Crown Resorts shares, or about ..>> view originalGold output at 15-year high
Kidman bidding heats up as Gina Rinehart mulls move
Australia's richest woman, Gina Rinehart, is looking to bid jointly with Chinese interests for Kidman & Co, one of the country's largest farm owners, according to sources, hard on the heels of the purchase of a string of pastoral properties in northern Australia.Chinese interest in acquiring Kidman remains intense, despite the federal government's rejection of recent bids. More Business Videos Previous slide Next slide Treasurer blocks Chinese land bid Dividen..>> view originalNew home sales falls to 2-year low in July
Picture of a slowdown: Sales of new detached homes fell in every mainland state in July. Anna Warr New home sales fell to a two-year low in July, detached home purchases fell in every mainland state, the Housing Industry Association said. The 9.7 per cent decline in sales pulled the total of houses and apartments sold for the month to 7110, the lowest since July 2014, the HIA's latest monthly report said. A 7.4 per cent decline in detached ho..>> view originalMore trouble for failed Masters
The Masters wind-up has hit a snag. Picture: Brendan RadkeAS if Masters hasn’t had enough trouble already, now it’s site has crashed as the store attempts to get rid of its hardware stock.News.com.au spoke to a customer service representative who said they “have no idea what’s going on”.Masters Home Improvement website has crashed.Source:SuppliedPeople trying to access the failed hardware store’s site will be greeted with a message saying it’s under maintenance.“Our website is under maintenance ..>> view original
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