Moody’s Analytics is forecasting continued weakness in Perth's residential property market this year but a return to positive growth in 2019, with Perth’s western suburbs and Mandurah tipped to be the best-performing regions.
The Australian share market has closed slightly higher on Monday, helped by positive leads from US and European markets but the Australian dollar has taken a beating from lower commodity prices and the anticipation of higher US interest rates later this week.
Cruise ship operator Princess Cruises has announced Fremantle as the home port for its Sun Princess superliner for a record period in 2019-20, following a series of upgrades to the state’s ports by the government.
The business sector has cautiously welcomed the federal government's announcement of a new visa scheme aimed at attracting high-paid and highly skilled workers to Australia, with the changes effectively reversing some of the stricter rules announced last year when the 457 visa sub-class was abolished.
A $100 million tax incentive scheme to encourage resources exploration and arrest the decline in Western Australia's mining sector passed the Senate today.
West Perth-based Beadell Resources has announced plans to merge with a Canadian mining exploration firm to create a dual-listed company on the ASX and the TSX venture exchange.
Emerging Western Australian nickel company St George Mining is pleased to announce it has successfully raised $4.0 million from institutional and sophisticated investors via a placement at an issue
Western Australia-based employee management platform Definitiv has secured a seven-figure investment from a Singapore-based consultancy firm, which now has minority stake in the Perth technology business.
The Australian dollar has fallen to its lowest level since Christmas, as metals prices fall on the back of worries about a possible international trade war.
Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as US stock prices rose and investors covered short bets ahead of a weekend in which the US news p
Gold prices are lower, as the metal is weighed down by a stronger US dollar and expectations that the US Federal Reserve will raise interest rates next week for the first time this year.
Australian shares have closed higher, led by a surge of support for consumer-related stocks following Wesfarmers' announcement of plans to spin off supermarket giant Coles.
The Perth housing market has received a strong endorsement, with a survey from the Property Investment Professionals of Australia listing Perth highly as an investment prospect for 2018.
Perth-based Mincor Resources has approved the development of its Widgiemooltha gold project, located in the Goldfields, with mining set to commence next month.
TNG has signed an agreement with a jointure venture between Adelaide-based contractor McMahon Services and Clough to provide engineering and construction services at its Mount Peake vanadium project.
A costly problem that dramatically shortens the life of subsea equipment used offshore of Western Australia is the focus of a collaborative project backed by some of the state’s biggest energy producers.
Shares in local tech firm Nuheara soared today after the company announced it had become an approved supplier to the federal government’s hearing services program, which was allocated a $539 million budget this year.
PODCAST: In this Business News podcast Mark Beyer and Mark Pownall discuss Coles spinoff plan, tourism challenge, waste to energy, remembering Warwick Kent and Mal Bryce, and our ICT feature focuses on where to for GovNext and cybersecurity.
Three local junior explorers have raised more than $21 million, with Draig Resources and Triton Minerals boosting their coffers while the Charlie Bass-led Eagle Mountain Mining has commenced trading on the ASX after raising $8 million via an initial public offering.
Australian shares have opened comfortably higher, buoyed by news that Wesfarmers plans to spin off supermarket giant Coles, and after the Dow Jones index in the US made a strong surge on easing fears of an international trade war.
Investors have welcomed today's news that Wesfarmers plans to spin-off supermarket giant Coles and create a separately listed business that would rank among the 30 biggest on the Australian stock market.
The Australian dollar has hit a one-week low against a strengthening US dollar after comments from Donald Trump's new economic advisor Larry Kudlow that the president favours a stronger US dollar.
Oil prices edged higher in choppy trade, after the International Energy Agency said global oil demand is expected to pick up this year, but warned supply is growing at a faster pace.
Gold prices have dipped, under pressure from a stronger US dollar, although tensions between Britain and Russia limited the precious metal's decline a day after it hit a one-week high.
Batteries and solar panels will be rolled out at 60 locations on the edge of the state’s electricity grid throughout the Wheatbelt and Goldfields as part of a plan to improve reliability and cut capital costs across the Western Power network.
