Reserve Bank governor Glenn Stevens has issued a warning to Sydney home buyers: prices don't always rise, they can fall, too. But he also says Australians should not think it is a bad thing foreign investors have been buying local homes in increasing numbers.
Communications Minister Malcolm Turnbull has hosed down suggestions he has described Rupert Murdoch as a ‘‘demented plutocrat,’’ arguing the News Corp head is the ‘‘most normal’’ media mogul he knows.
Vietnamese air force planes have spotted two large oil slicks off the southern tip of Vietnam which may be from a missing Malaysian jetliner that was carrying 239 people, including six Australians.
Authorities searching for a missing Malaysia Airlines jet are investigating the possibility of foul play after an Italian and an Austrian thought to have been on board were revealed to have had their passports stolen.
Customers using the Coles Flybuys card or online shopping service are having their personal details sent to up to 30 other companies owned by the same corporation and to third parties in at least 23 other countries.
The government's looming changes to the financial services sector could spark a wave of financial collapses similar to those that occured in 2006-10, which wiped $6 billion in savings from more than 120,000 investors, Industry Super Australia (ISA) claims.
The cost of housing Immigration Department staff on Christmas Island has blown out by $11 million since December, despite the number of asylum seekers detained on the island falling by more than 430 people in that time.
Australian actor Wendy Hughes has died at the age of 61.
A documentary on Lance Armstrong has more twists and turns than the Pyrenees, as cycling's biggest name gets slowly trapped in his own web of lies.
Australian parents are paying thousands of dollars to store their babies' umbilical cord blood with private operators - but only a few families have ever used it.