Business

ANZ warns Sydney faces worst house price fall since 1980s.
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Business
Stephen Johnson

Big bank tips steepest house price falls since early 1980s

ANZ is now warning home owners in a major Australian city to brace for the sharpe house price falls since the early 1980s.

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Companies

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Wesfarmers and SQM's Mt Holland lithium venture.

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The supermarket giant is hiking the price of a household staple as its suppliers face ongoing fuel-related supply chain and operational cost pressures.

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NAB is the latest bank to confirm it is joining the cull, after ANZ revealed it was slashing 3500 jobs and 1000 contractors.

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Consumers are being urged to shop around for the best grocery deals, though Australia’s third-largest supermarket offers the greatest overall value.

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Southern Cross Media boss Rohan Lund

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SGH chief executive Ryan Stokes.

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Chief executive Anthony Miller said households were feeling the strain even as businesses kept spending.

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The strong annual result concealed a sudden fall and recovery late in the financial year.

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Housing prices falling in Melbourne and Sydney The Nightly

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Financial expert Rachel Cole has cautioned against panic selling investment properties as housing tax changes loom.

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Wesfarmers and SQM's Mt Holland lithium venture.

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Energy

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The war on Iran is hitting US partners Australia and New Zealand among those racking up billions of dollars in higher fuel import costs after prices spiked with the closure of the Strait of Hormuz.

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The Hon. Chris Bowen MP, Minister for Climate Change and Energy, speaks at the National Press Club.

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Woodside has narrowed its production guidance for the full year to between 174mmboe and 185mmboe.

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