The Reserve Bank says the big house price fall along Australia's east coast will not derail the economy by itself, but bosses need to start paying their workers more or times might get tougher.
The unemployment rate in Western Australia has reached its highest since 2002 and, despite a new promise of 150,000 more jobs, the Chamber of Commerce and Industry warns there will be short-term pain before any long-term employment gains.
The District Council of Coober Pedy spends $60,000 investigating complaints before the complainant himself is elected to council.
As banks pull back on new finance and tighten credit after the royal commission, households are being pushed into riskier forms of credit — leaving many struggling with financial problems and becoming trapped in a 'spiral of debt'.
The ASX December half results season has been far from a disaster, but there are signs of problems ahead.
NAB is forecasting the next interest rate move will be beyond 2020 but, if the Reserve Bank does alter policy, it is more likely to be a cut as business confidence and conditions "lose momentum".
Small and big businesses say they are struggling, especially those in the construction and retail sectors, putting in doubt the Reserve Bank's hope that workers will start getting bigger pay rises.
The Reserve Bank governor says the chance of an interest rate cut is now "more evenly balanced" with the prospect of an increase as the RBA assesses the fallout from Sydney and Melbourne house price falls.
The Opposition says the Liberal MP, who heads up a parliamentary committee examining a contentious Labor policy, has a "massive conflict of interest", but Mr Wilson says all rules have been adhered to.
Retailers appear to have endured a disastrous Christmas period, with sales tumbling 0.4 per cent in December.