The Reserve Bank of Australia has cut the official interest rate by 0.15 percentage points in its first shift since sitting at the already historic low of 0.25 per cent from March.
Loan repayments are rising again, with surging property prices outweighing the improved affordability from record low interest rates.
NSW authorities are "very concerned" about Melbourne's growing COVID-19 outbreak, Premier Gladys Berejkilian says, as contact tracers rush to contact people from a NSW sporting club who attended an event in Victoria where a confirmed case was present.
Companies with soaring profits that also received wage subsidies will not be forced to repay JobKeeper despite intensifying scrutiny of the scheme.
The second wave: Difficulties and opportunities faced by Chinese leaders in Australia