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A divide has emerged between the price of new builds and second-hand homes, writes Paul O’Donoghue.

The event will feature leaders from across the state and take place in the Riverside County desert.

There has been a ‘flurry of activity’ in the mortgage market this afternoon with three more lenders repricing their rates. MPowered, Clydesdale Bank and Halifax Intermediaries all followed Barclays in reducing rates today. Clydesdale Bank is reducing selected rates and launching new customer products tomorrow. New

As if lenders and vendors don’t have enough other stuff to worry about, the budgetary standoff in the U.S. doesn't look like it will abate soon, raising the likelihood of the first government shutdown since 2019. Current funding for federal operations will end on October 1 unless a deal is reached or the proverbial can kicked down the road. Thousands of federal workers might be furloughed without pay. Sure it will be temporary, and its wider impact will likely be limited, but still even talking about it is lousy. According to Morgan Stanley, the last 20 government shutdowns that...

In this week’s business news from South Australia, biotech impresses overseas and new affordable housing opportunities.