business

A Housing Industry Association report says rising land prices are blocking the construction of new homes. Source link

Shares of health insurers have surged ahead of premium hikes while the ASX has started its day higher, and NAB has reported a 30 per cent jump in quarterly profit.  Source link

The wine grape industry in South Australia’s Riverland continues to face unprecedented levels of uncertainty, as growers look to exit the industry and turn their land into residential housing. Source link

Sources say the actions will likely affect Aboriginal communities and that the investigation was not shared with the public. Source link

Australians are increasingly downgrading their health cover, with 360,000 people leaving gold policies since 2020. But some have been left out of pocket for surgeries they thought they were covered for. Source link

British economist Gary Stevenson is on a speaking tour, warning Australia will follow the path of the UK with “poverty exploding” unless politicians deal with inequality. Source link

ASIC is investigating whether lead generators are complying with their legal obligations when suggesting people switch their retirement savings into less-regulated investment schemes. Source link

Coles downplays what shoppers understood when they saw its “Down Down” price tags, saying “not much”, on the second day of a bombshell federal court case. Source link

Amid moves to increase penalties for those involved in the illegal tobacco trade, Western Australian authorities are slammed for handing out just $88,100 in fines last year. Source link

Coles has faced hearings at the Federal Court in Melbourne regarding accusations of misleading customers on discounts. The Australian share market was up, following Wall Street. Look back on the day’s events and insights from our business reporters in the ABC News markets blog. Source link