![Melbourne's economy grew by 4.4 per cent while that of regional Victoria shrank by 1 per cent.](/web/20161205154141im_/http://www.smh.com.au/content/dam/images/g/s/c/y/q/r/image.related.wideLandscape.460x259.gt42qy.png/1480946109642.jpg)
Melbourne rides high while rest of state goes backwards
Victoria has become Australia's most divided state as the economic fortunes of Melbourne soar while those in the rest of the state crumble faster than anywhere else in the nation.
Victoria has become Australia's most divided state as the economic fortunes of Melbourne soar while those in the rest of the state crumble faster than anywhere else in the nation.
Westpac and National Australia Bank have both raised interest rates for key groups of home loan customers, as banks look to protect their profit margins by passing on higher funding costs.
Acusations of 'hypocrisy' and 'unfairness as more federal high-earners get pay rises of up to $26,000.
For once, the pollsters were right - and it's bad news for financial markets.
Another Samsung washing machine has caught on fire in Sydney, triggering the residents - including three children - to flee.
The number of incoming female chief executives in Australia remains low and has stagnated over the past year, according to a report examining tenure and makeup of CEOs by PwC.
All public schools around the state will provide minimal supervision for students when teachers take industrial action on Thursday morning over pay and conditions.
Hong Kong's Cheung Kong Infrastructure may need an Australian partner to win federal government approval for its $7.3 billion tilt for energy network and gas pipeline owner and operator DUET Group.
There could be an interesting moment during Tuesday's Reserve Bank board meeting: when the members consider that the bank's forecast of year-to gross domestic product growth dropping to about 2.5 per cent has arrived nine months early.
As our befuddling year comes to a close, it pays to remember which companies can rely on the magic pudding formula.
The final Reserve Bank board meeting of the year takes place at a magical time in Sydney, where the city gives itself over to sundry before Christmas. Michael Pascoe comments.
The Commonwealth Bank has been forced to pay a further $4.96 million in compensation to victims of bad financial advice as a result of being slapped with licence conditions by the corporate regulator.
Telstra has appointed Robyn Denholm as its new chief operations officer, a role vacated by Kate McKenzie in July.
The ASX started the week on the back foot as the resignation of Italy's PM increased fears of emboldened nationalist movements around the world.
Robots are the latest retail "disrupter" as they head to a shopping centre near you to offer advice, assistance and some entertainment.
The housing boom, a local currency that is just right, and strong employment figures have buoyed retailers this year, and now they are feeling more upbeat ahead of Christmas than they have in years.
In a day of resignations, the ASX and the euro drop after Italian PM Matteo Renzi steps down, while the kiwi slips on John Key's surprise exit.
An age-old debate was re-ignited last week, when the OECD called for higher interest rates to rein in Australia's resurgent housing market.
Australian banks are drawing a line in the sand. Interest rates on mortgages are going up – by stealth. And there will be flow on effect to the residential property market and temper the rate of growth in Sydney and Melbourne.
As investors continue to flee Bellamy's, brokers are hurriedly re-rating the company.
Cheung Kong Infrastructure has made a $7.3 billion bid for Duet Group, after losing a bid for Ausgrid only four months ago.
Don't get too excited by a cut-price deal to rent a cool holiday house on Airbnb. Here are ways to avoid the scammers.
Fairfax Media and the ABC have won a defamation case brought against them by a former National Australia Bank financial planner.
We've got you covered with these top Kris Kringle gift ideas for all age groups.
A company led by Asia's second richest man Li Ka-Shing has made a $7.3 billion bid for infrastructure owner Duet Group, just four months after the Turnbull government blocked the purchase of NSW's poles and wires business by the same group.
The euro fell as exit polls showed a lead for the "No" campaign in Italy's constitutional referendum.
Indian coal mine company Adani has secured the final state and federal government approval for its $21.7 billion Carmichael coal mine project.
A look at Australia's 50 highest paid jobs highlights a huge gender pay gap.
The local share market is set to open up on Monday morning, with ASX futures 21 points higher on Saturday morning as Wall Street limped to a flat close.
It was only when a customer spat in his face that Jack Burrows found himself struggling to deliver service with a smile.
How Sarah Christian expanded the wig market in Sydney.
1) Small business contracts are way too complicated for the average person to understand.
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