Australia's economy grows a strong 1.1 per cent in the fourth quarter, averting a technical recession, but it is business profits not workers' pay packets where the benefits are being felt.
Activity in Australia's long-struggling manufacturing sector rebounds to a 15-year high last month, which bodes well for economic growth.
A property investor-driven buying spree is continuing to push home prices higher in Australia's two biggest cities, with Sydney recording its fastest annual growth in more than 14 years.
A report commissioned by CommInsure into claims of unethical behaviour at the Commonwealth Bank's insurance arm clears the life insurer of "systemic" and "cultural" problems.