Coles could axe up to 600 jobs from its headquarters in Melbourne in an attempt to cut costs.
Following the US Labor Day trading lull,
Home building approvals hit a record high in July, suggesting the economy is shifting from its reliance on the resources sector.
Sydney has become a favourite among Asian property investors wanting to buy up office space to convert into apartments.
Stocks of interest on the Australian Securities Exchange at close on Tuesday
The next interest rate move is being pushed further into the distant future as the RBA continues to hold the cash rate at 2.5 per cent.
Australia's economic growth is expected to slow in the June quarter but most economists expect it will only be a blip.
The central bank has kept the cash rate at the record low of 2.5 per cent, marking 13 months since its last move.
Joseph Gutnick has offloaded shares in gold explorer Blackham Resources after recently resolving his disputes with the company.
Ratings agency Moody's has warned Australian bank lending is growing at a faster rate than deposits.
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