The Latest Breaking News from Melbourne

Home prices have been dropping over the past six months as the Reserve Bank of Australia has raised interest rates from a record low in May to curb red-hot inflation. And with interest rates set to keep rising, more falls are expected.

Melbourne researchers have discovered towering underwater mountains and new animal species as part of a voyage to learn about life in the Indian Ocean.

IT'S not often you want rain on your parade, but for Newcastle's Tony Price and his fellow owners of Gold Trip, that's exactly what they are hoping for in the $8 million Melbourne Cup (3200 metres) on Tuesday.

"The race that stops a nation" isn't stopping much as more Australians switch off and let Melbourne Cup Day pass by without a second thought.

The 1982 campaign to stop the building of Tasmania’s Franklin River dam was a defining moment in the history of Australia’s social movements. Those events are now being recounted in the documentary Franklin, screening throughout the country.

Whether you are a once-a-year punter or a racing tragic, get yourself prepared for the big day with our guide to the Melbourne Cup at Flemington.

Forget those Melbourne shenanigans

Traffic congestion is a growing frustration in Melbourne's booming outer suburbs, where experts say growth is far outpacing infrastructure. Pollsters say voters in the outer suburbs feel neglected because of a lack of services, an issue that may cost votes at this month's election.

She’s one of Australia’s most exciting choreographers, rocketing to success here and abroad over the last four years; but Stephanie Lake’s pathway to the mainstage was unconventional and convoluted.