In theory yes, but in reality the Australian-owned megacorps are all owned by a single person, and every single one of the media outlets they control endlessly pushes the political message of just one side.
So although they're "Australian owned", they're very far from good "neutral" sources of information.
(Source: am Australian)
EDIT: For those wondering, it's like virtually all of Australia's media being run by Rush Limbaugh. And he has a cozy relationship with the government, so all of this is just a way to force Google and FB to pay him more money.
There is no Fairfax since 2018, and even then Gina Reinhart owned 20% then. Now, it's channel 9, and having Peter Costello at the helm. So... Yeah, we don't really have a balanced or neutral media landscape. The ABC, The Guardian and a small selection of boutique papers and websites are alone in putting journalism before explicit political narratives now. And well, even the first two in that list heavily rely on clickbait and lazy opinion pieces to pad of the content.
Fairfax still produces daily newspapers with a large readership in Australia's 2 largest cities. To say they don't exist just because their ownership changed is a misnomer.
So although they're "Australian owned", they're very far from good "neutral" sources of information.
(Source: am Australian)
EDIT: For those wondering, it's like virtually all of Australia's media being run by Rush Limbaugh. And he has a cozy relationship with the government, so all of this is just a way to force Google and FB to pay him more money.