G'Day all,

Updated news from VALVe.

Steam Servers are currently in the process of being located to a different facility.

Approximately half of all accounts should now be functioning normally at this time. The remaining accounts will soon follow.

VALVe are working as quickly and as they can on this issue - there are obviously issues of resources/priority as basics such as essential services are taking priority in such a circumstance - as one would hope.

More news as it comes to hand.
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If you are experiencing issues please refer to Online Support: http://support.steampowered.com.
Please note, I do not work for VALVe.