A budget of “must-haves,” not “nice-to-haves” was how NSW Treasurer Daniel Mookhey handed down his second state budget of Tuesday. While the state is forecast to record deficits over the forward estimates to 2027-28, the budget centrepiece was a $5.1bn investment to create new public housing, with half of theContinue Reading
A new rental affordability report has found the housing crisis in Australia is “the worst it’s ever been”. Anglicare Australia is calling on the federal government to build more social housing as it released its annual Rental Affordability Snapshot on Tuesday. Of more than 45,000 rental listings across the country,Continue Reading
A depressing map revealing the least affordable housing markets in the world includes three Australian entries, with one city ranked second-worst globally. The illustration uses the latest data from Demographia examining 94 major housing markets across eight countries to compare affordability in some of the world’s biggest economies. It dividesContinue Reading
Maureen Pound has lived in her charming Victorian-era house in inner-city Melbourne for the better part of 14 years. It’s packed with heritage features, in a fantastic location and worth a pretty penny – the stuff of real estate dreams for hopeful househunters. But despite running her own successful companyContinue Reading
The NSW government will pay student police officers more than $1300 a week for their 16 weeks of study as the state attempts to curb its shortage of police officers. From March 2024, student police officers studying at the Goulburn Police Academy will earn a salary of about $30,984 overContinue Reading
Aussie households can save about $450 per year on their energy bills by switching from gas to electricity, a new study has found. Gas prices are climbing at almost double the rate of electricity, making the staple increasingly difficult to afford, according to Monash University. Low-income households, in particular, areContinue Reading
As Australia’s rental crisis goes from bad to worse, attention is increasingly turning to what’s driving the grim trend – and one group in particular tends to cop much of the blame. Many Aussies have been pointing the finger at migrants, with a looming influx of arrivals – 400,000 inContinue Reading
Australia is expected to receive a balanced federal budget for the first time in 15 years — but it isn’t likely to last long. After days of speculation, Jim Chalmers confirmed the budget he will hand down on Tuesday night is forecast to record a “small” surplus of $4bn forContinue Reading
Jim Chalmers’ second budget will commit $14.6 billion over four years to help Australians struggling with mounting cost-of-living pressures. As the government reveals more than $17 billion in budget savings will be “reprioritised”, the Treasurer says the package will help struggling households and businesses, while not adding further to inflationContinue Reading