The government has gone all-in on its strategy to solve the crippling housing crisis, upping its bet on a long-term fix over short-term relief. Tuesday’s budget includes $6.2 billion of additional spending for new measures to boost housing supply via social housing investment, infrastructure improvement, and student accommodation. It addsContinue Reading
Next week’s budget will wipe around $3 billion from student HECS debt. This will make a real difference for around 3 million Australians. A student with an average HECS debt of about $26,000, will have their HECS debt cut by about $1200. Someone with a HECS debt of $40,000 willContinue Reading
Some 400 union workers will strike for 24 hours on Friday at electricity giant Transgrid after the company allegedly rejected a “compromise” offer from the Electrical Trades Union last week. The long running pay dispute between the union and Transgrid, which operates transmission lines, high voltage underground cables, substations, switchingContinue Reading
Dick Smith has claimed that the “prime reason” for Australia’s high house prices is its “huge population increase” as he reiterated calls to slash immigration to just 75,000 people per year. In a debate on Sky News Australia on Sunday, the entrepreneur and businessman clashed with Emilie Dye, policy analystContinue Reading
The “perfect storm” that wreaked havoc on Australia’s construction industry is showing signs of easing, but the sector’s top body still predicts a tough road ahead. There was a 5.2 per cent drop in the construction of new homes over the September quarter — down 21.2 per cent since SeptemberContinue Reading
The NSW Labor Opposition Leader has lashed the state government over an eight-year delay in a key major project which was first announced back in 2014. Introduced by Mike Baird’s Liberal government in 2014, the western Sydney transport link has undergone 15 reannouncements and still remains in the developmental stage.Continue Reading