Despite tens of billions of dollars being spent to address Australia’s crippling housing crisis, a top economist has delivered a stark assessment of how long it will take to turn the tide. And it’s not good news for those battling skyrocketing rents and runaway home prices. On top of that,Continue Reading
Inflation could return to the Reserve Bank’s target band by the end of 2024, Tuesday’s federal budget will show, a full year ahead of the Reserve Bank’s own forecasts which predict a resurgence in price pressures. In positive news for cash strapped households, Treasurer Jim Chalmers third budget will predictContinue Reading
It’s the jarring photo said to prove that Australia will struggle in its goal to ditch petrol cars. But supporters of electric vehicles, a dozen of which are seen queuing for a spot at a charging station in the image in question, say it’s unfair to judge the convenience ofContinue Reading
A leading economist has proposed a bold plan to finally solve Australia’s housing woes – and a country nearby has done something similar with great success. Cameron Murray, chief economist at Fresh Economic Thinking and author of the new book The Great Housing Hijack, said the model doesn’t need toContinue Reading
Tens of thousands of fines for breaking Covid rules could be scrapped after a bombshell ruling, legal experts claim. The judgment, handed down in the NSW Supreme Court on January 31, came after NSW woman Angelika Kosciolek was slapped with a $3,000 fine for leaving Greater Sydney without a permitContinue Reading
A “business as usual” approach to Indigenous affairs is overwhelmingly failing Aboriginal and Torres Strait Islander peoples, a damning new report has found. The final report of the Productivity Commission’s first three-yearly review of government action on the Closing the Gap Agreement found governments had “failed to fully grasp” theContinue Reading
Fallout from the federal government’s shock announcement to radically alter how it funds the nation’s infrastructure is sweeping through state-level politics, with one parliament descending into a shouting match over how money should be spent. South Australian Opposition Leader David Speirs led a barrage of questions to Premier Peter MalinauskasContinue Reading
A range of trendy kitchen benchtops will be pulled from Bunnings shelves in the wake of a damning report about the products links to a fatal disease. The hardware chain will stop selling engineered stone by December 31 following a Safe Work Australia report which recommended the outright ban onContinue Reading
The nation’s peak body tackling homelessness has released an ambitious list of ways they claim would halve homelessness in five years, and fix the problem within a decade. Homelessness Australia wants to see 50,000 social and affordable homes built per year, an increase to Commonwealth Rent Assistance, and government servicesContinue Reading
Questions have arisen over the timing of outgoing Qantas CEO Alan Joyce’s decision to sell almost $17 million worth of shares, which happened before a string of controversies marred the airline and caused its share prices to plummet. Mr Joyce sold most of his 2.5 million Qantas shares – whichContinue Reading