AUSTRALIA- Page 45

Negative gearing reforms back on agenda as budget pressures mount

Negative gearing has once again returned to the centre of Australia’s housing and tax debate, with the federal government actively considering changes ahead of the May budget. The discussion reflects growing pressure to address housing affordability, intergenerational inequality and long-term fiscal sustainability.…

1 May, 2026

AUSTRALIA

Easter trading hours 2024: What major stores will be opened on Good Friday and Easter Saturday, Sunday and Monday?

Easter is upon us again and that means a whole heap of confusion with stores across the country either open, shut or operating at different hours. To make things easier for you around the busy holiday period, we’ve done the leg work…

22 March, 2024

AUSTRALIA·VICTORIA

Measles outbreak in Melbourne’s south-east: Residents advised to be on alert

A case of measles in Melbourne’s south-east has prompted local health authorities to alert residents. The patient, a returning traveler to the area, had visited 18 locations in the area between 14 and 19 March while contagious. Measles is known to be…

22 March, 2024

AUSTRALIA·VICTORIA

Hundreds of cannabis plants seized in Melbourne’s north

A major cannabis plant seizure has taken place in Melbourne’s northern suburbs as police raided a factory that was operating a sophisticated cannabis cultivation facility. Specifically, police discovered and seized more than 500 cannabis plants after executing a search warrant at a…

21 March, 2024

AUSTRALIA

Australia’s unemployment rate falls sharply as economy adds 116,000 jobs

Australia’s unemployment rate has fallen sharply as the economy created 116,000 new jobs in February, according to the Australian Bureau of Statistics (ABS). This led to a sharp fall in the unemployment rate from 4.1% to 3.7%. ABS Chief Statistician Bjorn Jarvis…

21 March, 2024

AUSTRALIA

Economic crisis in Australia: Millions of Australians have less than $1000 in savings

A recent Finder survey has highlighted a worrying problem in Australian society: almost half of Australians have less than $1000 in savings. This equates to 9.4 million people, with the average amount available to save per person being just $210. In addition,…

21 March, 2024

AUSTRALIA·VICTORIA

Rescue in Melbourne: students rescued from burning boat

Dozens of students were rescued from a burning boat in Melbourne’s Port Phillip Bay this morning. The serious situation forced the boat’s crew to call for help and spring into action to save the occupants. According to reports, the boat carrying the…

21 March, 2024

AUSTRALIA

Record number of migrants in January

The influx of migrants to Australia hit a record number in January, despite the Albanese government’s plan to slow the wave of new arrivals, leading to what legendary businessman Dick Smith called a “disaster for families”. Figures released last Thursday by the…

20 March, 2024

AUSTRALIA

RBA keeps cash rate at 4.35%

The cash rate will remain at 4.35% following the Reserve Bank of Australia’s (RBA) March monetary policy meeting. The decision was largely expected, as the latest Australian Bureau of Statistics data showed annual trimmed mean inflation fell to 3.8% in January, down…

19 March, 2024

AUSTRALIA·VICTORIA

$216 Billion: The cost of Victoria’s Suburban Rail Loop

The cost of building and operating the Allan Government’s new underground rail loop through Melbourne’s city centre, which will take five decades to build, has soared to $216 billion, according to an independent study. Estimates by the Parliamentary Budget Office (PBO) show…

18 March, 2024

AUSTRALIA

Using Super for home deposits would inflate property prices by $75,000, study claims

A recent study suggests that a Coalition proposal allowing first-time homeowners to use their super for a house deposit could lead to a significant surge in prices, potentially raising property values by nearly $75,000 across Australia’s five major cities. According to modelling…

12 March, 2024

AUSTRALIA

Australian PM is the first Western leader referred to ICC as ‘Accessory to Genocide in Gaza’

More than 100 lawyers endorsed the referral, which points to the military, intelligence, and rhetorical support Prime Minister Anthony Albanese has provided to the Israeli government. Australian Prime Minister Anthony Albanese, along with several Western leaders, has been providing political and material…

6 March, 2024

AUSTRALIA

The Help to Buy scheme will help but it won’t solve the housing crisis

Brendan Coates – via The Conversation The federal government’s Help to Buy scheme is before the parliament. Both the Coalition and the Greens are opposed to it. If the bill is passed, the government will provide an equity contribution of up to…

6 March, 2024

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