The NSW and Victorian governments are pushing hard to liberalise planning and encourage the rapid construction of high-rise towers within inner and middle-ring suburbs. Last year, the NSW Productivity and Equality Commission recommended bigger towers, smaller apartments, less storage and natural light, smaller balconies, and fewer parking places as solutions to the state’s housing crisis.
Monday 4:38pm – As everyone had called, the Liberal Party has lost their third seat in South Australia’s to Labor’s Charlotte Walker. That is a 4-2 split. It’s worth remembering that traditionally these 4-2 splits are rare. Prior to 2025, Labor had gained two 4-2 splits (with the Democrats the fourth “left” senator) in NSW in 1990 and 1998, two in Tasmania in 2007 and 2010, and one in Western Australia in 2022.
Risk markets in Asia were mixed to start with on the Trump regime EU tariff bomb from the weekend gap but then the inevitable 180 spin got stocks at least somewhat back on track while currency markets continue to selloff the USD, believing the facts behind the demented spin. The Australian dollar is now at
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Mega City One, otherwise know as Hellbourne, is Australia number one example of what a bad economy model does to living standards. Since when did Aussie cities deal with this? The Victorian Labor government will introduce an interim ban on machete sales across the state following a violent brawl involving 10 people at Melbourne’s Northland
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Australia’s superannuation system is too costly and inequitable. The Australian Treasury estimated total superannuation tax expenditures at around $60 billion in 2024–25, with contribution concessions being the most expensive at $37 billion, growing to $36,750 billion by 2027–28. Most of these concessions go to high-income earners, as illustrated below. In 2021-22, 91% of the benefit
Property market softened in April: The latest batch of property market data show some weakening in both price and activity. The official NBS 70-city average new home prices declined by about 2% mom annualized in April, with prices in lower-tier cities falling more. The Centaline existing home price indices for top-tier cities posted renewed declines
At the end of 2024, Australia’s mortgage affordability was the worst on record, with households required to sacrifice a record share of their incomes to repay the median-sized new mortgage. There was also a record gap between the median home price and borrowers’ capacity to pay, assuming traditional affordability metrics. So far this year, the