NEWS UPDATE
NEWS UPDATE
Property owners in Australia’s most populous state could pay an annual levy of up to $600 under a proposal to change the way emergency services are funded. NSW is the only mainland state that funds emergency services by taxing property insurance customers, a levy that…
Changing car parking requirements could shave about $70,000 off the cost of building a typical two-bedroom apartment in Sydney. A report from the Grattan Institute revealed more than $1 billion is wasted on building off-street car parks that go unused. Despite rules requiring new housing…
Young homeowner Mika likes Jim Chalmers’ housing policies but the treasurer’s preferred choice of coffee is a problem. “Does anyone know how to make a long black?” she asks media and ministerial staff waiting in her small Canberra apartment while her husband Matt busies himself…
Climbing insurance premiums and other economic symptoms of climate change are expected to push rents higher and drive homelessness without well-targeted intervention. Under a high-emissions future, characterised by the ongoing dominance of fossil fuels, homelessness rates could quadruple within a decade. The University of Sydney…
The Federal Budget is more than a political announcement. For many Australians, it is an important reminder to stop, review and ask a simple question: are my financial, lifestyle and tax strategies still working in my favour? Budget changes can affect different people in very…
Electricity bills have become one of the biggest household expenses, and for many families, the usual advice of “turn off the lights” simply does not go far enough. While small habits matter, meaningful savings often come from understanding where energy is being used, reducing waste,…
Treasurer Jim Chalmers is defending an extra $18 billion in government spending next financial year despite warnings it will make the Reserve Bank’s fight against inflation harder. The federal budget on Tuesday revealed government spending will climb to $829.6 billion in 2026/27, billions more than…
House prices in the regions are growing faster than the capitals as Australians abandon big cities in search of affordability. In the three months to April, regional dwelling values increased by 3.3 per cent, outpacing the 1.1 per cent rise across Australia’s capital cities, according…
Australia’s growing throng of solar panels, batteries and electric cars will be managed by a new regulator in a multimillion-dollar budget commitment welcomed by investment and climate groups. The change will come in addition to support for biofuel production, faster environmental approvals, and a solar…
Anthony Albanese is playing “gutsy” politics with sweeping changes to tax concessions for landlords but risks offending established investors who may not have expected the overhaul, an expert in politics says. From July 2027, negative gearing will be scrapped for all homes except new builds,…
Seeking professional advice when looking to buy a property is an important step, especially if you’re new to the market or dealing with complex situations. Here are some key instances when you should consider consulting a property agent and what they can do for you….
Australian consumers are showing resilience in the face of rising interest rates, fuel prices and other costs, according to credit agency data. Despite the headwinds, strong momentum in consumer activity in the first quarter of 2026 had provided a buffer to the national economy, Equifax’s…
Australian power grids have proven far more resilient to the latest global energy crisis compared with the Russia-Ukraine war, bolstered by battery boom and subdued local gas prices. A ballooning battery fleet soaking up cheap, abundant solar to discharge in the evening peak have cut…
The Iran war could result in Australia building 33,000 fewer homes than planned, the government’s independent housing adviser has warned. Australia was making ground on its housing supply targets before the Middle East conflict broke out in late February, the National Housing Supply and Affordability…
Tax changes in the upcoming budget are designed to help young people own a home, the prime minister says, as a downturn in Australia’s largest property markets gathers steam. Asked about reported changes to negative gearing and the capital gains tax discount at an event…
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