Australian regulators should be drafting contingency plans for a severe collapse in house prices with a “hard landing” looming as a key risk, the OECD is warning. Key points: Housing is a vulnerability because of elevated prices and high household debt OECD says a housing crash and surge in defaults is unlikely but would pose…
A female Liberal MP who has retained her marginal seat by just 15 votes in the Victorian election is urging her party to embrace a “constitutional requirement” to deliver more women into parliament. Key points: Louise Staley’s narrow victory in Ripon has made it the most marginal seat in the state She says a mechanism…
Price pullbacks in the Sydney and Melbourne property markets have created an opportunity for first-home buyers, particularly those with deposits ready. Values in most capitals are expected to remain relatively flat throughout 2019, with some cities anticipated to post moderate gains that gives prospective purchasers something they haven’t had in years – breathing room to…
A new, tree-lined public park1 on Market Street connected to the development’s publicly accessible and occupiable space via a large amphitheatre are key elements in the blueprint to transform an entire city block into a highly charged urban precinct activated to its core day and night. Construction of the interconnected 164-metre dual towers – whose footprint will…
The Victorian Planning Authority has been busy in many corners of the city and state but today we’ll have a look at one precinct renewal project that is tucked away in Melbourne’s outer south-east, the Berwick Health and Education precinct. On land that used to host the Casey airfield, the planning work the Victorian Planning…
The New South Wales Treasurer has likened some Australian states to call centres and lunch rooms and described the past 200 years in other states as “pretty unremarkable”. In an attempt to restore pride in the state, Dominic Perrottet will today tell the Business Council of Australia that NSW was born to be the “premier…
Former prime minister Tony Abbott has not ruled out a crack at getting back onto the frontbench and a push for party leader if he retains his seat of Warringah at the federal election next year. “I don’t rule any of those things out,” Mr Abbott told The Australian newspaper. “I’m 61, which is not…
If Home Affairs Minister Peter Dutton is referred to the High Court, Prime Minister Scott Morrison warns other MPs will follow him. Questions still remain over whether Mr Dutton is eligible to sit in parliament given his financial interests in childcare centres, which get federal funding to pass through to parents. Former Liberal MP…
After a hard-fought election campaign, Victorians have voted for another four years of a Labor Government under Premier Daniel Andrews.Labor has promised to borrow big to pay for a swag of pledges that it promises will shape Victoria for future generations.So if the Premier does what he says he’ll do, what are you going to…
Victorian MPs will hold a crisis meeting with the Prime Minister and Treasurer in Canberra on Monday as senior Liberals warn the government faces a ‘hammering’ in the state at the next election. The state Liberals’ disastrous loss in the Victorian election on Saturday has put the government on shaky ground, with The Australian reporting…