ASX falls as bank’s shares track worst day since 2008
Australia’s share market is falling for a fourth session, as investors mull a shake-up of investment taxes and a major sell off in Commonwealth Bank shares after disappointing interim profit.…
NZ to trim new spending and stick to surplus path
New Zealand will keep a tight rein on day-to-day spending in the budget, while increasing capital investment to strengthen infrastructure, defence and energy resilience. Prime Minister Christopher Luxon made his…
Pauline Hanson refuses to condemn Dezi Freeman defender
A One Nation volunteer who stood beside Pauline Hanson as the party celebrated winning its first lower house seat has shared social media posts supporting cop-killer Dezi Freeman and neo-Nazi…
Canberra embraces AI data crunch for medicines to tax
Artificial intelligence will be deployed across the federal government for everything from evaluating medicines to identifying tax fraud in a bid to boost the nation’s productivity. A long list of…
Investor tax hikes boost home ownership, hit supply
Tax hikes on property investors are projected to ease home price growth but hurt the government’s primary focus of boosting housing supply. Scrapping negative gearing and the 50 per cent…
Targets and tests firm up for migrants under budget
Skilled migrants already onshore are set to benefit from changes to how Australia processes arrivals from overseas, the federal budget reveals. Of the 185,000 places allocated for permanent migrants, more…
Scary alert! Like negative gearing? Buy shares!
Michael Pascoe thought no budget had had a bigger build up than this one. As it turns out … In summary, this Chalmers budget is wildly optimistic on housing investment,…
Australians move to regions seeking affordable housing
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…
Trump’s ‘Golden Dome’ would cost seven times promise
President Donald Trump’s plan to put weapons in space – pitched as a “Golden Dome for America” missile defence program – would cost about seven times as much as originally…
Chalmers puckers up for fight over investor tax stings
Labor is readying for a bruising fight with property investors and wealthier Australians as it begins making the case for major tax reforms, including a crackdown on property investments. Jim…