Australia

Prime Minister Anthony Albanese palms off question about interest rate rises to Treasurer Jim Chalmers

Prime Minister Anthony Albanese has palmed off an economic question directed at him to Treasurer Jim Chalmers. Opposition treasury spokesperson Angus Taylor posed the question to Mr Albanese about the number of interest rate rises that have occurred since the May Federal Election. “Before the election the Prime Minister promised Australians cheaper mortgages,” Mr Taylor said during Question Time on ...

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Wollondilly mayor Matt Gould slams plan to fast-track Appin housing

A mayor has come out swinging against the NSW government after it announced it would fast-track supply to build thousands of new homes in southwest Sydney. Three large housing proposals – with 19,000 homes between them – will be lodged shortly as part of the government’s $2.8bn investment to tackle a shortage of homes exacerbated by slow council approvals and ...

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New intersection upgrade proposed for Picton Rd, Hume Highway

Traffic lights and a new interchange system are part of a plan to address traffic congestion at one of the region’s busiest intersections. An estimated 22,000 drivers travel daily through the Picton Road and M31 Hume Motorway intersection which is set to be upgraded. A diverging diamond interchange has been proposed for the location and the Transport for NSW has ...

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Migrant worker influx to swamp housing market

An incoming wave of post-pandemic migration is threatening to swamp the local housing market, with only seven out of 33 Sydney councils meeting targets for new homes set by the Greater Cities Commission. While last Tuesday’s federal budget predicted a net 235,000 new migrants this financial year landing on our shores, bringing with them an estimated $448m boost to the ...

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Businesses warn of economic meltdown over Albanese 2030 emission pledge

Major emitters have cast serious doubt on a key element of the Albanese government’s strategy to slash carbon pollution, warning the plan is open to exploitation and will force operations to shut. Mining and manufacturing companies covered by the “safeguard mechanism” – which is a limit on greenhouse gas output that Labor wants to dramatically tighten – also say they ...

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