Agents Under Pressure as Listings Pile Up in Downturn

Real estate agents are under pressure as property listings surge and homes stay on the market longer. House prices are falling in Sydney and Melbourne, with a nationwide correction of up to 10% expected. Some agents face redundancies or are leaving the in

ASX 200 Falls 61 Points on Miners, Banks Drag

The ASX 200 dropped 61 points as iron ore prices slumped and Asian tech stocks plunged, weighing on miners and banks. Healthcare shares rallied over 3%, with CSL jumping 5.75%.

Negative Gearing Shift Fuels Housing Crisis

A new report reveals that changes in negative gearing by investors have significantly contributed to Australia's housing crisis, worsening affordability for first-home buyers.

White Collar Crime Overlooked by Public Service

Public service guardians have shown little interest in white collar crime, especially when it involves former colleagues. Treasury resisted a royal commission into banks, claiming no systemic issues existed.

Asda Chair Allan Leighton Optimistic on Turnaround

Allan Leighton, Asda's chair, remains confident the supermarket will fend off Aldi's challenge. Despite falling sales, he highlights investments, IT stability, and a focus on clothing and general merchandise as key to revival.

Insolvencies up 200% under Albanese: ASIC data

New ASIC data reveals insolvencies have soared 200% since Labor came to power, with construction and hospitality hardest hit. Shadow minister Jacinta Nampijinpa Price blames economic mismanagement.

Snowy Hydro 2.0 Likely to Miss 2028 Deadline

Snowy Hydro CEO Dennis Barnes concedes the 2028 completion deadline for the overbudget Snowy Hydro 2.0 is unlikely, as costs soar to $42 billion. Critics blame contractor issues and government contract changes.

China to Slap 55% Tariff on Australian Beef

China will impose a 55% tariff on Australian beef within days as exports surpass the annual quota, aiming to protect local farmers. The move follows rising popularity of Australian beef in China.

Northern Oyster Card Could Save £276 a Year

A proposed travel card for northern England, modelled on London's Oyster system, could save commuters up to £276 annually and generate £2.7bn for the economy over five years.

Hodge Slams Lack of Transparency Over Andrew's Income

Dame Margaret Hodge expressed shock that the National Audit Office failed to establish Andrew Mountbatten-Windsor's income from subletting crown estate properties, raising concerns over taxpayer subsidies for non-working royals.

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