Millions may get up to 5% wage rise from July 1

Almost three million Australian workers could receive a pay rise of up to five per cent from July 1 as the Fair Work Commission prepares to hand down its minimum wage decision amid high inflation.

Perth Property Prices Surge Despite National Slowdown

Perth's housing market continues to defy expectations with dwelling values rising 1.5% in May, reaching a median of $1.05 million, while other capital cities slow due to interest rates and cost-of-living pressures.

Auction Rates at Six-Year Low, House Prices Flatline

Auction clearance rates have fallen to their lowest level in six years, with national house price growth flatlining in May. Sydney and Melbourne saw price drops, sparking fears of a sharp market correction.

Billionaires gain $50k per minute in 2025

Oxfam analysis reveals Australia's 20 richest billionaires hold more wealth than three million households, with collective wealth growing $48,973 per minute in 2025.

Treasurer backs substantial minimum wage rise

Treasurer Jim Chalmers calls for a substantial minimum wage increase as the Fair Work Commission prepares to announce its decision, urging the Coalition not to oppose tax reforms.

Chalmers Defends Final Say on Tax Changes

Treasurer Jim Chalmers rejects claims he has too much power over CGT and negative gearing reforms, calling the backlash a 'beat-up' and insisting ministerial discretion is standard.

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