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13.05.26 - 07:42
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Trump Tower on Gold Coast scrapped because brand ′toxic to Australians′ (The Guardian)
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The Surfers Paradise development has been abandoned with Altus Property Group and the Trump Organization blaming each other The little-known property developer and the US president's son were all smiles when they shook hands on Valentine's Day within the gilded walls of Mar-a-Lago on a deal they claimed would bring a Trump Tower to Australia's Gold Coast.But that dalliance has been dashed in less than three months, with the developer now claiming the Trump brand is now too “toxic” to work with – and the Trump Organization responding that their local partner had provided only “empty promise, after empty promise”. Continue reading......
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12.05.26 - 05:30
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Australia Targets Housing Inequality in New Budget (Bloomberg)
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Australia is set to crack down on tax concessions for property investors, as it looks to ease generational inequality and rein in the budget deficit. Treasurer Jim Chalmers is due to unveil the federal budget Tuesday, anchored by a flagship housing package. Bloomberg's Paul Allen reports on Australia's property obsession and speaks to ANU's Jill Sheppard about what's at stake. (Source: Bloomberg)...
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12.05.26 - 03:18
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Housing Takes Center Stage in Australia′s Federal Budget (Bloomberg)
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Australian Treasurer, Jim Chalmers, is set to unveil the federal budget later Tuesday. And it's expected to make the housing sector its centerpiece, in a bid to ease inequality. But questions remain whether it will change Australia's property obsession. Paul Allen reports. (Source: Bloomberg)...
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10.05.26 - 02:01
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Chalmers on ′Unacceptable′ Australian Housing Status Quo (Bloomberg)
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Australian Treasurer Jim Chalmers will hand down the 2026-27 Federal Budget on May 12. It's framed as one the country's most consequential Budgets against a backdrop of inflation-fuelling global energy shocks, climbing cost-of-living, slowing productivity and a national debt edging toward A$1 trillion. Chalmers speaks with Bloomberg's James Mayger in Canberra. (Source: Bloomberg)...
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05.05.26 - 08:12
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RBA interest rates: Reserve Bank hikes official cash rate to 4.35% in blow to mortgage holders (The Guardian)
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Reserve Bank of Australia raises rates for third consecutive meeting, lifting them to early-2025 levelsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastUse our loan calculator to see how rate hikes could affect you The Reserve Bank has delivered a third straight interest rate hike to contain growing inflationary pressures linked to higher fuel prices, even as it warned the Iranian war would deliver a major blow to the economy.The widely expected decision to lift the cash rate to 4.35% from 4.1% comes as the central bank revealed a gloomy new set of forecasts that showed intensifying cost-of-living pressures alongside weaker growth. Continue reading......
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29.03.26 - 14:12
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How Singapore and Australia Took Opposite Paths on Housing (Bloomberg)
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As homeownership drifts further out of reach, governments are looking for new ways to help first-time buyers come up with the money. In Australia, economist Saul Eslake argues that letting buyers tap retirement savings or reduce down payments only puts more upward pressure on prices. In Singapore, economist Sumit Agarwal points to a very different system: mandatory savings there can be used for housing, but steep taxes discourage buying second and third homes. Through the experiences of first-time buyers Jordan Davies in Melbourne and Jeff Chie in Singapore, the story explores whether easier access to capital really helps people buy homes or simply makes housing even more expensive. (Source: Bloomberg)...
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17.03.26 - 07:54
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RBA interest rates: Reserve Bank raises official cash rate to 4.1% in blow to mortgage holders (The Guardian)
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Reserve Bank of Australia's second consecutive increase lifts cash rate target to where it was in February last yearFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has increased interest rates amid a global energy shock that threatens to push Australian inflation towards 5% in a split decision, leaving the door open to further hikes.The hike takes the RBA's cash rate target from 3.85% to 4.1%, back to where it was in February 2025, wiping out the relief offered by two cuts last year. Continue reading......
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