u/patslogcabindigest

"I mean not really, like all you needed to do as a young person was just get an understanding of how the financial system works and ensure you get steady and secure returns in your investment portfolio, and then use those returns to put down a deposit on a house 20 times your after tax wage."

"On top of obviously earning a really nice wage, have a disposable income and coming from family wealth."

"But Jim's taken that away."

"Young people are so fucked now," she said, as if young people weren't completely fucked before.

The numbers are in, and experts say what happened on the weekend is only the beginning.

Sydney’s auction market has crashed to a six-year low as rising interest rates and sweeping tax changes in the federal budget turn would-be investors away from property.

Prices now falling, the “fear of missing out” had been replaced with a “fear of overpaying,” meaning buyers were “happy to be patient and seek out better deals”.

The volume of homes for sale in Sydney was also quite elevated, providing buyers with lots of choice and tilting the balance in their favour.

“Sydney is now a buyer’s market."

Primary: 🟥ALP 31, 🟧ONPP 27, 🟦L/NP 20, 🟩GRN 12, ⬛Others 10.

TPP: 🟥ALP 54, 🟦L/NP 46; 🟥ALP 53, 🟧ONPP 47.

PPM: 🟥Albanese 46, 🟦Taylor 38.

Property experts warn house prices will fall across Sydney and Melbourne as the government’s housing tax overhaul drives investors away from the market.

The Albanese government’s dramatic tax overhaul has hit the residential property market, with low auction clearance rates foreshadowing a fall in prices as investors steer clear.

Under a policy introduced by the Kennett government, Victorian premiers who serve more than 3,000 days in office are recognised with a statue along Treasury Place in honour of their service to the state.

federal court found majority of the pricing tickets submitted to the court were not offering genuine discounts and would have misled an ordinary consumer.

It found the supermarket giant did not sell the products at the higher price for long enough before putting them on the 'Down Down' promotion.

The judge will also rule on a similar case against Woolworths at a later date.

Former Lambie network senator Tammy Tyyrell has defected to the Labor party, giving the Albanese government the largest share of senate seats for Labor since 2010.

This is the second senator to defect to the government this term after Greens senator Dorinda Cox defected shortly after the 2025 federal election.

Treasurer Jim Chalmers says tonight's budget will be the government's most ambitious and will feature "more than the usual amount of savings and more than the usual amount of reform". 

Patricia Karvelas goes into detail how the One Nation win in Farrer is off the back of a 30 point collapse in the vote share for the Liberal party.

How this is existential for the Liberal party's existence and the stark contrast to rural and metro seats.