The surge in house prices during the pandemic is likely to be followed by a modest correction, if history is to be believed. The average housing market upswing has pushed prices markedly higher than any accompanying downturn, according to a new report. Downturns also tend to be...
The federal opposition has accused the Labor government of trying to funnel superannuation into “pet projects”, and called for the health of Australian nest eggs to remain the top priority. Treasurer Jim Chalmers wants super funds to double down on the clean energy transition and housing,...
Australia must train tens of thousands of new sparkies if it wants to be a renewable energy superpower, according to the Electrical Trades Union. The warning comes as Climate Change and Energy Minister Chris Bowen hosts a jobs summit in Canberra on Tuesday with industry, unions,...
Consumers have regained some of their confidence after sentiment plummeted following the August interest rate hike. Consumer confidence grew for the second week in a row despite weak wages growth and expectations of more interest rate hikes. Up by 1.7 per cent, confidence is now at its...
Women’s economic security and an overhaul to the social service system must be prioritised by the federal government as the wage gap continues to widen, advocates say. On average, women’s full-time weekly earnings are almost $250 less than men’s, data released by the Australian Bureau of...
Reforming Australia’s care economy will be placed at the forefront of the Albanese government’s push for equality between men and women. Minister for Women Katy Gallagher will travel to Bali on Wednesday, as will her foreign counterparts, for a conference leading up to the G20 summit...
Government and industry have been warned to invest in stronger cyber defences as part of a national push to fight crippling ransomware and other online attacks. Australia needs a whole-of-nation approach to the threat because the rate of digital adoption has gone to a whole new...
Boosting migration has been flagged as “part of the solution” to severe labour and skills shortages by Prime Minister Anthony Albanese. Mr Albanese also wants domestic workers trained for the “jobs of the future”. “The skills have changed, so we need to change that training to match...
Passenger traffic through Sydney Airport remains less than 75 per cent of the pre-pandemic level, with international travel lagging even further. Sydney Airport’s passenger data for July shows almost two million domestic passengers and 844,000 international passengers passed through the airport, down 15.5 per cent and...
Pooches produce happy tears in response to their favourite humans, adding a new dimension to an age-old story of love and companionship. A Japanese study is the first to show positive emotions can stimulate tears in animals other than humans, namely man’s best friend. Researchers carefully measured...