Politics

Average house prices now cost nine times average incomes, versus five times 20 years ago, and young Australians are now looking for alternative ways to build wealth.

WA will receive $9.3 billion in GST payments in the coming year and lift above 75 cents for the first time since 2018, as the body that splits the money warns falling royalties are starting to hit .

The cost to the Budget of providing negative gearing and capital gains tax concessions to property is set to double in the coming decade without changes, new Parliamentary Budget Office figures show.

The widening war in Iran has delivered a stunning punch to a worldwide economy that has already been walloped.

Australia has now ordered all non-essential officials and their families from both Israel and the United Arab Emirates to leave the Middle East as the US-Israel-Iran war escalates. 

A senior Iranian diplomat quietly walked away from the regime while stationed in Canberra — a dramatic move only now coming to light.

Energy Minister Chris Bowen has announced millions of litres of diesel and petrol will be released from Australia’s onshore fuel stockpile to deal with concerns from the Middle East crisis.

Across Beirut, the Lebanese capital, the signs and sounds of the war are everywhere.

A senior minister has failed to answer a crucial question about Australia’s fuel stocks as the war in Iran strains global oil supplies.

Grieving families of those killed in the Bondi terror attack are dismayed by a respected official's sudden exit from the royal commission into anti-Semitism.

Donald Trump has questioned whether Iran’s national football team should attend the World Cup in the United States, citing concerns for the players’ safety.

Iran’s new Supreme Leader Mojtaba Khamenei has vowed the Strait of Hormuz will remain closed as Tehran fights the United States and Israel

The president goes out of his way to make allowances for strongman leaders whom he has praised as smart and savvy. But he takes a far more aggressive approach with leaders he sees as weak.

The Energy Minister has lowered fuel quality standards in a bid to get an extra 100 million litres a month more petrol into the Australia market amid fears shortages could cripple transport and food supplies.