Politics

Young Australian's are turning to the share market to create wealth.

Locked out: Young Aussies swap property dreams for shares

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.

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The nation's most populous state will get a smaller slice of the pie in a contentious GST carve-up. (Flavio Brancaleone/AAP PHOTOS)

WA’s GST share lifts above floor for first time since 2018

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 .

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The cost to the Budget of providing negative gearing and capital gains tax concessions to property investors is set to double.

Negative gearing, CGT discount costs set to double in decade

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.

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Fishermen buy fuel at a riverside gas station a day before a major fuel price surge  in Hagonoy, Bulacan province, Philippines.

‘This really is the big one,’ warns energy guru

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

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Australia orders diplomatic and expat exit from Middle East

Australia orders diplomatic and expat exit from Middle East

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. 

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A senior Iranian diplomat secretly defected in Australia.

Secret defection by senior Iran diplomat revealed

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

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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.

Bowen assures Aussie motorists petrol won’t run out

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.

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Damaged vehicles after Israeli missile strikes on the Corniche, the waterfront promenade in Beirut, Lebanon on March 12.

‘World exploded’: Strikes haunt displaced Lebanese families

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

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Fuel prices are soaring.

‘Will Australians run out of fuel?’: Question Labor can’t answer

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

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Jenny Rotyur, niece of Bondi victim Boris Tetleroyd, says families fear the inquiry will be a farce. (Flavio Brancaleone/AAP PHOTOS)

Families shocked as ex-spy chief quits Bondi inquiry

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.

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Donald Trump, here attending the World Cup draw, says it's not appropriate for Iran to compete.

‘Not appropriate’: Trump warns Iran over World Cup safety

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.

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Supreme Leader Mojtaba Khamenei, seen in 2019, has made his first statement since his appointment.

Iran's new supreme leader vows to keep strait closed

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

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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.

How Trump picks his battles

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.

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

Bowen pumps out dirty fuel rescue to starve off shortages

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.

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