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Weather, bond turmoil to pressure economy, OECD warns

AN influential global economic body has warned governments to cut spending and reduce debt levels, as Treasurer Jim Chalmers says Australia faces billions of dollars in high borrowing costs due to rising bond yields. Bond yields have risen to the highest levels in 15 years across the developed world, amid mounting concerns about the sustainability of government debt levels and increased borrowing by artificial intelligence firms, the Paris-based OECD said in a report on Wednesday. The result was higher borrowing costs throughout the economy, exacerbating pressures on public finances.

Kochie on government spending: Name, shame and share the pain

Councils fear data centres ‘coming at us’ on prime land

Broad support for buying homes with super, poll shows

Little incentive to have kids and no way to move out

A glimpse of what Australia will look like in 2066

HIA: Tassie cash splash adds to home build cost

Auction clearance rate declines nationally

A RISE in the number of houses up for auction failed to override a drop in the preliminary auction clearance rate last week. The clearance rate across the combined capital cities decreas

Home buyers deserve ‘a fair go’ with stamp duty

UNCERTAINTY over stamp duty calculations in NSW could have “an adverse effect” on the housing decisions of homebuyers. The Australian Institute of Conveyancers NSW believes t

THE average Aussie will live to their mid-to-late 80s within a few generations, but the nation will have to get its health policies right to make the most of the added years. Treasury

REAL estate professionals in Western Australia “represent the very best in our industry and set the standard for others to aspire”. This is the view of president Suzanne Brow