Despite reports Treasury was looking at changes to negative gearing, Athony Albanese has hosed down suggestions Labor will take it to the election, amid warnings it could hike up rents.
Interest rates, labour shortages and investor confidence are contributing to weak building approvals, but there are signs of recovery in detached homes.
Asian connections have made Australia a prime target for dirty cash, the regulator warns as the government is chided for failing international standards on countering money laundering and terrorism financing. Drug trafficking and money laundering were being utilised by “large and highly functional” criminal organisations with one even running an…
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