Guardian AU
Tax breaks for investors are likely to be scaled back in Albanese’s May budget. But will it make housing cheaper?
Australia's Labor government is set to wind back capital gains tax concessions in its May budget, a policy targeting the stark reality that the top 10% of earners capture 90% of CGT benefits. The move is framed as an intergenerational fairness measure, as younger Australians increasingly find homeownership out of reach. Whether trimming investor tax advantages will meaningfully cool property prices, however, remains a fiercely debated question among economists.
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The ugly politics of chasing One Nation – Full Story newsroom edition
Angus Taylor's response to Anzac Day booing has raised questions about the Opposition Leader's political instincts and judgment. While condemning the behaviour outright, he simultaneously validated the sentiment behind it by calling welcome to country ceremonies "overused" — then compounded the controversy by suggesting migrants from "bad countries" pose a heightened security risk. The comments signal a deliberate play for One Nation voters, but risk undermining Taylor's credibility as a prime minister-in-waiting.
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Police raid apartment owned by Annastacia Palaszczuk's partner
Former Queensland Premier Annastacia Palaszczuk is facing renewed scrutiny after police raided a Gold Coast apartment owned by her partner. Details of what investigators were seeking remain limited, but the operation signals a serious law enforcement interest in the property. The development puts the former premier back in the headlines at an uncomfortable moment.
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Australia news live: Malarndirri McCarthy calls for calm amid ‘deep grief’ and anger in Alice Springs; Coalition backs gun reforms after Bondi report
A Sydney man allegedly drove off from a South Sydney service station without paying for 915 litres of diesel — nearly $2,900 worth of fuel loaded into drums and jerry cans in the back of a ute. The brazen theft highlights growing fuel security concerns at service stations as diesel prices remain elevated. Police are investigating the April 11 incident.
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Demand for guns has surged in the wake of the Bondi shooting – what will it take to make Australia safer? | Tom McIlroy
Gun licence applications have surged across Australia following the antisemitic Bondi Beach attack, creating a paradox at the heart of the government's firearms policy. Prime Minister Anthony Albanese's proposed national buyback scheme — billed as the most significant gun reduction effort in decades — is facing pushback from state and territory premiers who are refusing to back the plan. The standoff raises urgent questions about whether Australia's post-Port Arthur consensus on gun control is beginning to fracture.
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