π¦πΊ Australian Politics
May 10th, 2026
Today's top 5 stories, curated by Daily Direct.

Sydney Morning Herald
How One Nation washed away the Coalition in Farrer and revealed a bigger force
One Nation's surge in Farrer wasn't an accident β it was the result of years of simmering voter frustration that the major parties failed to take seriously. While Labor and the Coalition traded blows, Pauline Hanson quietly built a base among disaffected constituents who felt ignored. The result is a warning shot: One Nation is no longer a protest vote, it's a growing structural force in Australian politics.
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Sydney Morning Herald
National News Live: One Nation win in historic victory as Liberal Party lose regional NSW seat for first time in 77 years
One Nation has secured its first ever seat in the House of Representatives, marking a seismic shift in Australian federal politics. The win came at the expense of the Liberal Party, which lost a regional New South Wales seat for the first time in 77 years. The result signals deepening voter dissatisfaction with the traditional conservative coalition in regional areas.
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Sydney Morning Herald
The tax change coming for Birkin bags, fancy watches and crypto
The upcoming budget will introduce changes to capital gains tax, with implications stretching well beyond the usual suspects of property and share portfolios. High-value collectibles like Hermès Birkin bags, luxury watches, and cryptocurrency holdings will all fall under the new rules. For wealthy investors who have parked money in alternative assets, the changes could significantly alter the calculus on when and whether to sell.
Read article βGuardian AU
Property, a visa and a university job: the Australian links forged by a powerful Iranian politicianβs son in Melbourne
Mohammad Bagher Ghalibaf, one of Iran's most powerful politicians and a key figure in Tehran's nuclear negotiations with Washington, has maintained extensive financial and personal ties to Australia for over a decade. His son lived and worked in Melbourne, collected rental income from an Australian investment property, and held a university position β connections now drawing scrutiny from national security experts. The revelations raise sharp questions about sanctions enforcement and foreign influence at a moment when Ghalibaf sits at the center of high-stakes diplomacy with the West.
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Sydney Morning Herald
It took Pauline Hanson 30 years, and sheβs only just getting started
Pauline Hanson's three-decade political journey has culminated in a moment of genuine electoral relevance, with her One Nation party posting results that can no longer be dismissed as protest noise. The outcome has rattled the conservative establishment, raising hard questions about whether disaffected right-leaning voters are parking their votes temporarily or breaking away for good. The distinction matters enormously for the Liberal Party's path back to power.
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