Key Events
Preliminary data show Australia's housing market surged immediately after Labor's key election victory, and analysts say the expected string of slowdowns could lead to the continued trend.
Auction clearance rates rose to 70% in the week after the election from 60% to mid-last month, according to preliminary Cotality data. An auction clearance of 70% or above usually indicates that the seller controls the market.
Read the full story of Luca Ittimani here:
Albanes' cabinet choice tells us what he next?
According to our chief political correspondent, the reshuffle of Anthony Albanys contains four important elements Tom McIlroy.
First, the six major portfolios remain unchanged, while the main changes rank second - Michelle Rowlandfor example, transfer from communication to the Attorney General.
There is new blood - e.g., an economist educated at Yale University Daniel Mulino Being appointed as assistant financial director – then there are bigger political changes, including Ask plibers Make room Murray Watt In the tricky role of the Minister of Environment. Tom believes that all this shows that this is still safe for Albanys.
Read his work here:
According to ABC's forecast, liberals are expected to resist strong challenges from the workforce to retain a Victorian Monash seat.
More than a week after the federal election, the ABC convened Monash of the Liberal Party last night.
As of 8 p.m. last night, 88.7% of the votes were made for liberal candidates. Mary Aldred, Leading the Labor Party Tully Fletcher With 8,397 votes.
The seat covers a portion of the Gippsland region of Victoria, Russell Broadbent For the Liberal Party since 2004, Broadbent resigned from the Liberal Party after losing the primaries in 2023, and he was independent by independent votes compared to Aldred's 32.1%, but only won 10.3% of the primary.
As economists and business leaders call for bold reform agendas to increase the country’s mark productivity, Chalmers also marks that the Albany administration must also navigate the reshaping of the global economic order of Trump’s trade protectionist trade policy, and due to long-standing litigation against international norms and institutions.
“Managing global uncertainty is a necessary prerequisite for us to strengthen our economy and make it more productive, competitive and dynamic driving over time,” he said.
After each election, each department prepares two "upcoming government summary" commonly known as the Red Book (for Labor government) and the Blue Book (for the Coalition government).
The IMF recently lowered its growth forecast for Australia's economy from 2.1% to 1.6% in 2025, with the impact of Trump's trade war.
Treasury forecasts have not yet created a cargo in such a huge growth - today, news that Trump supports him in the trade war with China adds another twist.
Since World War II, the beginning of the 148th Federal Parliament has been the beginning of "entering global dislocation" with the world. Jim Chalmers Warned.
Over the next three years, threats to the Australian economy at sea are imminent in a post-election briefing to Chalmers after the election, which he said warns that Donald Trump's trade war.
Chalmers meets with the Secretary of Finance Steven Kennedyearly Sunday morning after the election on Saturday, May 2, this brought unexpected huge victory to the incumbent Albanian government.
"We know this work is not done yet, and we know we will face more global economic volatility and unpredictability over the next three years," Chalmers said in a statement last night. "This is one of the reasons Australians emphasize so much stability in uncertain times."
A truck driver was shot dead in southwest Sydney overnight.
Police said in a statement that emergency services were called to Yennora at 11:20 p.m. yesterday after reports of the shooting.
Police were told a 29-year-old man was driving a truck on Donald Street when a car stopped in front of him.
A man allegedly pulled out of the vehicle, fired several shots at the truck, then returned to the vehicle and left the scene.
The truck driver was treated by ambulance workers in New South Wales and suffered gunshot wounds to his wrist and abdomen and was taken to Liverpool Hospital in a stable condition.
Police are investigating links to the subsequent two car fires: a black Lexus sedan in South Granville and a second car in Chester Hill.
Good morning, welcome to our live news blog. I am Martin Farrer With some top all-nighter stories, then Kate Kelly Controls will be adopted.
Today, everyone's eyes will be in the Liberal Room in Canberra Susan Law and Angus Taylor Fight for leadership. We will bring you the latest information about Canberra. Whoever wins, opposing opposition will be a difficult task Anthony Albanese Within three years, the crops in the MPs and the Election Mountains decreased.
Our latest poll shows a surge in leadership in support of Albanys – plus calls on him to continue reforms in housing, health and energy. Housing is not easy, however, and new figures show that Labour's election victory has boosted the real estate market. And more.
Treasurer, Jim ChalmersAustralians are warned to prepare for economic turmoil as Donald Trump's trade tariffs threaten high inflation rates that would harm the U.S. "soft landing". Although the U.S. president has offered hope to the market in the prospect of a “full reset” trade with China, Chalmers said Australia is entering a “a period of global dislocation that has not been seen since World War II.” There's more to this