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News
To fix the housing crisis, do we need to think more like car manufacturers?
1+ hour, 17+ min ago (735+ words) If buying a house was like buying a car, would you opt for the flashy luxury SUV, or the fuel-efficient hatchback? Economists say diversifying housing options, like the car market, might be one step towards fixing the housing crisis. University…...
'Catastrophic for the Tasmanian economy': Bower's dire warning for state
1+ day, 14+ hour ago (705+ words) A spokesperson for businesses around Tasmania's north has issued a dire warning on what would happen if a second smelter shut down. Bell Bay Advanced Manufacturing Zone (BBAMZ) chief executive Susie Bower has warned that if the Tasmanian government is…...
Unemployment drop leaves door open to more rate hikes
1+ mon, 1+ week ago (517+ words) A stronger-than-expected rise in employment and a fall in Australia's jobless rate has bolstered the case for more interest rate hikes. An extra 40,300 jobs were added to the economy in May, driving down the unemployment rate to 4.4 per cent, the…...
Relief likely as Reserve Bank tipped to hold cash rate
1+ mon, 3+ week ago (517+ words) Mortgage holders could get a brief reprieve from further interest rate hikes, but economic uncertainty in the Middle East will still loom for the Reserve Bank. Economists are tipping the central bank to keep the official cash rate on hold…...
'They don't want to work': Lazy youth blamed for insurance rebate cuts
2+ mon, 6+ day ago (733+ words) Tasmania's seniors are unhappy with proposed changes to private health insurance, with one saying it's the government's way of protecting young people who don't want to work. Gordon Fogarty and his wife are both over 65 and would be impacted by…...
Your guide to the budget: find out where the axe falls and who gets relief
2+ mon, 2+ week ago (994+ words) More than $930.7 million will be cut from health and education over the next four years through forced operational efficiencies directed by the government, which includes $156.4 million in 2026-27. Overall, $1.49 billion will be cut from the budget up until 2029-30. The state budget,…...
'Downside risks': warning as state debt edges to $200b
3+ mon, 1+ day ago (540+ words) Tackling cost of living over driving down state debt has baffled the business sector and raised the eyebrows of a credit ratings agency. Handing down her second budget on Tuesday before the November state election, Victorian Treasurer Jaclyn Symes narrowly…...
Fuel prices on edge as ceasefire shows 'fragility"
3+ mon, 3+ week ago (488+ words) Drivers may have to wait months for fuel prices to come down as a ceasefire aimed at reopening the Strait of Hormuz is pushed to the brink. In exchange for American attacks being put on hold for two weeks, Iran…...
Staff redundancies drive volatility in council's mid-year budget figures
5+ mon, 3+ week ago (271+ words) The Launceston council has once again recorded a significant variation between budget projections and actual expenses, including a near-$500k overspend on employee payouts. As of December 31, 2025, the City of Launceston council was running a $1.2 million surplus where projections had the…...
Trump says China's Xi using soy as negotiation tactic
10+ mon, 5+ day ago (451+ words) US President Donald Trump says soybeans would be a major topic of discussion when he meets with Chinese President Xi Jinping in four weeks. "The Soybean Farmers of our Country are being hurt because China is, for 'negotiating' reasons only,…...