ABC News (Australia)
Grocery prices set to surge due to shortages caused by war in Iran | ABC NEWS
- Title
- Grocery prices set to surge due to shortages caused by war in Iran | ABC NEWS
- Date posted
- 8 days ago
- Description
- Analysts have warned fresh food prices could rise by as much as 10% as war in the Middle East disrupts Australia's supply of fuel and fertiliser.
Farmers have called on supermarkets to raise prices to bolster confidence in the sector.
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Read more here: https://www.abc.net.au/news/2026-04-20/food-dairy-supermarket-price-rise-war/106581146
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- ASX slips as oil price eases, Apple CEO steps down after 15yrs | Finance Report | ABC NEWS
- Date posted
- 8 days ago
- Description
- Markets are holding their collective breaths ahead of the US-Iran ceasefire's expiry date. The oil price fell slightly on global markets, as did the local share market.
Meanwhile, Tim Cook is stepping down as CEO of tech giant Apple after 15 years of massive growth for the company.
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Read more here: https://www.abc.net.au/news/2026-04-21/asx-markets-business-news-live-updates-tuesday-21-april/106586672
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Government urged to act over claims copper mine destroyed cultural sites | ABC NEWS
- Date posted
- 8 days ago
- Description
- Native title holders on South Australia's Yorke Peninsula say the owner of a local copper mine has started development without a cultural heritage plan or Indigenous benefits agreement.
Lawyers for the group say an area of cultural significance has been completely destroyed.
Rex Minerals says it actively complied with all legal requirements under the Aboriginal Heritage Act and has "continuously engaged" with native title holders.
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Read more here: https://www.abc.net.au/news/2026-04-21/hillside-copper-mine-cultural-heritage-agreement/106167974
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Why China could emerge as a victor in the aftermath of the Midde East war | The Business | ABC NEWS
- Date posted
- 8 days ago
- Description
- As the global oil shock from the Middle East war reverberates through economies, China is proving its resilience. Westpac's head of international economics, Elliot Clarke says Beijing could be benefiting from this conflict. He says there are two main reasons, one is the nation's oil reserves, and the other is the growing global demand for China's green technology as the war in the Middle East pushes the drive to electrification. China's economy began the year in good health, with GDP growing annually at 5 per cent in the first quarter. Elliot Clarke says the data shows a long- awaited stabilisation in consumer demand and an end to the sharp decline in housing investment. China's property sector is a major driving force for demand for Australian commodities, including its biggest export iron ore. Elliot Clarke says the competition in that sector is heating up with various Asian countries stepping up to offer their exports to China.
#ABCBusiness
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- Title
- Five arrested over kidnapping of suspected Sydney crime family bodyguard | ABC NEWS
- Date posted
- 8 days ago
- Description
- Four men and one teenager have been arrested in connection with a violent kidnapping in Sydney's west.
Police say Emilio Chalhoub, who is believed to be the personal bodyguard for rapper and alleged Alameddine associate Ali Younes, was assaulted at gunpoint and forced into a car outside a home in Guildford.
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Read more here: https://www.abc.net.au/news/2026-04-21/nsw-five-arrested-after-guildford-abduction-western-sydney/106586848
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- The discounts at Woolworths that are being challenged in court | The Business | ABC NEWS
- Date posted
- 8 days ago
- Description
- First it was Coles, now it rival, Woolworths is being accused by the competition watchdog of misleading customers over discounts on hundreds of items. The ACCC claims Woolworths broke its internal policies by placing 266 products on the 'Prices Dropped' promotion. It said the price establishment guideline is the length of time a product should remain on a price before being reduced. The case is focusing on 12 items, including an Oreo Family Pack that was sold at $3.50 for 696 days until late November 2022. It then spiked to $5.00 for 22 days before Woolworths put it on a "Prices Dropped" price of $4.50 - 29 per cent higher than the previous price. The court heard regular prices were on white labels, yellow tags indicated temporary specials. The ACCC's lead barrister Michael Hodge argued there was something special about the red-and-white design, which also displayed a WAS price. He said "the subtle magic of the 'Prices Dropped' message that draws the consumer in is to say the new...
- Title
- YouTubers face police probe after filming inside Dezi Freeman's hideout | ABC NEWS
- Date posted
- 8 days ago
- Description
- Victoria police have launched an investigation into reports of trespass after YouTubers filmed and published video of themselves inside cop killer Dezi Freeman's remote hideout.
Police shot dead Freeman at the converted shipping container in Thologolong after discovering him there on March 30, seven months after he killed two officers at his property at Porepunkah and escaped authorities.
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Read more here: https://www.abc.net.au/news/2026-04-21/vic-youtubers-film-inside-dezi-freeman-hideout/106586580
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Prospector finds rare space debris that's almost 800,000 years old | ABC NEWS
- Date posted
- 8 days ago
- Description
- A prospector in Western Australia's Goldfields has discovered an australite, also known as a tektite. The meteorite debris is about 800,000 years old.
Curtin University researchers hope the discovery could help pinpoint the location of the meteorite's impact crater.
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Read more here: https://www.abc.net.au/news/2026-04-20/prospector-finds-rare-australite-wa-goldfields/106576110
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Tom Boyd on the ‘suffocating nature’ of footy in wake of Elijah Hollands’ episode
- Date posted
- 8 days ago
- Description
- Elijah Hollands’ mental health episode against Collingwood on Thursday night has raised many questions, particularly of the Carlton Football Club. How did this happen? Why was he allowed to stay on the ground? How can we stop this from happening again? Premiership Bulldog Tom Boyd has publicly shared his mental health battles, so we ask him those very questions.
Featured: Tom Boyd, Western Bulldogs' premiership player. x
To catch up on everything that’s making sports headlines recently, listen to more episodes of ABC Sport Daily,’ hosted by Patrick Stack on ABC listen or wherever you get your podcasts, and get in touch with them on social media via @abc_sport. In the episodes we will cover big sporting personalities and all sports, including cricket, soccer, F1, NBA, AFL, AFLW to NRLW & NRL news, to covering competitions like the Olympics, the World Cup, The Ashes, Grand Prix and Grand Finals and more.
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- Title
- Chinese government-owned firm bids to build Hobart stadium | ABC NEWS
- Date posted
- 8 days ago
- Description
- The race for the contract to build Hobart's proposed waterfront stadium is down to two, after an expression of interest phase.
One bid is from a joint venture, which includes a subsidiary company of the Chinese government's China State Construction Engineering Corporation.
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Read more here: https://www.abc.net.au/news/2026-04-19/mac-point-stadium-tenders-announced-china/106579960
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Fuel crisis may haunt Trump and Republicans in midterms | ABC NEWS
- Date posted
- 8 days ago
- Description
- Despite a boom in domestic oil drilling, US consumers will still feel the pinch from global price rises. That spells trouble for Republicans.
Radio National Breakfast business and economics correspondent Carrington Clarke explains.
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Australia inks deals with two drone defence companies among $7b in funding | ABC NEWS
- Date posted
- 8 days ago
- Description
- The Government has announced contracts worth $30 million with two Australian-based companies for drone defences.
The deals are among $7 billion in new funding for counter-drone technology.
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Future of US-Iran ceasefire hangs in the balance | ABC NEWS
- Date posted
- 8 days ago
- Description
- A US negotiating team, including Vice-President JD Vance and special envoys Jared Kushner and Steve Witkoff, is due to head to Pakistan for talks with Iran "soon", despite Tehran refusing to commit to sitting down for negotiations.
It comes ahead of the expiry expiry of a two-week ceasefire between the US, Israel and Iran.
Video by Rachel Clayton.
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Administrators for Australia's only manganese smelter optimistic buyer will be found | ABC NEWS
- Date posted
- 8 days ago
- Description
- The administrator appointed to Australia's only manganese smelter says he is confident it will be able to find a buyer.
It comes as workers, faced with redundancy or taking leave without pay, rally for government support after the parent company entered administration.
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Read more here: https://www.abc.net.au/news/2026-04-21/tasmania-liberty-bell-bay-administrators-optimistic-sale/106489170
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Robot beats human half-marathon record in Beijing | ABC NEWS
- Date posted
- 8 days ago
- Description
- A humanoid robot just smashed the human world record for a half-marathon at a Beijing competition.
But not every robot fared so well.
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- The Two Intruders: The thing about the ‘Mr Big’ sting | The Case Of...
- Date posted
- 8 days ago
- Description
- You asked, and now we can finally unpack the controversial undercover operation that police used to pursue Steve Fabriczy — a 'Mr Big' sting.
In this episode, Elizabeth Byrne and ABC Unravel reporter Alicia Bridges explain how the method works, its weaknesses, and why it has faced restrictions in other countries.
If you have any questions you'd like Liz, and Stocky to answer in future episodes, please email thecaseof@abc.net.au
The Case Of is the follow-up to the hit podcast Mushroom Case Daily, and all episodes of that show will remain available in the back catalogue of The Case Of.
- Title
- Trump says US-Iran ceasefire highly unlikely to be extended | ABC NEWS
- Date posted
- 9 days ago
- Description
- Talks for an extension of a ceasefire between the US and Iran are set to continue, but there is confusion over whether the ceasefire with extend beyond its deadline and when the deadline exactly is.
US Vice President JD Vance will leave for Pakistan for discussions, but there are uncertainties whether Iranian officials will join the meeting.
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Read more here: https://www.abc.net.au/news/2026-04-21/iran-war-us-negotiations-pakistan-talks/106586280
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Severe storm in Bunbury, WA investigated as possible tornado | ABC NEWS
- Date posted
- 9 days ago
- Description
- A major clean-up effort is underway as authorities work to determine whether a tornado struck Western Australia’s largest regional city. Winds of more than 100km/h hit Bunbury, 170 kilometres south of Perth. Multiple properties in East Bunbury reported damage and power was knocked out to an estimated 170 homes and businesses.
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- NRL caps contact in training in bid to reduce injuries | ABC NEWS
- Date posted
- 9 days ago
- Description
- The NRL has announced new safety guidelines, limiting contact in training in a bid to reduce injuries, including concussions.
The NFL introduced restriction on contact training in 2011, while the AFL is yet to determine its own contact training restrictions in 2027.
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Read more here: https://www.abc.net.au/news/2026-04-21/nrl-limits-contact-training-in-bid-to-reduce-head-injuries/106584454
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Tim Cook’s replacement as Apple CEO: Who is John Ternus? | ABC NEWS
- Date posted
- 9 days ago
- Description
- John Ternus has been named the next Apple chief executive, replacing incumbent Tim Cook in September.
The mechanical engineer is tipped to bring stability to the company as it seeks a revamp in the artificial intelligence race.
The New York Times’ technology correspondent Mike Isaac says Apple still has a few tricks up its sleeve and new products such as smart glasses could be rolled out under the new CEO.
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Read more here: https://www.abc.net.au/news/2026-04-21/tim-cook-steps-down-as-apple-ceo/106586654
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- The new varieties of table grapes transforming the sector | Landline | ABC News
- Date posted
- 9 days ago
- Description
- Australia's table grape sector is being transformed. As Landline's Kerry Staight reports, traditional varieties are disappearing in a wave of new names and flavours.
Landline is a national rural affairs television program covering stories from rural and regional Australia. Our team of journalists offers an unrivalled insight into the issues, people, business and history of Australian farming. We'll take you from dusty outback stations to beautiful dairy country, and everywhere in between.
For more Landline stories, click here: https://www.abc.net.au/news/rural/programs/landline
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Starmer 'utterly dejected' after battering in parliament over Mandelson appointment | ABC NEWS
- Date posted
- 9 days ago
- Description
- Starmer is facing growing pressure to resign over what he knew about Lord Peter Mandelson's ties to Jeffrey Epstein before he was appointed as British ambassador to the United States.
BBC World Service political correspondent Rob Watson says he hasn't seen anything quite like the two-and-a-half-hour grilling of Keir Starmer in UK parliament. Members of Starmer's own Labour Party were among those criticising the Prime Minister.
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Risk of 'megaquake' rises after magnitude 7.7 earthquake hits Japan’s northeast | ABC NEWS
- Date posted
- 9 days ago
- Description
- Japanese authorities are urging residents to be vigilant, warning there is a risk of further seismic activity after a magnitdue 7.7 earthquake struck the country’s northeastern coast
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- Apple CEO Tim Cook announces resignation and names replacement | ABC NEWS
- Date posted
- 9 days ago
- Description
- Apple CEO Tim Cook has announced he will step down from the top job in September and hand over the reins of the tech powerhouse to company veteran John Ternus.
The news has excited many fans of Apple products as the incoming chief is known for his passion for product development rather than cutting costs.
ABC Business Daily Podcast host Carrington Clark says the Apple engineer has the important job of steering the corporation into the age of artificial intelligence.
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Iran unwilling to confirm talks with US as fate of ceasefire uncertain | ABC NEWS
- Date posted
- 9 days ago
- Description
- The likelihood of a second round of peace talks between the US and Iran is facing great uncertainty, as Iranian Foreign Ministry’s Spokesperson Esmaeil Baghaei blames a US blockade on its ships and ports for complicating the situation.
Meanwhile, Israeli Prime Minister Benjamin Netanyahu is fuelling speculation of a return to war as the temporary ceasefire nears its end, saying Israel has 'not yet to finished the task.'
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- When will the Iran war hit your grocery bill? | ABC News Daily podcast
- Date posted
- 9 days ago
- Description
- Shoppers have been dismayed by grocery price rises for years, now there are warnings that food will cost even more as the effects of the Iran war reach consumers.
Transporting produce around the country will cost more due to high diesel prices, but farmers don’t necessarily get to recoup the surging costs on the farm itself.
So how are our farmers faring and when will another round of price hikes reach us at the supermarket check-out?
Today, we speak with agricultural business expert Stefan Vogel and to South Australian grain grower Louise Flohr.
Featured:
Louise Flohr, South Australian grain farmer
Stefan Vogel, general manager of RaboResearch Australia & New Zealand
- Title
- Woolworths faces court over alleged fake discounts ahead of decision in Coles case | ABC NEWS
- Date posted
- 9 days ago
- Description
- Woolworths is set to face court over allegations of fake discounts ahead of a decision in a similar case against Coles.
Losing these cases could expose the supermarket giants to fines of $50 million or more.
Former ACCC chairperson Allan Fels says the outcome of these lawsuits could have a transformative effect and the consumer watchdog is looking to send a message.
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Keir Starmer was warned about Mandelson's links to Epstein, new documents reveal | ABC NEWS
- Date posted
- 9 days ago
- Description
- New documents show British Prime Minister Sir Keir Starmer had been warned about Peter Mandelson's links to sex offender Jeffrey Epstein before he appointed him ambassador to the US.
Lord Mandelson was forced to quit his role last year after it emerged he maintained a friendship with Epstein after the paedophile's conviction for soliciting prostitution from a minor.
The documents are raising fresh questions about the under-fire prime minister's judgement.
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Read more here: https://www.abc.net.au/news/2026-03-12/starmer-mandelson-epstein-risk/106444262
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- Frustrated parents say under-16s social media ban 'ineffective' | ABC NEWS
- Date posted
- 9 days ago
- Description
- It's been about four months since Australia introduced world-leading laws designed to keep kids under 16 off social media.
While other countries are looking to follow Australia's example, some parents have raised concerns that tech companies have failed to provide adequate safeguards to keep children off their platforms.
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- NZ PM Christopher Luxon in "difficult position" amid leadership speculation | The World | ABC News
- Date posted
- 9 days ago
- Description
- There's been growing speculation about the future of New Zealand's Prime Minister Christopher Luxon. Low polling figures have sparked a revolt among some MPs in his National Party. But Mr luxon says he won't be resigning ahead of a general election in November. Ben Thomas, political commentator and former National government press secretary told The World's Girish Sawlani Prime Minister Luxon is in a difficult position.
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- Title
- Will the US step up its campaign against Iran's nuclear ambitions? | The World | ABC NEWS
- Date posted
- 9 days ago
- Description
- As the unrest in the Middle East continues, one of the main sticking points between Washington and Tehran as far as peace talks are concerned is Iran's nuclear program. Iran's president says the US had no justification to deprive his country of its nuclear rights. Former IAEA inspector Robert Kelley, who is also a distinguished associate fellow at the Stockholm International Peace Research Institute, tells The World the US has tried to cooperate with Iran to surrender its enriched materials, but they could go a more aggressive route.
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Hong Kong fire victims scour scorched homes for keepsakes | The World | ABC NEWS
- Date posted
- 9 days ago
- Description
- Almost five months on from Hong Kong's deadliest blaze in decades, survivors of the Tai Po district complex fire have been able to return to their homes for a short time to salvage their belongings. As Amanda Robson reports, it's been a bittersweet moment for many. #ABCTheWorld #ABCAsiaPacific
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- Title
- Iran shuns peace talks, ceasefire at risk after US seizes Iranian ship | The World | ABC NEWS
- Date posted
- 9 days ago
- Description
- Iran's government says it will skip a second round of talks with the Trump administration in Pakistan after US marines boarded and seized an Iranian-flagged cargo ship in the Strait of Hormuz. Middle East correspondent Matt Doran reports. #ABCTheWorld #ABCAsiaPacific
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Lifeblood expands donor eligibility based on sexual activity | ABC NEWS
- Date posted
- 9 days ago
- Description
- More gay and bisexual men as well as transgender people in monogamous relationships will be eligible to donate blood for the first time. The change has come into effect after the Therapeutic Goods Administration approved the removal of gender-based sexual activity restrictions.
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Farmers get creative to make ends meet as fuel bites budgets | ABC NEWS
- Date posted
- 9 days ago
- Description
- As budgets are forced to absorb higher fuel costs and battle with supply uncertainty, some farmers are getting creative to make ends meet and turning to side hustles to bring in extra money.
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Read more here: https://www.abc.net.au/news/rural/2026-04-20/grape-almond-tough-harvests-as-fuel-prices-skyrocket/106501358
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- What is oversharing online, and what are the risks? | ABC NEWS
- Date posted
- 9 days ago
- Description
- Research commissioned by the Australian Department of Home Affairs found that two-thirds of Australians leave their private information open to cyber-criminals. Data shows users are 'oversharing' personally identifying information on social media, which could make them vulnerable to identity theft or scams.
Professor Asha Rao, a cybersecurity expert from RMIT University, explains what oversharing online is and its risks.
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Dramatic details of marine rescue for lost divers off Queensland coast | ABC NEWS
- Date posted
- 9 days ago
- Description
- A Gold Coast diver lost at sea for 22 hours off Stradbroke Island says he and his diving instructor tied themselves together confident they would be rescued.
#ABCNewsQld by Gemma Sapwell
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Fair Work orders major retailers to help truck drivers with fuel costs | ABC NEWS
- Date posted
- 9 days ago
- Description
- A Fair Work Commission ruling has ordered the big supermarkets, miners, and retailers like Amazon to help truck drivers with the soaring cost of fuel through regular contract reviews.
The order has been hailed as a historic win for the industry, but could place pressure on consumers should the companies pass on the cost.
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Treasurer warns Middle East uncertainty casting shadow over Australian economy | ABC NEWS
- Date posted
- 9 days ago
- Description
- The Treasurer has warned Australia's economy is hostage to the war in Iran with the uncertainty playing havoc with next month's budget.
But Jim Chalmers insists it will still be one of reform, flagging long-awaited changes to property tax breaks.
He's also revealed where most of the savings will be made.
National Affairs Correspondent Jane Norman reports.
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Report reveals nation’s best and worst attempts to tackle illicit tobacco | ABC NEWS
- Date posted
- 9 days ago
- Description
- A new report has ranked the Northern Territory last of all the states and territories in their response to illicit tobacco.
The report from the Australian Council for Smoking and Health says the NT has by far the weakest laws in the country.
Health experts warn the rise of cheap illicit tobacco is looming health disaster in a place where smoking is already one of the leading causes of death. Olivana Lathouris has this report for ABC News Northern Territory.
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- Title
- Shane Flanagan is gone, but do the Dragons’ problems run deeper?
- Date posted
- 9 days ago
- Description
- In round 23 of last year the St George Illawarra Dragons were celebrating a win over the Sharks and a contract extension for coach Shane Flanagan. 11 consecutive losses later they’re looking for a new head coach after the club announced they are mutually parting ways. We are seven rounds into the NRL season and already two coaches have been moved on. Can the Dragons do what Manly have done and turn their fortunes around or do they have bigger issues?
Featured: Michael Carayannis, journalist, ABC Sport and NewsCorp.
To catch up on everything that’s making sports headlines recently, listen to more episodes of ABC Sport Daily,’ hosted by Patrick Stack on ABC listen or wherever you get your podcasts, and get in touch with them on social media via @abc_sport. In the episodes we will cover big sporting personalities and all sports, including cricket, soccer, F1, NBA, AFL, AFLW to NRLW & NRL news, to covering competitions like the Olympics, the ...
- Title
- Scrapping CGT discount won't solve housing crisis, says community housing advocate | The Business
- Date posted
- 9 days ago
- Description
- Community housing advocates argue tinkering around with Capital Gains Tax concessions will do little to improve affordability.
They say turbo-charging the not-for-profit housing sector is critical to boosting supply, and reducing the growth of property prices.
Community Housing Industry Association NSW chief executive, Luke Achterstraat says the housing supply crisis is 'real' and 'deepening'. He says while community housing advocates would welcome some changes to the CGT discount, as they recognise the role it plays in encouraging private investment in the market, it won't do much to improve affordability for the most vulnerable in society.
"I think a lot of investors are essentially speculating and expecting that capital gain to occur with a reduced tax rate rather than necessarily looking for high yielding income-driven investment," he says.
"I think there is some distortion that the discount creates...we would welcome government looking at that to maybe take...
- Title
- ASX edges higher despite shaky ceasefire, oil prices rebound | Finance Report | ABC NEWS
- Date posted
- 9 days ago
- Description
- The local sharemarket fell this morning in response to the renewed closure of the Strait of Hormuz and a rise in oil prices, but then recovered to finish the day flat.
Global markets stayed positive despite the shaky ceasefire between Iran and the US.
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Tehran vows retaliation after US attacks ship in Strait of Hormuz | ABC NEWS
- Date posted
- 9 days ago
- Description
- Iran's top joint military command accuses the US of violating the ceasefire by firing at an Iranian commercial ship in the Gulf of Oman and vows to retaliate.
Donald Trump says Marines have custody of an Iranian-flagged cargo ship after boarding it in the Gulf of Oman. The Islamic Revolutionary Guard Corps has vowed to retaliate.
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Fears remote residents are being forgotten as the fuel crisis pushes up food costs | ABC NEWS
- Date posted
- 9 days ago
- Description
- People in Australia's most remote and vulnerable communities say the fuel crisis is making food and essential trips to town even more unaffordable.
They're calling on the Federal, state and territory governments to provide targeted relief, and guarantee their food and power will be prioritised, if Australian fuel shortages become severe. Jane Bardon has this report for ABC News Northern Territory.
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ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Man charged over alleged plot to import 200kg of cocaine | ABC NEWS
- Date posted
- 9 days ago
- Description
- Police have charged a 41-year-old Tweed Heads man after he allegedly tried to import 200 kilograms of cocaine into Australia.
Authorities further alleged the man was a member of a syndicate linked to outlaw motorcycle gangs.
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- Title
- How likely will Australia fall into stagflation? | The Business | ABC NEWS
- Date posted
- 9 days ago
- Description
- The economic shock from war in the Middle East is hitting home.
Some businesses fear there could be lockdowns amid petrol shortages. Consumers are slashing spending. And economists worry an ongoing war heightens the risk of a recession, while the Reserve Bank's nightmare scenario is stagflation — a situation with stagnating growth and higher inflation at the same time.
Some economists predict, if the US-Israel-Iran conflict continues, mass job losses could be coming.
Nassim Khadem reports.
ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
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- Title
- Trump's erratic actions spark speculation on cognitive decline | ABC NEWS
- Date posted
- 9 days ago
- Description
- Dr Mary Trump, the niece of Donald Trump and a clinical psychologist, says her uncle is beginning to display similar symptoms of dementia that her grandfather – Fred Trump – exhibited at a younger age than the US President.
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- Title
- Which groceries do farmers expect to surge amid the fuel crisis? | ABC NEWS
- Date posted
- 10 days ago
- Description
- Rising fuel and fertiliser costs, caused by the Middle East conflict, are driving up Australia's fresh food prices.
The impact is being felt across the supply chain, with farmers paying more to grow food. It's also costing more to deliver perishable goods to supermarkets, particularly in regional areas.
Jolyon Burnett, chairperson of the National Farmers' Federation Horticulture Council, says supermarkets are putting price pressure back on growers to protect their margins.
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Read more here: https://www.abc.net.au/news/2026-03-23/farmers-warn-supermarket-price-spikes-to-hit-within-weeks/106487650
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- Title
- Eight Louisiana children killed in deadliest shooting in US in over two years | ABC NEWS
- Date posted
- 10 days ago
- Description
- Eight children have been killed in the deadliest mass shooting in the US in over two years.
The victims, aged between one and 14, were shot across several neighbourhood homes in the Louisiana city of Shreveport.
Shamar Elkins, who was related to some of the children, has been identified as the suspect and was shot dead by police.
Louisiana police’s Chris Bordelon described one of the crime scenes as ‘gruesome’.
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