Australia news LIVE: RBA says rates and tax changes will take steam out of housing market; Trump was ‘an hour away’ from striking Iran, warns of attack within days
The Reserve Bank of Australia has indicated that upcoming tax changes and rising interest rates will dampen the housing market. Meanwhile, the head of the World Health Organization has raised alarms about a significant Ebola outbreak in eastern Congo. Additionally, Donald Trump revealed he was close to ordering a military strike against Iran, highlighting ongoing tensions in the region.
- ▪The Reserve Bank's chief economist warned that tax changes and higher interest rates will impact the housing market.
- ▪The World Health Organization reported a rising death toll from an Ebola outbreak in eastern Congo, now at 134.
- ▪Donald Trump stated he was an hour away from ordering a strike on Iran, indicating escalating tensions.
Sydney Morning Herald publishes from Australia and files mainly under world. We currently carry 3,426 of its stories.
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Pinned post from 6.45amGo to latestMorning headlinesBy Emily KaineGood morning and welcome to our national news live blog for Wednesday, May 20. My name is Emily Kaine, and I’ll be helming our coverage this morning. The federal government’s tax changes will combine with higher interest rates to take steam out of the nation’s housing market, the Reserve Bank’s chief economist has signalled, while warning that businesses are likely to keep lifting prices as the war against Iran drags on.Australia will begin extending the lives of its fleet of Collins class submarines this month as the navy tries to bridge a looming capability gap while awaiting AUKUS nuclear submarines.Football Australia is bracing for another massive financial loss, triggering a sweeping internal restructure that will see…
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.