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Factbox-Australia unveils changes to negative gearing, capital gains tax

Factbox-Australia unveils changes to negative gearing, capital gains tax

SYDNEY, May 12 (Reuters) - Australia's centre-left Labor government will pare tax breaks for landlords to level the playing field for young Australians to own a home, in the biggest housing tax changes this century.
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Australia seeks reform, inflation restraint in budget balancing act

Australia seeks reform, inflation restraint in budget balancing act

By Stella Qiu SYDNEY, May 11 (Reuters) - Australia is expected to deliver a smaller than initially forecast budget deficit this week as the government banks revenue windfalls from higher commodity prices, while aiming to deliver politically risky reforms without worsening inflation.
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Australia to offer one-year grace period for housing, investment tax changes, AFR reports

Australia to offer one-year grace period for housing, investment tax changes, AFR reports

SYDNEY, May 11 (Reuters) - Australia's centre-left Labor government will offer a one-year grace period for planned changes to capital gains tax discounts and negative gearing in the federal budget to be handed down this week, the Australian Financial Review reported on Monday.
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Australian budget seeks to balance bold reform with inflation restraint

Australian budget seeks to balance bold reform with inflation restraint

By Stella Qiu SYDNEY, May 12 (Reuters) - Australia is set to deliver a narrower than previously flagged budget deficit on Tuesday as the government banks commodity-driven revenue windfalls, while seeking to bring forward politically sensitive reforms without stoking inflation.
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Sky News Australia Prepares Extensive Coverage for Budget 2026

Sky News Australia Prepares Extensive Coverage for Budget 2026

Sky News Australia has announced its lineup for covering Budget 2026, featuring prominent political commentators and analysts. The coverage will include live broadcasts of Treasurer Jim Chalmers' budget speech and analysis of the government's economic strategy amid ongoing cost-of-living pressures. The programming will also feature interviews with key political figures and public reactions.
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Australia business confidence shaken as costs climb, survey shows

Australia business confidence shaken as costs climb, survey shows

SYDNEY, May 12 (Reuters) - Australian business confidence remained mired in gloom in April, a survey showed on Tuesday, as spiking energy costs from the Middle East war squeezed profit margins and pressured investment plans.
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AI Wealth Surge Drives San Francisco Real Estate Boom Ahead of Major IPOs

AI Wealth Surge Drives San Francisco Real Estate Boom Ahead of Major IPOs

AI Wealth Surge Drives San Francisco Real Estate Boom Ahead of Major IPOs
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ASX Explorers Face Funding Challenges Amid Selective Capital Cycle

ASX Explorers Face Funding Challenges Amid Selective Capital Cycle

ASX Explorers Face Funding Challenges Amid Selective Capital Cycle
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Australia's Trump-aligned populists vow to fight mass migration after winning first lower house seat

Australia's Trump-aligned populists vow to fight mass migration after winning first lower house seat

SYDNEY, May 10 (Reuters) - Australia's right-wing populist One Nation party, which wants to emulate U.S. President Donald Trump's aggressive deportations, vowed to focus on ending mass migration, after winning its first seat in the country's lower house.
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Australia's far-right party wins first lower house seat

Australia's far-right party wins first lower house seat

SYDNEY, May 9 (Reuters) - Australian far-right populist party Pauline Hanson's One Nation won its first seat in the country's House of Representatives in a byelection on Saturday, a preliminary vote count showed.
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Hawai'i Housing Market Sees Slight Improvement Amid Insurance Concerns

Hawai'i Housing Market Sees Slight Improvement Amid Insurance Concerns

The University of Hawai'i Economic Research Organization (UHERO) reports a slight improvement in housing affordability in Hawai'i, despite ongoing challenges. The annual housing factbook indicates that while financing costs have decreased, homeowners association (HOA) fees, insurance costs, and disaster risks continue to impact affordability. The report highlights that a single-family home remains out of reach for about 80% of families. Hawai'i has one of the highest percentages of residents paying HOA fees, at 42% compared to the national average of 25%. Additionally, the Federal Emergency Management Agency (FEMA) plans to remap flood zones, potentially increasing flood insurance rates for over 3,000 parcels.
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New Study Highlights Premiums on Urban New Builds Across U.S.

New Study Highlights Premiums on Urban New Builds Across U.S.

New Study Highlights Premiums on Urban New Builds Across U.S.