Treasurer Jim Chalmers has described the recent decline in auction clearance rates as a positive development for prospective first home buyers, stating that if it makes it easier for them to compete at auctions, then that is a good outcome.
Budget Changes and Market Factors
The drop follows modifications to the capital gains tax discount and negative gearing announced in last month's federal budget. Chalmers, however, downplayed the budget's direct influence, noting that clearance rates had already been trending downward beforehand.
He emphasised that multiple factors are at play, including interest rates, which had already started affecting auction participation prior to the budget. The treasurer's comments come amid ongoing discussions about housing affordability and market dynamics.
Other Key News
- Tony Abbott has downplayed a poll showing increased support for One Nation, but acknowledged the Coalition is in competition with the party.
- An accused Islamic State member has renounced the terrorist group in a Melbourne court after returning from Syria.
- The Socceroos' World Cup squad has been revealed, with coach Tony Popovic including two uncapped strikers.
- A lead prosecutor has withdrawn from the criminal case against James Comey.
- Kuwait has reported a missile and drone attack, while the US says it struck Iran radar sites over the weekend.
- Experts have stated that masturbation among birds is natural and should not be punished.
Amateur Pianist's Big Moment
Sterling Nasa, a 21-year-old university student, attended Justin Hurwitz's La La Land in Concert in Sydney on Saturday night. When the keyboardist suddenly fell ill, Nasa found himself performing on stage, taking over the role unexpectedly.
In Memoriam
Actress Jamie Lee Curtis has announced the death of her sister, Kelly Curtis, at the age of 69. Jamie Lee described her sister as her first friend and lifelong confidant, beautiful, talented, and a lover of nature, music, and family. No cause of death was given.
Podcast and Lifestyle
A recent podcast explores the rise of Christian conservative 'wife schools' teaching women to submit to their husbands, featuring discussions with a Guardian US writer and a Michigan State University professor.
For those intimidated by dance classes, a journalist shares her experience of taking four classes in a weekend at Melbourne's Rising winter arts festival, rediscovering simple joy.
Today's Wordiply starter word is 'NEAR'. Players have five attempts to create the longest word containing the starter word.
