Falling household consumption, fuelled by declining real estate values and high debt levels, is a key source of uncertainty for the Australian economy, the Reserve Bank warns.
The Opposition Leader is interrupted by protesters before promising an overhaul of superannuation and environmental laws if Labor wins office, along with a multi-billion-dollar housing-affordability plan, in a speech to the party's national conference.
Opening the ALP national conference in Adelaide, Mr Shorten will seek to counter the Coalition's attacks on his negative gearing policy, declaring Labor "the party of home ownership" and "the party of affordable housing".
As the nation's housing market downturn continues, South Australia's peak body for home building is pushing for greater security for the industry amid the collapse of two local businesses in the past week.
The University of Tasmania begins offering foreign students the chance to "jump to the head of the queue" if they pay upfront, while existing students are told to look on Gumtree for accommodation, as the university cannot guarantee them a place to live.
Australian regulators should be drafting contingency plans for a collapse in house prices, with a "hard landing" looming as a key risk to the wider economy, the OECD warns.
As volatility in stock and property markets extends into the tail end of 2018, it's becoming increasingly obvious that global finance is at an inflection point, writes Ian Verrender.
Australia is rapidly edging towards the sharpest downturn in property prices since the last recession. And new data reveals some neighbourhoods are feeling the pain much more than others.
The WA Government foreshadows a "substantial" budget surplus for this financial year — one year ahead of schedule and the first time the budget has been in the black for six years.
When the mining boom ended in 2014, the bottom fell out of Perth's property market and the slide shows no sign of ending. But on the eastern seaboard, experts warn the rise — and fall — in house prices will be much more significant, and swift.