@FinancialReview

For 70 years, The Australian Financial Review has been the authority on business, finance and political news in Australia.

 Australia
afr.com/
Joined January 2009
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13.9KMedia
As buyers retreat and developers come under pressure, the push to make housing more affordable risks making the homes Australia desperately needs even harder to build. ebx.sh/ZbH5Pa

Something vital is breaking in housing. This 71pc plunge proves it

Data from Mirvac and Stockland show Labor’s tax changes and rate hikes have created a perfect storm that is now damaging the very thing that will solve housing affordability.

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Australia faces a choice. It can either drift into a divided nation with stagnant real incomes or make the tough decisions required to lift productivity, writes economist Ed Shann. ebx.sh/jwYV3K

Albanese-Chalmers have sent economy in opposite direction of Hawke-Keating

Australia can either drift into a divided society with stagnant real incomes or make the difficult decisions needed to lift productivity and restore growth.

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A Department of Finance review says KPMG must undertake sweeping governance and culture reforms before it can bid for government contracts again. ebx.sh/sCTgC1

KPMG ban on government work extended until February 2027

The firm should not be trusted to undertake federal work until it proves its promises of cultural reform are more than just words, a review by the finance department said.

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Business owners in Paris have turned to sleeping in their stores and hiring private security guards as they prepare for a fresh wave of protests. ebx.sh/x99KOk

Sleeping in their shops. Paris braces for anarchists and criminals

Business owners hit in last week’s protests are concerned extra police and security may not protect them, as they prepare for another wave of violence.

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The 184-room, four-star hotel, located on the family's former farmland, will feature an Italian-inspired restaurant, bar and pool. ebx.sh/wsI8F5

Billionaire Perich clan to open its first hotel in Sydney’s south-west

The billionaire dairy farmers and property developers have added a hotel to the farmland they have turned into a new suburb. Another isn’t out of the question.

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The billionaire businessman hopes to transform the 12.7-hectare site into a commercial, retail and residential precinct, featuring a boutique hotel, apartments and a sports club. ebx.sh/AM041q

Pub baron Mathieson lays out $800m plan to build hub outside Brisbane

While the billionaire is best known for his big role in the pubs sector, including as a major Endeavour shareholder, he is a large developer in his own right.

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A new survey reveals that 65 per cent of Baby Boomers have gifted a sum of $10,000 or more to a child or grandchild. ebx.sh/XnzUzX

Survey reveals the sums wealthy parents give kids for house deposits

With 65 per cent of Boomers playing bank of mum and dad for homes, degrees, and living costs, a survey reveals what’s being gifted – and why advisers say it takes careful planning.

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A former accountant has launched a high-stakes legal challenge, claiming the ATO commissioner owed him a duty of care after he was harassed and terminated for blowing the whistle. ebx.sh/bL60Mj

ATO claim could change everything for whistleblowers

An accountant who dobbed in his employer is arguing that regulators owe a duty of care to whistleblowers. It’s a radical argument – and it just might work.

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The former soldier and accused war criminal gave his all in a bravura attempt to hit back at allegations against him – while spruiking his new clothing brand. ebx.sh/0r10kQ

2GB listeners ‘eyes leaking’ as everyman BRS gives show of his life

The former soldier and accused war criminal gave his all in a bravura attempt to hit back at allegations against him – while spruiking his new clothing brand.

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The furniture retailer says sales orders have fallen 15 per cent in the past half-year, as challenging economic conditions continue to weigh on consumer spending. ebx.sh/1EYdCX

Nick Scali flags profit drop after taking hit from housing downturn

The furniture retailer said sales fell 15 per cent while store traffic dropped 10 per cent during the three months to September 30.

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One of the country’s largest home builders has warned that rising interest rates and changes to property tax concessions are creating a "challenging" market. ebx.sh/6gwFV2

Mirvac says home sales slumped by almost a third in three months

One of the country’s largest home builders has warned that rising interest rates and changes to property tax concessions is creating a “challenging” market.

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Australian government agencies are rushing to patch critical software vulnerabilities after AI agents uncovered security flaws in a widely used programming language. ebx.sh/tQxuND

AI just discovered a bug putting 70pc of world’s websites at risk

Websites worldwide are going dark as a precaution after the bug was discovered using AI tools. Cyber experts are racing to implement a patch before hackers exploit it.

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The new Western Sydney Airport has been in the making for four decades. But will it entice travellers, as the Albanese government promises? ebx.sh/iyTr8a

If you build it, will they come? Western Sydney Airport’s big test

After four decades and billions of dollars, those behind Sydney’s new airport can’t afford for it to become peripheral.

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The class action will be the first in Australian legal history to allege that a social media platform damaged its users’ mental health. ebx.sh/nwHJCx

Social media lawsuit wave hits Australia with landmark Meta class action

The Federal Court claim is the first of its kind in Australia, and accuses the Facebook and Instagram operator of building addictive platforms and harming kids.

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Power grid infrastructure has emerged as a major flashpoint between local communities and data centre developers across Australia. ebx.sh/1M6X0b

Meet the people and power poles that wiped $3b off NextDC

The ASX-listed company got hit hard as community protests have become a multibillion-dollar issue for Australia’s data centre developers.

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Sydney’s $30 billion M1 metro rail line will open to passengers in late October, ending more than two years of disruption for commuters forced onto replacement buses. Read more on our live blog: ebx.sh/DpqiVa
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The 11-bedroom, 20-bathroom mega mansion spans 3974 square metres. ebx.sh/3AMwRz

Nassif family list Sydney’s biggest mansion with $45m price tag

An 11-bedroom mega-mansion on the outskirts of Sydney has a price guide below replacement cost - and is set to smash The Hills District record.

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Danielle Mulham founded Posse from a spare room in her parents’ house. A decade later, the fashion label is a global powerhouse, worn by figures like Meghan Markle and Julia Roberts. ebx.sh/ptNzn2

The Australian brand making New Yorkers stop and shop

Over the past 10 years, Danielle Mulham has built an Australian success story. Americans are her biggest customers.

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The shipbuilder has secured the largest single investment under Labor's signature $15 billion National Reconstruction Fund. ebx.sh/53f3tf

$245m loan granted to ship builder Austal for WA defence project

The loan is the single largest investment so far under Labor’s signature $15 billion National Reconstruction Fund.

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Leading market strategists have warned that sustained crude prices driven by the US-Iran conflict could push the US economy into a recession. ebx.sh/64VM8X

Oil price tipped to hit $US150 if Iran war drags on

Middle East tensions and the US elections could drive oil prices much higher by next year, threatening higher inflation and a potential US recession, strategists warn.

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