Australia Property Market Crash 2024: Jim Chalmers Faces Backlash

Australian Treasurer Jim Chalmers was warned in confidential Treasury advice released under a freedom of information request on Monday night that planned tax changes would place downward pressure on house prices, increase rents, and reduce housing supply. The documents, prepared in the lead-up to the budget, predicted that house prices would rise by about two … Read more

Harvey Norman Sales Fall Amid Cost-of-Living Crisis

Retail sales growth at Harvey Norman slowed following the May federal budget and mounting cost-of-living pressures, according to a market update released by the company. Harvey Norman Sales Results and Financial Performance Harvey Norman reported a 3.1 percent rise in total sales to $9.6bn, backed by $6.6bn in franchisee revenue from Australia, according to the … Read more