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The Latest Breaking News from Nicki Hutley

Floods have devalued Australian homes by $42bn. Experts say that’s the cost of ‘a changing climate’

Of the 2m flood-prone houses across the country, at least 70% have had values reduced, a new report by Climate Council and PropTrack has found

The Guardian - AU

Instead of ‘winners and losers’, why not build an economy that’s good for all Australians?

When it comes to policy decisions, too many are too quick to focus on what’s in it for them, instead of what is best for society as a whole

The Guardian - AU

Protecting the environment has always made economic sense. Now we have proof

The failures of our environmental protection laws mean we are not only failing nature but also undermining productivity – at a huge cost

The Guardian - AU

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The RBA’s decision to hold rates isn’t a calamity, but its shift in language is confounding – and worrying

One minute we are told inflation is in the bag, seven weeks later we are worried that it’s not. This change in tone erodes trust

The Guardian - AU

Disaster response storm brewing over federal finances

Spending on climate adaptation and resilience continues to fall short even as the federal budget reveals spending on disaster response payments is blowing out.

AAP

Ways for consumers to put the 'sun tax' in the shade

Experts share their tips on how households can avoid the network "sun tax" and get more bang for their solar buck as once-generous tariffs come to an end.

AAP

Australia’s economy was the envy of the world. Now it’s falling behind

After record-breaking streak of growth, Australia is lagging behind its peers amid cost-of-living and productivity woes.

Al Jazeera

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Why is the Australian dollar falling – and what does it mean for interest rates, travel and the economy?

Trump’s higher tariffs and any resulting weakness in China would keep the Aussie under pressure, economists warn

The Guardian - AU

As Australian housing prices drop, first homebuyers could be in for a win. But, as always, there’s a catch

Lower house prices can have far-reaching consequences – for mortgage default rates and consumer spending

The Guardian - AU

Migration remains a hot-button issue. But Australia should be careful not to throw the baby out with the bathwater

If the problem we’re trying to solve is housing undersupply, then planning and tax policies, not migration, should be where the focus is

The Guardian - AU

Efficient cars can cut hundreds from popular road trips

Picking a fuel-efficient car for your next domestic holiday could save you hundreds of dollars, and electric vehicles will save the most, research shows.

AAP

Immigration key to Australia avoiding a recession, unlike NZ

If Australia is lurching towards a recession like the one neighbouring New Zealand is now suffering, there were few signs of it on Thursday.

The New Daily

Taking a stand: why your banking choices make a difference

Consumers have growing power when it comes to encouraging companies to act ethically

The Guardian - AU

Working more, paid less – the sad truth about women’s wages

Women are working more than men, according to the latest Australian Bureau of Statistics and their pay levels grew slightly faster than men.

The New Daily

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The New Daily

Super discrimination worsens for women as the gender gap widens in key age groups

Despite rises in the superannuation guarantee and improvements in maternity leave women are not breaching the super gender gap

The New Daily

Inflation is hurting people in their 50s due to low wage rises and housing costs

Inflation is making itself felt among older people, with 80 per cent of 50-plus respondents surveyed saying they are feeling the impact.

ABC News

Federal government backs wage increase for lowest-paid workers in line with inflation

The federal government has backed a wage rise for the nation's lowest paid workers in line with inflation, arguing they should not see their real wages go backwards.

The New Daily

Difficult budget decisions after $368 billion nuclear subs splurge

A plan to acquire a fleet of nuclear subs has been unveiled, but experts said the eye-watering price tag will force tough budget debates.

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ABC News

Canadian version of Dominic Perrottet's 'kids future fund' reveals who really benefits

The NSW premier says his "Kids Future Fund" will give every child across the state a head start, but data from the initiative that inspired it tells a different story.

The New Daily

‘Incredibly difficult’: RBA prepares 10th straight rate hike, despite slowing economy

Struggling home owners face more bad news this week as the Reserve Bank prepares yet another hike in interest rates.

The New Daily

‘Doing it tough’: Financial pain at three-year high as cost of living, mortgage rates squeeze families

As many as four in ten Australians are now suffering financial hardship as the cost of living crisis combine with big interest rate hikes.

The New Daily

Walking the ‘narrow path’: Will Australia avoid a recession in 2023 as Jim Chalmers predicts?

Treasurer Jim Chalmers isn't predicting a recession in 2023, but experts say the risk is rising as consumer spending slows.

The Guardian - AU

After the floods: Eugowra awaits the insurance payouts that may not come

Central-west NSW residents left homeless by November’s devastation are still waiting for claims, with many uninsured against floods

The New Daily

‘Mighty’ shoppers drive the economy as millions splurge before Christmas

The strength of consumers spending right now has many economists scratching their heads ahead of Christmas but a "reckoning" looms.

Reuters

Analysis-Australia's climate policies don't match its big talk at COP27

Australia is talking up its green credentials at the annual U.N. climate summit, but its policies do not match the portrayal as it continues to support new mining and energy projects, and fuels the crisis through its enormous fossil fuel exports.

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