Domain: smh.com.au

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smh.com.au

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Mar 22, 22:10

Melbourne's Affluent Suburbs See Highest House Sale Discounts

In Melbourne, affluent suburbs like Stonnington (9.5 percent discount) and Yarra (9.4 percent) show the largest price reductions in house sales (excluding units) over six months to February, reflecting a market downturn impacting the high-end sector, although recent interest rate cuts show some buye...

Melbourne's Affluent Suburbs See Highest House Sale Discounts

In Melbourne, affluent suburbs like Stonnington (9.5 percent discount) and Yarra (9.4 percent) show the largest price reductions in house sales (excluding units) over six months to February, reflecting a market downturn impacting the high-end sector, although recent interest rate cuts show some buye...

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What are the highest median discounts on house sales in Melbourne's affluent suburbs, and what broader market trends do they reflect?

Melbourne's affluent suburbs, such as Stonnington and Yarra, saw the highest discounts on house sales in the six months to February, with median discounts of 9.5 percent and 9.4 percent respectively. This trend reflects a broader market downturn affecting the more expensive end of the market, although recent interest rate cuts have spurred some buyer activity.

smh.com.au

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Mar 21, 22:09

Heathrow Airport Closed by Power Outage

A fire at an electrical substation caused a power outage at London's Heathrow Airport on Friday, closing it for most of the day and disrupting at least 1350 flights; counter-terrorism officers are investigating, and the airport aims for full resumption on Saturday.

Heathrow Airport Closed by Power Outage

A fire at an electrical substation caused a power outage at London's Heathrow Airport on Friday, closing it for most of the day and disrupting at least 1350 flights; counter-terrorism officers are investigating, and the airport aims for full resumption on Saturday.

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Industry, Innovation, and Infrastructure

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What was the immediate impact of the power outage at Heathrow Airport on Friday?

A power outage at London's Heathrow Airport, caused by a fire at an electrical substation, led to the closure of the airport for most of Friday, disrupting hundreds of thousands of passenger journeys. Repatriation flights and aircraft relocation flights will begin Friday evening. The incident affected at least 1350 flights.

smh.com.au

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Mar 21, 10:12

Queensland Closes Pill-Testing Sites Amidst Potent Opioid Threat

Queensland closed two pill-testing sites on April 4th, against the advice of the Australian Medical Association Queensland, amid the first detection of potent synthetic opioids 40 times stronger than fentanyl in Australian wastewater, raising concerns of increased overdose risks.

Queensland Closes Pill-Testing Sites Amidst Potent Opioid Threat

Queensland closed two pill-testing sites on April 4th, against the advice of the Australian Medical Association Queensland, amid the first detection of potent synthetic opioids 40 times stronger than fentanyl in Australian wastewater, raising concerns of increased overdose risks.

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Good Health and Well-being

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What are the long-term public health implications of the lack of a robust early warning system for detecting and responding to emerging synthetic opioid threats in Queensland?

Closing pill-testing sites while highly potent synthetic opioids circulate creates a significant public health risk in Queensland. The lack of an early warning system will hinder efforts to monitor emerging drug threats, reducing the ability to mitigate harm. The government's focus on a pharmacist prescription program, while positive, does not address the immediate danger presented by unregulated, potent synthetic opioids; future overdoses may be inadequately anticipated and prevented.

smh.com.au

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Mar 21, 07:11

Australia's Hidden Budget Deficit: Off-Budget Items Mask True Fiscal Reality

Australia's Treasurer Jim Chalmers's upcoming budget will show an underlying deficit of approximately $20 billion; however, the inclusion of off-budget items, such as loans and investments, could nearly double the actual deficit to approximately $40 billion, raising concerns about fiscal transparenc...

Australia's Hidden Budget Deficit: Off-Budget Items Mask True Fiscal Reality

Australia's Treasurer Jim Chalmers's upcoming budget will show an underlying deficit of approximately $20 billion; however, the inclusion of off-budget items, such as loans and investments, could nearly double the actual deficit to approximately $40 billion, raising concerns about fiscal transparenc...

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How do the accounting practices related to "off-budget" items impact the transparency and accountability of government spending, and what are the long-term consequences of this approach?

The practice of classifying certain government expenditures as "off-budget" items, including loans and investments, significantly distorts the true picture of Australia's fiscal position. These items, totaling $20.8 billion for 2024-25, are excluded from the underlying cash balance, which only includes day-to-day operations and investments in non-financial assets. This leads to an artificially smaller deficit figure than the actual spending.

smh.com.au

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Mar 21, 16:11

Australia Expands Help to Buy Scheme by \$800 Million

The Australian government will expand its Help to Buy scheme by \$800 million, increasing income and property price limits to make homeownership more accessible for first-home buyers; the scheme will launch in 2025.

Australia Expands Help to Buy Scheme by \$800 Million

The Australian government will expand its Help to Buy scheme by \$800 million, increasing income and property price limits to make homeownership more accessible for first-home buyers; the scheme will launch in 2025.

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What is the immediate impact of the Australian government's \$800 million increase to the Help to Buy scheme?

The Australian government will increase funding for its Help to Buy scheme by \$800 million, raising the total to \$6.3 billion. This expansion increases income and property price limits, making the scheme accessible to more first-home buyers. The changes allow single applicants to earn up to \$100,000 and couples up to \$160,000, while Sydney's price cap rises to \$1.3 million and Melbourne's to \$950,000.

smh.com.au

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Mar 21, 13:14

Bail Denied for Man Charged with Shooting Muslim Man in Brisbane

A 23-year-old man, Brooklyn Te-Hake Henare Ruatara, was denied bail after being charged with shooting a 20-year-old Muslim man in the back in Underwood, Brisbane, on Sunday. Police found Ruatara's fingerprint in the getaway vehicle, and he confessed to using a .22 caliber firearm, stating he knew th...

Bail Denied for Man Charged with Shooting Muslim Man in Brisbane

A 23-year-old man, Brooklyn Te-Hake Henare Ruatara, was denied bail after being charged with shooting a 20-year-old Muslim man in the back in Underwood, Brisbane, on Sunday. Police found Ruatara's fingerprint in the getaway vehicle, and he confessed to using a .22 caliber firearm, stating he knew th...

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Peace, Justice, and Strong Institutions

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What evidence directly links the accused to the shooting of the 20-year-old victim?

On Sunday, Brooklyn Te-Hake Henare Ruatara allegedly shot a 20-year-old Muslim man in the back in Underwood, south of Brisbane. Ruatara, who has gang affiliations, is charged with three counts of acts intended to cause grievous bodily harm and two counts of unlawful use of a motor vehicle. His bail was denied.

smh.com.au

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Mar 21, 22:09

Taxpayer Funds Flow to Gang-Linked Construction Firms

Federal police are investigating two construction companies, LTE and Rangedale, for suspect payments to gangland figures in Australia, revealing deep underworld links to publicly funded projects including the West Gate Tunnel and Logan Hospital expansion.

Taxpayer Funds Flow to Gang-Linked Construction Firms

Federal police are investigating two construction companies, LTE and Rangedale, for suspect payments to gangland figures in Australia, revealing deep underworld links to publicly funded projects including the West Gate Tunnel and Logan Hospital expansion.

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What are the immediate consequences of taxpayer money funding construction projects linked to organized crime?

Taxpayer money is funding construction projects by companies with ties to the Comancheros bikie gang and Melbourne gangland figures. Federal police are investigating suspect payments to these figures, including from LTE Construction Group, which worked on projects like the West Gate Tunnel and Logan Hospital expansion. A second company, Rangedale, is also under investigation for similar payments.

smh.com.au

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Mar 21, 10:12

Australian Supermarket Giants Face Inquiry, Accused of Market Dominance

An Australian inquiry found Coles and Woolworths, holding 67% of the grocery market, are highly profitable and enjoy market dominance, leading to 20 recommendations for increased transparency and a more level playing field, although some critics argue the recommendations lack sufficient regulatory s...

Australian Supermarket Giants Face Inquiry, Accused of Market Dominance

An Australian inquiry found Coles and Woolworths, holding 67% of the grocery market, are highly profitable and enjoy market dominance, leading to 20 recommendations for increased transparency and a more level playing field, although some critics argue the recommendations lack sufficient regulatory s...

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How do Coles and Woolworths respond to the ACCC report's criticism of their market power, and what are the implications of their responses?

The ACCC report highlights the significant market power of Coles and Woolworths, leading to "substantial information asymmetry" and "monopsony power" over suppliers. This allows the supermarkets to influence product prices, benefiting their margins, and potentially impacting farmers. The report's 20 recommendations focus on improved transparency for consumers and suppliers.

smh.com.au

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Mar 21, 04:08

Coventry's IOC Presidency Creates Leadership Void for Brisbane 2032 Olympics

Kirsty Coventry, a former Zimbabwean swimmer, was elected as the first woman, first African, and youngest IOC president, creating a leadership void for the Brisbane 2032 Olympic Games, which she previously oversaw.

Coventry's IOC Presidency Creates Leadership Void for Brisbane 2032 Olympics

Kirsty Coventry, a former Zimbabwean swimmer, was elected as the first woman, first African, and youngest IOC president, creating a leadership void for the Brisbane 2032 Olympic Games, which she previously oversaw.

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Gender Equality

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How will the Brisbane 2032 organizing committee adapt to the departure of Kirsty Coventry from her key oversight role?

Coventry's new role as IOC president will likely shift her focus away from the day-to-day operations of the Brisbane 2032 Games. This necessitates a swift and effective transition plan to ensure the Games' continued progress, given the ongoing challenges related to finances and venues.

smh.com.au

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Mar 21, 07:11

Organized Crime Allegedly Fuels Surge in Australian Antisemitic Attacks

Australian police linked 14 antisemitic firebombings since October 7, 2023, to an organized crime group using explosives, prompting a surge in online hate speech and attempts to dismiss the attacks as a hoax despite evidence targeting Jewish institutions.

Organized Crime Allegedly Fuels Surge in Australian Antisemitic Attacks

Australian police linked 14 antisemitic firebombings since October 7, 2023, to an organized crime group using explosives, prompting a surge in online hate speech and attempts to dismiss the attacks as a hoax despite evidence targeting Jewish institutions.

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Peace, Justice, and Strong Institutions

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What are the immediate impacts of the alleged organized crime involvement in the recent wave of antisemitic attacks in Australia?

Since October 7, 2023, Australia has seen a surge in antisemitic incidents, including firebombings, demonstrations glorifying terrorism, doxxing, and vandalism. Police linked 14 violent attacks to a criminal enterprise allegedly using explosives and paid low-level criminals. This has led to a significant increase in hateful messages on social media, undermining efforts to combat antisemitism.

smh.com.au

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Mar 21, 07:11

Federal Funding for Melbourne Rail Project Halted Pending Cost Review

Infrastructure Australia declared low confidence in the A$35 billion cost estimate for Melbourne's Suburban Rail Loop East project, recommending against further federal funding without an updated cost estimate, cost-benefit analysis, and a comprehensive funding strategy.

Federal Funding for Melbourne Rail Project Halted Pending Cost Review

Infrastructure Australia declared low confidence in the A$35 billion cost estimate for Melbourne's Suburban Rail Loop East project, recommending against further federal funding without an updated cost estimate, cost-benefit analysis, and a comprehensive funding strategy.

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Sustainable Cities and Communities

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What are the key concerns raised by Infrastructure Australia regarding the Suburban Rail Loop East project's funding and viability?

Australia's Infrastructure Australia has expressed low confidence in the A$35 billion cost estimate for the Suburban Rail Loop East project, recommending against further federal funding until an updated cost estimate and cost-benefit analysis are provided. The report, delivered before the federal government released A$2.2 billion, also suggests the state government develop exit strategies in case of delivery issues.

smh.com.au

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Mar 21, 07:11

WA Nationals Win Albany, Jeopardizing Liberals' Opposition Bid

A recount in Albany gave the Nationals a seat, hindering the WA Liberals' bid for opposition status, which hinges on winning the extremely close Kalamunda seat where the margin is only 64 votes; this could lead to a Liberal-National alliance.

WA Nationals Win Albany, Jeopardizing Liberals' Opposition Bid

A recount in Albany gave the Nationals a seat, hindering the WA Liberals' bid for opposition status, which hinges on winning the extremely close Kalamunda seat where the margin is only 64 votes; this could lead to a Liberal-National alliance.

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What is the immediate impact of the Nationals' victory in Albany on the WA Liberals' prospects, and what specific actions are required to alter their current position?

After a recount, the Nationals won the Albany seat, dealing a blow to the WA Liberals' bid for opposition status. The Liberals now need to win the Kalamunda seat to achieve this; their candidate leads by only 64 votes. This narrow margin necessitates an automatic recount, highlighting the seat's highly contested nature.

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