Australian treasurer, MP for Rankin since 2013
Israel and the UK see prices and rents easing in parts of their markets, while Australia faces affordability limits. Across regions, supply gaps and policy shifts are shaping buyer and renter behavior amid geopolitical tensions and rising rates.
Oil prices are lifting inflation pressures while central banks hold rates at current levels. Recent data show jobs strength and firmer services costs, prompting caution on policy paths amid war-linked supply disruption.
The IMF has stressed that high oil prices and Middle East tensions threaten global growth, while the world’s two largest economies maintain dialogue. IMF officials say energy costs are lifting near-term inflation expectations but medium-term inflation expectations remain anchored, and financial conditions are still accommodative.
Australian Prime Minister Anthony Albanese has apologised unequivocally for comments made on the Bush Deep podcast in which he said he would marry, shag and date Kylie Minogue. The remarks have drawn criticism from opponents and support from some allies. The government defends its record on gender equality as scrutiny continues.