Monday: Five of the country’s eight capitals are reporting house price falls on par with the start of the GFC. Plus: the most ridiculous Australian reality TV shows
Australia swimmer Emma McKeon competes at the Birmingham 2022 Commonwealth Games. Photograph: Al Bello/Getty ImagesFive of the country’s eight capitals are reporting house price falls on par with the start of the GFC. Plus: the most ridiculous Australian reality TV showsood morning. Property prices are falling at rates comparable to the onset of the global financial crisis or the 1980s downturn as interest rate rises bite. Australia faces an “alarming” gas shortfall.
Australia is facing a gas shortfall next year unless the big three exporters keep some of their uncontracted liquefied natural gas for the domestic market. In its gas inquiry 2017-25 interim report released today, the Australian Competition and Consumer Commission said the east coast gas market was facing a gas shortfall of about 10% of annual domestic demand, “signifying a substantial risk to Australia’s energy security”.
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