Australia’s property investor borrowing rises at fastest rate in a decade - despite interest rate rises 04. May 2026 (17:00) Owner-occupier mortgage growth slowed under growing costs while investor loans grew by $42bn in the year to March, a 9.6% increaseGet our breaking news email, free app or daily news podcastProperty investor borrowing rose at its fastest rate in a decade in March, according to the Reserve Bank, despite higher interest rates and speculation about property tax changes.Owner-occupier loan growth slowed under the weight of growing mortgage costs but investor lending is continuing its record surge. Continue reading...(The Guardian)
Thousands of Just Eat couriers launch legal action to improve workers’ rights 04. May 2026 (17:00) More than 7,000 join employment tribunal that will include claims for minimum wage and holiday pay More than 7,000 Just Eat couriers are taking legal action against the food delivery company in an attempt to gain better employment rights including the minimum wage and holiday pay.The employment tribunal, which begins on Tuesday and is set to run until 2 June, will determine if the couriers are classed as workers, a status that comes with improved rights, or self-employed independent contractors. Continue reading...(The Guardian)
One in four humanities students in Australia to take more than 25 years to pay off student loans, treasury finds 04. May 2026 (17:00) Job ready graduates program will also leave almost two-thirds of humanities and creative arts students with debts exceeding $50,000Get our breaking news email, free app or daily news podcastOne in four humanities students will take more than 25 years to fully repay their student loans because of Morrison government changes to university fees, newly public Treasury modelling reveals.The job ready graduates program, introduced in 2021 under the former prime minister Scott Morrison, will also leave almost two-thirds of humanities and creative arts students saddled with debts exceeding $50,000. Continue reading...(The Guardian)
Albanese won’t bring in a gas export tax next week – but he’ll struggle to hold off pressure forever 04. May 2026 (17:00) The PM is clearly not prepared to risk backlash from Asian energy trading partners during a fuel crisis – but his government will face domestic challenges if it doesn’t move eventuallyGet our breaking news email, free app or daily news podcastTwo separate events on Monday – one in rain-soaked Canberra, the other in sunny Gladstone – neatly explain why the federal government won’t pursue a new gas export tax in next week’s budget and why it might have no choice but to do so in the future.In the nation’s capital, Anthony Albanese hosted his Japanese counterpart, Sanae Takaichi, for annual leaders’ talks that coincided with the 50th anniversary of the signing of a landmark treaty between the two nations. Continue reading...(The Guardian)
Shipping firms question safety in strait of Hormuz despite Trump plan 04. May 2026 (16:51) President says US navy will ‘guide’ stranded ships out of waterway but report says warship was hit by IranMiddle East crisis – live updatesThe world’s shipping industry has questioned whether vessels will be able to travel safely to and from the Gulf after Donald Trump announced his latest plan to open the strait of Hormuz.Trump wrote on Monday that the US navy would “guide” stranded ships out of the waterway, writing on his social media site Truth Social that the operation, “Project Freedom”, would be a humanitarian gesture “on behalf of the United States, Middle Eastern Countries but, in particular, the Country of Iran”. Continue reading...(The Guardian)