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The Latest Breaking News from Peter Hannam

NSW floods: thousands evacuated from rising waters as Sydney braces for more wild weather

East coast low weakening, but up to 100mm of rain expected to lash Sydney on Monday morning

The Guardian - AU

Sydney flooding: communities evacuated and residents rescued as torrential rain batters region

NSW State Emergency Service issues emergency alert text messages as severe weather threatens low-lying areas

The Guardian - AU

Sydney and Melbourne set to lead property price tumble, with other cities to follow

As interest rates rise, prices are already down 3% in Sydney and 1.8% in Melbourne, with other capitals tipped to follow suit

The Guardian - AU

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‘Pandora’s box’: experts say Queensland’s windfall from coal royalties could set a precedent

Industry and analysts predict budget measure could provide billions in additional revenue

The Guardian - AU

ASX: Australian stocks close almost 3.6% down after global sell-off on inflation fears

Benchmark ASX200 index closes 246 points lower, after falling 360 points in the first 15 minutes of trading on Tuesday

The Guardian - AU

Power shortages could hit eastern Australia as energy market operator scrambles to avoid outages

Aemo cancels alert on potential blackouts in Victoria but electricity shortfalls forecast to continue in Queensland and New South Wales

The Guardian - AU

Double-digit drops in capital city property prices likely after RBA rate hikes

Borrowers may find themselves in a ‘mortgage prison’ but low jobless rate means most households should still be able to pay off their loan, experts say

The Guardian - AU

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First homebuyers will likely be hit hardest by Australia’s interest rate rises

Analysts warn economic consequences of RBA’s ‘blunt instrument’ attempt to limit inflation will fall disproportionately on outer suburbs

The Guardian - AU

Interest rates: RBA weighs up risk of ‘climb shock’ ahead of decision

Economists split on how much Reserve Bank will lift cash rate on Tuesday as it looks to rein in inflation

The Guardian - AU

Bumper Australian crops unlikely to provide relief at the cash register

Despite farmers planting a record 24m hectares this year, higher fuel and fertiliser costs mean produce prices will remain high

The Guardian - AU

Jim Chalmers banks on capital spending to help ease cost-of-living crisis

New treasurer says Labor is ‘not contemplating’ extending fuel excise cut or low and middle income tax offset

The Guardian - AU

More floods forecast for Australia’s east as La Niña weather pattern lingers

Bureau of Meteorology climate report points to big wet in NSW and Queensland extending for months

The Guardian - AU

Supply chain delays and steel costs are part of ‘perfect storm’ stalling renewable energy growth

Covid disruptions in China and rising costs are affecting supplies of solar panels and wind turbine parts, while domestic energy prices climb

The Guardian - AU

Market response to Australia’s new Labor government will be ‘muted’, economists say

Analysts say election of Albanese government will not ‘shift the dial’ on economic forecasts

The Guardian - AU

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The Guardian - AU

Coalition super housing policy likely to inflate prices by increasing demand, analysts say

Saul Eslake points to ‘unambiguous and unequivocal evidence’ showing such policies lift prices rather than home ownership

The Guardian - AU

Markets turmoil and interest rate rises: the economic challenges facing Australia after the election

Soaring energy costs, stagflation fears and calls for higher wages are just some of the bumps in the road awaiting a new or returned government

The Guardian - AU

‘Over-the-top alarmism’: economists dismiss concerns wage rises cause inflation

Australia’s minimum wage is shrinking compared to median pay, bucking global trends

The Guardian - AU

Shock interest rate rise shows Australia’s economic exceptionalism is fading

RBA’s decision is, in the words of one economist, ‘a radical revision’. Could this turn a plateauing of property prices into a rout?

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The Guardian - AU

Australia braces for more wet weather with above-average rainfall predicted through winter and into spring

Landscape ‘primed for flooding’ with dams at capacity after back-to-back La Niña events

The Guardian - AU

Consumer inflation tipped to hit 4.5% in March as Australian cost of living soars

Petrol, produce and mortgage costs are rising powered by pandemic shortages, flood damage and the war in Ukraine

The Guardian - AU

Australian wholesale power costs soaring despite Morrison government’s budget claims

Spike in prices in part caused by coal-fired power plants cutting output, says analyst

The Guardian - AU

Australia’s March unemployment rate steady at record low 4%, despite expectations of fall

Australia’s economy added more than 20,000 new jobs in March, as experts warn of workforce shortage

The Guardian - AU

Ukraine president addresses parliament; Putin a ‘war criminal’, PM says – as it happened

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The Guardian - AU

Worst could be yet to come for flood-hit areas – as it happened

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The Guardian - AU

Australia’s budget is banking on wages outpacing inflation and interest rates, but not by too much

Analysis: The Coalition is relying on an assumption that handouts including fuel excise relief won’t fan inflation

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