AGP Executive Report
Last update: 9 hours agoHousing Crisis: NAB’s Sally Auld says Australia’s housing problems will take “a generation” to fix, warning price falls won’t solve affordability without sustained supply growth. Construction Costs: The Iran war is feeding through to building materials, with the Housing Industry Association reporting construction prices jumped 2.1% nationally—the biggest rise in almost four years. Property Tax Backlash: Industry groups warn governments’ “addiction” to property taxes is crushing builders and worsening housing supply, as tax settings and costs pile pressure on development. Credit Card “Loyalty Tax”: CBA and Westpac are still charging overlimit fees to long-term customers via a legal loophole, despite the fees being banned for newer accounts. EV Shift: VFACTS shows battery electric vehicles outsold petrol and diesel in Australia for the first time in August, with electrified cars now over half the market. ASX/FX: Wall Street climbed on big tech and easing bond yields, lifting sentiment for the ASX; the Aussie dollar is around US72c. Climate Policy: The federal government published voluntary climate transition planning guidance built around a four-stage cycle, aimed at good practice for net-zero transition planning. Energy/Geopolitics: Oil prices near $95 as US-Iran tensions escalate, raising supply-risk concerns. Pacific Security: Australia’s PM pushes back on normalising missile tests in the nuclear-free Pacific, with rare dissent recorded at Pacific leaders’ talks.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.