Rex has found a buyer in US company Air T<\/b><\/a>, after the airline entered voluntary administration last July.<\/p>\n“The federal government and its support of the potential buyer have ensured the protection of thousands of jobs and critical infrastructure for regional Australia, but it must attach conditions of decent jobs and guarantees of routes and services to this support,” the TWU said in a statement.<\/p>\n
“With little known about Air T\u2019s plan for Rex’s critical routes, there are still significant questions here around jobs and the continuation of services long-term,” said the union’s national secretary Michael Kaine<\/b>.<\/p>\n
The TWU says bargaining is ongoing for Rex ground workers.<\/p>\n
2h agoTue 21 Oct 2025 at 10:53pm’Plenty of money to be made from desperate governments’: Alan Kohler on the US-Australia minerals deal![\"David](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/lcimg-b66ce72d-29b3-4a93-9314-8dc821cb619d.jpeg\")
<\/p>\n
The critical minerals deal that Australia struck with the United States has been hailed as a diplomatic win for Anthony Albanese.<\/p>\n
The prime minister says the agreement includes investment plans for projects in Australia worth up to $US13 billion ($US8.5b).<\/p>\n
The objective of this deal is to provide the US with an alternative source of rare earth minerals (in time).<\/p>\n
However, China will continue to have a virtual monopoly over the world’s supply and processing of these commodities which are crucial for the manufacture of missiles, electric vehicles, computers \u2014 basically anything that runs on power.<\/p>\n
Alan Kohler filed this report about how it could take decades<\/b> for this deal to pay off.<\/p>\n
Loading…3h agoTue 21 Oct 2025 at 10:33pm’Flood risk’ properties are worth $42 billion less: PropTrack and Climate Council report<\/p>\n
PropTrack and the Climate Council have published a report showing the impact of floods on housing values.<\/p>\n
More than two million homes (or 17%) of Australia\u2019s residential properties face varying degrees of “flood risk”, according to their research.<\/p>\n
At least 70% of those properties have seen their values drop.<\/p>\n
Collectively, in regions where floods caused property values to fall, their values are $42.2 million less compared to what they would’ve been if there were no flood risk.<\/p>\n
“The largest share of homes in areas exposed to flood risk nationally are situated in Queensland (40%), followed by New South Wales (30.1%),” the report found.<\/p>\n
The researchers also found that while flood-prone home values increase over time, they “often do so from a lower base and at a slower pace”.<\/p>\n
One of the report’s key researchers, Climate Council economist Nicki Hutley, spoke about the findings on Radio National Breakfast this morning.<\/p>\n
If you’d like to hear more, I can certainly recommend listening to her interview with the program’s host Sally Sara.<\/p>\n
3h agoTue 21 Oct 2025 at 10:11pmIndustry warns building houses in Australia slower than it was a decade ago, construction targets missed<\/p>\n
Addressing planning constraints and investing in skilled labour is essential as Australia continues to fall behind in its aim to build 1.2 million homes in five years, construction industry experts say.<\/p>\n
Analysis of the latest Australian Bureau of Statistics (ABS) building activity by Master Builders Australia shows building a new detached house is 35.8 per cent slower than it was a decade ago.<\/p>\n
Since 2014-15, time frames for apartments and townhouses have ballooned even further, with an increase of 54.1 per cent and 27.6 per cent respectively.<\/p>\n
For more, here’s the story by Claudia Williams:<\/p>\n
3h agoTue 21 Oct 2025 at 9:53pmMiners confident China’s stranglehold on rare earths can be broken<\/p>\n
The bosses of Australia’s critical minerals and rare earths miners couldn’t be happier after Anthony Albanese’s meeting with Donald Trump yesterday resulted in a signed deal.<\/p>\n
Both Australian and the United States have committed at least $US1 billion to develop projects in the next six months, and pledged a combined investment of $US8.5 billion over the longer term.<\/p>\n
The objective is to erode China’s dominance of the world’s critical minerals market (eventually).<\/p>\n
Our chief business correspondent Ian Verrender joined The Business host Kirsten Aiken to unpack the deal in last night’s episode.<\/p>\n
Kirsten also interviewed the CEOs of Arafura Rare Earths (Darryl Cuzzubbo), Australian Strategic Minerals (Rowena Smith) and PLS, formerly known as Pilbara Minerals (Dale Henderson).<\/p>\n
Loading…4h agoTue 21 Oct 2025 at 9:40pmOuter suburban property markets are booming: Cotality report![\"David]()
<\/p>\n
Cotality’s latest report also shows\u00a0seven-figure property price tags becoming increasingly common outside traditional prestige areas.<\/p>\n
The report found that properties with a seven-figure price tag accounted for 30.8% of the national sales<\/b> over the year to September, more than double the 15.2% they comprised in the same period in 2020<\/b>.<\/p>\n
Cotality economist Kaytlin Ezzy\u00a0said the million-dollar benchmark is losing some of its relevance as membership in the seven-figure club reaches record highs.<\/p>\n
“Five years ago, just 14% of Australian suburbs were members of the million-dollar club, with the majority concentrated in Sydney\u2019s prestigious Northern Beaches, Eastern Suburbs, and North Sydney and Hornsby regions,” she said.<\/p>\n
And while these outer ring areas also have there fair share of million dollar properties, not all centres are booming.<\/p>\n
At the other end of the spectrum, Regional Victoria was the only capital city or state region to record a net decline in million-dollar markets.<\/p>\n
In September, only 11 of 278 suburbs analysed had a median value at or above the $1 million mark, one suburb fewer relative to this time last year.<\/p>\n
4h agoTue 21 Oct 2025 at 9:29pmA third of Australia property markets now worth $1 million or more![\"David]()
<\/p>\n
Cotality has published its latest Million Dollar Markets Report.<\/p>\n
Among the report\u2019s key findings:<\/p>\n
\n- One in three\u00a0property markets\u00a0across Australia now have a median value of $1 million or more (a new record-high).<\/li>\n<\/ul>\n
\n- The number of million-dollar suburbs has surged\u00a0143% over the past five years.<\/li>\n<\/ul>\n
\n- Brisbane led the capitals and rest of state regions,\u00a0recording the\u00a0largest net change in million-dollar markets over the year.<\/li>\n
- This was followed closely by Sydney (where 70% of its property markets now exceed the $1 million median).<\/li>\n<\/ul>\n
\n- Despite the rise in million-dollar markets,\u00a0affordability and equality are worsening.<\/li>\n<\/ul>\n
The report notes that a household on an average income with a 20% deposit would need to\u00a0spend over 50% of pre-tax earnings\u00a0to service a mortgage on a $1 million home.<\/p>\n
4h agoTue 21 Oct 2025 at 9:12pm<\/p>\n
Critical minerals recap and Melbourne’s property market: Alan Kohler’s finance report<\/p>\n
In case you need a refresher on what’s happening with shares of Australia’s critical minerals and rare earths companies, I can certainly recommend Alan Kohler’s finance report.<\/p>\n
Alan also had an interesting chart on how Melbourne is “leading the nation” when it comes to housing affordability – ie. property values going almost nowhere.<\/p>\n
\n“For the past four-and-a-half years, Melbourne house prices have been unchanged, while the national median has gone up about 30%,” he said.<\/p>\n
“All we need now is for the rest of the country to follow Melbourne’s lead and for housing to be a bad investment<\/b>.”<\/p>\n<\/blockquote>\n
Loading…<\/p>\n
4h agoTue 21 Oct 2025 at 9:02pm<\/p>\n
Critical minerals industry cheers US-Australia deal that will ‘encourage greater investment’<\/p>\n
Australia’s critical minerals industry has broadly welcomed the wide-ranging rare earths deal struck between the US and Australia, as analysts say it will strengthen the rare earths supply chain outside of China.<\/p>\n
The US and Australia will each invest at least $US1 billion ($1.5 billion) over the next six months to unlock an $US8.5 billion pipeline of critical mineral projects in an attempt to shake China’s global dominance.<\/p>\n
The Minerals Council of Australia says the US-Australia Critical Minerals Framework would encourage greater investment in Australian mining and processing.<\/p>\n
Analysts at UBS say the “landmark” framework “continues the way for a re-emergent \u2026 rare-earths supply chain” outside of China.<\/p>\n
However, the investment bank analysts did point out a lack of detail in the announcements, saying “project specifics are so far elusive”.<\/p>\n
For more, here’s the story by Yiying Li and Emily Stewart:<\/p>\n","protected":false},"excerpt":{"rendered":"2h agoTue 21 Oct 2025 at 11:13pmMarket snapshot ASX 200: -0.6% to 9,037 points Australian dollar: -0.4% to…\n","protected":false},"author":3,"featured_media":50000,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[17705,37830,64,9400,9401,135,17709,2274,67,132,68,37831,3642],"class_list":{"0":"post-322621","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-asx","9":"tag-aud","10":"tag-business","11":"tag-dow-jones","12":"tag-gold","13":"tag-markets","14":"tag-nasdaq","15":"tag-sp-500","16":"tag-united-states","17":"tag-unitedstates","18":"tag-us","19":"tag-usd","20":"tag-wall-street"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115415291890020465","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/322621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=322621"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/322621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/50000"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=322621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=322621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=322621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Yiying](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/08\/lcimg-fd731455-4dce-4016-8b68-e56eb091d550.jpeg\")
<\/p>\n![\"\"](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/10\/lcimg-4bd2803e-e20b-4039-9bf9-5320e8f8e06d.png\")
(Canstar.com.au)<\/p>\n![\"A](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/10\/lcimg-a7b3a315-94d0-4a95-8f8f-76bac5d5d32a.jpeg\")
Energy stocks are among today’s best performers. (Refinitiv)1h agoWed 22 Oct 2025 at 12:02amAustralian market’s losses worsen, ASX down 1%![\"A](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/10\/lcimg-4aa859d1-1d70-4e00-ae01-ec757eecbac5.jpeg\")
Australian gold stocks remain near record highs. (Refinitiv)1h agoTue 21 Oct 2025 at 11:43pmASX gold miners plunge, partly due to optimism about US-China trade talks![\"A](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/10\/lcimg-e1948ec2-3a6f-407e-a77e-36495818c9c3.jpeg\")
Gold mining stocks are falling sharply. (Refinitiv)<\/p>\n![\"Stephanie](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/lcimg-38467754-a5e6-4c2e-97bd-ca15b178ac9c.jpeg\")
<\/p>\n