News
Yarra Residents Left Stranded as Operators Withdraw
E-scooters have temporarily disappeared from the streets of Yarra after major operators Lime and Neuron withdrew due to a significant fee increase by the council. Despite the inconvenience, the council remains confident that a new e-scooter provider will be secured through a tender process in September.
Suburban Rail Loop's Viability in Doubt as Infrastructure Australia Raises Concerns
The Suburban Rail Loop's first stage faces viability concerns due to cost escalation, unrealistic funding assumptions, and an incomplete business case, according to Infrastructure Australia. The opposition calls for pausing the project, while the government maintains its commitment, emphasizing its transformative potential.
CEP to Continue Despite Delays and Funding Concerns
Queensland's new Health Minister, Tim Nicholls, has confirmed the continuation of the Capacity Expansion Program (CEP), which aims to deliver 2,200 extra hospital beds by 2028, despite concerns over cost and timing blow-outs. The program includes the construction of a new 120-bed hospital in Bundaberg, which has faced delays and funding uncertainties.
Long-Term Leases in the Spotlight as REIV Proposes Tax Reforms
Victorian landlords are accusing real estate agents of discouraging long-term leases, while the REIV proposes tax reforms to incentivize longer leases and alleviate pressure on rental providers. This comes amid concerns about rising land taxes and the need for greater stability in the rental market.
Australian Government Announces Major Reduction in Prescription Medication Costs
The Australian government's plan to slash the cost of most PBS medications to a maximum of $25 from January 2026 is expected to save Australians a combined $200 million annually. This significant reduction in medication costs aims to alleviate the financial burden on Australians struggling with the rising cost of living and improve healthcare affordability.