News
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.
A Feasible Alternative? Addressing Social Concerns and Leveraging Technology
Syncline Energy proposes a 250km underground transmission line from Charlton to Melbourne, potentially delaying controversial projects like WRL and VNI West. The proposal faces challenges but has garnered support from landowners and experts who see it as a feasible and socially responsible alternative.