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Is Australia heading for a French-style debt crisis?

Phil Tarrant and Liam Garman compare France's fiscal position with Australia's, arguing the tax and spending settings here are closer to breaking point than most Australians assume. They also cover the ATO's approach to small business, new underquoting and auction disclosure rules in NSW and Victoria, and what the SMSF residential ban has done to development pipelines.

Friday 30 October 2026 49:58

Daily Brief · Tuesday 3 November

Fastest price falls in 40 years, and the RBA is set to hike again

Cotality says values have fallen for a seventh month, Westpac tips an 11 per cent slide, and the RBA hands down its fifth decision of the year today.

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  1. prices

    Seventh straight monthly fall, with Brisbane and Perth leading

    Guardian Australia

  2. rates

    RBA tipped to hike a fifth time, taking the cash rate to a 2008 high

    Guardian Australia

  3. rates

    Westpac forecasts an 11 per cent house price fall as profit hits $6.8bn

    Nine

  4. lending

    Almost 25,000 households flagged as facing mortgage default

    REA Group

  5. prices

    Brisbane clinging to million-dollar median by $14,000

    REA Group

  6. notable sale

    House packed with books, pigeons and snakes heads to auction

    REA Group

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20k Perth homes are underwater, Some could fall 40%
43:33

20k Perth homes are underwater, Some could fall 40%

Phil Tarrant and Liam Garman work through the spread of negative equity, from 20,000 Perth homes reportedly worth less than owners paid to a harbourside Sydney listing that was offered $28 million pre-budget and is now guiding $20 million plus. They also cover revised bank and economist forecasts, the unintended consequences of the trust and negative gearing changes for builders, falling first home buyer numbers, and One Nation's pledge to restore the CGT discount on two investment properties.

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