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Australia

‘Most expensive Macca’s meal’ costs Darwin passenger more than $2600

Two egg and sausage McMuffins and a ham croissant has cost an Australian-bound passenger $2664, as the nation’s biosecurity remains on high alert for fear of foot and mouth disease.

The passenger, arriving from Indonesia, allegedly provided a false and misleading document and failed to declare the potential high biosecurity risk item.

The three items were sniffed out by Darwin’s new biosecurity detector dog Zinta last week.

They will be tested for foot and mouth disease before they are destroyed.

Agriculture Minister Murray Watt said not only was not declaring food items a crime, it threatened Australia’s status as being foot and mouth disease – which has torn through Indonesia’s cloven hoofed animals – free.

A passenger has been fined more than $2664 for failing to declare their McDonalds meal and a ham croissant.
Camera IconA passenger has been fined more than $2664 for failing to declare their McDonald’s McMuffins and a ham croissant. Credit: Supplied

“This will be the most expensive Macca’s meal this passenger ever has,” Senator Watt said.

“This fine is twice the cost of an airfare to Bali, but I have no sympathy for people who choose to disobey Australia’s strict biosecurity measures, and recent detections show you will be caught.

“Australia is FMD-free, and we want it to stay that way.

“Biosecurity is no joke – it helps protect jobs, our farms, food and supports the economy. Passengers who choose to travel need to make sure they are fulfilling the conditions to enter Australia, by following all biosecurity measures.”

ALL STATE TREASURERS MEETING WITH FEDERAL TREASURE
Camera IconAgriculture Minister Murray Watt said Australia was taking foot and mouth disease seriously. NCA NewsWire / Sarah Marshall Credit: News Corp Australia

Zinta’s discovery of the products comes as Indonesian authorities say they have foot and mouth disease under control in four provinces, including in Bali.

Last month the federal government announced a $14m package to roll out more frontline defenses in protecting from foot and mouth disease, including biosecurity dogs at Darwin and Cairns airports.

The government also rolled out sanitation foot mats at all international airports.

Australia has also dispatched support for Indonesia and other countries.

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Categories
Australia

Helping young people who have experienced trauma get into the workforce

For 25-year-old Alana Cook, the thought of going into a business and asking for a job was scary.

“You read job applications and you’re like ‘There is no way that I’m ever going to get a job like that’,” she said.

When Ms Cook finished high school, she felt lost. She was living at home where she experienced issues with family and domestic violence.

A recommendation for her to go and live at the Youth Foyer in Shepparton, which provides safe and secure accommodation for young people who are unable to live at home, changed everything.

“I’ve never had that much support before. It was unusual for me for people to say, ‘Do you need help? Do you need anything?'” she said.

three women sitting at a bench in a park
Sarah Norris and Lisa Kerr hope that hearing about Alana Cook’s experience will help businesses better engage with the city’s young people.(ABC Shepparton: Courtney Howe)

The Foyer introduced Ms Cook to Jenny Foott from Foott Waste Solutions, which took the pressure off her needing to approach the business by herself.

“I didn’t have an interview,” Ms Cook said.

“I had a conversation with her explaining my situation and she explained the expectations that she had and that was a way of understanding both of our needs and where we could meet in the middle.”

Ms Cook said that conversation led her to work one day a week at Foott Waste and had given her the confidence to go after more jobs, while she undertook full-time study at Latrobe University in Shepparton.

Bringing employers and young people together

Ms Cook and Ms Foott will speak about their experience at a Youth Employment Summit this week in Shepparton, which will bring local businesses together to hear how they can attract and retain young people.

Sarah Norris is the senior youth investment coordinator with Better Futures and the Education First Youth Foyer Shepparton and is one of the people behind the summit.

Ms Norris said the idea was to help employers understand the issues being faced by young people in Shepparton, particularly those who had experienced trauma.

“A lot of people have experienced some form of stress themselves and they hopefully have not experienced significant trauma, but they’ve felt that stress and we all know how we personally react,” she said.

“I think in the cohorts that I work with it can manifest in different ways and sometimes the behavior that is demonstrated, which is just a symptom of the trauma and stress, can be interpreted incorrectly.”

Ms Norris said businesses were screaming out for workers and there were plenty of young people who wanted to stay and work in Shepparton.

“It’s about helping those employers tap into those resources and tap into young people who want to stay in Shepparton. They’re comfortable here, this is their home, this is their community, and we want to grow that.”

Shops down a street
Sarah Norris says Shepparton businesses are crying out for workers.(ABC Shepparton: Courtney Howe)

Strong interest from business community

Lisa Kerr from the Goulburn Murray Local Learning and Employment Network said there had been strong interest from businesses for the event.

She said there were many businesses in Shepparton that were finding ways to work with young people, and they hoped they could use those examples to show others what was possible.

“Whether it be some employment programs that they’re able to bring in or even just speak with their staff around expectations and coaching them a little bit,” Ms Kerr said.

“The idea is to showcase some of those businesses that are doing that, that are really open to embracing that in the workplace and realizing that things have changed over the past few years, and they have to be flexible and look at different ways that they can be included in their workplace.”

Ms Cook hoped sharing her experience would encourage other businesses to sit down and start a conversation.

“Be open to young people, have a conversation,” she said.

“You don’t always know what they’re experiencing or have experienced yourself, but some level of understanding and compassion is needed.”

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Categories
US

University instructor charged in shooting death of student

CARROLTON, Ga. — A university instructor in Georgia has been charged with killing an 18-year-old student who was fatally shot while sitting in a car.

The Carrollton Police Department said in a news release that Richard Sigman, 47, is charged with murder and aggravated assault for the shooting death of Anna Jones, 18. Police said they believe Jones was killed when Sigman shot into a parked car following an argument with a man at a pizza restaurant. The shooting happened shortly after midnight Saturday.

Police said a man told security that Sigman had threatened to shoot him during an argument, and security then asked Sigman to leave. Investigators believe when Sigman left, he walked to the parking deck and started shooting into a parked vehicle, hitting Jones. Friends drove Jones to a hospital where she was pronounced dead, police said.

It is not immediately clear if Sigman has a lawyer to speak on his behalf.

The University of West Georgia told news outlets in a statement that Sigman’s employment has been terminated. A current course catalog listed Sigman as a lecturer in business administration.

The university said Jones was a student at the university.

“On behalf of the university, we wish to convey our deepest condolences to Anna’s family and many friends. We know this news is difficult to process and affects many members of our university community. We ask that you keep Anna’s family, friends, and all who have been touched by this tragedy in your thoughts during this tremendously difficult time,” University of West Georgia President Dr. Brendan Kelly said in the statement.

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Categories
US

Republican nominee for Maryland attorney general hosted 9/11 conspiracy radio shows



CNN

The Republican Party’s nominee for Maryland attorney general hosted a series of five radio shows in 2006 devoted to arguing in support of 9/11 conspiracy theories questioning if the terror attack was the work of an “elite bureaucrat” who had demolition charges in every building in New York City and even suggesting if those who died after a hijacked plane hit the Pentagon were killed elsewhere.

Michael Peroutka, a candidate best known for his ties to neo-Confederate organizations, made the remarks on The American View, a radio show he co-hosted, in October 2006 while discussing the fifth anniversary of the September 11, 2001, terrorist attack.

“What happened on 9-1-1, I told you that I had been doing some research and watching some videos,” Peroutka said during one of the episodes reviewed by CNN’s KFile. “And I said that if the buildings in New York City, the World Trade Center buildings, came down by demolition charges – that is to say – if there was this evidence that there was that something was preset there, then the implications of that are massive,” said Peroutka.

“I’ve been doing some reading and doing some studying, and I believe that to be very, very true,” he added, before further suggesting the work was done by controlled explosives.

“The other thing that just is so striking to me, I can’t get it out of my brain, and that is the vision of Building 7 falling faster than the speed of gravity, right? Building 7, which no plane hit,” said Peroutka. “And all of a sudden Building 7 falls, very consistent with what they call controlled demolitions or controlled charges because that building from the top down falls faster than if you had thrown a hammer off the top of the building.”

Peroutka’s comments echo the widely debunked conspiracy theory that the Twin Towers and 7 World Trade Center, the smaller building within the vicinity of the towers, were wired with explosives and detonated in a series of controlled demolitions.

The Twin Towers collapsed after terrorist-hijacked plans intentionally crashed into the North Tower and then the South Tower, killing 2,753 people. Nearby “Building 7” suffered intense and uncontrollable fires after debris from the North Tower hit the building, causing a chain reaction that led to the building’s collapse, according to a study published in 2008 by the National Institute of Standards and Technology.

Peroutka went even further with his conspiratorial logic, speculating that every building in New York City could have preset charges awaiting detonation by some “elite bureaucrat.”

“That begs the question that if there are preset charges in Building Seven, what’s to stop there for being preset charges in Buildings 1, 2, 8, 9, and 27?” said Peroutka. “Are there charges in every building in New York City? Is everyone ready to be brought down whenever some elite bureaucrat decides that he’s gonna pull it?”

Peroutka also called the 9/11 terrorist attacks an “inside job,” saying “you can’t have an explosion in the basement that’s done by the hijacker on the airplane” and claimed that the official account of the 9/11 attack was the actual “conspiracy theory.”

The campaign did not address Peroutka’s previous conspiracy theories when asked for comment, but Macky Stafford, Petroutka’s campaign coordinator, told CNN in a statement that the “primary election results demonstrate that Maryland Republicans are dissatisfied with their current leadership.”

But outgoing Maryland GOP Gov. Larry Hogan called out Peroutka on Sunday, saying, “These disgusting lies don’t belong in our party.”

“We know who was responsible for 9/11. Blaming our country for Al-Qaeda’s atrocities is an insult to the memory of the thousands of innocent Americans and brave first responders who died that day,” Hogan tweeted.

Peroutka previously ran for president in 2004 as the nominee of the Constitution Party. During that campaign, Peroutka posted on his website an endorsement from the League of the South – a new-Confederate organization that advocates southern secession. He’s homepage for his campaign prominently featured a Confederate flag linking to “Southerners for Peroutka” whose homepage had a large Confederate flag displayed over the Capitol saying, “We have a dream.” He also promoted his candidacy to the Council of Conservative Citizens, according to copies of their newsletter obtained by CNN. The CCC is a self-described White-rights group that opposes non-White immigration and advances White nationalist ideology.

Peroutka will face Democratic Rep. Anthony Brown in the general election this November. If elected, Brown would be the first Black attorney general in the state. Maryland has not had a Republican attorney general since 1952, when one was appointed; the last Republican attorney general elected in the state was in 1919.

In other episodes of Peroutka’s radio show reviewed by CNN’s KFile, Peroutka also cast doubt that the Pentagon was hit by American Airlines Flight 77, asking where the video is showing this “incoming attack, plane or missile,” later saying that it is “very plausible that a missile that looked like a plane hit the Pentagon.”

Peroutka even questioned whether remains of the deceased were found at the Pentagon, suggesting they were killed elsewhere. He said he had seen “no evidence” of any bodies or luggage to his late co-host and former presidential campaign adviser, John Lofton.

Lofton said, “Ah, but see the missile thing. Then you gotta count for the remains and the body parts and show how all those people got inside the missile. How all those passengers–”

“I saw the pictures. There was, there was nothing that looked like a body or luggage or anything in there,” Peroutka interrupted. “And the pictures that I saw – if there are pictures, John – that show body parts or luggage or even a seat of an airplane that’s consistent with Flight 77, that particular airplane. If there’s anything that’s consistent with that, I haven’t seen a picture of it.”

Shortly after, Lofton said, “If I can produce for you a person who was a friend or loved one of one of the passengers that perished on that plane that hit the Pentagon, that says, ‘Yes, we got remains back from our loved one or friend.’ Will that impress you?”

“No, absolutely not,” replied Peroutka. “Where did the remains come from? I’m not disputing that the people died.”

“Unless a plane hit the Pentagon, how would the remains of anybody on that flight get into the Pentagon?” asked Lofton.

“I didn’t say they got into the Pentagon. I couldn’t see them in the Pentagon. There wasn’t any – I’ve never seen any evidence that anything like a body or a passenger or passenger’s luggage or anything that’s consistent with the Flight 77 is in the Pentagon. If there are such pictures, I’d like to see them. Now, you could clearly understand that somebody whose loved one was lost on that plane, very possibly, could have gotten some piece of forensic evidence that indicated that their loved one was in fact deceased. But who says that came from the Pentagon?”

Peroutka then said this was the first time he had heard that the remains of the deceased were found at the Pentagon.

American Airlines Flight 77 was hijacked by five terrorists on September 11, 2001, and deliberately crashed into the Pentagon, killing all 64 people on board and another 125 people in the building.

This story has been updated with additional reaction.

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Categories
Entertainment

Yungblud sparks emo-mania on Hay Street at Culture Kings meet and greet

Emo mania swept Perth on Saturday as British punk rock sensation Yungblud visited streetwear store Culture Kings for a lively meet and greet.

A diverse crowd of more than 600 lined the streets, with some fans only eight years old and another brave enough to ask the musician to autograph their chest for a tattoo.

Lara Smith, 18, made the peculiar request to which the award-winning artist happily delivered and signed away.

British Punk Rocker Yungblud has met fans at Culture Kings in Perth.  Pictured is Yungblud with fans Justin Benson-Cooper
Camera IconBritish Punk Rocker Yungblud has met fans at Culture Kings in Perth. Pictured is Yungblud with fans Justin Benson-Cooper Credit: Justin Benson Cooper/The West Australian

The Memories singer, 24, born in Doncaster, England, charmed fans with his English accent and witty jokes. They had waited patiently since 5am that morning ahead of his concert at Astor Theater on Saturday night, marking the last show of his Australian tour.

First in line was eight-year-old Agnes Mallinder and her father Jamie, who had a vinyl record ready for the star, with over 3.7 million Instagram followers, to sign.

British Punk Rocker Yungblood has met fans at Culture Kings in Perth.  Pictured is Agnes Mallinder (8) with her dad de ella Jamie Justin Benson-Cooper
Camera IconBritish Punk Rocker Yungblood has met fans at Culture Kings in Perth. Pictured is Agnes Mallinder (8) with her dad de ella Jamie Justin Benson-Cooper Credit: Justin Benson Cooper/The West Australian
British Punk Rocker Yungblood has met fans at Culture Kings in Perth.  Pictured is Yungblood with fans Justin Benson-Cooper
Camera IconBritish Punk Rocker Yungblood has met fans at Culture Kings in Perth. Pictured is Yungblood with fans Justin Benson-Cooper Credit: Justin Benson Cooper/The West Australian

Twins Harper and Chelsea Koval, 8, donned matching outfits for the special occasion they had “looked forward to months.”

British Punk Rocker Yungblood has met fans at Culture Kings in Perth.  Pictured are twins Harper and Chelsea (8) Koval Justin Benson-Cooper
Camera IconBritish Punk Rocker Yungblood has met fans at Culture Kings in Perth. Pictured are twins Harper and Chelsea (8) Koval Justin Benson-Cooper Credit: Justin Benson Cooper/The West Australian

The big age range of fans proved the English singer has amassed a broad audience here in Western Australia.

Yungblud is not the only Doncaster-native star in town, as former One Direction singer Louis Tomlinson performed at HBF Park on Friday night.

The 30-year-old donned a Burberry sweater as he played some of his biggest solo hits and fan-favorite 1D tracks, before going to an unknown nightclub after the show.

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Categories
US

Manchin declines to say if he wants Dems to retain control

WASHINGTON (AP) — West Virginia Sen. Joe Manchin, one of the Democrats’ most conservative and contrarian members, declined on Sunday to say whether he wants Democrats to retain control of Congress after the November elections.

The senator told NBC’s “Meet the Press” that will be determined by the choices of voters in individual states, rather than his own preferences. He added that people “are sick and tired of politics” and want their representatives in Washington to put country over party.

“I’ve always taken the approach, whoever you send me, that’s your representative and I respect them and I respect the state for the people they send and I give it my best to work with them and do the best for my country,” Manchin said.

Manchin faces reelection in 2024 in a state where Donald Trump prevailed in every county in the past two presidential races, winning more than two-thirds of West Virginia’s voters. But in distancing himself from fellow Democrats, Manchin also tried to decry the rise of partisanship.

“We’re not working for any party. We’re not working for any political idealism,” he said, bemoaning “bickering over political outcomes and who’s going to be in charge of what” at a time of global tensions, war and economic uncertainty fueled by rising inflation.

Manchin was booked to appear on five news shows, the culmination of a high-profile week in which his commitment to Senate Majority Leader Chuck Schumer, DN.Y., revived a package of White House priorities on climate, health care, taxes and deficit reduction. The West Virginia senator torpedoed a larger plan last December and previously lowered expectations about a substantial agreement being reached.

The surprise deal, while more modest than earlier versions, seems to have helped transform Manchin from pariah to partner.

On “Fox News Sunday,” he defended the 15% minimum tax on corporations with $1 billion or more of earnings as closing “loopholes,” rather than an outright tax increase.

Manchin said the plan, the “Inflation Reduction Act,” would help with manufacturing jobs, reduce deficits by $300 billion, lower prescription drug prices and accelerate the permitting process for energy production. These are the kinds of priorities that Republicans have supported in the past, Manchin said.

“We’re doing everything you’ve asked,” Manchin said. “I would hope, and in normal times, this would be a bipartisan bill, but I understand the toxic atmosphere we’re in.”

The Senate is divided 50-50, with Vice President Kamala Harris the tiebreaking vote, giving the Democrats control of the chamber. In the House, Democrats have a 220-211 edge, with four vacancies. But in midterm elections, voters often reject the party that holds the White House, and this year, President Joe Biden’s unpopularity and rising inflation are creating strong headwinds for Democrats.

Manchin demurred when asked on NBC whether he hoped Democrats would keep their majorities in Congress.

“I think people are sick and tired of politics, I really do. I think they’re sick and tired of Democrats and Republicans fighting and feuding and holding pieces of hostage legislation because they didn’t get what they wanted,” he said, adding, “I’m not going to predict what’s going to happen. ”

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Categories
Business

Bunnings Warehouse: What the clear pocket on the front of staff aprons is really used for

A new video by a popular Australian comedian has cast a spotlight over the easy-to-miss detail on the green aprons all Bunnings staff wear.

In his latest video, TikTok star Luke Donkin poses as a Bunnings employee in a fake ad for the hardware giant.

Watch Luke Donkin’s latest Bunnings ad above

For more Lifestyle related news and videos check out Lifestyle >>

The comedian has gained a cult following for his amusing videos promoting leading supermarket and retail stores, including Woolworths, Coles and Kmart.

In this latest video, Donkin questioned the purpose of the clear pockets on the front of the Bunnings apron.

Luke Donkin questioned the purpose of the clear pockets on Bunnings staff aprons in a recent video. Credit: LukeDonkin/TikTok

“I honestly have no idea what this pocket is used for,” he said.

“I’ve always wanted to put like a trail mix in it and then just (motions to eat it) throughout the day.

“But I’d probably get in trouble.”

‘I honestly have no idea what this pocket is used for,’ he said. Credit: LukeDonkin/TikTok

7NEWS.com.au understands that the clear pockets are used to display the Bunnings team member’s name tag – a fact confirmed by many TikTok users.

“It’s for your name badge!” said one.

Another added: “The pockets meant for a name tag but nice idea!”

The clear pockets are used for Bunnings staff member name tags. Credit: Reddit

Aussie comedian shares controversial spoof Woolies commercial

Aussie comedian shares controversial spoof Woolies commercial

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Categories
US

How much will Illinois win owe in taxes?

The billion-dollar Mega Millions jackpot has finally been claimed in Illinois after being purchased at a Speedway gas station in Des Plaines.

But how much of that will end up in the winner’s pocket, and how much will be owed in taxes?

The tax bill depends on whether the Mega Millions winner chooses a cash payout of $780.5 million or annual payments totaling $1.3 billion over 29 years.

Illinois currently contains 24 percent in federal taxes, and 4.95 percent in state income taxes, though that may not be the total tax obligation, depending on the winner’s financial situation.

If the winner decides to take the $780.5 million lump sum, approximately $187.3 million in federal taxes would be withheld, in addition to $38.6 million in state taxes. That would mean an estimated take-home payout of $554.6 million.

If the winner takes the full $1.337 billion in annual installments and tax rates don’t change over the next 29 years, an estimated $320.9 million in federal taxes would be withheld, and an estimated $66.2 in state taxes would be withheld. That would mean an estimated take-home payout of $949.9 million over 29 years.

After taxes, the winning Mega Millions ticket holder will either take a cash payout or annual payments totaling over the next 29 years.
After taxes, the winning Mega Millions ticket holder will either take a cash payout or annual payments totaling over the next 29 years.
Corbis via Getty Images

Although the cash option is more popular, the annuity payments are each 5 percent bigger than the previous one.

“This helps protect winners’ lifestyle and purchasing power in periods of inflation,” the Mega Millions lottery states on its website.

This Mega Millions jackpot is one of the biggest ever after the 2018 South Carolina winner who claimed a $1.537 billion pot.

“Congratulations to the Illinois Lottery for selling the winning ticket for the $1.337 billion Mega Millions jackpot,” Ohio Lottery Director Pat McDonald said in a statement. “We are thrilled to have witnessed one of the biggest jackpot wins in Mega Millions history. We’re eager to find out who won and look forward to congratulating the winner soon! Better still, this exciting jackpot run has had a significant positive impact on the revenues for good causes raised by our member lotteries.”

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Categories
US

How much will Illinois win owe in taxes?

The billion-dollar Mega Millions jackpot has finally been claimed in Illinois after being purchased at a Speedway gas station in Des Plaines.

But how much of that will end up in the winner’s pocket, and how much will be owed in taxes?

The tax bill depends on whether the Mega Millions winner chooses a cash payout of $780.5 million or annual payments totaling $1.3 billion over 29 years.

Illinois currently contains 24 percent in federal taxes, and 4.95 percent in state income taxes, though that may not be the total tax obligation, depending on the winner’s financial situation.

If the winner decides to take the $780.5 million lump sum, approximately $187.3 million in federal taxes would be withheld, in addition to $38.6 million in state taxes. That would mean an estimated take-home payout of $554.6 million.

If the winner takes the full $1.337 billion in annual installments and tax rates don’t change over the next 29 years, an estimated $320.9 million in federal taxes would be withheld, and an estimated $66.2 in state taxes would be withheld. That would mean an estimated take-home payout of $949.9 million over 29 years.

After taxes, the winning Mega Millions ticket holder will either take a cash payout or annual payments totaling over the next 29 years.
After taxes, the winning Mega Millions ticket holder will either take a cash payout or annual payments totaling over the next 29 years.
Corbis via Getty Images

Although the cash option is more popular, the annuity payments are each 5 percent bigger than the previous one.

“This helps protect winners’ lifestyle and purchasing power in periods of inflation,” the Mega Millions lottery states on its website.

This Mega Millions jackpot is one of the biggest ever after the 2018 South Carolina winner who claimed a $1.537 billion pot.

“Congratulations to the Illinois Lottery for selling the winning ticket for the $1.337 billion Mega Millions jackpot,” Ohio Lottery Director Pat McDonald said in a statement. “We are thrilled to have witnessed one of the biggest jackpot wins in Mega Millions history. We’re eager to find out who won and look forward to congratulating the winner soon! Better still, this exciting jackpot run has had a significant positive impact on the revenues for good causes raised by our member lotteries.”

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Categories
Business

Property prices Australia: Home prices tipped to dive in wake of RBA rate hikes – but still remain well above pre-pandemic levels

Property prices across the country are tipped to fall up to another 5 per cent before the year is out, a new report forecasts.

The mid-year report by market analyst PropTrack predicts the average property price nationally will drop between 2 per cent and 5 per cent by the end of December.

By the end of next year, they are expected to fall further, potentially as much as another 10 per cent.

Watch the latest News on Channel 7 or stream for free on 7plus >>

PropTrack director of economic research and report author Cameron Kusher said the research highlighted the rapidly changing housing market.

“While there were already some signs that the rate of price growth was slowing at the beginning of this year, we were not expecting interest rates to rise until early 2023,” he said.

“There’s since been an outbreak of inflation, resulting in the Reserve Bank (RBA) lifting rates in each of the three months to July 2022.”

Property prices across the country are tipped to fall up to another 5 per cent before the year is out, a new report forecasts. Credit: James Ross/AAPIMAGE

The cash rate is currently 1.35 per cent but is expected to be hiked for a fourth consecutive month when the board meets on Tuesday.

That follows the release of the latest consumer price index figures, showing Australia’s inflation rate had risen to 6.1 per cent.

The PropTrack research operates on the assumption that the cash rate would rise to between 2.5 per cent and 3 per cent by the end of 2022.

They would then be subject to further hikes at the beginning of 2023 before remaining on hold, with the potential to be reduced late in the year or early into 2024.

Watch more on the RBA’s rate decisions in the video below

Kochie rips into RBA over rate rises.

Kochie rips into RBA over rate rises.

“The recent run-up in prices, coupled with reducing borrowing capacities as interest rates rise, is likely to see price falls broaden and then accelerate further into 2023, with the more expensive cities expected to record the largest price falls,” Kusher said.

The report predicts that the most expensive cities, Sydney and Melbourne, will lead the falls in prices.

They would decline between 3 per cent and 6 per cent this year and 9 per cent and 12 per cent in 2023.

According to PropTrack, the average price of a house and unit in Sydney is $1,435,000 and $780,000 respectively, meaning a worst-case scenario would shave $86,100 off the price of a house and $46,800 off the price of a unit before the year is out.

Hobart’s prices are forecast to decline between 1 per cent and 4 per cent this year and 7 per cent and 10 per cent next year.

Darwin’s are projected to drop between 0 per cent and 3 per cent this year and between 4 per cent and 7 per cent next year.

Canberra’s are projected to decline between 3 per cent and 6 per cent this year and 7 per cent and 10 per cent next year.

The only capital cities forecast to show a growth in prices for the rest of the year are Adelaide and Perth.

Property prices in both cities are forecast to increase by between 2 per cent and 5 per cent.

Brisbane’s prices may also increase, with a projection of between 2 per cent growth and 1 per cent decline.

The report, however, isn’t all good news for prospective buyers.

Even if there was a 15 per cent fall in property prices by the end of next year, home prices would still be well above the level they were prior to the pandemic.

“Though, home prices have grown at an exceptional pace over the last two years, rising 34 per cent since the pandemic onset in February 2020.”

The report predicts that the most expensive cities, Sydney and Melbourne, will lead the falls in prices. Credit: DAN HIMBRECHTS/AAPIMAGE

Economists predict another interest rate hike when the RBA board meets on Tuesday following the release of Australia’s inflation rate, which jumped to 6.1 per cent.

Treasurer Dr Jim Chalmers said the figures were “not news” to many Australians.

But he did forecast more interest rates would follow.

“They’ve flagged themselves, the Reserve Bank Governor has said that there are more interest rate rises to come and people need to brace for that,” he said.

“I’m not prepared to nominate a number. The Treasury, when they make their forecasts, they use an assumption about what the market is expecting and it’s not really for me to do that.

“But interest rates are going to go up further, and that will make life harder for people who are already dealing with these skyrocketing costs of living.”

Aussie men win gold in 4x100m freestyle

Aussie men win gold in 4x100m freestyle

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