Friday
: Prices are coming down but it’s not enough to tempt would-be home buyers as interest rates keep rising. Plus: writer Brigid Delaney learns to breatheood morning. First-home buyers are disappearing from the market despite prices coming down, new data shows. The NSW government has issued a dramatic ultimatum in the ongoing train worker industrial action. And a Russian oil executive has died months after his company criticised the invasion of Ukraine.
The NSW government says it will seek to terminate the enterprise agreement of thousands of rail workers and scrap a deal to modify a multibillion-dollar fleet of trains unless the union agrees to end all industrial action by 5pm Friday. In a dramatic step that could set the , the government wrote to the head of the Rail, Tram and Bus Union, Alex Claassens, and threatened to file an application with the Fair Work Commission to terminate the agreement.vanishing from the market with property price falls not enough to offset the rising cost of servicing loans.with the Reserve Bank, expected to lift its cash rate again on Tuesday, extending the most rapid spate of rate rises since 1994.
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