Australia news LIVE: RBA says rates and tax changes will take steam out of housing market as government prepares to fast-track CGT changes; Trump was ‘an hour away’ from striking Iran, warns of attack within days

The Reserve Bank of Australia (RBA) has signaled that the combination of current interest rates and proposed tax changes will likely reduce momentum in the national housing market. This outlook arrives as the Australian government prepares to fast-track adjustments to Capital Gains Tax (CGT) policies, which officials expect will help stabilize property prices and market demand.^[1][2]

In a significant warning regarding international security, Donald Trump stated that he was only one hour away from launching a military strike against Iran. He cautioned that an attack could still occur within a matter of days, highlighting a period of heightened tension and the potential for a rapid escalation in military engagement.^[1][2]

These developments are part of a broader series of updates covering both domestic Australian policy and global geopolitical shifts. The RBA's focus on the housing sector reflects ongoing concerns regarding economic stability, while the situation involving Iran remains a focal point for international observers monitoring potential military developments.^[1][2]