FEAR & GREED | Business News Coalition hits pause on split; housing set for rate fuelled boost; Anko goes global
May 22, 2025
Political tensions rise as the federal Liberals and Nationals freeze their coalition split, aiming for compromise. Meanwhile, the housing market gears up for a boost following interest rate cuts. Anko, Kmart's home brand, is on the brink of global expansion. Severe floods disrupt New South Wales, presenting additional challenges. Finally, the controversial Enhanced Games set to debut in 2026 sparks debate as athletes prepare to use performance-enhancing drugs, testing the boundaries of sports ethics.
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Coalition Split Complexity
- The Nationals paused their split with the Liberals due to complications around shadow cabinet portfolios and internal disagreements.
- Party unity was challenged by policy disagreements and leadership dynamics, prompting a rethink to avoid a rushed breakup.
Senate Status Threatens Coalition
- The Nationals' threat to leave the coalition stemmed partly from losing party status in the Senate after a key defection.
- The defection of Jacinta Numpajimpa Price to the Liberals triggered fears of losing privileges associated with having five senators.
Housing Market Reaction to Rate Cut
- The housing market faces a pivotal weekend with 2,400 homes auctioned following an interest rate cut.
- Melbourne's auction activity exceeds last year's trend, while Sydney's lags, reflecting varied market momentum post-cut.