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Gus McCubbing

Reporter

Gus McCubbing is a journalist at the Australian Financial Review in Melbourne. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com

Yesterday

The Victorian government has cut funding to its energy department, which includes its solar program, by more than 30 cent despite touting its “nation-leading” target of net-zero emissions by 2045, budget papers show. 

Energy funding chopped under weight of Victoria’s debt

Experts say this week’s state budget shows the Victorian government has prioritised major transport projects over the energy transition.

This Month

Prime Minister Anthony Albanese with CFMEU workers at Thursday’s North East Link announcement.

Behind the PM’s $3b ‘bailout’ of Victoria’s most expensive road

Experts blame a $10 billion blowout for the North East Link on CFMEU disruptions, a failed tender process and crazy design decisions to pander to community groups.

Kerry Stokes’ Seven West Media has demanded a 100 per cent price increase to continue printing The Australian Financial Review in Perth.

Kerry Stokes ‘cannot cop criticism’

Teal MP Zoe Daniel has accused billionaire Kerry Stokes of anti-democratic behaviour after Seven West Media doubled the cost of printing the AFR. Here’s how the day unfolded.

  • Updated
Cairns removalist Jesse Bradley says the rising cost of diesel is biting his business.

Transport costs up 10 per cent nationwide as petrol stokes inflation

The rising cost of diesel in the past three years has put a dent in Jesse Bradley’s removalist business based in Queensland.

Victorian Treasurer Tim Pallas.

Pallas vows to prove rating agencies wrong

Treasurer Tim Pallas has fended off warnings Victoria could face a third credit rating downgrade since 2020.

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Hampton Primary council president Mark Alexander says any funding delays will limit what upgrades the school can achieve as it waits on an election promise made by Labor in October 2022.

Schools sweat on election funding promises as Victorian debt rises

Melbourne’s Hampton Primary School fears the Victorian government won’t follow through on a promise made on eve of the 2022 election.

Victorian Treasurer Tim Pallas and Premier Jacinta Allan have handed down their first state budget together.

Ratings warning over Victoria’s $188b debt

Rating agencies have put the Victorian government on notice after it revealed state debt would climb to $188 billion, with a daily interest bill of $26 million.

  • Updated
Victorian Premier Jacinta Allan (centre) with Planning Minister Sonya Kilkenny in Melbourne on Monday.

Victoria open to tax breaks to boost home building

Premier Jacinta Allan says her Labor government is open to pulling every lever available to boost housing supply, after developers called for taxation tweaks to boost investment.

Hundreds of students gathered at Melbourne University on Friday in support of Palestine.

Pro-Palestine ‘tent cities’ not going anywhere, students vow

Hundreds of students have camped out at universities demanding the institutions cut ties with weapon manufacturers and condemn Israel’s war in Gaza.

Victorian Treasurer Tim Pallas will deliver his 10th budget on Tuesday.

Housing focus as Pallas warns of horror Victorian budget

Economists warn that Victoria has no choice but to cut spending in next week’s budget, after slugging businesses and property investors last year.

April

Why Melbourne’s housing crisis will get worse before its gets better

Victoria’s population is growing faster than any other state but as housing demand outpaces supply and wage growth, its economic prosperity is at risk.

morgyn bostock

Why this apartment owner ditched real estate agents

Morgyn Bostock chose not to use an agent when she sold her home - and would happily do so again.

  • Updated
NSW State RSL president Mick Bainbridge during the ANZAC day dawn service in Martin Place.

Thousands join Anzac services as nation seeks to heal

Anzac Day was labelled a chance for Sydney to come together and heal after a series of terrifying knife attacks.

Elon Musk has placated anxious Tesla shareholders, saying the EV car company’s unit sales will grow year over year in 2024.

Top silk approached to represent Musk in eSafety fight

Top Sydney silk Bret Walker SC will represent Elon Musk in his battle against Australia’s eSafety Commission; seven arrested in counter-terror raids after church attack. How the day unfolded.

  • Updated
Bridge Road in Richmond was once a  shopping hotspot but has become a ‘ghost town’, according to local retailers.

The Melbourne shopping hotspot that became a ‘ghost town’

Businesses on Bridge Road in Richmond, which has a whopping 15.5 per cent vacancy rate, fear an insolvency snowball effect.

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A spokeswoman for the NDIS Commission said the $4 million training program was scrapped due to “non-performance”.

Millions wasted as NDIS scraps training program that produced nothing

Advocates have lashed the axing of the scheme that would have enabled people with disabilities to work in NDIS auditing teams.

Twenty minutes of terror inside Westfield Bondi Junction

Witnesses have recounted the terrifying period when Joel Cauchi murdered six people in a busy shopping centre in Sydney’s eastern suburbs.

dylan alcott lunxch

This former tennis champ is chasing unicorns and dancing pantless

Dylan Alcott has a dizzying list of achievements from 15 tennis Grand Slams to being Australian of the Year. Now, he’s chasing start-ups and performing with Jason Donovan.

  • Updated
Bondi Westfield on Thursday.

Mourners pay tribute to Bondi victims as shopping centre reopens

People have gathered at Westfield Bondi Junction in the eastern suburbs to pay tribute to the six people murdered last weekend. How the day unfolded.

  • Updated
Prime Minister Anthony Albanese

National security committee to meet after stabbings: PM

Anthony Albanese says violence and extremism has no place in Australia; Richard Marles reveals defence spending will crack $100 billion by 2034. How the day unfolded.

  • Updated