Australia posted back-to-back budget surpluses for the first time in 16 years.Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsClimate Migrants Stand to Overwhelm World’s MegacitiesNew Rowhouses in London That Offer a Bridge to the 19th CenturyVanderbilt Leases Struggling NYC Seminary for Campus ExpansionWhere Cargo Bikes Are Freeing Cities From Polluting VansThe underlying cash surplus was A$15.

A Newspoll survey published in the Australian newspaper showed primary support for Labour has dipped to its equal lowest since the 2022 election with housing – including rents and mortgages – the most significant cost-of-living issue, eclipsing grocery and energy bills. — Bloomberg

Australia posted back-to-back budget surpluses for the first time in 16 years. The underlying cash surplus was A$15.8 billion ($10.9 billion) in the 12 months through June 30 this