Australia politics live: McIntosh doubles down on call for Liberal ‘rebrand’; PM backs Hogan on Hanson

Australia's government is standing by its economic forecasts as the housing market cools. Treasurer Jim Chalmers defended house price projections Monday, noting that auction clearance rates have dipped in Sydney and Melbourne. The government argues its revised tax reform—recalibrating capital gains discounts to reflect actual investment gains—prevents the kind of housing market distortions introduced in 1999, according to The Guardian. Within the Opposition, Coalition figures are calling for the party to rebrand, arguing they need to reconnect with working Australians to win back voters.

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