ABC NewsMail - Afternoon Edition

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NewsMail Afternoon Edition
Sat 12 Jan, 2013

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Firefighters' battle continues as temperatures soar

Forecast winds are starting to become gusty in NSW as firefighters across southern Australia concentrate on building containment lines amid hot and dry conditions.

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The Drum

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Beware the comedown if house prices surge

Economist Stephen Koukoulas has caused a stir with his forecast that home prices will jump 10 per cent this year, and there are many reasons why he may be right.

Despite the steep local prices, housing affordability is just shy of its highest level in a decade. However, this is illusory affordability caused by low interest rates.

Most young Australians cannot prudently afford to buy a home. The likely outcome if prices do surge will be a bigger housing bubble and a more painful crash when it does inevitably burst.

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Just In

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Hewitt wins Kooyong Classic

Lleyton Hewitt has beaten Argentina's Juan Martin del Potro in straight sets in the Kooyong Classic final.

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World

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First royal portrait of Catherine unveiled

The first official portrait of Prince William's wife Catherine has been unveiled at a London gallery, where it was hailed by its subject as "amazing" but slammed by some critics.

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Business

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Howard rejects IMF's 'profligate spender' tag

John Howard rejects IMF analysis contending that Australia's most wasteful spending in the past 50 years took place under his government.

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Politics

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Gillard meets with child sex abuse victims

Prime Minister Julia Gillard hosts a morning tea for victims of child sexual abuse, a day after announcing the terms of reference for the royal commission into the issue.

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Sport

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Grandstand Live: January 12

Grandstand's rolling blog coverage brings you tennis, A-League and Big Bash updates.

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Science and Technology

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2.5m gulls needed to lift James's giant peach

Physicists have thrown cold water on a key scene from Roald Dahl's classic children's book, James and the Giant Peach, in which a flock of seagulls fly an oversized piece of fruit and its occupants across the Atlantic.

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Environment

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Natural causes blamed for whale deaths

Queensland's National Parks Service says two whales washed up on the state's central coast in recent days appear to have died from natural causes

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