ABC NewsMail - Afternoon Edition

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NewsMail Afternoon Edition
Sun 13 Jan, 2013

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NSW firefighters shift focus to north

Firefighters are moving resources to northern New South Wales after cooler conditions helped crews establish containment lines around major blazes in the south.

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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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Teenager hit with bottle by party gatecrashers

Police are investigating a fight at a gatecrashed party in Sydney's west that left a man in hospital - the second such incident in as many days.

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World

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Beijing choked by dangerous pollution levels

Beijing residents are being warned to stay indoors as pollution hit hazardous levels for a second day, blanketing the city in a dense shroud of smog.

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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 13

Grandstand's rolling blog coverage brings you one-day international cricket and A-League 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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Beijing choked by dangerous pollution levels

Beijing residents are being warned to stay indoors as pollution hit hazardous levels for a second day, blanketing the city in a dense shroud of smog.

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