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A 25-year-old man purchased a two-story house with a beautiful garden for over $300,000 referring to the early 1990s. Key points: Parts of Queensland saw property prices rise in July, contrary to national trends The Regional Australia Institute says housing affordability will keep much of Queensland more insulated from falling property prices than the city The Gold Coast and Sunshine Coast markets are the exception, registering accelerated declines in recent months But in outback Queensland towns like Longreach, it’s the norm. The Reserve Bank of Australia yesterday raised interest rates for the fourth month in a row, but Longreach resident Ben Galea said he was not stressed. “When it came time for my fixed rate to change … I didn’t have to change my lifestyle,” Galea said. “It’s a great city. It’s bustling. There’s a lot of young people here. There’s a lot to do, a lot of sports. It’s brilliant. “There are things we don’t have here. It takes money to fly back to shore. You don’t see f

Australian drivers have been suffering from bowser pain this year, with petrol prices topping $2 per liter. That’s despite the federal government’s move earlier in March to half of the fuel excise tax in a bid to ease financial pressure on drivers. But the cuts are not forever and the reduced rates are coming to an end. So what does it mean for drivers when they are again saddled with full excise duty in about three months? What is a fuel tax? Every time Australians buy gasoline, they contribute to a pool of funds that the federal government uses for roads and infrastructure. Simply put, you usually pay 44.2 cents in tax for every liter of fuel you buy — included in the price at Bowser. Excise duty was halved on March 30 to 22.1 cents per liter. Why did the Morrison government cut fuel taxes? The move is aimed at battling a spike in gasoline prices to ease cost-of-living pressures. The government estimates cutting fuel excise taxes will save midsize car owners about $13 when filling th