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Housing supply will be key theme in federal budget | Midday News Bulletin May 11 2026

Hard copy budget documents

The federal budget will be handed down on Tuesday, 12 May 2026.

The federal government says housing supply will be key in tomorrow's federal budget; the Fair Work Commission hears evidence on conditions for food delivery workers; Australian Jay Vine's team says he won't need surgery for injuries sustained in a Giro d'Italia crash.


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TRANSCRIPT

  • The federal government says housing supply will be key in tomorrow's federal budget
  • The Fair Work Commission hears evidence on conditions for food delivery workers
  • Australian Jay Vine's team says he won't need surgery for injuries sustained in a Giro d'Italia crash

Housing Minister Clare O'Neil says the federal budget will go a long way to addressing the shortfall in housing supply.

Ahead of tomorrow's budget, the government has announced an extra $2 billion over four years for housing infrastructure - including roads, water, power and sewerage for new developments.

The federal government is also reportedly considering reform to negative gearing, capital gains taxes and family trusts.

If implemented, the reforms would break Labor’s 2025 election promise not to change capital gains tax or negative gearing.

Ms O'Neil says more needs to be done to help younger generations enter the housing market.

"Now, we are making a stack of progress. Remember, the 5 per cent deposit program has already got almost a quarter of a million Australians into their own home. We're building 55-thousand social and affordable homes and on the pathway to getting the country building the homes it needs. But we recognise there is a lot further to go. And that is where the next budget will come in."

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A new report from Homelessness New South Wales shows the number of households on the state's priority social housing waitlist has more than doubled in four years.

The report, titled Housing Code Red, found nearly 12,500 households are now on the priority list, up 115 per cent since 2021.

The category includes people experiencing homelessness, fleeing domestic violence, or living in unsafe housing.

Some of the sharpest increases were recorded in regional New South Wales, including a 500 per cent rise in Wagga Wagga.

In Sydney, waitlists also surged in suburbs including Camden, Bankstown and Fairfield.

Homelessness New South Wales chief executive Dominique Rowe says more vulnerable people are being pushed into desperate circumstances because of social housing shortages.

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An expert panel in the Fair Work Commission is hearing evidence on pay and working conditions for food delivery workers in Australia.

Under changes to the law in 2024, the Fair Work Commission has the power to set enforceable minimum standards for workers in the gig economy.

Ahead of the changes, DoorDash and Uber both signed charters on fairness in the gig economy, following pressure from workers.

Transport Workers' Union national secretary Michael Kaine says if the Commission agrees on legally enforceable minimum standards orders, it could be a world-first.

"Nineteen gig workers have died on our roads in the last few years. No one performing work in Australia should be in mortal danger of losing their lives. Not only do they lose their lives, but they don't have access to worker's compensation. And their families have no justice."

--

Ukrainian President Volodymyr Zelenskyy says a temporary three-day ceasefire brokered by the United States has reduced large-scale Russian missile and air attacks, but heavy fighting is still continuing along the front line.

US President Donald Trump announced both countries had agreed to a ceasefire on Friday, which would include the suspension of military combat and the exchange of 1,000 prisoners each.

But both sides have accused each other of violating the truce.

The Russian defence ministry on Sunday accused Ukraine of "16,071 ceasefire violations" over a 24-hour period, including thousands of drone strikes.

Volodymyr Zelenskyy used his evening address to accuse Russia of conducting assault operations on the battlefield.

"Yesterday and today, Ukraine refrained from long-range actions in response to the absence of Russian massive attacks. In the future, we will react in the same mirror manner."

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To sport and in cycling, Australian cycling star Jay Vine's team, UAE Team Emirates-XRG, say they're relieved his injuries weren't even more serious.

30-year-old Vine suffered a broken elbow and concussion in his Giro d'Italia-ending crash.

It is his third serious crash in just 13 days of racing in 2026, and he has now endured a reported 23 spills in his five-year career.

The team says he will not need surgery.

But UAE, the peloton's most powerful outfit, is now down three team members, Vine, Marc Soler and team leader Adam Yates, who were all forced to abandon the race after Saturday's high-speed crash on a soaking right-hand turn.


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