The Western Australian government has allocated an additional $28 million for flammable cladding remediation at Perth Children’s Hospital, following a previous $33.3 million for Fiona Stanley Hospital. With total costs expected to exceed $41 million, ongoing cladding replacement efforts are projected to extend until at least the 2028-29 financial year across several major hospitals.
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RBA’s hold keeps consumer sentiment recovery in check
Last week, the Reserve Bank of Australia surprised markets by holding interest rates steady at 3.85%, which dampened consumer sentiment, causing the Westpac-Melbourne Institute index to rise only 0.6% to 93.1 in July. Despite a positive outlook for family finances and a slight increase in economic confidence, consumers remain cautious and uncertain about the future direction of the economy. Explain It To Me Like I'm 5: Australian consumers feel mixed emotions after the Reserve Bank...
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