Business

Eryk Bagshaw

Eryk Bagshaw is an economics reporter for the Sydney Morning Herald and The Age, based in Parliament House

A shift in the cyclone prone region of just three degrees would see the full force of Cyclone Debbie hit the Gold Coast.

The next major Australian city in a cyclone's path

A cyclone the size of Debbie would have catastrophic consequences on the Gold Coast, new modelling has shown, as climate change pushes cyclones further south and building codes fail to keep up on the high-rise strip.

Housing confidence has plummeted.

Consumer confidence in housing at lowest level in 40 years

Consumer confidence in the Australian housing market has collapsed to its lowest level in 27 years, with the proportion of Australians believing real estate was the wisest place to put savings falling to below 12 per cent, the lowest level since 1974.