"Labor's policy extends this principle to adult beneficiaries but at a less punitive rate of 30 per cent," Mr Shorten ...

Labor to raise $4.1b from trusts

Distributions from family trusts to adults will be taxed at a minimum 30 per cent under a policy pledge by Labor that will hit 2 per cent of taxpayers and 315,000 trusts.

Weekend auction clearance rates rose.

'House prices have been so resilient'

Sydney and Melbourne house prices are set to show an advance in July, according to property research firm Corelogic, with weekend auction clearance rates holding firm in both cities.