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SMSFs are surging.

Super’s ‘boring’ options outperform with 9.1pc gain

That would make the third year in a row of above-average growth for the balanced investment option and a “really good outcome for investors”.

Prime Minister Anthony Albanese is facing a groundswell of support for a royal commission into the Bondi shooting.

‘Send a signal to world’: Business groups join call for royal commission

Nine business groups representing hundreds of employers have joined the groundswell of support for a federal royal commission into the Bondi shooting.

Protesters march in downtown Tehran earlier this week.

Trump says US ready to ‘rescue’ Iranian protesters if attacked

The president’s remarks appear to signal a willingness to intervene in the type of overseas crises he campaigned to stay away from.

Tesla loses EV sales crown to China’s BYD

Tesla reported that its annual sales fell for a second consecutive year amid intensifying competition, particularly in Europe where BYD has surged ahead.

Waislitz’s fiancee withdraws ‘duress’ claim in townhouse stoush

Amended court documents add another twist to the dispute over a luxury Toorak townhouse which involves Alex Waislitz, his fiancee and her sister.

ASX makes firm start to 2026, snapping four-day losing streak

The Australian sharemarket shrugged off early losses to edge higher in the first session of 2026, buoyed by energy stocks.

Usman Khawaja slams ex-players for ‘racial stereotypes’ as he bows out

The 39-year-old left-hander will play his 88th and final Test match at his home ground. He leaves as Australia’s 15th-highest Test run-scorer.

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EDITOR'S PICKS

Social media footage shows the bar ablaze.

How the fire that killed 40 in an upmarket Swiss resort bar started

A barmaid, carried on the shoulders of a colleague, held a sparkler-topped bottle above her head near the basement’s ceiling, setting it alight, witnesses said.

SpaceX supplier buys into $3.6b Nickel Industries project

The ASX-listed nickel miner and processor says the deal with South Korea’s Sphere Corp could open up more opportunities to supply the US aerospace market.

Rockingham mayor Lorna Buchan at the foreshore, adjacent to HMAS Stirling, the AUKUS submarine base on Garden island.

This suburb is already bursting at the seams. Now AUKUS is coming

Western Australia’s Rockingham feels more like a coastal country town than outer suburbia, but the arrival of AUKUS could change everything.

Human rights commissioner backs royal commission into Bondi attack

Lorraine Finlay has become the first government-appointed official to openly back a royal commission into the massacre that claimed the lives of 15 people.

UK hacker who ‘barely finished school’ wins visa by breaching DFAT

Jacob Riggs, 36, hacked into the site in less than two hours to show he had the expertise required for a rare permit given only to highly skilled professionals.

Rear Window’s year in review.

Rear Window columnists Mark Di Stefano and Hannah Wootton look back on the action-packed year that was and ahead to what 2026 might bring.

Jetsetting, love scandals and hypocrites: Rear Window’s 2025

Companies

Electric vehicles on the assembly line at the BYD Co. factory in China.

Cheaper electric car models on the way in 2026

More than 153 electric car models were on sale in Australia during 2025, but more are queued up to arrive this year, including a bargain priced at $24,000.

The Paspaley store in Martin Place. The company has a string of stores around the world.

Luxury hospitality pivot helps Paspaley family as pearl sales take hit

New accounts for the Pearl Corporation of Australia offer a glimpse into the sprawling empire that now stretches from aviation to a hotel in New York.

Nickel smelting in Indonesia, which controls nearly 70 per cent of global production.

How a reclusive ex-Glencore trader became Indonesia’s nickel king

In less than a decade, Arif Kurniawan has gone from earning pay cheques at Glencore to controlling about a third of his country’s domestic trade in nickel ore.

China’s beef imports have surged in recent years, along with rising incomes, but domestic production has also climbed as the government urged farmers to raise more cattle at home.

China imposes beef quotas, now all eyes on Australia’s EU trade deal

The Australian Meat Industry Council said it was “extremely disappointed” and warned beef exports to China could fall by about a third from recent levels.

ACCC forces WiseTech divestment over monopoly fears

The Richard White-led technology group will offload software business Expedient after customers flagged concerns its ownership would make it too dominant.

Cash cow: WA dairy booms thanks to billionaire Gina Rinehart’s backing

Bannister Downs, run by third generation dairy farmers, Suzanne and Mat Daubney, is the cream of the crop in a struggling industry.

Santos misses end-of-year deadline for first Barossa LNG cargo

The $6.1 billion gas project is one of two large growth projects that the oil and gas producer is relying on for a kick-up in production in 2026.

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Markets

A precious metal sell off may weigh on miners on Friday.

ASX set for soggy start to 2026 as inflation threat looms

A retreat in precious metals and crude prices is likely to weigh on resources stocks and the broader sharemarket on the first trading day of the year.

Saudi Arabi’s Public Investment Fund was the single largest dealmaker of 2025 by committing $US36.2 billion, with its participation in the acquisition of Electronic Arts making up the bulk of that figure.

Sovereign funds push into technology as assets swell to $22.5trn

Overall, such vehicles ploughed $US66 billion into investments in artificial intelligence and digitisation in 2025, according to Global SWF.

All 11 S&P 500 industry sectors were in the red in afternoon trading

US stocks stumble into year-end, silver slumps anew

The S&P 500 falls 0.7 per cent in low volume in final trading day of the year, paring its 2025 gain to 16.4 per cent; US 10-year yield spikes to 4.17 per cent.

Wall Street’s biggest winners and losers in 2025

Three of the index’s top 10 performers were data storage companies, which are among the main beneficiaries of the hundreds of billions of dollars in AI spending.

CME lifts precious-metal margins again after price swings

The decision is an effort by the exchange to calm trading after an historic year-end surge in volatility across precious metals markets.

Opinion

Without a Bondi royal commission the nation is imperilled

This country, if it is to continue to be what we thought it was, must ask itself – and answer truthfully – some very hard questions about this lightly sleeping evil.

Fix the electricity system in 2026 by returning to first principles

Electricity is not a policy construct. It is physics – and the physics have not changed since Michael Faraday and the steam engine, writes Stephen Anthony.

Australia must learn from the UAE’s zero tolerance for extremism

As the government develops its response to Islamist terrorism, it should look closely at countries that have already confronted and contained it.

Former MP

Alan Tudge

Albanese’s Bondi shooting royal commission excuses are implausible

The reasons put forward by the government for rejecting such an inquiry are the same they used with COVID-19. It all reeks of political protection, writes Phillip Coorey.

Political editor

Phillip Coorey

I survived Bondi. Now a royal commission is critical

The prime minister has spoken often about social cohesion and national unity. This is the moment for leadership to match rhetoric, writes Arsen Ostrovsky.

If Jews flee in fear, none of us will feel safe

Like Middle-earth after the elves depart, Australia would still function, still thrive in many ways. But we would be poorer in spirit, narrower in memory, and less luminous.

Tech leader

Keith Budge
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Politics

Business’s biggest names are backing a royal commission into the Bondi terror attack.

‘A national crisis’: Business backs Bondi royal commission

A group of business leaders from banking and super, retail and media have become the latest group to back a royal commission into the Bondi terror attack.

The Westpac Rescue helicopter flies low to search waters off Coogee Beach.

‘Absolutely horrendous’: Tragic start to 2026

The tragedies began on Thursday when a 25-year-old woman was hit by a wave and knocked into a tidal rock pool before further waves swept her into the ocean.

Action from the New Year’s Day cricket Reception at Kirribilli House.

Cricket greats schmooze with PM at Kirribilli House

Anthony Albanese playfully begged Australia and England to ensure the SCG Test goes until at least day three.

The moment that marked the beginning of the end for John Howard

Newly released cabinet papers from 2005 reveal the seed that sowed the destruction of the Howard government and divisions over the deployment of troops.

‘One reform at a time’: Chris Bowen’s ambitious policy plan

At a difficult moment for Labor’s green transition, Climate and Energy Minister Chris Bowen has expanded his responsibilities. Will it come back to bite him?

World

New York Attorney General Letitia James, left, administers the oath of office to mayor-elect Zohran Mamdani, center, as his wife Rama Duwaji looks on.

Mamdani digs in on progressive agenda as mayor of New York City

The new mayor reiterated plans to introduce free childcare and bus transportation, and to freeze rent for tenants in stabilised apartments.

Russian Volunteer Corps (RVC) commander, Moscow-born Denis Kapustin, left, also known by the nom de guerre White Rex.

Ukraine fakes commander’s death, tricks Russia into paying bounty

Denis Kapustin, one of the most prominent anti-Putin Russians fighting on behalf of Ukraine, was reported dead this week, assassinated by a drone on the front.

40 dead, Australian injured in upmarket Swiss ski resort bar fire

A further 114 people were hurt, most seriously, police said, as the crowded Le Constellation venue morphed from a scene of New Year’s revelry into tragedy.

LVMH’s Belmond blames Carlyle unit for fatal Machu Picchu train crash

In a letter to the office of the prime minister, it said Inca Rail had transited through an unauthorised part of the tracks, leading to the head-on collision.

Trump shares editorial critical of Putin after setback in talks

The New York Post lists Russia’s support for Iran, and its backing for Venezuela, to argue that “across the world, Russia is opposing Trump’s agenda”.

Property

Sydney’s median home value rose by $75,378 in 2025, while growth in the medium sized-capitals accelerated.

Home price growth is losing steam after an 8.6pc jump in 2025

Sydney’s dwelling values have grown faster than the national average $71,400 gain, but December’s data shows this year could be quite different.

The Sir Stamford Hotel was purchased by Metrics Credit Partners for $265 million in the biggest hotel sale this year.

Hotel market set to soar in 2026 as foreign cash pours in

A jam-packed events calendar and growing international interest in Australia’s hotel market could see transaction volumes rise above this year’s in 2026.

Coonac Estate in on Toorak’s Clendon Road was sold by Kay & Burton’s Ross Savas.

The $135m mansion that topped 2025’s suburb records

A raft of luxury residential sales across Australia’s capital cities this year smashed peak prices in many blue-chip neighbourhoods.

Lawrence Myers sells $85m mansion to take Sydney’s 2025 trophy crown

James Packer’s lieutenant sold his lavish Rose Bay mansion just days out from Christmas in the harbour city’s priciest deal of the year.

Billionaire Lederer wins battle for control over $270m property fund

The white flag from fund manager Elanor ends a six-month tussle over a fund it runs. Meanwhile, Lederer is stepping up his involvement in commercial property.

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Wealth

Tuition fees at some of Sydney’s most exclusive private schools will top $50,000 for the first time in 2026.

Private school fees hit $50,000 in Sydney, break new levels elsewhere

With private school fees rising quicker than inflation, key Sydney schools will eclipse $50,000 next year.

How 3 investors found their Goldilocks number

What proportion of income should go to investments? We asked a university student, a communications professional and a financial adviser about their approach.

Dump these 2 assets right now (and buy these surprise stocks)

The resilience in many assets in 2025 despite Donald Trump’s ructions means investors should offload some of their winning positions and diversify in 2026.

Technology

Samsung’s Ballie assistant at CES in Las Vegas.

Robots, AI fridges and hi-res TVs at world’s biggest gadget festival

A pet-friendly ball that follows you around the house and self-inventorying fridges are just some of the gadgets on show at CES in Las Vegas this week.

Emmanuel Macron.

France aims to ban under-15s from social media: report

President Emmanuel Macron wants to follow Australia whose world-first ban for under-16s on social media platforms came into force in December.

Sam Altman, the CEO of OpenAI.

OpenAI offers $828,000 salary to protect humans from rogue AI

The maker of ChatGPT is recruiting for a “head of preparedness” to address the fast-evolving technology’s rising threat.

Work & Careers

How to AI-proof your job applications in 2026

AI cover letters are getting dumped in the virtual trash. Here’s what the experts say will get your foot in the door.

Start early, switch off devices: How to manage stress like a CEO

Exercise is the key, but Australia’s corporate leaders have a raft of other tips, tricks and hobbies to help them hold it together.

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Life & Luxury

Anyone seen Jane Hopper?

When the phone number in that TV show connects somewhere

“Stranger Things” is the latest show to offer Easter eggs for viewers who try to call a fictional character. But not all attempts have been seamless.

Sam Kerr and Kristie Mewis share a kiss after saying “I do” in Swan Valley on New Year’s Eve.

Inside Sam Kerr’s lavish wedding to fiancee Kristie Mewis

The Matildas and Chelsea striker married Kristie Mewis at a private mansion outside Perth on New Year’s Eve.

Lee Jung-jae as Seong Gi-hun in Squid Game.

Our reviewer’s top streaming picks

In a great year for premium TV, the standout theme was the re-emergence of the science fiction genre with shows that were inventive and dynamic.

The famous cover of “Wish You Were Here” with stuntman Ronnie Rondell Jr on fire.

The album that almost ruined Pink Floyd remains their masterpiece

Fifty years ago, everything about “Wish You Were Here” arrived as if perfectly formed. In reality, it was a nightmare to record. This is how it came together.

Image

Sydney rings in 2026 with hope, defiance and huge firework show

More than 1 million people gathered to watch Sydney’s fireworks with a tribute to people who lost their lives in the Bondi Beach terrorist attack.

From the gallery