House prices fall; get ready for higher bread, milk, vege prices; LIV Golf collapse

Friday 1 May 2026

House prices in Sydney and Melbourne are going backwards, while momentum across the other capital cities is waning. 

• Oil prices hit their highest level in four years, in bad news for motorists
• Woolworths’ boss warns of higher prices for vegetables, bread and milk
• Mega earnings results for Microsoft, Meta, Amazon and Alphabet
• The break-away LIV Golf tournament is set to collapse as Saudi pulls its funding

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