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17 October 2026

Widespread storms and heavy rain to lash Australia in unusual El Nino pattern

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Widespread storms and heavy rain to lash Australia in unusual El Nino pattern

Australia is on track to record its wettest El Nino year yet, with widespread showers and thunderstorms forecast to soak large parts of the country over the coming week.

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As house prices plateau, the gap between the cost of buying and renting is narrowing in dozens of suburbs Guardian Australia’s analysis of Cotality data shows that median rents in inner-city Melbourne, suburban Canberra and Darwin are now nearly matching weekly home loan repayments. In one in 10 suburbs and towns across the country, repayments are less than $200 a week higher than rent, for the typical property. In some suburbs, they are actually cheaper.

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