Category Archives: Cost of living crisis

Backflip on international student caps ‘baffling’, MP says – as it happened

Posted on by

This blog is now closed

Three million Australians are at risk of homelessness, a 63% increase since 2016, a new report from Homelessness NSW and Impact Economics has revealed.

By looking at household data including income, support and rental stress, the report found in 2022 there were 3.04m Australians now at risk of homelessness, an increase on the 1.87m reported in 2016.

1 in every five days the frontline services could not assist a family with children because they were so stretched.

Individuals without children were turned away 1 in every 2 days.

Unaccompanied young people and children without accommodation were turned away on 1 in 9 days.

I think more broadly, the government under Anthony Albanese has got an excellent record of managing relationships around the world, making genuine progress, whether it’s with China, whether it’s with American friends or others.

I think when it comes to Peter Dutton, I think he has a kind of a reckless arrogance which doesn’t lend itself to foreign policy and maintaining and managing some of these complex relationships.

I think he would be a risk to our economy, and that’s because that reckless arrogance, which has been a defining feature of his time as a politician over a long period of time now … [it] doesn’t lend itself to managing these relationships, which are so important to us.

Continue reading...

Australia news live: Antic claims misinformation bill is bid to stop young Australians being ‘red pilled’ on social media

Posted on by

Follow today’s news live

Matt Keogh on Aukus, second Trump presidency

Matt Keogh was also questioned on what he thinks the challenges will be for the Australian government amid a second Trump presidency?

We understand regardless of who is in charge of the White House or what is happening across the globe, what matters to Australians is being able to make ends meet themselves.

We expect that to continue even under a Trump Presidency.

Continue reading...

‘The worst is behind us’: Albanese optimistic that Australia has defeated the inflation crisis

Posted on by

Prime minister says nation has weathered ‘global storm’ of high prices and announces more free Tafe places at rally

Anthony Albanese has all but declared victory over the inflation crisis in an upbeat campaign rally speech promising more free Tafe places and cost of living support.

On Sunday the prime minister addressed a rally in Adelaide, declaring that Australia had navigated through the “global storm” of high prices and has “new reasons for optimism and new proof the worst is behind us”.

Sign up for Guardian Australia’s breaking news email

Continue reading...

University graduates to save $5,500, on average, in Albanese plan to wipe 20% of student debt

Posted on by

Federal government overhaul to remove close to $20bn of student debt for 3 million Australians

All Australians will have their student debt cut by 20% next financial year, as part of a major federal government overhaul designed to boost access to education and address “intergenerational unfairness”.

The change, which will be outlined by the prime minister at a campaign rally in Adelaide on Sunday, will wipe about $16bn worth of debt and is being sold as a cost-of-living measure for young Australians.

Sign up for Guardian Australia’s breaking news email

Continue reading...

University graduates to save $680 a year, on average, as Albanese announces increase to Hecs threshold

Posted on by

PM to announce change that would see minimum debt repayment threshold lifted from $54,000 to $67,000 from next financial year

Graduates will be able to earn more money before they start repaying their university debts under new laws to be introduced by the Albanese government next year.

The prime minister will announce the cost-of-living measure alongside the South Australian premier, Peter Malinauskas, at a campaign rally in Adelaide on Sunday.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Victoria to cut more than 130 bushfire forest service jobs – As it happened

Posted on by

This blog is now closed

Young man dies in multi-vehicle crash in Queensland’s Bundaberg Region

A fatal multi-vehicle traffic crash last night at Elliot in Queensland’s Bundaberg Region last night is being investigated by the police forensic crash Unit.

All travel has been appropriately declared and is a matter of public record.

The only people that need to look at the rules are [shadow transport minister] Bridget McKenzie and Peter Dutton. They’ve got some serious explaining to do.

Continue reading...

Jane Hume defends Dutton over clashes with ABC journalists after testy exchange in WA – as it happened

Posted on by

This blog is now closed

The family of stabbing victim Vyleen White has helped the Queensland Liberal National party to launch its election campaign.

The LNP is promising to introduce “adult time for adult crime” amid claims of a youth crime “crisis” in the state.

In our family’s hour of need, both men came to our home. But there was only one who is a true leader.

We as a family will not allow her death to be in vain.

Continue reading...

Albanese’s $4.3m home purchase could increase pressure to change property tax laws, Labor MPs suggest

Posted on by

Prime minister says he is focused on solving the housing crisis but the opposition has accused him of being out of touch with voters

Anthony Albanese may face renewed backbench pressure to ease capital gains tax concessions, as Labor MPs privately express dismay at his decision to buy a $4.3m waterfront home on the New South Wales Central Coast before an election in the middle of a housing crisis.

Some Labor MPs have suggested the feared political backlash over the prime minister’s house purchase may force the government to look again at removing some of the generous concessions to residential property investors.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Controversial dynamic ticket pricing to be banned in Australia amid sweeping federal crackdown

Posted on by

Anthony Albanese says ‘dodgy’ trading practices, ‘hidden fees and traps are putting even more pressure on the cost of living’ and need to be stopped

The “dynamic pricing” of concert tickets will be banned as the federal government cracks down on “dodgy” trading practices and tackles hidden fees and subscription “traps” for online shopping, gym memberships and airline tickets.

Anthony Albanese and the treasurer, Jim Chalmers, will on Wednesday announce plans to ban unfair trading practices under Australian consumer law, the latest consumer-focused competition and pricing changes proposed by the government and badged as cost-of-living relief.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Shoppers to no longer pay fees when using debit cards under new Albanese government plan

Posted on by

Treasurer says uncovering ‘unfair’ practices also part of proposed surcharge revamp designed to give consumers better deal and cut small business’s costs

The federal government is preparing to ban debit card fees and instruct the consumer watchdog to investigate excessive card costs, as the unpopular system of transaction charges gets set for an overhaul.

The proposed changes would mean consumers no longer pay a fee when using their debit card to buy their morning coffee or make a major retail purchase. Credit card fees would still apply.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Rally organisers and police reach agreement – as it happened

Posted on by

This blog is now closed

The deputy prime minister, Richard Marles, is speaking with ABC RN from New Zealand where he is meeting with regional counterparts.

Asked about the escalation of the conflict in the Middle East, and whether “ceasefire negotiations in Gaza are now dead”, Marles said the “continued violence in the Middle East is obviously giving rise to enormous threat to civilian life”.

I think the international community is desperate to see an end to this violence, and certainly that’s how we’re exercising our international voice.

Israel has a right to defend itself. Every country has a right to defend itself, and to do so in a proportionate way. That said, we are calling for a ceasefire, along with the United States, along with other members of the international community.

The continued violence in the Middle East is giving rise to … unacceptable numbers of civilian lives lost, and the ongoing violence is a threat to civilian life. And we, along with international community, urge an end to this.

We have [been protesting for] 51 weeks in a row, [and it’s been] absolutely peaceful. Millions of Australians have come out, it’s not provocative at all.

What’s provocative is the fact that our government isn’t listening to tens of thousands, hundreds of thousands, millions of Australians, who have signed petitions, called their MPs, have done everything they’re supposed to do within this democratic framework to say ‘enough’ …

Continue reading...

Australia’s steepest and longest rental surge in history may be nearing end, figures show

Posted on by

Annual growth is at multi-year lows in Sydney, Melbourne, Brisbane, Perth and Adelaide, suggesting the stretch of rent rises may have peaked, Domain says

Annual rent increases for houses have hit multi-year lows in Sydney, Melbourne, Brisbane, Perth and Adelaide, suggesting a relentless stretch of rising rents may have peaked, a new report has found.

Renters are still feeling the pinch from record high prices but the data in Domain’s Rent Report revealed the lowest September quarter growth rate since 2019 for houses and 2020 for units.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Australia news live: Miles promises state-owned power company for Queensland; NSW police arrest woman following Sydney protest rally

Posted on by

Follow today’s news live

Children’s commissioner to address National Press Club today on youth justice

The children’s commissioner, Anne Hollonds, is due to address the National Press Club today on a new report calling for an overhaul of Australia’s approach to child justice.

That kind of slogan really is trying to show that ‘we’re really tough up here, we’re going to be tough on crime’. And what our report shows is that that approach, that traditional approach in this country, hasn’t worked and and that basically it’s evident that we’ve misunderstood the nature of the problem we’re trying to solve. We know that toughening up the justice system doesn’t actually prevent crime by children.

The idea that the states and territories could fix this on their own has been misguided, we need to work together on it.

Continue reading...

Assange says he is free because he ‘pled guilty to journalism’ – as it happened

Posted on by

This blog is now closed

National weather forecasts

Sticking with the weather, here’s a look at the forecasts across Australia’s capital cities today:

Continue reading...

Australia’s housing crisis may be starting to ease as home prices fall in four capital cities

Posted on by

New data also shows auction figures softening while rent rises are at their slowest pace in years

Australia’s housing crisis may be starting to ease with dwelling price rises tapering off and rents increasing at their slowest pace in four years, data groups say.

Property values increased 0.4% in September, close to the 0.3% rise recorded for both the previous two months, CoreLogic reported. PropTrack’s housing index was basically flat, rising just 0.04% for the month.

Continue reading...

GP visits costing Australians more than ever, survey finds

Posted on by

Royal Australian College of General Practitioners’ 2024 report shows rising out-of-pocket costs hit vulnerable with chronic, complex and mental illnesses hardest

Out of pocket costs to visit general practitioners are higher than ever, a survey from the peak body for GPs has found, along with the first indications in a long time of a boost in GP workforce numbers.

The gap has risen to an average $36.86 for a 20-minute consult in 2024, up from $34.91 last year, according to the Royal Australian College of General Practitioners’ 2024 health of the nation report.

Sign up for Guardian Australia’s breaking news email

Continue reading...

How the most affluent Australians disproportionately benefit from negative gearing

Posted on by

Those in the top tax bracket three times more likely to be negatively geared property investor, says economist

Negative gearing helps high-earning Australians the most, with those with income of more than $180,000 annually snaring almost one-quarter of the benefits, despite numbering just 5% of taxpayers.

Data from the Australian Taxation Office showed people who earn more than $180,000 were able to lower their collective tax bill by $1.3bn in 2021-2022 through negative gearing. The $1.3bn was roughly 25% of all the losses on rental properties claimed by taxpayers in that financial year.

Continue reading...

Opposition leader calls for university’s leaders to quit – as it happened

Posted on by

This blog is now closed

The foreign affairs minister, Penny Wong, has joined an international push “to hold the Taliban to account” under the Convention on the Elimination of All Forms of Discrimination Against Women.

Wong says:

We know the women and girls of Afghanistan are effectively being erased from public life by the various edicts the Taliban … have issued.

The steps we are taking with Germany, Canada and the Netherlands are unprecedented. We are intending to use the Convention on the Elimination of All Forms of Discrimination Against Women, to which Afghanistan is a party, to take action.

If I can … say again to the Australian Lebanese community. This is a deeply distressing situation for so many of you. I know that there are many Australians in Lebanon. There are many Australians who have relatives, family and friends in Lebanon. I again urge Australians in Lebanon to leave now. There are flight cancelations and disruptions, and there is a risk that Beirut airport may close for an extended period of time.

Please do not wait for a preferred route. Please take the first option you can to leave. We continue to monitor the situation closely. We have been working with partners on contingency plans now for many months but I again say to anyone who any Australian who is in Lebanon: please leave now.

Continue reading...

‘Stop doing dumb stuff,’ economist warns as housing affordability in Australia slips

Posted on by

Saul Eslake says decades of ‘bad policies’ have inflated demand as report finds about 20% of households effectively ‘locked out’ of the market

Housing affordability has deteriorated over the past year to reach its worst level since records began in 1995. First home buyers now rely on wealthy families or high-income jobs to enter the market, according to the latest housing affordability report from PropTrack.

Driven by high mortgage rates and increasing home prices, affordability further deteriorated this financial year to the point where a median-income household earning about $112,000 could afford just 14% of homes sold – the smallest share since records began. This share has declined from 43% in just three years.

Sign up for Guardian Australia’s breaking news email

Continue reading...

Green Day in Sydney for $500 – is dynamic pricing reserving live music for the rich?

Posted on by

Ticketmaster and Ticketek claim demand-driven prices mitigate the problem of scalping, when tickets are bought – often by AI bots – and resold at inflated prices

Dynamic ticket pricing helps combat ticket scalpers, the company behind $500 Green Day tickets claims – but music industry insiders and consumer groups dispute that, with some concerned the controversial practice skews live events to the rich.

Dynamic pricing – when the cost of products rise and fall according to demand – is well established in Australia, from Uber’s surge prices to utilities and airline fares.

Continue reading...