Category Archives: Australia cost of living crisis

How gentrified is your postcode? Search our map of Australia’s capital cities

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Exclusive: A third of suburbs in Sydney and Adelaide are already highly gentrified, and other capitals are on a similar trajectory

More than a third of Sydney and Adelaide suburbs and a quarter in Brisbane are affordable only to the most wealthy, and Hobart and Melbourne are following a similar path, analysis of census data on income and housing costs has found. Almost half of Darwin suburbs are either at risk or already well on the way to being “gentrified”, with a similar figure in Perth.

Researchers at the Australian Urban Observatory, who created a gentrification index from the data, say many of the areas most at risk of being gentrified are relatively recent greenfield areas in what were once outer suburbs, where many lower income families were able to find affordable housing. These families now run the risk of being displaced even farther afield.

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Can your suburb help fix Australia’s housing crisis? It all comes down to density

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Despite adding millions of people and dwellings over the past decade, our cities are well behind globally in terms of population density

Skyrocketing rents and a projected home shortage have sparked fierce debate on the most effective ways to address Australia’s housing crisis.

Experts say one of the most effective fixes is to increase the supply of housing, specifically infilling urban areas to increase the density of areas where people actually want to live.

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Labor urged to bring forward single parenting payment changes or ‘have kids going hungry’

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Greens senator says it is ‘heartless’ not to make an interim provision for 8,140 families until eligibility extends in September

The Australian government is under pressure to bring forward the start date for one of its key welfare budget measures to prevent more than 8,000 single parents falling into further poverty during the waiting period.

Expanding the eligibility for the single parenting payment was one of Labor’s flagship announcements in this year’s budget. The payment currently expires when the youngest child of a single parent turns eight, with the parent moving on to jobseeker, which is worth $204 less per fortnight than the parenting payment.

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Rental units only $39 cheaper than houses per week as demand soars for affordable options

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CoreLogic says units are now the only option for many tenants but supply is limited, forcing up rents

Renting a house in Australia costs just $39 more a week than renting a unit, compared to a difference of $64 a year ago, new research shows.

Kaytlin Ezzy, an economist at property data firm CoreLogic, said Australians have been increasingly turning to units amid sky-rocketing rents. This has caused the rental price gap between houses and units to shrink as demand for units outstrips supply.

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Australia should increase competition to fight ‘excessive pricing’ by supermarkets, Rod Sims says

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Former regulator head’s comments follow Guardian Australia analysis which shows Coles and Woolworths increased profit margins during cost-of-living crisis

The former competition watchdog head Rod Sims says Australia’s big supermarkets have likely used their market power to increase prices higher than necessary during a cost-of-living crisis and that the government should consider reforming merger laws to limit their dominance.

Sims, who retired as the chair of the Australian Competition and Consumer Commission (ACCC) last year, said Coles and Woolworths have little to worry about when making pricing decisions because they control two-thirds of the market.

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Electricity prices to rise by up to a quarter in parts of Australia after energy regulator issues market default decision

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Australian Energy Regulator says power bills would have gone up twice as fast without government intervention

Electricity prices will rise by up to a quarter in July in some states after the Australian Energy Regulator issued its decision on the default market offers that set the baseline for retailers.

But the AER says this is about the half the hike that might have happened without government intervention.

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Affordable rental properties in Australian capital cities at ‘record low’

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Just 16.2% of all rentals listed for $400 or less in April 2023, down from 30.2% in 2022

The number of properties listed for under $400 per week has halved in the last year, new data from PropTrack shows.

The report, which analysed data from listings on realestate.com, found the rental crisis had worsened in the past 12 months. In 2022, it said, 30.2% of all rental listings were under $400 a week. That number has now dropped to 16.2%.

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Young Australians now the least likely to attend arts events as cost of living bites

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Report finds over-55s feeling more confident about spending and avoiding Covid-19 – but younger Australians and families are feeling the pinch

Older Australians are attending more live cultural events and spending more on tickets than they were six months ago despite the rising cost of living – but Australians under 35 are feeling the squeeze, attending fewer events and hunting for more freebies.

Inflation is leading half of Australian audiences to spend less on tickets and favour local events, according to a new report released by the Australia Council, which surveyed 1,318 recent attenders of cultural events.

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PM questions migration attacks – as it happened

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Plibersek says new coalmine approved ‘in accordance with the facts’ and law

Circling back to the environment minister’s interview with ABC Radio:

I need to make decisions in accordance with the facts and the National Environmental Law. That’s what I do with every project. That’s what’s happened here.

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Labor leaves door open for jobseeker recipients to work more hours before losing payments

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Treasurer says government won’t rule out adopting Peter Dutton’s proposal for social security recipients to be able to earn more before being penalised

The Albanese government has kept open the option of taking up the opposition’s proposal to increase the hours jobseekers can work before losing their payments.

The treasurer, Jim Chalmers, declined to rule out adopting the idea, saying the government was “always looking for ways to make it easier for people to participate in work”.

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Budget 2023 live updates: government ‘got the balance right’, PM says when pushed on inflation and $40 jobseeker rise – latest news

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Treasurer to resume spruiking his budget today at the press club in Canberra. Follow the day’s news and budget analysis, live

What about the jobseeker rate?

Anthony Albanese:

Reform is never done.

What we do as a Labor government is focus on what we can do for people, but we focus as well on doing it in a really practical way. I think one of the things that we need to examine, for example, with people who are on jobseeker, is how we improve employment services to get those long-term unemployed into work quite clearly. When you have an unemployment rate of 3.5% but you have a whole lot of people who are just stuck in, in unemployment, then what you need to do is to focus on how is it that the system can be reformed so that we provide those people with employment opportunities, because that’s the key.

You can’t do everything in every budget. And if I did that, you would be asking me questions about inflation. You’d be asking me questions about whether the deficit was too large. As it is what we’ve done is produce a projected surplus. We’ve got the balance, right, providing support, doing, I think, very significant changes.

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Rent in Australian capital cities climbs record 11.7% in 12 months

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Increase equivalent to $3,200 a year for tenants, with relief ‘unlikely’ in the short term as demand continues to outstrip supply

Renters in Australian capital cities have suffered the highest increase for a 12-month period since records began in 2007 as the nation’s housing crisis shows no sign of slowing down.

The combined capitals’ rental rate increased 11.7% over the past year, far above the average increase of 3.5%.

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Australia news live: RBA interest rates decision a ‘wake-up call’ for Labor, Angus Taylor says

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Chalmers promises ‘substantial cost-of-living relief’ for most vulnerable

Asked if the age of 55 is the distinction Jim Chalmers thinks should be made on jobseeker, the treasurer says:

The reason I’m using 55 is because the reports that we received women’s economic equality taskforce and the economic inclusion advisory committee, which has been, in welcome ways, discussed quite a lot on your program, say that women over 55 are the most vulnerable group amongst unemployed Australians.

We’ve indicated before that we want to do something to help them in particular, but again, without pre-empting what’s in the budget in a week’s time, there will be a number of elements to our cost-of-living relief. Not all of them will be determined by age. For example, our energy bill relief plan, which will be in the budget in a week’s time, is for people on pensions and payments right across the board, not limited by age.

Will you increase jobseeker for people aged over 55?

There will be responsible cost-of-living relief in the budget, and it will focus on the most vulnerable people. There will be a number of elements to it. It won’t all be limited to one cohort or another. But it will all be made clear in the budget.

First of all, the jobseeker payment already makes a distinction between workers closer to the age pension, older workers, it already pays a different rate at the moment for people over 60. And that’s in recognition that it is harder to find a new job at that end of your working life. That’s the first point.

The second point is related. All of the expert advice a lot of the analysis I’ve heard it on your show, and it’s been right, says that the group that’s most likely to be long-term unemployed – people over 55 – that that group is dominated by women that the most vulnerable part of the unemployed population in Australia is at the moment women over 55. And so that’s another issue that people need to factor in.

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Small businesses offered tax breaks for going green in federal budget – as it happened

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Marles on Australians caught in Sudan conflict

Asked about Australians caught in Sudan and the conflict there, Richard Marles says “there are still options out of Port Sudan which is on the Red Sea, which is, I think it’s about 800km out of Khartoum” to leave “what is obviously a deteriorating situation”:

There are ferries there and there may be other options coming out of that. I mean, the important thing is this – Australians in Sudan, and there do remain a number of Australians in Sudan, really need to make sure that they register.

We will continue to work with friends and allies and do everything that we can within our power to provide options for Australians who want to leave. Because we understand how difficult this situation is now.

Ultimately, our ambition is to establish a production line with companies in this country which would provide for the manufacture of those long-range strike missiles and doing as much of that as possible in the next couple of years. We hope that we can begin with the assembly of the strike missiles that go in the Himars system. But we want to build on that so that we’re actually manufacturing the full suite of these weapons in Australia.

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‘Latte line’: poverty rises in parts of Sydney as gap hardens between city’s east and west

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Exclusive: One in five renters are among 1 million living in poverty, according to New South Wales Council of Social Services

The “latte line” dividing Sydney’s western and eastern suburbs is hardening, with new research identifying deepening levels of poverty within already disadvantaged areas and groups.

A report commissioned by the New South Wales Council of Social Services (Ncoss) also found one in five renters are among more than 1 million people living in poverty in the state.

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Jim Chalmers promises cost-of-living relief in budget but won’t commit to raising jobseeker

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Treasurer says government’s focus remains on jobs as CEO of Acoss says increasing unemployment benefit still a ‘live debate’

The treasurer, Jim Chalmers, says there will be cost-of-living relief in the budget and the government will “prioritise the most vulnerable” but has still refused to commit to raising the jobseeker rate.

Labor backbenchers have broken ranks to publicly call on the government to adopt the first priority recommendation of the economic inclusion advisory committee and “substantially” raise the unemployment benefit.

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Australia news live: defence strategic review ‘a cannibalisation of army mobility’, Hastie says; Victorian jockey dies after race fall

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Review calls for ADF to develop ability to precisely strike targets at longer range and to develop stronger network. Follow the day’s news live

Plibersek v Joyce on Newspoll

In their regular spot on Sunrise, environment minister Tanya Plibersek and Coalition frontbencher Barnaby Joyce weighed in on those Newspoll results.

They’re very strong support numbers, and I tell you the reason is not based on polling but what people tell me when I’m out around the country.

People tell me that they’re pleased to see a government that is just getting on with the job, doing what we promised and they’re impressed that the prime minister is just sticking with what he said he’d do.

We don’t have an election tomorrow and that’s a good thing.

A lot of people are starting to focus now on issues such as the voice and saying, “I don’t feel comfortable with this.”

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Rental crisis: Airbnb and holiday home owners urged to let properties out to long-term renters

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Thousands of homes across Australia are listed on short-stay websites but councils’ call to action is ‘piecemeal approach’ to housing crisis, experts say

Councils across the country are urging people with empty holiday homes and Airbnbs to move them on to the long-term rental markets in a bid to deal with the housing crisis.

But policy experts say doing callouts to create more rental housing stock is “taking a piecemeal approach” to a crisis that needs urgent intervention.

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Australia news live: Liberal MPs praise Leeser’s decision to quit frontbench; contraceptive class action to begin in Melbourne

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Bridget Archer lauds former shadow minister’s ‘courage and integrity’. Follow live

Japanese hydrogen partners offer only short-term deals, want more funds

There’s been a few articles in the business media lately touting the promise of converting brown coal in Victoria into hydrogen and shipping the fuel to Japan.

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Australia’s richest captured 93% of economic growth between 2009 financial crisis and Covid, paper shows

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Wealthiest 10% captured growth in company profits while most Australians watched their real wages shrink, Australia Institute finds

A new paper from the Australia Institute shows 93% of the benefits of economic growth between 2009 and 2019 went to the top 10%, while the bottom 90% received just 7%.

The paper shows the share of economic growth going to the top 10% over that period was far higher in Australia than in other developed countries, including the US and Canada.

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