From a human perspective, family relationships are under immense pressure and lots of people aren't doing OK. Ordinary Australians can't keep up with the cost of everything: food, petrol, electricity, gas and, of course, housing.
When it comes to the regulation of social media, the focus has rightly been on its impact on children and young people. We've seen heartbreaking stories of young lives lost due to online bullying, with cruelty that spreads quickly and unchecked.
In the 2024 Western Sydney Youth survey, 84 per cent of respondents said they have little confidence they will ever own their own home. Labor promises more houses, including through the built-to-rent scam – a non-solution that shifts the focus away from home ownership and locks people to tenancy treadmills for life.
“We have to ensure that we haven’t not only shut the gate, but locked it and bolted it and then welded it shut,” Senator Kovacic said the challenge with the serviceability test was that APRA was always much quicker to raise it than it was to reduce it.
Small businesses are literally the backbone of our economy, accounting for 97.2% of all businesses, which is why each of us will probably interact with one on a daily basis.
ASIC reported 11,053 businesses failing in the first half of the 2024/2025 financial year alone – the highest six-month total on record. Construction accounts for more than a quarter of all business failures.
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