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05.12.25 - 19:36
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′Enclaves for the rich′: new luxury housing is putting parts of Sydney out of reach to all but the very few (The Guardian)
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A wave of redevelopment in Bondi, the inner city and lower north shore is pricing people out – even while governments profess to be focused on affordabilityGet our breaking news email, free app or daily news podcastBondi used to be home to surfers, backpackers and artists. But the bohemian vibe of Sydney's most famous beach risks being swamped by a wave of high-end developments.Older apartment blocks that provided affordable housing are being bought by companies and wealthy individuals, who are turning them into smaller blocks with fewer luxury dwellings, or sometimes single homes. Continue reading......
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04.11.25 - 08:06
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RBA holds official interest rate at 3.6% while warning of rising house prices and rents (The Guardian)
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Reserve Bank's decision to leave cash rate on hold was widely expected and major banks predict no interest rates cut until 2026Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has left the official interest rate on hold, as it warned house prices and rents will rise in 2026 after a surprise rebound in inflation.The RBA's monetary policy board on Tuesday unanimously voted to keep the cash rate at 3.6%, where it has sat since August. Continue reading......
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