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As house prices soar and home ownership slips out of reach, Australia’s property market has become a $10 trillion engine of inequality — and yet, no major party will touch it. With an election looming, silence on the housing crisis reveals a deeper dysfunction: a political economy captive to debt and speculation.
Australia’s Federal Budget offers a mix of tax cuts, spending increases, and modest relief for households, but fails to address the seismic shifts in global economics. With rising defense spending and minimal solutions for mounting debt, it remains unclear whether this budget can navigate the country’s economic vulnerabilities in an unpredictable world.
Soaring property prices and declining fertility rates are entwined in a feedback loop, threatening long-term economic stagnation. As younger Australians are priced out of the market, many are delaying or forgoing parenthood, leading to an increasingly divided and unsustainable society.
As continued high interest rates and stagnant incomes put a strain on households, leading more Australians give up on the dream of home ownership, government attempts to manage both the cost of living crisis and the housing crisis may be doing too little too late.
With soaring Australian house prices creating a generational wealth divide, the increasing inequity of the property bubble is damaging to Australian society. Could diversifying investment options, like industry super funds, lure people away from property and cool the market?
How do you respond, when members of your own tribe share their distaste towards those who rub them up the wrong way? Do you ‘unfollow’? Do you engage? And if you vent against those who who offend with their own dearth of tolerance, are you guilty of doing the same?
It's been eight months since the Voice referendum, and people are starting to grapple with what its defeat means for Australia. There are few voices in Australia as qualified to conduct a postmortem of the outcome of the Voice referendum campaign as Frank Brennan. We examine what lessons can be learned and crucually, whether there’s reason for hope for Indigenous constitutional recognition.
In Still Alive: Notes from Australia’s Immigration Detention System (2021), artist Safdar Ahmed shares the harrowing stories of asylum seekers through comic art. He vividly depicts their plight by incorporating artwork from a drawing group he started at Villawood Detention Centre.
Early every month Australians with big mortgages anxiously wait to find out if the Reserve Bank will raise interest rates and put more pressure on their domestic budgets. It is a bit like waiting for pronouncements from the modern day equivalent of the Delphic oracle.
The reissuing of a record is not just news for the record, it’s also a reissuing of that part of the life of the listener who knew the original. Thus it is with Richard Clapton, his debut album Prussian Blue, and me.
The referendum result was a disaster for the country and a tragedy for First Australians and there has been little appetite for public discussion about lessons to be learnt from this abject failure. If we are to move forward, it’s time to begin the conversation about past mistakes.
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