Frances Du

6 days ago | bloomberg.com | Frances Du |Swati Pandey

The Paddington neighborhood of Sydney, Australia. (Bloomberg) -- On a quiet bend of Selwyn Street in Sydney’s affluent Paddington, two run-down homes stand as stark symbols of Australia’s escalating housing crisis. Home to elderly, low-income men, the buildings sit among elegant Victorian terraces on some of the country’s most coveted real estate — a magnet for investors in one of the world’s most expensive property markets.

2 weeks ago | bloomberg.com | Ainsley Thomson |Frances Du

Australia’s center-right opposition vowed to reduce the allocation of international students if it wins office next month, saying the move would ease pressure on the nation’s overstretched housing market. Opposition Leader Peter Dutton said the Liberal-National coalition plans to introduce a percentage cap — expected to be about 25% — on new overseas student commencements at universities and other higher education institutions starting next year.

1 month ago | bloomberg.com | Frances Du |Ainslie Chandler |Ben Westcott

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1 month ago | yahoo.com | Frances Du |Ainslie Chandler |Ben Westcott

(Bloomberg) -- As Australians prepare to head to the polls, the government unveiled its 2025-26 federal budget, which promises further relief for all taxpayers, as well as some incentives for families with kids in early childhood education, student debt holders and beer drinkers. Here’s a breakdown of some of the winners and losers in Treasurer Jim Chalmers’ pre-election fiscal blueprint.