Frances Du

3 weeks ago | news.bloombergtax.com | Frances Du |Ben Westcott

Australians will vote in a May 3 ballot in which Prime Minister Anthony Albanese is campaigning to become the nation’s first leader in more than two decades to win back-to-back elections. But Albanese must first overcome a rising tide of disillusion in the electorate after three years of resurgent inflation and high interest rates that, combined with a housing shortage that sent rents soaring, triggered a cost-of-living crisis in the nation.

3 weeks ago | news.bloomberglaw.com | Frances Du |Ben Westcott

Australians will vote in a May 3 ballot in which Prime Minister Anthony Albanese is campaigning to become the nation’s first leader in more than two decades to win back-to-back elections. But Albanese must first overcome a rising tide of disillusion in the electorate after three years of resurgent inflation and high interest rates that, combined with a housing shortage that sent rents soaring, triggered a cost-of-living crisis in the nation.

3 weeks ago | bloomberg.com | Frances Du |Ben Westcott

Australians will vote in a May 3 ballot in which Prime Minister Anthony Albanese is campaigning to become the nation’s first leader in more than two decades to win back-to-back elections. But Albanese must first overcome a rising tide of disillusion in the electorate after three years of resurgent inflation and high interest rates that, combined with a housing shortage that sent rents soaring, triggered a cost-of-living crisis in the nation.

3 weeks 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.

1 month 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.