New: You can now listen to articles.SYDNEY: Australia n Treasurer Jim Chalmers will reveal the country’s 2024 budget on Tuesday as concern grows over issues including an earlier surge in inflation, rising cost of living , high interest rates, and a worsening housing crisis.
Wages have also not been keeping up with the pace of inflation, and the job market is showing signs of weakening. While Australia’s Reserve Bank has decided to keep interest rates on hold for the moment, growing global uncertainty and a huge increase in immigration, is only adding to the country’s woes.
In the Sydney suburb of Edensor Park, a couple who were looking to downsize recently sold the home they had built nearly four decades ago for US$1.36 million.
Source: Real Estate Daily Report (realestatedailyreport.net)
Cost Of Living Housing
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