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Australia’s Gen Z are the generation most willing to cut their spending way back to afford a home, according to Cotality data reported by AAP.
The figures show more than 75% of all Australians were curbing their outgoings in pursuit of property, meaning we are more likely to do so than our Canadian, US and UK peers (for whom the figures sat below 70%).
For many, it’s around delaying things like going away, or reducing things like dinners out. People are leaving where they want to live and buying in cheaper markets.
People are being conservative and cautious.
The government has questions to answer about when they knew and … why the prime minister decided to disclose it in the way he did in the place he did at the time he did. But in terms of the nature of the potential of actual security breach this is the bottom end of the spectrum of seriousness.
I don’t think it was a coincidence. I think it neatly dove-tailed with the political agenda the prime minister has in New York City. Continue reading...