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Property
Australia’s $15bn housing plan faces soaring costs and policy hurdles
Australia’s housing goal faces $15.2 billion cost surge, raising doubts about affordability reforms amidst global cautionary lessons.
Australia’s housing goal faces $15.2 billion cost surge, raising doubts about affordability reforms amidst global cautionary lessons.
Australia’s ambitious plan to build 1.2 million new homes by 2029 is under pressure, with projected costs now soaring to $15.2 billion—$3.8 billion higher than Treasury forecast last year. The surge has raised serious questions about whether the target is achievable and what reforms could actually make housing more affordable.
Terry Ryder from Hotspotting explains how construction bottlenecks, labour shortages, and rising materials costs are slowing progress. He also warns that first-homebuyer grants may be ironically pushing prices higher rather than helping, and that deregulation and skilled migration could be crucial to achieving housing goals.
Looking overseas, failed housing strategies in the US, UK, Canada, and New Zealand offer cautionary lessons for Australia. Ryder highlights how these challenges will not only affect first-time buyers but also investors and broader property market confidence, making reform urgent if the housing crisis is to be addressed.
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#PropertyMarket #HousingPolicy #FirstHomeBuyers #PropertyInvesting #UrbanPlanning #SkilledMigration #Hotspotting #TickerNews
Leaders
SMEs struggle in global supply chains: Building national trade resilience
Bronwyn Reid highlights challenges for SMEs in global supply chains and the need for national trade resilience
Bronwyn Reid highlights challenges for SMEs in global supply chains and the need for national trade resilience
– Bronwyn Reid highlights challenges SMEs face in global supply chains, including unclear requirements and limited capacity.
– Trust and ESG compliance are critical for SMEs, requiring large companies to simplify their demands for better relationships.
Bronwyn Reid from Small Company, Big Business highlights the challenges that small and medium-sized enterprises (SMEs) face within global supply chains and emphasizes the importance of building national trade resilience.
Reid identifies a “gap effect” in the relationship between large firms and SMEs, consisting of three key disconnects. Large companies often impose stringent requirements on SMEs, which may lack the resources to meet them, resulting in unclear expectations and frequent changes. Many SMEs struggle to keep up due to limited capacity and staffing constraints.
Significant potential
She stresses that national trade resilience depends on the depth of supply chains, not just cost efficiency. Shallow supply chains are vulnerable, as demonstrated during the disruptions caused by COVID-19. In Australia, the economic relationship between large companies and SMEs is valued at around $500 billion, highlighting significant potential to strengthen these partnerships.
Trust has become a critical factor in supply chain relationships, alongside delivery times and pricing. According to the Edelman Trust Barometer, 78% of people trust their employers, while only 64% trust businesses more broadly. Environmental, Social, and Governance (ESG) compliance has also become essential, but SMEs face challenges navigating complex and shifting requirements. Reid advises SME owners to simplify their approach to ESG, while urging large companies to adjust their expectations to better support smaller partners.
For more information, visit Bronwyn Reid.
Ticker Views
Backlash over AI “Indigenous Host” sparks ethical debate
AI-generated “Indigenous host” sparks controversy, raising ethical concerns about representation and authenticity in social media.
AI-generated “Indigenous host” sparks controversy, raising ethical concerns about representation and authenticity in social media.
A viral social media account featuring an AI-generated “Indigenous host” is drawing criticism from advocates and creators alike, raising questions about authenticity, representation, and ethics in the age of artificial intelligence. Critics argue that AI characters can displace real Indigenous voices and mislead audiences.
Dr Karen Sutherland from Uni SC discusses how AI is reshaping identity on social media and why the backlash over this account has ignited a wider conversation about “digital blackface” and the ethics of AI-generated personalities. She explores the fine line between education, entertainment, and exploitation.
The discussion also dives into monetisation, platform responsibility, and the broader risks AI poses to media and cultural representation. As AI becomes increasingly sophisticated, audiences and creators alike must consider what authenticity truly means online.
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#AIControversy #IndigenousVoices #DigitalBlackface #SocialMediaEthics #AIIdentity #OnlineBacklash #MediaEthics #RepresentationMatters
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