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Leaders

Australia’s housing crisis demands urgent government intervention

Australia’s housing crisis worsens, with soaring rents and rising homelessness; urgent government intervention needed for affordable housing solutions.

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Australia’s housing crisis worsens, with soaring rents and rising homelessness; urgent government intervention needed for affordable housing solutions.

In Short

Australia faces a housing crisis with soaring rents and rising homelessness, as government housing development has plummeted. Martin Kennedy urges government intervention to provide at least 10% of new homes to tackle the issue effectively.

Australia is currently experiencing a severe housing crisis marked by skyrocketing rents and rising homelessness, with 10,000 individuals becoming homeless each month.

Martin Kennedy, Executive Manager of Public Affairs at Home In Place, highlights the failure of relying solely on the private sector for housing. In the past, government involvement in housing development was significant, accounting for 15-20% of new homes. However, this percentage has drastically declined to about 1-2% today.

Kennedy notes that house prices have outpaced wages, leading to higher rents and a rationing of social housing. This situation has left many full-time workers at risk of homelessness, indicating a major systemic failure.

The “One in 10” initiative calls for the government to provide at least 10% of new homes, reinstating a practice that worked effectively for decades. Kennedy argues that housing is as essential as education and healthcare, yet the current private-sector-dominated housing market fails to meet the needs of low to moderate-income individuals.

He suggests that the government must return to building affordable housing to address this crisis. With vacancy rates tightening and rising rents affecting families, Kennedy asserts that government intervention is crucial for resolving the housing shortage.

As Australia prepares for an upcoming federal budget and election, he encourages the public to advocate for change by contacting their local representatives and addressing this pressing issue.

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Leaders

Wealth building requires discipline over chasing returns

Australians urged to prioritise disciplined investing over chasing high returns amidst concerns of an impending asset bubble

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Australians urged to prioritise disciplined investing over chasing high returns amidst concerns of an impending asset bubble.

In Short:
– Australians are building wealth through disciplined saving and investing rather than chasing high returns.
Bryce Jenkins warns against heavy investments at market peaks due to risks from asset bubbles.

Australia’s financial landscape is evolving as individuals pursue disciplined wealth-building habits. Bryce Jenkins from The Virtuous Collective emphasises that it is not investments that lead to wealth but rather the consistency of disciplined saving and investing.

Recent market trends indicate that exceptional returns seen in property, cryptocurrencies, shares, and bonds may not persist. Jenkins argues that committing additional capital to a portfolio has a more significant impact on wealth than simply chasing high returns.

He cites scenarios from his book, “11 Unpopular Reasons Why I’m Rich and You Are Not,” illustrating how even small capital injections can significantly benefit investors over time.
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Leaders

Rising workplace loneliness sparks leadership rethink in Australia

Australian workplaces face rising loneliness, prompting calls for leaders to enhance authentic communication according to new employee report

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Australian workplaces face rising loneliness, prompting calls for leaders to enhance authentic communication according to new employee report.

In Short:
– Australian workplaces face rising unhappiness, prompting calls for authentic executive communication and insights on challenges.
– Nearly half of Australian employees feel lonely, affecting productivity, with effective communication crucial for engagement.

As unhappiness and distrust rise in Australian workplaces, this year’s employee communication impact report calls for authentic communication from executives.

David Burnand from Staffbase provides insights into the challenges facing employers. Employers often express a desire for authenticity but fear potential backlash.

This concern is exacerbated by the current emphasis on productivity, which can overshadow the need for genuine communication. Many HR managers advise caution, suggesting that leaders should remain reserved, which impacts workplace dynamics.Banner

In Australia, nearly half of the workforce experiences some level of loneliness, often due to disconnection from their organisations.

This sense of isolation correlates with a 23% increase in job-seeking behaviour and significantly lowers productivity.Download the Ticker app

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Leaders

AI Baby Sleep Help: How Technology Is Changing Parenting

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AI offers personalised support to overwhelmed parents seeking smarter solutions for baby sleep challenges.

In Short:
– Parents are seeking effective sleep solutions for babies, with AI offering personalised support.
– Camille Jaramis aims to simplify parenting information by providing tailored and empathetic AI responses.

Parents are increasingly seeking effective ways to help their babies sleep. Artificial intelligence is emerging as a solution, providing personalized support to families overwhelmed by information. Camille Jaramis from Ask Yawn shared insights into the challenges parents face. She highlighted that while parenting isn’t inherently broken, the existing system often complicates things. With her background as a certified sleep consultant, Jaramis aims to simplify parenting information.Banner

The abundance of resources can overwhelm parents. Jaramis compared parenting advice to a vast library, where finding specific information feels daunting. The solution is a librarian-like tool that interacts with parents to find tailored resources quickly.

Jaramis emphasised the importance of clarity for parents, noting that every child’s journey is unique. Traditional search engines often lead to generic advice, making it challenging to find relevant solutions. AI can streamline this process by delivering tailored responses instead of overwhelming the user.Download the Ticker app

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