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How Airbnb became an election issue across Australia

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In the midst of a national housing crisis, exacerbated by a surge in Airbnb listings, state and federal leaders are now being drawn in on the role of short-stay accommodation.

“It’s a systemic issue,” Pattie Chugg, CEO of Shelter Tasmania, told the ABC, emphasising the severity of the housing crunch affecting not only low-income earners but also those with moderate incomes.

Tasmania’s upcoming election has become a battleground for housing reform, with radical proposals emerging to address the pressing crisis.

From ‘no deposit’ home loans to subsidies for renters, political parties are scrambling to win over voters by tackling the contentious issue of Airbnb’s impact on the housing market.

Photograph: Pavlo Gonchar/SOPA Images/Rex/Shutterstock

Couch surfing

What began as an adventurous experience of ‘couch surfing’ has devolved into a draining cycle of vulnerability and uncertainty.

Recent data from the Australian Bureau of Statistics paints a grim picture, revealing a staggering 45% increase in homelessness in Tasmania over five years.

With rents skyrocketing, renters are feeling the squeeze, struggling to keep up with escalating costs.

Tasmania’s population boom, coupled with a surge in tourism, has only exacerbated housing shortages and rental market distortions.

Amid the crisis, the controversy surrounding Airbnb has taken center stage in Tasmania’s election campaign.

Election issue

Both major parties, along with the Greens, have unveiled ambitious plans to address the issue, ranging from stricter regulations to outright bans on new Airbnb listings.

However, concerns linger over the efficacy of proposed solutions, with experts cautioning against measures that could further inflate housing prices without addressing underlying supply constraints.

As Tasmania heads to the polls, the Airbnb controversy has become emblematic of broader housing woes, capturing the attention of policymakers nationwide.

In states like Queensland, the Northern Territory, and the Australian Capital Territory, where elections loom on the horizon, housing issues, particularly the impact of short-stay accommodation, are expected to dominate the agenda.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Australia revises superannuation tax plans for fairness

Australia revamps retirement tax with new thresholds and increased support for low-income earners amid political pressure

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Australia revamps retirement tax with new thresholds and increased support for low-income earners amid political pressure

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In Short:
– Treasurer Jim Chalmers announced a 40% tax on retirement balances over $10 million, aiding low-income earners.
– The reform improves the Low Income Superannuation Tax Offset, helping 1.3 million Australians with higher annual payments.
Australian Treasurer Jim Chalmers announced a significant overhaul of the government’s superannuation tax proposal.The new plan introduces a 40 percent tax rate on retirement balances exceeding $10 million while increasing support for low-income earners.

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The announcement comes after months of political and industry pressure and represents a major shift from the original policy.

It addresses prior criticisms related to indexation and taxation of unrealised capital gains.

Under the revised policy, balances between $3 million and $10 million will face a 30 percent concessional tax rate.

Both thresholds will now be indexed to inflation to prevent bracket creep affecting middle-income Australians.

The government has also removed taxes on unrealised capital gains, with changes applying solely to realised earnings from 2026.

“This has been a contentious policy,” Chalmers stated, indicating that it affects less than 0.5 percent of Australians, with about 80,000 anticipated to have over $3 million in superannuation next year.

Key Benefits

The reform package significantly improves the Low Income Superannuation Tax Offset (LISTO).

Annual payments will rise from $500 to $810, with an increased eligibility threshold from $37,000 to $45,000 by 2027.

This adjustment will assist approximately 1.3 million Australians, mainly benefiting women.

Eligible workers could gain around $15,000 in retirement, increasing LISTO eligibility to 3.1 million Australians.

The changes could generate about $1.6 billion in net revenue by 2028-29, a decrease from the original $2.5 billion projection due to enhanced LISTO benefits and extended implementation.


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Bitcoin declines to $104,782 amid trade tensions

Bitcoin drops to $104,782 as Trump intensifies US-China trade tensions, impacting global markets

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Bitcoin drops to $104,782 as Trump intensifies US-China trade tensions, impacting global markets

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In Short:
– Bitcoin dropped to $104,782 due to heightened US-China trade tensions.
– The S&P 500 Index fell over 2% amid escalating market uncertainty.
Bitcoin fell to $104,782 amid escalating US-China trade tensions.On October 10, U.S. President Donald Trump announced a significant increase in tariffs on Chinese goods, raising them to 100%.

The decision follows China’s recent restrictions on rare earth mineral exports, which are crucial for various technologies and manufacturing sectors.

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The trade dispute affected global markets, resulting in a more than 2% decline in the benchmark S&P 500 Index.

Bitcoin experienced an 8.4% drop at $104,782 by 17:20 ET, while Ethereum, the second-largest cryptocurrency, fell by 5.8% to $3,637 at 17:21 ET.


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Gold plunges as investors react to Middle East ceasefire

Gold prices fall over 2% to below $4,000, as investors shift from safe-haven assets after Gaza ceasefire news.

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Gold prices fall over 2% to below $4,000, as investors shift from safe-haven assets after Gaza ceasefire news.


Gold prices have fallen sharply, dropping over two per cent to below $4,000 per ounce, as investors took profits following the announcement of a Gaza ceasefire agreement. The deal between Israel and Hamas triggered a shift away from safe-haven assets, with silver and platinum also sliding.

The U.S. dollar strengthened as markets responded to the news, making precious metals more expensive for foreign buyers. Analysts say the pullback is likely temporary, with long-term demand for gold and silver expected to remain strong amid global instability and rising debt levels.

Market experts warn that volatility will continue as geopolitical tensions persist, even as short-term optimism grows around the Middle East peace process.

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