Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

How Airbnb became an election issue across Australia

Published

on

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.

Continue Reading

Money

Hainan’s hidden paradise is transforming the global economy

Published

on

Once a quiet island, now a booming gateway—how Hainan is becoming a powerhouse of trade, innovation, and opportunity

The Big Picture unveils the incredible story behind China’s newest economic powerhouse. Host Mark Llewellyn explores a tropical island that has been transformed into a thriving hub for Australian and international businesses. As part of the Fortune Bay economic zone, this region is poised to drive China’s economy—and global growth—over the next decade. With ambitious plans in place, the opportunities for innovative and successful Australian businesses could be immense.

In this episode, discover China’s best-kept secret, where the rapidly evolving, visa-free, and largely tax-free island of Hainan is unveiled to the world for the first time. With its booming economy and vast untapped potential, Hainan presents a golden opportunity for Australian businesses looking to break into the world’s largest market. Journey through breathtaking landscapes, meet visionary leaders, and explore bold innovations shaping this emerging economic powerhouse—one poised to drive global growth for the next decade.

 

Continue Reading

Money

From fishing village to tech titan—Guangzhou and Shenzhen are shaping our future

Published

on

How two Chinese megacities became the beating heart of innovation, trade, and global ambition

The Big Picture unveils the incredible story behind China’s newest economic powerhouse. Host Mark Llewellyn explores a tropical island that has been transformed into a thriving hub for Australian and international businesses. As part of the Fortune Bay economic zone, this region is poised to drive China’s economy—and global growth—over the next decade. With ambitious plans in place, the opportunities for innovative and successful Australian businesses could be immense.

In this episode, Mark Llewellyn explores the economic dynamism of Guangzhou and Shenzhen—two of China’s most vibrant cities brimming with opportunity. From Guangzhou, home to 30,000 foreign-owned companies and a rich cultural tapestry, to Shenzhen, which has evolved from a fishing village into a high-tech ‘Silicon Valley’ powerhouse, this episode uncovers the forces driving their success. Get an exclusive look inside DJI, the world’s largest drone manufacturer, and meet the visionary minds shaping the future of technology.

Continue Reading

Money

Market speculation rises, fueling concerns about correction

Investors are concerned about market speculation amid rising options trading and booming meme stocks and cryptocurrencies during a lengthy bull market.

Published

on

Investors are concerned about market speculation amid rising options trading and booming meme stocks and cryptocurrencies during a lengthy bull market.

In Short

Investors are worried about rising speculation in options, meme stocks, and cryptocurrencies, which may lead to market corrections despite ongoing enthusiasm. Analysts highlight elevated stock valuations and concerns over inflation and interest rates as key risks for future market stability.

Despite challenges such as trade wars and competition from AI, enthusiasm remains high. However, some traders fear that this speculation could lead to significant market corrections.

Seema Shah, a strategist at Principal Asset Management, has noted increasing signs of market froth, suggesting vulnerability to disappointments.

A key indicator of this is the strong performance of popular stocks like Palantir Technologies, which saw a significant increase following positive sales growth, and Strategy, a company heavily invested in Bitcoin.

Meme stocks, including GameStop and BlackBerry, have also experienced notable price increases, raising questions about market behaviour.

Record volumes

Options trading is surging, with record daily volumes noted in January, indicating heightened activity among traders looking for quick profits.

Speculation is spreading beyond traditional markets into prediction markets and cryptocurrencies, with Bitcoin reaching record highs in January.

Meme coins, which derive value from internet popularity, have also gained traction, while overall stock valuations appear elevated compared to historical averages.

Although elevated valuations do not guarantee a selloff, they pose risks to long-term returns and are closely tied to the needs for strong corporate earnings.

Analysts warn that persistently high inflation could disrupt current market conditions, especially if interest rates remain elevated.

Continue Reading

Trending Now