Australia's housing downturn is making home ownership more attainable, but it is also affecting the economy and reducing state budget revenues.

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This tornado was intercepted by a local in Ulladulla, NSW on the 3 October, 2026 causing damage to properties.

Captured by Brad Collins.

Australian households face a two-speed economy where some absorb cost-of-living pressures by cutting discretionary spending on services like Uber Eats and streaming platforms, while others with large mortgages struggle significantly. Census data reveals Australia now has more OnlyFans creators than electricians, bus and train drivers combined, though most creators likely earn little to no income. A new Queensland campaign pushes for daylight saving adoption, with over 70% of southeast Queensland residents supporting the change despite the last referendum occurring in 1992.

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Tech giants OpenAI and Anthropic have been summoned to appear before an Australian Parliamentary inquiry into Artificial Intelligence.

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