Australia news LIVE: House values tumble as economy struggles; PM touts international coverage of social media ban

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Australia news LIVE: House values tumble as economy struggles; PM touts international coverage of social media ban

//science-technology.news-articles.net/content/2 .. -international-coverage-of-social-media-ban.html

Published in Science and Technology on Monday, December 2nd 2024 at 2:32 GMT by Tim Hastings
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Amid signs the economy continues to face headwinds, CoreLogic data to be released on Monday shows Sydney house values fell by 0.4 per cent in November while they dropped by 0.5 per cent in Melbourne.

The article from The Sydney Morning Herald discusses several key economic and political developments in Australia. House values have experienced a significant decline, reflecting broader economic struggles. This downturn in property prices is attributed to various factors including rising interest rates and economic uncertainty. Concurrently, Prime Minister Anthony Albanese has been promoting international coverage of Australia's decision to ban social media platform TikTok on government devices, citing national security concerns. This move has sparked discussions on digital rights and security. Additionally, the article touches on the ongoing cost-of-living pressures, with inflation rates still high, affecting consumer spending and confidence. The government's response to these economic challenges includes potential policy adjustments and support measures to stabilize the economy.

Read the Full Sydney Morning Herald Article at:
[ https://www.smh.com.au/national/australia-news-live-house-values-tumble-as-economy-struggles-pm-touts-international-coverage-of-social-media-ban-20241202-p5kv06.html ]