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

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 ]