Budget pressures mount as confidence hits record low
Australian households face recession-like conditions as consumer confidence falls to an all-time low amid multiple interest rate rises. Mortgage holders are paying an average extra $500 per month, while petrol prices reach $2.45 per litre. A new 28-storey Brisbane apartment development features 394 bicycle spaces but zero residential parking spots, sparking debate about car-free urban living in Australian cities.
See omnystudio.com/listener for privacy information.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.