Australia news live: Paterson says PM’s AI hack timing not a coincidence; gen Z going without for a house
Follow the day’s news live Get our breaking news email , free app or daily news podcast Australia’s Gen Z are the generation most willing to cut their spending way back to afford a home, according to Cotality data reported by AAP. The figures show more than 75% of all Australians were curbing their outgoings in pursuit of property, meaning we are more likely to do so than our Canadian, US and UK…
Australia's Gen Z generation is leading the trend of cutting spending to afford a home, with over 75% of Australians curbing their outgoings to pursue property, according to Cotality data reported by AAP. This makes them more likely to do so than their peers in Canada, the US, and the UK, where the figures were below 70%. Many are prioritizing saving by delaying experiences like travel or reducing expenses such as dining out, opting instead to buy homes in cheaper markets or in areas where they want to live.
While there are questions surrounding the timing of the Prime Minister's AI hack disclosure, experts believe it was not a coincidence and aligns with his political agenda in New York City.
Written by urgent.news from The Guardian Australia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.