AGP Executive Report
Last update: 3 hours agoPublic Safety: NSW is introducing 250 heavily armed officers to patrol major events and public spaces after the Bondi Beach shooting killed 15 people, prompting concerns about militarised policing. Cost of Living: The Reserve Bank lifted its cash rate to 4.85%, an 18-year high and fifth increase this year. CBA forecasts home prices will fall 8% in 2026 and a further 3% in 2027 as higher borrowing costs weigh on buyers. Children Online: The High Court has heard challenges to Australia’s under-16 social media ban. The government says it protects children; Reddit and a rights group argue it restricts political communication. A ruling is expected in the coming months. Defence: An independent inquiry urged the government to end AUKUS, calling the submarine pact Australia’s riskiest and costliest defence decision. Overseas Tragedy: Two Australians were confirmed dead in Spain’s high-speed train crash. Household Budgets: Spending rose 0.6% in September, led by higher transport and health costs.
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