AGP Executive Report
Last update: 11 hours agoMigration shake-up: Home Affairs Minister Tony Burke has unveiled long-awaited reforms aimed at cutting net overseas migration to 245,000 this year and 225,000 thereafter, with tighter rules for international students’ family access, fewer backpacker visa extensions, and tougher action on “visa hopping” and rogue agents—moves analysts say are also shaped by One Nation’s political momentum. Housing & tax pressure: New ATO-based analysis flags negative gearing changes as a major risk for outer-Sydney renters, while separate data shows Victoria’s rental market swung from profit to a $2.53bn loss as holding costs rose. Cost-of-living hit: The age pension is set to rise next week, lifting maximum rates for singles by $36.80 a fortnight, but ACCC warns airfares may keep climbing as oil and Middle East risks bite. Workforce pipeline: Returned seasonal workers in Fiji are being trained to turn PALM earnings into local businesses, highlighting how labour mobility can feed small enterprise at home. Tech & workplace rules: Australia is considering banning camera-equipped smart glasses in government workplaces and is also convening employers to shape AI use guidelines.
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