In a country where housing costs have become a defining anxiety, Australia's Reserve Bank governor Michele Bullock offered a careful corrective to a familiar political reflex: migration, she argued, is not the engine of inflation it is often made out to be, but rather a quiet sustainer of growth in an economy where productivity has lost its momentum. The exception — and it is a significant one — is housing, where the pace of human arrival has outrun the slower rhythms of construction and planning. Separately, Bullock turned her gaze toward artificial intelligence, raising the possibility that
RBA chief: migration drives growth, not inflation—but housing market bears the cost
An 11-year-old boy was shot in the face and neck in Sydney and remains in critical condition; police are investigating possible organized crime links.