Dutton Unveils Housing Plan Amid Student Cap Cut

Peter Dutton, leader of Australia's Coalition, has announced a multi-faceted strategy to address the nation's housing crisis, including a $5 billion investment to build 500,000 homes and policies to support first-time buyers, such as early superannuation access for house deposits. The Coalition plans to ban foreign home buyers and deregister the CFMEU, citing its role in increased construction costs. Additionally, the Coalition intends to reduce the number of international students by 80,000, capping new enrolments at publicly-funded universities and significantly increasing student visa fees. This move follows the rejection of a previously proposed cap and aims to limit foreign student admissions primarily in metropolitan institutions. Meanwhile, in the United States, President Trump's new 10% tariff on imports from several countries, including Australia and Britain, has taken effect, leading to a $5 trillion loss in the S&P 500 index due to global market instability.