Australia politics live: Coalition to heavily cut net migration and shred 96% of house construction code; CBA posts bumper $11bn profit

Policy comes as debate continues over causes of and solutions to housing issues. Follow today’s news live We have a risk that Australians can’t afford to rent or to buy their own home by the government’s own budget design. There are some places in the country where you will get cold spells or hot spells for a very small amount of the year, whereas for the rest of the year, it’s not necessary … Some people call it putting a jumper on in winter rather than spending huge amounts of money, tens of thousands of dollars.