Australia’s economic ‘miracle’ is ending no matter who wins vote
japantimes.co.jpPublished: 4/29/2025
Summary
Australia’s "miracle economy," once celebrated for its sustained growth fueled by rapid immigration, property wealth, and China’s raw material demand, is now facing internal challenges. As these three key pillars weaken, voters in critical seats like Sydney’s Bennelong, Hunter’s rural areas, and Melbourne’s Kooyong are seeing living standards dip, while political visions from Labor and the center-right diverge, with independents emerging as a significant force.