Australia is facing a mix of economic challenges and social controversies as a massive crocodile relocation sparks local anger, while homeowners experience relief from mortgage pressures. The political landscape is also shifting with debates over climate policy intensifying within the Liberal party.

Crocodile Relocation Causes Outrage
A saltwater crocodile named Old Faithful, measuring over four meters, has been relocated to Australia Zoo on the Sunshine Coast after being removed from its habitat in far north Queensland. The move has drawn criticism from traditional owners of the land, who expressed their anger over the crocodile's removal, calling it a "cover-up" by conservationists. The zoo announced that it would serve as the "forever home" for Old Faithful, but the controversy surrounding the decision continues to unfold.

Economic Relief for Homeowners
Amid rising economic pressures, Westpac has reported a significant decrease in mortgage arrears as homeowners benefit from recent interest rate cuts. The bank noted that the number of homeowners falling behind on repayments has declined, providing a much-needed reprieve from the cost of living pressures that have affected many Australians. However, challenges remain, with inflation and unemployment on the rise, indicating a complex economic landscape.

Surge in Home Loan Applications
Westpac also revealed a dramatic increase in home loan applications following the Australian government's expansion of its first home buyers scheme. The bank reported a 150% jump in applications in October 2025 compared to the previous year, as first-time buyers take advantage of the new 5% deposit scheme. This surge reflects the growing demand in a hot property market, which is experiencing its fastest pace of growth in years.

Political Turmoil Over Climate Policy
The Liberal party is currently facing internal strife regarding its commitment to net zero emissions. Calls for a special meeting have emerged as factions within the party, aligned with leadership rival Angus Taylor, urge a departure from the net zero pledge. This division highlights the ongoing tensions within the party as they navigate the complexities of climate policy and public sentiment.

Celebrity Sightings at High-Profile Events
In lighter news, Gina Rinehart, Australia's richest person, was spotted at Donald Trump's Halloween party at Mar-a-Lago. The mining billionaire, known for her support of the controversial former president, was seen engaging with Trump during the event. This appearance has drawn attention, further intertwining Australian business figures with international political circles.

Wrap-up
Australia is currently grappling with significant economic pressures and social controversies, highlighted by the crocodile relocation incident and the ongoing political debates surrounding climate policy. While homeowners are experiencing some relief, the future landscape remains uncertain as various factors continue to influence the nation.

Sources
theguardian.com

@hoju-korean.com Editorial Team