The World Watches as Australia Prepares for Youth Social Media Ban

Good morning and welcome back. We’re kicking off the week with a close look at how Australia’s trailblazing move to ban young people from popular social media services like TikTok and Instagram is paving the way for other countries. From Dec. 10, platforms in Australia will be required by law to block under-16s from holding accounts or face fines. My colleagues have spoken to policymakers around the world who say they’re watching Australia’s rollout closely — and preparing to follow suit. - Ainsley Thomson, wealth deputy team leader

Australian home prices extended gains in November as demand continued to outstrip supply. The Home Value Index jumped 1.0% following a 1.1% gain in October, property consultancy Cotality said. Perth led the increases with 2.4%, while Sydney notched 0.5% growth and Melbourne climbed 0.3%.