The starting point for any useful discussion of housing policy is an acknowledgment that prices and rents should not keep rising.
Neither party is capable of that yet.
theguardian.com/australia-ne… 1/2
The Reserve Bank’s struggle to tame inflation is being exacerbated by $230bn worth of state and territory infrastructure spending and a failure to slow the mammoth pipeline of road, rail and energy projects. theaustralian.com.au/nation/…
Great from @tomdusevic:
"Does Albanese take the well-worn road of ever more debt, with its risky delusions of exceptionalism and free money? Or can it reinvent how we earn our way in the world via its work-in-progress brand of values-based capitalism?"
theaustralian.com.au/inquire…
Price controls look to be more important for child care than rents. Average annual growth for child care prices (gross) last 18 years 6% compared to rents 2.7% and the overall CPI 2.5%.
Australia recorded the largest annual population increase in the nation’s history after two Covid-affected years, despite a rise in the number of deaths and a drop-off in births: bit.ly/3p4FZ0W
A lot going on today but just wanted to note that Australia's unemployment rate is lower than it was when the RBA started its shock-and-awe series of 12 rate hikes.
.@andrewprobyn is the hardest working ABC journalist I know and the broadcaster's best and most constant news breaker. And they've sacked him because they suddenly don't need a political editor. What a disgrace from an organisation full of middle-management time servers. @abcnews
If it's true that Andrew Probyn is leaving the ABC, that is total madness.
He knows politics, he breaks news, he is thoroughly fair and he works non-stop.
He's a good man treated shabbily by an organisation that should know better.
Proud to call @andrewprobyn an ex-boss, mentor and most importantly friend. Fantastic journo and newsbreaker, someone who is a leader in the Press Gallery. What are they smoking at Ultimo?
.@andrewprobyn is the hardest working ABC journalist I know and the broadcaster's best and most constant news breaker. And they've sacked him because they suddenly don't need a political editor. What a disgrace from an organisation full of middle-management time servers. @abcnews
.@andrewprobyn is the hardest working ABC journalist I know and the broadcaster's best and most constant news breaker. And they've sacked him because they suddenly don't need a political editor. What a disgrace from an organisation full of middle-management time servers. @abcnews
“Looking across the range of indicators – strong growth in hours worked, the elevated employment-to-population ratio and participation rate, along with the low unemployment and underemployment rates – they all point to a continuing tight labour market."
theaustralian.com.au/nation/…
My latest column in @financialreview. We have a housing crisis, but rent controls will make it worse. That's what the best causal evidence is clear on. Supply, reforming planning & zoning regulations are the answer. afr.com/property/residential…
March quarter 2023 DSS data shows rents up 4.1% over the year for 1.27m rent assistance recipients. 3.2% net of rent assistance data.gov.au/data/dataset/dss…