Magpie_Magic
Well-known member
Add to that way way too much money was given out during the pandemic often to people doing nothing or little to the point where houses rose 30% even though one had to buy on line and couldn't view while others lost everything or the opportunity to borrow because their business was shut down or they had jobkeeper stamped on their payslips so precluding them from access to finance.We have/are wasting billions of dollars on things
like Robodebt, Jobkeeper & nuclear submarines
In the last few years. None of these things have
kept you or anyone from getting your first home.
Cost of living crisis has nothing to do with the
voice — it's due to corporate greed, tax breaks,
negative gearing, lack of wage increases,
so on and so forth. Not saying Albo has the
answers by any stretch, but the last decade
hasn't been very kind to the battlers if that's who
you're waving your flag for. Sad state of affairs.
The amount of money printing was horrendous as is the debt
This is the total source inflation recently.
And in the meantime they have gone back to immigrating 1.3 million people in 3 years and 1 in 10 people in the country are visa holders contributing to pushing up houses and rentals and pushing down wages.
But if one prints money for little output it equals inflation.