Blogotariat

Data released last year by the Reserve Bank of Australia showed that poorer Australians dominate the nation’s rental tenancies: “Nearly 90% of all households in the lowest wealth quintile were renters in 2019/20”, according to the RBA. As we all know, Australian renters have experienced hyper-inflation in housing costs, with median asking rents soaring 38%

The post Australian renters are stressed and depressed appeared first on MacroBusiness.

ABS with the report. The monthly CPI indicator rose 3.4% in the 12 months to February. The most significant price rises were Housing (+4.6%), Food and non-alcoholic beverages (+3.6%), Alcohol and tobacco (+6.1%) and Insurance and financial services (+8.4%). The consensus was 3.5%, so this is

The post Aussie monthly inflation appeared first on MacroBusiness.

Back in February, the NSW Productivity Commission lamented that excessive housing costs were driving younger residents out of Sydney, resulting in a “brain drain” of 30 to 40 year olds. The NSW Productivity Commission found Sydney lost about 35,000 people aged 30-40 between 2016 and 2021. On Tuesday, the Australian Bureau of Statistics (ABS) released

The post Fed up families flee migrant stuffed Sydney appeared first on MacroBusiness.

MB has long argued that most of Australia’s privatisations have delivered anti-competitive outcomes and embedded private monopolies, which has harmed consumers and taxpayers. Our politicians embraced this agenda because it delivered the illusion of lowering taxes and public debt (in the short term) by shifting monopoly ownership from public to private hands. Politicians also made