Inflation now @ 4.6% up from 3.7% in Feb
Will we see a rate hike next week?
Headline inflation surges to 4.6 per cent in March as higher fuel prices bite
Inflation Surges to 4.6%
Simon Beech on 29/04/2026 - 12:41
Last edited 29/04/2026 - 13:05 by 1 other user
Last edited 29/04/2026 - 13:05 by 1 other user
Comments
The great wealth transfer continues.
Those that paid off their tiny mortgages are now unaffected and if anything, being made richer by the increase in interest rates.
The data doesn't lie, 40 and below are cutting back on expenditure, those above are increasing. Basically the inflation is fuelled by the x & boomer generations.y and z gens are getting the rug pulled out from under them.
No one's getting rich from having money in the bank and earning interest on it. You're actually going backwards on that money after inflation and taxes.
Spoken like a true boomer/x gen
want everything today
nah, they just want basic housing and the ability to have any sort of life without working 60 hours a week.
don't know what it is like to go without to save for the longer term.
I've given up with replies to comments like these. the numbers speak for themselves. it doesn't matter how much you save, the price of property is escaping at multitutes of what you could save, so what's the point?
@coffeeinmyveins: Find ways to earn and save faster than house prices going up.
Obviously some people have succeeded and have done it. Or just call it and blame every man and dog but yourself, less competition for those who want to actually try.
The application of monetary policy is part of macro-economics, and not part of a conspiracy to increase bank profits. (Although some banks may do better in higher rate periods than others).
That said, I think the job of increasing and reducing the flow of money in the economy by increasing or decreasing interest rates has had it's time. (As it has an outsized effect on a smaller proportion of the population). But getting a massive change like this would be through the populace (voting public, in a time of conspiracy fueled negativity on any suggested change) is almost impossible.
That said, I think the job of increasing and reducing the flow of money in the economy by increasing or decreasing interest rates has had it's time. (As it has an outsized effect on a smaller proportion of the population).
Exactly right. It is ineffective when the richest and oldest third of the population is completely insulated from it. They are neither impacted by increased mortgage rates, nor are they incentivised to keep their money in a bank account because of higher HISA rates. They are at a point in their lives when they just want to spend baby spend and enjoy life. Nothing against that, but fiddling around with interest rates to control inflation just doesn't have the impact it once had (when the baby boomers had mortgages).
Exactly right. It is ineffective when the richest and oldest third of the population is completely insulated from it. They are neither impacted by increased mortgage rates, nor are they incentivised to keep their money in a bank account because of higher HISA rates. They are at a point in their lives when they just want to spend baby spend and enjoy life. Nothing against that, but fiddling around with interest rates to control inflation just doesn't have the impact it once had (when the baby boomers had mortgages).
this is true but do you want to 'change the system' ?
we will all get old - im a Millennial once upon a time the older gens called us young/lazy/entitled/soft etc now im closing in on 40 and the young generation call me old fashioned and lack sensitivity - it is strange my Gen A Son legit keeps saying 6-7 and i have no idea wtf he is talking about and it legit has made me realise …well im slowly becoming what Boomers where to me i tried explaining to me dad why i wanted to be a 'pokemon trainer' he was like 'sure' also not knowing wtf i was talking about - slow we all become bit out dated and out of touch and perhaps the system is stacked to support older Australians because well eventually we all get there….
What is the point of this comment?
The Banks should absorb interest rate hikes? Because they ain't starvin'?
Maybe. They print money out of thin air every time they issue a loan. Which causes inflation because more money chasing the same amount of stuff means prices go up.
Rubbish, they are governed by strict lending ratios and they don't just print money, they raise it from depositors.
they are governed
None of the banks, who control the reason why you need to work, are scrutinized by an election process.
So, what do you actually vote for ?
The money is not under government control.
The roads are losing government control, hence why there are tolls.
The natural resources are being taken by foreign strangers, ie…. again, not much government control.
The utilities, eg. electricity, are run by many different foreigners as well.The people who control your eyes and ears, and talk about the people who you vote for (ie. the Government), … are also privately owned, by a minority group: billionaires.
So, what is this "governed" that you talk about?
These Central Banks all take instructions from the Federal Reserve, which is not Federal, nor do they have Reserves anymore, haha
they don't just print money, they raise it from depositors.
No. Not since 1991 (?) in Australia, from memory. And even before then it was still fractional reserve banking e.g. $100 in deposits allowed them to lend out $800 (i.e. $700 created out of thin air).
And of course they don't just print money. They accept an IOU or pinky promise in return. They gotta be responsible, duh.
Some essential reading if you disbelieve me:
Ok doomer.
they are older than you, have worked more than you why shouldn't they have a better life than you at their age?
Because boomers were born with silver spoon in hand, bought their land and house in 60s and 70s for $30k with their $10k salary.
Now tell that to the current gen if they can buy a land and a house for $240k on their $80k average salary.its actually better - Average wage in the 60s was 5k pa and the the median house price was 5-7k
ill note this about 20-30% of ones wages was spent on food back then so they did have different struggles food and general consumables where a lot more expensive compared to ones salary back then
Also cars where a hell of a lot more expensive back then in comparison to wages 2-3k for the average car which essentially is 1 car cost half the price of a house
They also had to go to war with Vietnam for absolutely no reason and where treated like shit when they returned, i mean we all moaned when we had to stay home during COVID imagine getting napalmed and then coming back home for people to boo you and call your a murder
ill note this about 20-30% of ones wages was spent on food back then so they did have different struggles food and general consumables where a lot more expensive compared to ones salary back then
They also had no universal healthcare, so you had to effectively roll your own insurance by saving more of your income just for that eventuality.
That or go private, or hope your union or employer had something.
Basically you had to create your own financial buffer for potential future roadblocks, fewer government safety nets.
@scalebearer: also they didnt have superannuation and a lot of leave benefits 'didnt exist' then and certainly were not standard
im not a boomer basher - i think every generation has its challenges
im Millennial we have obvious challenges but we also have benefits past generations didnt have - one of them is affordable travel and the access to the internet
the internet exploded in Australia when we went from 56k to ADSL it become main stream but i do remember a 'time' prior to the internet and the vast wealth of information it can bring. - things we take for granted like the weather, basic financial advice, checking prices of products quickly - all didnt exist - booking accommodation was something you went to a travel agent for and if you wanted insurances you called on the landline whoever adverstised on TV etc
my parents had almost no idea about home loans, investing in ETF, investing in anything - they kept their hard earned in the bank High invest savings account getting near no interest
i do think we and esp the younger generation in Gen Z who always had internet dont realise how much it has benefited us - i agree we have challenges - taxation is f—king our generation side ways to support the older generation i dont disagree with that and migration is killing the strained infrastructure and housing supply
Jeez. Generalise much? Many boomers as you call them had nothing and worked hard to achieve what they had. The problem these days is this gen complain they can't afford anything justify "treating themselves" for that very same reason and then complain they can't save. We are a single income household for the most part, our household has never earnt more than 90k a year before tax, and we have managed to pay for one house and almost paid off a investment/holiday home all in the space of just over 20 years. We did this by sacrificing holidays, subscriptions, minimizing going out and saving, saving, saving. Is it easy, hells no. But put simply, if you can't sacrifice you will never own a home. And before anyone considers us greedy by having an investment, it's out super as neither of us have any as we have both for the most part always worked for ourselves. Problem with this generation is they want everything now and aren't willing to make the call to live further out where housing can be gotten cheaper. Sure it isn't convenient but once you have a leg is, you can sell and upgrade if that's what you want. Or buy and rent out rooms, there are plenty of options.
@hazzad: House prices were still reasonable 20 years ago, absolutely massive difference.
Could you have afforded your house and holiday house at today's prices?
Also please never ever rent out bedrooms for your principal place of residence, you lose the exemption for whatever portion you rent! Plenty of people fall into this trap, it's stupid
have worked more than you
in terms of "being alive" yeah sure. but that's not what we should be tracking.
When boomers were younger they had one person working in the family unit. Now we have two as a necessity. we've been robbed of 40+ hours a week per family unit.
Maybe house prices went up because women entered the workforce more and hence more borrowing capacity and more money to outbid each other….
Fkers also voted against housing reform time and time again and now a bunch of them are b*tching that their sons cant buy while they reaped the rewards for decades
hate is justified.
Well you are right, they take more money because they have to pay a higher base rate.
Banks don't make more profit from loans when interest rates go up, only when they come down…
Everyone complaining about the rate hike is kind of the whole point. Rates will keep going up until people actually stop spending.
I love this argument because it doesn't hold any water. Go and look at the average salary data compared to the cost of housing, and come back to me.
The cost of brunch is Irrelevant.
The cost of brunch is Irrelevant.
But the cost of 365 brunches per year is very relevant …
Death by a thousand cuts
@LFO: moving the goalposts to suit a narrative.
Sure. buy brunch + dinner + breakfast every day at $70 and that's almost 30k. still barely enough to make a "real" dent in any deposit for a house though.
It's not peoples spending that's preventing them from buying property. anyone who says it is just doesn't understand basic math.
It's not peoples spending that's preventing them from buying property
If not spending then it is earning.
So? Get a better paid job?And going back to brunches, it is the attitude that small expenses are irrelevant what makes the whole thing relevant.
brunch + dinner + breakfast every day at $70 and that's almost 30k
I'll say it is a lot more than 30k.
Even so, 30k on 10 years is $300k, a nice deposit indeed.
@Duckie2hh: Maybe they're buying $400 Coldplay tickets because they gave up on saving for a $1m - 1 bedroom apartment that goes up by the equivalent of their deposit each year.
Heaven forbid you enjoy your short time on this earth.
@Drakesy: Isn't that a false dichotomy?
Not saving for a home doesn't mean you can't put money into investments, to help pay rent later.Those boomers with their paid-off houses didn't live on restaurants and take-away or blow two days wages on concert tickets when they were young. And tickets for the Beatles or Rolling stones in Australia were like $70 in today's money.
Gen-Z are too lazy to even drive to the shop for their take-away food :-) Now get off my lawn.
@Checkmate3023: Just because i'm privileged enough to be able to afford my own house (which i have) doesn't mean i don't have a multitude of friends and co-workers who have close to zero chance.
@Drakesy: "But why aren't you more selfish and only care about your own personal situation and screw everyone else?"
-said every ignoramus with no conscience who thinks life is just about how much you can get in your limited time here so you can convince yourself life was worth living
you're not privileged unless you won the lotto, did something illegal or inherited your money you worked for your money and did what you needed to do
this isnt privilege it is 'how the system should work'I'm privileged in that i lived rent free for 12 years under my parent's house - that's a huge leg up, circa $144,000 over that period. To the point where i don't need a partner to afford my inner-city home.
you seem to moan about property a lot esp for someone from Perth were property prices arent that bad i know they have 'grown' but there is still a lot of areas highly affordable
Perth is the 14th most unaffordable market in the world and yes, it's a problem especially with rising interest rates. Relatively speaking yeah it's not as bad as the (profanity) that is Sydney but it's above the long-term average for multiples of household income.
Yes thats an issue.
@Checkmate3023: Lmao.
Putting $160k a year, $2000 a month expenses, no dependents, no credit cards, no other loans into a borrowing power calculator gives $870,000.
Having an income miles above the average still can't buy you an average home, what a time to be alive.
@brendanm: Basically, get into a relationship and hope the hell you don't want to break up with each other, otherwise you'll be out in the streets.
@brendanm: it's below average in a two income scenario. the average home is a family home, not a bachelor pad.
@b0son: Median full time income is under $100k. So even a dual I come household with both working full time have barely more borrowing capacity, plus if it's a "family home" and they have kids, borrowing power decreases with each kid as well.
@brendanm: what's the median house price across the same group? most medians I see reported are for capitals, but wage data is nationwide…. ?
Median full time income is under $100k. So even a dual I come household with both working full time have barely more borrowing capacity, plus if it's a "family home" and they have kids, borrowing power decreases with each kid as well
the issue is 100k isnt not a large salary it is just the median wage growth in Australia has simply been to slow but this is due to migration diluting the worker pool making it harder to demand better conditions
and also possibly the rise of superannuation - in the 90s businesses warned Super would kill wage growth of course everyone waved it off but essentially they might have been proven right
@Checkmate3023: The median is 90k, the average is $102k or so. Are you saying that it seems reasonable that two.people.earing above the median wage not being able to afford the average house is ok?
Prices are insane because we have more people than we have houses, caused by government policy, in addition to devaluing of our dollar, caused by reckless fiscal policy.
@brendanm: We hve a number of neighbours whose inner city houses have been purchased by overseas banks of Mum and Dad.
The median is 90k, the average is $102k or so. Are you saying that it seems reasonable that two.people.earing above the median wage not being able to afford the average house is ok?
not saying that at all - it isnt ok but it isnt every city and state, people from WA moaning about house prices seems a bit 'weird' to me
Prices are insane because we have more people than we have houses, caused by government policy, in addition to devaluing of our dollar, caused by reckless fiscal policy.
i agree but 'we' the people voted for them
not saying that at all - it isnt ok but it isnt every city and state, people from WA moaning about house prices seems a bit 'weird' to me
Prices are also crazy in WA. Try by a house in Albany on the average Albany wage.
i agree but 'we' the people voted for them
I sure as hell didn't, and I assume you didn't either, but I know what you mean.
I sure as hell didn't, and I assume you didn't either, but I know what you mean.
the issue is it didnt matter 'who you voted for' both majors are almost the exact same - ALP/Liberals realistically have about 5% difference policies they are the same s—t one is red and one is blue
@Checkmate3023: I agree, I mean more people aren't voting for someone, anyone, that isn't the majors. There is no reason for them to change any policies as people keep going back for more.
Prices are also crazy in WA. Try by a house in Albany on the average Albany wage.
Even the cheapest countries in the world have expensive areas
In Melb Brighton is unaffordable but Melton is fairly buyer friendly area both part of Melbourne but totally different prices and demographics- the one thing never said for the boomers is they 'moved' away for housing
my parents legit were the 2nd house in our court and probably one of 40 houses in the entire suburb which is now an over populated metro suburb but at the time it was 'far' new and lacked infrastructure but it was 'what they could afford' - sometimes you got to accept a sub-optimal area to get into the market
but you arent wrong that some cities property prices have gotten out of hand but you gotta blame migration and generous property investing policy and just a sheer lack of 'f—ks' given by MPs from all sides
my parents legit were the 2nd house in our court and probably one of 40 houses in the entire suburb which is now an over populated metro suburb but at the time it was 'far' new and lacked infrastructure but it was 'what they could afford' - sometimes you got to accept a sub-optimal area to get into the market
That possibility probably doesn't exist nowadays.
"New" land is sold off to the big developers (ALP and LNP donors) who splice it up into tiny dog box sized lots and then they drip feed them into the market little by little so as to extract the most money possible.
"New" land is sold off to the big developers (ALP and LNP donors) who splice it up into tiny dog box sized lots and then they drip feed them into the market little by little so as to extract the most money possible.
i agree with you but you dont see the 'media' attack the government for locking up land we could develop - the media is more interested in attacking property investors
The ABC is too scared to attack the ALP because they pump money to them they will only attack the last parts of the 'right' faction of the Liberals which is very minor these days
Putting $160k a year, $2000 a month expenses, no dependents, no credit cards, no other loans into a borrowing power calculator gives $870,000.
no one buys a house in 12 months you probably need to save 3-4 years say save 200-250k for a deposit with a borrowing power of 800k you can buy a nice house in most cities or in most regional areas
Even in the 90s when property was more affordable to wages people didnt just buy a house in 12-months they saved a least for a few years
also OP is was WA there is no housing crisis in WA im sorry but there just isnt - i will more then happy say Australia in general has a crisis but it isnt everywhere it is the 3 major Cities and Gold Coast
Victoria no rental homelessness crisis due to poor supply and a broke government
Whilst Sydney, Gold Coast and Brisbane are just rising so fast no one can keep up if you're stuck in the rent trap - Sydney in particular is growing too fast and doesnt have the land to expand like most other Cities
WA and SA dont have a 'real' problem - property have increased in value but it is hardly unaffordable
TAS has a problem more so with unemployment and poor wage growth due to young people leaving for the mainland
we have too many people who cant even identify the problems in this country just want to moan and whinge opposed to fix the issues
no one buys a house in 12 months you probably need to save 3-4 years say save 200-250k for a deposit with a borrowing power of 800k you can buy a nice house in most cities or in most regional areas
In 3-4 years that $1M house ($800k+$200k) has gone up to $1.2M and now your deposit and borrowing capacity isn't sufficient.
@brendanm: In fairness if he's saves a 10% deposit that means he only needs to borrow that much, so he can afford a 970k place
@brendanm: Yeah ok, but if he invests his deposit money in an ETF that will also rise, and in fairness people haven't been able to borrow 100% for property purchases in at least 20 years
@Jackson: Lmao etf won't grow that much in the same time period, then you also have to pay tax on the capital gains.
I never said anything about a deposit, my point is how ridiculous it is that someone earning far above the average wage can not buy an average house.
@brendanm: Yeah ok it's not going to go up as much but it can beat inflation and he'd be better off than just leaving it in the bank, and it's not quite right to suggest that the entire increase is out of reach.
It's pretty simple, the first property is the hardest to get, the following ones don't even require a deposit to be saved because you can just use equity in the first property to buy them. I firmly believe we need reform for property tax, but at the same time it's not completely incorrect that youngsters also want to take a gap year, go overseas, have a top of the line phone, and a brand new car (even if it might be smallish). On one hand this is all just progress that's understandable, but on the other hand it's fodder for Boomers to sit and have a whinge about the youth of today who don't want to work etc
Also noting that in the last 3 months Sydney and Melbourne have actually gone backwards a bit. You could get lucky like that. Also CGT is paid on realised gains, but if he invests it in e.g. and investment property, say if he wants to rentvest, he might be able to write off any losses to offset the CGT on said shares.
Iits definitely not impossible to see someone on 160k buying a property if they prioritise that for themselvesover the myriad of other things that we spend money on
@Jackson: No matter how many hopes and dreams you throw at something, if the bank won't lend to you because you lack the borrowing capacity, you can't buy.
Look at wage to house value today, then plot it through history. It has become out of control in the last few years.
@brendanm: I agree it's out of control, but I thought we were talking about this bloke on 160k, he can afford it. He's probably in the top 5 ercent of earners, especially if you are not counting all the tradies who are artificially lowering their taxable income. Complaining at that wage is rich, pun intended
@Duckie2hh: $28 for brunch once a week for 5 years=$7,280.
Cost of deposit on crappy house=$200,000.
Cost of 1 month's repayment on crappy house=$4,800
Cost of nobody spending money at cafes and other non-essential spending: Economy crashes, unemployment spirals out of control, crime rate explodes, people starve.
@Duckie2hh: I'm not a boomer, don't have brunch, don't eat smash avo and don't buy coldplay tickets. your argument is irrelevant.
It is still boomers fault.I'm not a boomer, don't have brunch, don't eat smash avo and don't buy coldplay tickets. your argument is irrelevant.
It is still boomers fault.im a Millennial i certainly eat smashed avo i probably eat avocado in general most days it is incredibly good for you, difference is i make it myself - i dont care what generation you are if you are eating out and not cooking 9 times out of 10 you're probably going to struggle to survive
cooking in 2026 is pretty easy i mean you can jump on youtube and it can show you to make anything
Congratulations, you've fallen for their tricks.
As long as they keep classes, age and race demographics divided and fighting each other, no one is going to take any serious action against the real culprits of the housing crisis (among many others); politicians.
As long as they keep classes, age and race demographics divided and fighting each other, no one is going to take any serious action against the real culprits of the housing crisis (among many others); politicians.
people are and they are voting One Nation becuz the realise high migration was a scam and a tax on the standard of living for the poor-middle class whilst benefiting the ultra wealthy
why do you think the ABC and MSM hate ON
people are and they are voting One Nation
Once again: out of the frying pan and into the fire
Once again: out of the frying pan and into the fire
you're probably right but the definition of insanity is doing the same thing over and over and expecting the same result
Do you think the ALP and LNP dominance of politics is making Australia better or worse?
@Checkmate3023: Definitively NOT!!!
Do you think One Nation would?
They won government in Queensland (several seats at least) and achieved ABSOLUTELY NOTHING!!!!!! (sorry for yelling …)Entertaining (and distracting) yes they are indeed!. That's all.
voting One Nation
That's just to bring people back towards the 'centre', ie. stop them from wandering off to the fringes.
Think of the media as the sheep-dogs, whose job is to corral the sheep.
The media choose the language and ideas for the people to repeat.
This is to prevent the splintering of the crowd into 'unmanageable fringes', so a new "hero" (Pauline?) was being promoted to capture people's attention, focus and grievances (like the Pied Piper) but One Nation ultimately will not be disturbing the power-structures of the country one bit.
It's like Liberal party whose slogan of "Stop The Boats" would resonate amongst a certain population, who did not realise more people came on flights into the country (approved by the Liberals), because banks and property developers (ie. Liberal donors) know the only section of the population who take out mortgages and grows the housing, retail segments ….are migrants.
@whyisave: Im not disagreeing with your over all point but 'stop the boats' was because people where legit dying mostly children at sea under Rudd
if anything the Liberal/ALP were not 'hard enough' on migration in the early 2010s they should of f—ked off anyone coming here illegal and brought in capital punishment to deter anyone coming here illegally
I blame the migration crisis in Kevin Rudd and every PM after but he in particular who opened the flood gates to 'avoid' a 6-month recession with a lazy economic policy - he is the catalyst so many generation there after will struggle to buy a home the fact the media rare mention shows the bias in the media
All news about race (eg. ICE, One Nation, Indians cutting toe-nails on trains, NDIS fraud by migrants, etc…) is "artificial", ie. it is deliberate, intentional and purposeful, to keep fighting culture wars, so that nobody will fight a class war.
The issues raised is definitely legitimate, but the objective is to plant seeds of distrust and disdain, so that that there will never be co-operation between them, to go against the real culprits of their sufferings.
@whyisave: NDIS Fraud by migrant (Muslims) is real.
IT jobs being systematically taken over by migrant (Indians) is real.There is nothing racist or artificial in talking about facts. The objective is to highlight the fraud and stop it. I understand the real culprit is the Government who needs to be held accountable.
IT jobs being systematically taken over by migrant (Indians) is real.
Agree 100%
And happens because … ?Far better qualified perhaps?
Instead of speaking with your feelings try speaking with facts.
Let me break it down as simply as I can.
Younger people have mortgages, older people do not.
Older people have savings, younger people do not.
The RBA increases interest rates to try and reduce spending across the economy.
Younger people with mortgages can't spend as much.
Younger people without mortgages, not impacted. These days less younger people have mortgages than before, not good.
Older people without mortgages can spend even more thanks to an increase to savings interest.
More older people than younger people. Aging population bad.The RBA's one lever to reduce spending in the economy which has historically worked, may no longer be effective due to an aging population and reduced number of younger people with mortgages.
boomers got a double win.
Properties that were only twice the wage of the one person working, and then when things do get tough, they get to make out like bandits with the rising interest rates on the money they hoarded.
So I guess, all these old people got houses without mortgages… I wonder how that happened.
Older people have savings, younger people do not.
Makes sense. Spend less than you earn = savings.
@Duckie2hh: Not sure how you are unable to comphrend such simple concepts, but just compare annual wage vs cost of a house and it's plain to see. None of your cliched boomer flailing about what people spend on lunch is relevant to anything, you're just deflecting. We're talking about base costs regardless of how austere your lifestyle. Get a clue
Lunch costs $28 because of the stupid boomerflation.
How original. Gen Y used to have this rep, now it's Gen Z. Gen A will be next.
How original. Gen Y used to have this rep, now it's Gen Z. Gen A will be next.
in fairness im starting to see Gen Z blame us Millennials for all their problems so the circle continues
@Checkmate3023: I blame the lot of yas…
…For voting Lib-Lab-Lab-Lib-Lib-Lab… over and over and over and expecting things to improve.
…For voting Lib-Lab-Lab-Lib-Lib-Lab… over and over and over and expecting things to improve.
yea this is a fair comment however until now there has been no better alternative if you ask me
im not saying ON is better but they 'might be'
however until now there has been no better alternative if you ask me
Be the change you want to see.
The standard you walk past is the standard you accept.
<insert more inspo quotes here>ON aren't a new party. They're certainly not perfect, but I think they will be a feck load better than the other big parties. I don't think they will fix everything. But the current most pressing issue is mass migration and they're the only party offering a genuine change there. They also have some decent nation building policies, something that neither ALP or LNP has come close to poking with a stick since at least the 1980s.
ON aren't a new party. They're certainly not perfect, but I think they will be a feck load better than the other big parties. I don't think they will fix everything. But the current most pressing issue is mass migration and they're the only party offering a genuine change there.
the issue isnt ON being new or fresh the issue is we no longer have a 'right wing party' the Liberals are centre left and the nationals are just centre
then the ALP are left/far left and the Greens are Ultra far Left - most independents and teals are either centre to far left
ON is popular becuz they are probably the 1st real right wing party we have had in 15 years since the Liberals booked Abbott for Turnbull there has been no 'voice' of the right.
no one questioning government debt levels? no one questioning migration? no one questioning if multi-culturism is working> no one questing Welcome to country and all that other rubbish etc
ON has existed for the most part as a single senator in the upper house hardly a voice but in credit to Hanson she has proven if you 'scream' loud enough about issues eventually people will listen
The trimmed mean - the preferred measure used by the Reserve Bank of Australia - remained steady at 3.3 per cent
The goal by 2030 is
You will own nothing and you will be happy
They are working towards that
A mortgage holder does not have a choice to pay the monthly mortgage repayment or not, but they do have a choice to buy a $6 coffee or not. So why punish the mortgage holder?
Lets assume inflation goes to 20% is the RBA going to increase the rates to 15%? They are not because that would collapse the economy…in other words RBA is just greenlighting the theft by the banks. Thank you for your attention to this matter
just a reminder that australian banks are some of the richest in the world.
The RBA is greenlighting them just taking money from mortgage holders, while boomers with paid off properties are living it large on the increased return on their $1m in savings.