๐ฆ๐บ๐ฆ๐บ๐ฆ๐บ โ๏ธ
Father and husband.
Proud Australian.
Love this country.
Leftwing stalkers please note that I use a VPN before screaming "Murican!".
@hardenuppete While youโre speaking of false promises, the current government have a pretty good track record in that respect.
Letโs hear your thoughts on Labor, Albanese and Chalmers in terms of election promises, cost of living and the decline in living standards.
@AshPolitik Bit of selective framing here.
CPI is 4.0% annually, but the quoted 14.8% fuel rise is August only.
Annual fuel inflation is 13.5%.
Housing inflation also isnโt simply โoil/transportโ.
ABS cites materials and labour, plus electricity.
@TheKouk The data isnโt the issue, your interpretation is.
Youโre measuring the quarterly change in demand, not the actual level of government demand.
Government spending can stay historically high and contribute 0.0% to quarterly GDP growth simply because it didnโt increase further.
@darryn_browne Yes, mortgage rates were very high. But houses were roughly 3-4 times household income compared with around 8 times today. Comparing interest rates without comparing the mortgage principal relative to income tells you very little about housing affordability.
@RichardYabsley Youโre shifting your argument now.
Ultimately domestic demand, your main point, includes government spending, not just household spending.
Commonwealth payments have risen from 24.3% of GDP in 2022-23 to 26.9% in 2025-26, so 2.6 percentage points.
It is a factor.
@RichardYabsley Youโre conflating current deficits with COVID-era deficits. The 2025โ26 budget still ran a $4.6b primary deficit even before interest costs