Reposted by Rossleigh @ AIMN
The RBA media team is becoming known for contacting journalists and media outlets critical of its decisions and decision making process - but the criticism doesn't actually go far enough.
www.thenewdaily.com.au/news/politic...
thenewdaily.com.au
Households in pain – but our budget crisis has an obvious answer
Australia is at a tipping point. Choosing the brave route – taxing gas and raising revenue – would also, in this case, be the right one.
![Twenty-six years ago, the average dwelling price in Australia was equal to nine years and four months’ worth of per-capita household disposable income. In the first three months of this year, the average dwelling price of $1.11m was equivalent to 17 years and four months of current average household disposable income.
If dwelling prices were 10% lower, they would be equal to 15 years and seven months – or where it was three years ago:
[Chart showing that]](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:ebyirfmcml2wmydrexhxu27t/bafkreiakpj4kzwabr3rr5wajwcjudsbcahdi7qijzu2ufiiqtma4urkc2u)
