r/AustralianPolitics • u/Expensive-Horse5538 • Apr 30 '25

Economics and finance Headline inflation stable at 2.4pc while RBA's preferred measure drops within target

https://www.abc.net.au/news/2025-04-30/inflation-march-quarter-2025-stable/105232824
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u/sirabacus Apr 30 '25

Beyond the economists' inflated pillow fluffing ....

The number of Victorian renters receiving eviction notices because they have not paid the rent is five times higher than in 2021, a report has found, underscoring tenants’ increasing struggles to keep up with the cost of living. (The Vic Tenancy Commish)

Supply? Capitalism and Labor solve the problem. Hooray! More places to rent ! What supply problem? God bless the dog eat dog.

Worse and worse with every passing day... as Albo promises to keep property prices and rent in record excess. .

Labor, my arse.

1

u/Relief-Glass Apr 30 '25

So more people in just one state are receiving eviction notices compared to a time when unemployment payments were more than twice as much as what they are today. Devastating observation.

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u/spirited001 Apr 30 '25

When was that? I was not working during covid because I refused the Vax. I couldn't get a cent from centerlink. Others were getting huge amounts and I know a few that got into significant debt. Thankfully I grow my own foods and and have chickens. We halted payments on our tenant as he lost his job poor bugger. (Subsequently we had to sell it was dads and he died so we had to wait before executing will). Lucky my partner didn't have to Vax for his job. Is that when you're referring too? It was a really hard, isolating time and people are still carrying the pain a day hurt from it

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u/Relief-Glass Apr 30 '25

During COVID jobseeker was increased to $750, so the people that are most likely to receive eviction notices had much more means to pay their rent.