Housing costs are a bigger policy headache than energy


Our vitality issues are past the federal government’s instant management however its plans in one other space of excessive inflation will make issues worse.

(Picture: Gorkie/Non-public Media)

Whereas vitality costs have instantly grabbed the, um, imaginations of political commentators, and the vexed challenge of whether or not a world vitality worth spike brought on by the most important battle in Europe in 75 years is a damaged promise by Jim Chalmers, there are nastier issues on this week’s inflation figures for the September quarter.

Particularly, housing development prices.

New dwelling costs rose 3.7% within the quarter alone, for an annual rise of over 20%. The three.7% was really a fall from the June quarter, as a result of the residential development sector began weakening beneath the lash of RBA charge rises.

Learn extra concerning the dire housing scenario.

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