Good morning,
It’s Thursday, 23rd of July.
Here’s what’s happening in the world of Auspol:
Former union boss slams Labor
Australia’s housing market officially enters downturn
Majority of Aussies believe country headed in wrong direction
Bowen’s battery scheme blows out by billions
RBA predicted to hike rates
Fresh leadership rumours in Victoria
Former union boss slams Labor
Former ACTU boss Bill Kelty has declared “something is wrong with this place,” criticising Labor for mismanaging the economy.
He says taxes and spending are too high and rising faster than inflation
He points to Australia’s record low living standards and real wage decline as “hard to comprehend”
Australia’s housing market officially enters downturn
New figures released by Domain show the housing market has officially entered a downturn:
Housing price growth has slowed to its lowest level in nine months
This is the first time house prices have fallen in three years
Property economist Cameron Kusher says “this downturn is set to be one of the largest we’ve seen in many years”
Majority of Aussies believe country headed in wrong direction
A new survey reveals the mood of the nation:
70% of Australians feel country is headed in the wrong direction
Almost half believe their living standards are worse than their parents
Cost of living, housing affordability and crime remain top issues for voters
44% of Australians report financial difficulty
Bowen’s battery scheme blows out by billions
The details: Energy Minister Chris Bowen’s scheme for ‘cheaper home batteries’ has ballooned in cost from $2.3 billion to a whopping $8.5 billion.
This has forced the government to quietly divert funds to fund the scheme.
RBA predicted to hike rates
The details: The likelihood of the RBA increasing interest rates has doubled as a result of rising fuel prices and continued inflation.
Fresh leadership rumours in Victoria
There are renewed plans to replace Victorian premier Jacinta Allan.
Previously loyal Labor MPs now want her gone, including Labor’s left faction
Labor’s right faction want Deputy Premier Ben Carroll to usurp her
See you tomorrow,
aboveauspol.com
