Analysis finds Australia’s inflation being driven by company profits, not wages

Re:Analysis finds Australia’s inflation being driven by comp... by firecall on Friday February 24, 2023 @09:56PM (#34933364)

> Only 30% of people have mortgages, why should the remaining 70% care

Because the remaining 70% rent, with many wanting to own a property someday.

Higher mortgages mean higher rent.

Australia has very little social housing.

Renting for families is an unpleasant experience. You can be forced to move with little warning, and finding a new rental in your area can be very difficult and sole destroying. So many would love to own if they could, if only for the stability it brings.

We have many problems!

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Re:Analysis finds Australia’s inflation being driven by comp... by chrismorgan on Friday February 24, 2023 @11:31PM (#34933926)

ABS figures from the 2021 census <https://www.abs.gov.au/statistics/people/housing/housing-cen...>: 31.0% owned outright, 35.0% owned with a mortgage, 30.6% rented.

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Re:Analysis finds Australia’s inflation being driven by comp... by firecall on Wednesday March 01, 2023 @05:25PM (#34989191)

Thankyou!

I just made an assumption :)

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Re:Analysis finds Australia’s inflation being driven by comp... by brokenmachine on Monday February 27, 2023 @12:03AM (#34953185)

>Higher mortgages mean higher rent

But lower mortgages also mean higher rent. I've never seen rent go down.

Literally everything means higher rent. Go figure.

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Re:Analysis finds Australia’s inflation being driven by comp... by firecall on Wednesday March 01, 2023 @05:26PM (#34989204)

Perhaps it is because that whilst mortgages were cheaper, due to lower interest rates, housing prices were actually rising rapidly.

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