Heidi

Government waste, duplication and unnecessary spending is pushing inflation to 4.2%. Which is a long way above where it needs to be @ 2.5%.

This is being driven largely by Adelaide housing inflation at 7.0% highest of any mainland state capital.

BREAKING: ⁠Adelaide had the largest CPI increase in the nation for the month (March-April), and the equal highest yearly CPI increase on the mainland.

Anthony Albanese has quietly centralised public service union negotiations despite warnings the $19.2m system will worsen productivity. Read more: bit.ly/4uEHDTq

Never thought I'd agree with a bank executive but here we are.

CPI rose 4.2% in the year to April 2026 Find out more brnw.ch/21x2QHv

BREAKING: ABS data shows SA new residential building down 4.0% year on year and new houses down 7.9%

Aust new dwelling price growth is continuing to accelerate (which may concern the RBA) and while rent growth was soft at 0.2%mom this reflected Rent Assistance but asking rents points to faster growth ahead.

'Economy slumps as high inflation and Chalmers’ budget threatens downturn' 'The Australian economy is losing steam even as inflation remains high, and that should ring alarm bells for everyone' 'Core trimmed mean inflation for April rose to 3.4 per cent versus 2-3 per cent targeted by the Reserve Bank' 'If inflation stays high, or worse goes higher, they have no choice but to raise rates' 1/2 #ausbiz #inflation #RBA tinyurl.com/yc2spfff

“We clearly cannot just build our way out of the housing crisis.” Housing affordability is being squeezed on both sides: insufficient supply and mass migration-driven demand. 📰 Cian Hussey argues that unless migration levels are reduced to sustainable levels, young Australians will remain locked out of the housing market: bit.ly/49mpZLH

Overhaul of job services to tackle huge welfare dependency increase. 20% of the 1 MILLION jobseekers accessing employment services under Workforce Australia have been receiving benefits for five years or longer, up from 13% in 2015. afr.com/work-and-caree…

Commercial property investment is experiencing a surge in interest from mum and dad investors following federal budget changes to negative gearing that have caused residential property investment to plummet.

Australia is cooked. But Victoria is beyond done.

Oh here we go. Tax the productive and make it easier for the non productive… That’s… socialism! #auspol

If they had anyone in Treasury or staff that could do basic maths, they'd realise it should take 5 minutes to concede. They are screwed by the asymmetry: Meaning anyone who takes risk, which i would hope is most of Australia, is stuffed under thios Frankenstein's monster.

The minimum 30% CGT without 5 year averaging will impact low income earners the hardest, because high income earners are already in higher tax brackets. Whacking low income earners who are also suffering the most in this inflation era is a far cry from what Labor used to claim as its values.

Australia does not just have an inflation problem. We have a government spending problem. Business owners are being told to absorb higher wages, higher rents, higher energy, higher insurance, higher interest rates and higher taxes. Households are being told to tighten their belts. The RBA is being forced to lift rates to cool demand. Yet government keeps spending like there is no scoreboard. That is the contradiction. You cannot ask families and businesses to show discipline while Canberra keeps adding fuel to the fire. Inflation is not some mystery fog that rolled in overnight. It is the result of too much money chasing too little productivity. And when government spending keeps expanding without the productivity to match it, the cost lands somewhere. It lands in mortgage repayments. It lands in rent. It lands in payroll. It lands in supplier costs. It lands in every small business trying to keep the doors open. The private sector is being squeezed while the public sector keeps growing uncontrollably That is not economic management. That is kicking the can down the road and sending the invoice to everyone else. Australia needs discipline. Not more taxes. Not more blame. Not more political spin. Spend less. Grow productivity. Back business. Reward risk. That is how you fight inflation without crushing the people actually building the country.

The last time Australia paid off its national debt was 2007. Interest on government borrowing now costs more than Medicare. Every budget assumes the best possible income and the lowest possible spending. Then they borrow another trillion when reality arrives. This is not budgeting. It is hoping.

COMMBANK's currently rolling out its new surveillance grid forcing customer to agree to the tracking and collection of Behavioural and Device Profiling data which amylases how you interact with your device including keystroke patterns, mouse movements, scrolling, and swiping activity or lose access to online banking

Just a reminder @JEChalmers Australia has the highest rate of inflation in the developed world. Today’s number was artificially reduced by 0.5% because of the temporary halving of the petrol excise. It will be reversed once the full excise is restored. Also, Australia’s trimmed mean inflation rate (the underlying inflation rate which the RBA looks at) rose. It’s not exactly an ideal picture.