The problem is we’re a nation bound to homeowners, when each year less and less of are able to afford such a luxury as a roof over our heads.

Fuck the RBA and any “economic” wins that don’t translate to a better life for Australians.

where exactly did the rba get it wrong? spending is repressed because of the rba as he points out, but is he saying inflation isn’t a problem? that we are not spending too much even though inflation is up and the rba has indicators to suggest it’s us spending on services (remember the haircuts comment?) the article feels half finished to me

The rba aren't too blame, they have two tools and two missions. These missions were set and confirmed by multiple governments. We as a population have long been told and believed that the free market and government money will solve the housing crisis despite plenty of contrary evidence

Inflation hits the most vulnerable the hardest. Their incomes and savings are eroded directly by inflation

Those who already own houses or are mainly invested in stocks are able to weather inflation long term (while being affected short term by higher interest interest rates on debt)

If inflation is still high, and unemployment not rising, in who's interest would we lower rates?

Is it such a bad thing for home borrowers (which is who we're really talking about) to have less disposable income while preserving the purchasing power of those who at best would like to buy, or at worst are already living paycheck to paycheck on minimum wage?

The problem is that the RBA increased interest rates to discourage individuals from borrowing more. The problem is that We had already borrowed so much that the increase was crippling.

They should have only increased rates on new loans and reduced rates on existing loans.