As Australians head to the polls in a pivotal general election, the soaring cost of living dominates voter concerns. Inflation has surged, resulting in increased prices for essential goods, with average rents rising sharply. The central bank's interest rates have escalated drastically since the 2022 elections, prompting debates on economic management and housing shortages. Major political parties are divided over energy policies and China, balancing trade interests against strategic threats. Prime Minister Albanese has vowed to construct 1.2 million homes to tackle housing scarcity, amidst criticism of current fiscal policies contributing to sustained inflation.
‘The rising cost of living remains the primary concern for voters, with prices for basic goods skyrocketing and affordable housing remaining out of reach for many Australians.’
‘Economic factors, such as high interest rates and inflation, have triggered a housing crisis, further complicating the government’s plans to address tenant struggles and builder bankruptcies.’
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