Evicted and homeless warmed by glow of Jericho


The Guardian should be shut down. It is making the world of those it claims to support much worse:

Rental affordability has plunged in the past year with low-income Australians now completely priced out of living alone, a new report has revealed.

The ninth annual National Shelter-SGS Economics and Planning Rental Affordability Index has found affordability has worsened in the past year in every capital city except Hobart and Canberra.

The situation is particularly dire for people on low incomes, with a single person on jobseeker having to spend at least 78% of their income to rent a one-bedroom apartment in any capital city. In Sydney, a one-bedroom apartment would on average cost 137% of their $22,100 annual income, making it the least affordable place in the country.

A single pensioner would need to spend 50% of their income to rent in all capitals except Adelaide and Hobart and at least 32% of their income in regional areas.

Even regions are severely unaffordable with rents in regional South Australia – the most affordable area in the country – still requiring 53% of a jobseeker’s income.

The National Shelter chief executive, Emma Greenhalgh, said rental affordability is going “from bad to worse”.

“In the past year, renters have been smashed with enormous rent hikes well beyond income growth,” Greenhalgh said. “With vacancy rates so incredibly low, landlords have been able to pass on interest rate rises to tenants – and the pressure is only set to increase following last week’s rate rise.”

She said affordability would continue to get worse without action. “Governments must urgently address this worsening affordability crisis, including by building more homes and better regulating renting,” she said.

Which will do absolutely nothing.

At the current rate of immigration, the entire Albanese Government’s plan to build more will deliver a much more significant shortage. Regulation can’t contain desperation.

But this is what the fake left is all about. Focus on symptoms never causes to pretend to care while worsening the underlying problem.

The buried lede in the article is that there is only one cause and one solution.


Albo’s out-of-control mass immigration must be cut to zero.

But The Guardian won’t mention it because it operates in the warming glow of Jericho:

Immigration – because there are many desperate to hate – must be treated with extreme care by politicians and journalists…The inherently racist parties will seek to use any discussion and any seeming evidence of the negative impact of migrants as fuel to burn their fires of hate.

I hope the evicted and homeless are just as cozy.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.