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Australians are hurting following an 8% decline in real per capita household disposable income since the Albanese government came into office.
Australian households have suffered from an inexorable rises in gas and electricity prices.
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Australian renters have suffered from a near 50% rise in rents since the pandemic, driven mainly by the surge in net overseas migration.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.