The Cost of Living Crisis.

The cost of living crisis in Australia was directly caused by the conservative Howard government.

Then Treasurer Peter Costello cut Capital Gains Tax by 50% which resulted in investors flooding the house market and causing house prices to rise dramatically.

When this caused tax revenue to fall he brought in the G.S.T. which penalized the poor.

And the exorbitant rise in home prices has meant that people could no longer afford to buy their own home therefore the rental market has been flooded and landlords have increased rents inordinately.

So the cost of living crisis was directly caused by the mismanagement of the economy by the conservative Howard government. 

 Photo Credit: this.deakin.edu.au