An Australian dollar buys increasingly less in the property market — a colossal failure of policy

In this period of high inflation, most have noticed our weekly income can't buy the same amount of goods as it could a few years ago.

But long before this inflation crisis, a similar phenomenon has been eating away at the value of the money we use to buy a home.

Since the early 1990s until recently, the average annual rate of inflation in consumer prices has been 2.5 per cent, so it may have felt like the value of our currency was relatively stable before the pandemic.

Read More: https://www.abc.net.au/news/2023-04-16/inflation-and-house-prices/102227382



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