The overton window always shifts. Seems very short sighted of them to not address this years ago. Anecdotally as someone in their late 30s most of my friends only got on the property ladder relatively recently so haven’t previously had much skin in the game economically speaking. We all have plenty more experience than our parents of being in the rental rat race and insecure gig employment too which I think pulls us to the left on plenty of policies out of sympathy even when our personal economic situation improves.
I don’t think Scomo being the least popular pm in living memory has helped the liberals much either.
Glad that they paused and quietly hopeful that the top is in. I suspect there might be one or two more rises in there though.
Power increases will start to impact the next monthly CPI figures and unemployment is still low, but there’s still a good few people coming off low fixed rates so it’s hard to know how much the prior increases have made an impact through the economy.
The real question is how long they’ll stay around this rate before dropping. The RBA have a bit of a history of overcorrecting so it could be sooner than people think.