There are no good choices left for Albanese, only hard ones

November 4, 2026 — 4:58am

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Anthony Albanese and his cabinet really couldn’t have chosen a worse moment to undertake the sweeping tax changes in its most recent budget.

House prices across the country have fallen significantly since the budget, and home owners, even though they typically buy and sell in the same market, are watching the value of their home fall while the cost of just about everything else rises with inflation.

Tuesday’s decision delivered the fifth rate rise in 2026 alone, and home mortgage rates are at their highest level since 2008.

It’s a perfect storm of poor economic conditions, and voters are blaming Albanese for it and deserting Labor (and the Coalition) in droves, parking a protest vote with One Nation.

In February, when the United States and Israel first attacked Iran, it was foreseeable that this fight, combined with the war in Ukraine and the Oval Office’s many unpredictable moves, would damage the global economy and play havoc with fuel prices. Labor gambled and pressed ahead with most of what it wanted to do in........

© The Sydney Morning Herald