Thursday, July 24, 2008

Who did the Howard years help?

This is from the latest NATSEM AMP report out today. The incomes of Australians in the highest-income ten per cent of suburbs and towns rocketed up compared to the rest of us.

It gets better for the top ten per cent. Housing costs in their suburbs increased more slowly than they did for most of the rest of us:

...meaning that their "after housing-costs" income soared compared to everyone else.

Fortune blessed them (and lets face it, they were well-off to start with).