Polling: Aussies tire of Albo’s abuse

Advertisement

Australian voters continue to turn against the Albanese Labor government, with the latest Roy Morgan polling on federal voting intentions showing that Labor (49.5%) has fallen behind the Dutton-led Coalition (50.5%) on two-party preferred vote.

The result matches the low-point the Albanese Government reached immediately after the defeat of ‘The Voice’ referendum in mid-October and is the third straight week of declines for the Government.

On primary vote the Coalition is now on 37.5%, up 1% from a week ago, and clearly ahead of the ALP on 29.5%, down 0.5%.

The Greens are on 13.5%, up 0.5%, and One Nation is on 6.5%, up 0.5%.

There has been a loss of support for both Independents on 7%, down 1% and Other Parties on 6%, down 0.5%.

It seems that voters have woken up to Labor’s spin, just like they did during the Rudd government.

We’ve had a change of government but no real change. Indeed, things are worse.

We have merely seen a shift from a Canberra that propagated conservative virtue signalling to one that promotes progressive virtue signalling, while the underlying issues confronting the nation continue to deteriorate.

Advertisement

Nice guy Albo has deliberately driven Australia’s net overseas migration to record levels, despite promising lower immigration before the election.

Historical NOM

In turn, Albo’s Labor has delivered the nation’s worst housing crisis, with rental vacancy rates at record lows, and thousands of Australians forced to live in group housing or becoming homeless.

Advertisement
Rental Vacancy Rate

Source: CoreLogic

The corresponding surge in rents is also driving up Australia’s inflation rate, causing the RBA to retaliate with higher interest rates, which is crushing mortgage holders.

Rent inflation
Advertisement

Albo’s Labor has no response and merely offers policy spin. They continually tell us that wages are rising, they are fixing the housing crisis, and that things are getting better under their watch.

The truth is that Labor’s “plan” to build 1.2 million homes in five years has a snowflake’s chance in hell of materialising, whereas its Housing Australia Future Fund is an embarrassing farce.

Instead, Labor continues to make the problems worse every day by running the most extreme ‘Big Australia’ immigration policy in history.

Advertisement

Meanwhile, Australian real wages have collapsed and are forecast by the RBA to remain in the doldrums for years:

Real wages

The strongest growth in labour supply in history, brought about by Mad Albo’s record immigration, will ensure that wage growth remains lacklustre and unemployment rises in the period ahead.

Advertisement
Civilian population

Airbus Albo parades around the world virtue signalling and signing migration deals with large developing nations as actual Australian living standards collapse at an alarming rate.

Albo’s Labor did not win the 2022 federal election due to an increase in votes (they actually fell by 1%). Rather, it won because voters abandoned the Liberals (they fell by 6%):

Advertisement
Political partisanship

Labor’s primary vote was appalling. And it won’t take much for Australians to dump the party like they did during the Rudd/Gillard years.

About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.