The Reserve Bank has announced further interest rate rises. I heard on the news that up to 25% of people will lose their homes this year.

Rudd still seems intent on going ahead with tax cuts, which doesn't seem logical to me.

At the same time there is a shortage in housing pushing up prices and rent. The government is considering bringing in 15,000 migrant workers to help build more housing.

Sounds like a catch-22 situation as they will also need to be housed. Increases in interest rates makes it difficult for people to decide to build their own home.

I can imagine there is a problem with labour shortages in the country but I wonder about in the cities. There doesn't seem to be any long-term planning taking place.