It’s almost arrived: Big Brother is taking over the nanny state. From this morning’s Adelaide Advertiser:
Perversely helping. Those tabloid terrors the Sydney Telegraph and the Melbourne Herald Sun were doing their best this morning to frighten the mob with front-page leads about impending doom and gloom suggesting tens of thousands of working families are facing eviction from their houses as mortgage rates rise. Rather than being concerned, Treasurer Wayne Swan should be hoping that Australians take the stories seriously because a little bit of fear will assist the process of curbing demand that the Reserve Bank thinks is necessary.
Not that there are any signs of that process swinging into action immediately.
Australian Bureau of Statistics figures out this morning show trend estimate for total dwelling units approved rising 1.5% in March 2010, having risen for 14 consecutive months. The seasonally adjusted estimate for total dwelling units approved rose 15.3%, to 16,383 following falls in the previous two months.
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