Add in Bowens new carbon tax that will drive up the price of petrol, diesel and avgas. The future looks grim for Australia in the short term. When the Prime Minister says he would bang an ageing pop star and takes the piss out of the Japanese Prime Minister after her gift of a melon, we know we have a country devoid of leadership. Grim Jim Chalmers got his PhD studying Paul Keating. It's a shame he didn't study Paul Keatings economic policy instead. Keating tried the same foolish policy regarding housing in the 1980's that Chalmers introduced in the last budget. Keating saw the backlash and reversed the policy. Until this happens people in the rental market may be able looking at a 30% increase in rent, or sleeping in the street.