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The Albanese government

Who is going to be the first to try and knife Airbus next year?

  • Marles

    Votes: 1 8.3%

  • Chalmers

    Votes: 3 25.0%

  • Wong

    Votes: 1 8.3%

  • Plibersek

    Votes: 3 25.0%

  • Shorten

    Votes: 2 16.7%

  • Burney

    Votes: 0 0.0%

  • Other

    Votes: 2 16.7%
  • Total voters
    12
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Homelessness of families that can't get housing is real. There is a shortage of rentals.
Saying "oh it's never perfect" is missing the fact that there's nowhere to live.

Wage growth will lower more. Make no mistake, this is slave Labor for businesses.

There's what? 200k permanent jobs 300 part time and in comes 400k of skilled workers with subpar training.
Companies seem to be over hiring then not providing enough shifts for workers to cover living expenses. Aged care is notorious. This isn't a good thing for this period of time.

In NZ pensioners are taxed normally for work they do. Australia has 50% tax or something.
Participation in Australia of pensioners is something like 3%
In nz it's 23-25%. (Fuzzy on the details as it's something I looked at a long time ago)



We won't be hitting climate targets any time soon either. Government here is doing the easy thing for them and the sht thing for the rest of us. There's huge holes in education, utilities, etc.

The other thing I would argue is that migrant workers are rarely protected either.

It's short sighted policy.
 
Oh God, 10 years of attacking unions, 10 years of flooding in immigration to prop up the GDP, 10 years of letting foreign corporations enslave workers and paying SFA, 10 years of letting banks rip off the average punter, remember ripping penalty rates of the lowest paid all the time here was silence and crickets.

And now the revelations about Morrison extortionary.

Labor will need (wont get) 20 years to repair the damage

BTW being away in the country side of the SW stunning scenery had a great time.
 
JohnDe said:
Everyone has a different definition of more. Yours might be less than mine, and mine less than my neighbours.
Click to expand...
Of course but does anyone dispute that increasing the population of Sydney to 6, 8, 10 or however many million won't mean more of everything compared to retaining it at ~5 million?

Regardless of how much each individual uses, if we have twice as many people then in total they're definitely going to use more than we do now. Indeed if living standards are to be retained then all up it's quite a bit more.

In the context of Perth, Darwin, Adelaide or Hobart there's an argument that it does bring real benefits. Add another million to Perth, double the population of Adelaide and double the population of Tasmania as a whole and it might actually fix some present problems.

That said, the problems it fixes are mostly rather trivial ones - we're talking about a Tasmanian AFL team being viable and things like more live music events in Perth and Adelaide and things like that. Entertainment and other "nice to have" but by no means essential things. It's not fixing serious things like homelessness or hospitals.
 
Morrison, Turnbull, and Abbott were all called out. Scomo was hated. Where were you for the last ten years? Labor was just a terrible alternative at the time.

Do you know what the unions were trying to negotiate?
That they would agree to mass skilled migrants if they were made to join the unions. Yeah truly looking after members.
It's looking like the same bs as last time. It's possibly the worst time to allow mass skilled migration. Half the number would have been adequate.

The housing crisis is bad. Builders are now going under so it gets worse. We then import workers and it floods the market with more shonks when it's looking like turning down.

I'll criticise sht decisions. Labor went back on a pledge on their immigration target. Doing so spits on Australians. It's a cop out after hearing so much about "Labor Values".
 
moXJO said:
Builders are now going under so it gets worse.
Click to expand...

You seem to be in this industry so I'll ask you the question, are builders going under because they are being priced out of the market by raw material increases, or for some other reason ?
 
Sustainable migration is absolutely needed. "Big Australia" is a stupid idea and doesn't just lower standard of living, buy ruins the actual Australian environment.
 
SirRumpole said:
You seem to be in this industry so I'll ask you the question, are builders going under because they are being priced out of the market by raw material increases, or for some other reason ?
Click to expand...
They got caught in a price squeeze. Signed up too many buyers and got caught during covid, shortages and price rises.
 
  • The national vacancy rate has fallen to its lowest point on record after four consecutive months of holding steady.
  • Sydney has fallen to a record low vacancy rate of 1.3%, exacerbating worsening rental conditions and a highly competitive environment.
  • Melbourne’s vacancy rate dropped for the seventh consecutive month to 1.4%, the lowest point since March 2019.
  • Brisbane remains at an all-time low of 0.6%.
  • Perth and Adelaide rental markets continue to tighten, falling over the month to a record low of 0.5% and 0.2%, respectively.
  • Brisbane, Hobart and Canberra were the only cities to remain steady over the month.
  • While vacancy rates have fallen in July and continue to operate in a landlords market, we could see rental conditions stabilise in the coming months with the rise of investment activity helping to alleviate tightening conditions.

So something like 23,000 national rentals currently available. But tell me I'm over exaggerating.

You also have to take into account that many people had to move back with their parents. People living in caravans and shared housing.

Investment opportunity for those willing to take the punt.
 
moXJO said:
They got caught in a price squeeze. Signed up too many buyers and got caught during covid, shortages and price rises.
Click to expand...


Same here locally plus big problems getting trades to turn up, everyone just trying to survive know some one who had a 63% price rise thrown up before signing the contract needless to say he passed on the deal.
 
IFocus said:
Same here locally plus big problems getting trades to turn up, everyone just trying to survive know some one who had a 63% price rise thrown up before signing the contract needless to say he passed on the deal.
Click to expand...
It's crazy. I think it's beginning to ease. Certain items are just gone though and majority of stock is order only. Gone are the days someone has it in stores.
 


I think the term deathly silence fits and there are more than just the CFMEU that have been shackled.

Still agree re immigration to a point however the structural problems running through the economy thanks to previous do nothing governments that managed a low wages environment of the working poor / under class keeping people unskilled while importing skilled migration will take time to fix and likely wont be solved during Labors term.
 
moXJO said:
  • Investment opportunity for those willing to take the punt.
Click to expand...
Catching the falling knife, in a sector that could be attracting new tax implications, there are profit opportunities or possible new pitfalls.
Ah getting wealthy is so easy, the baby boomers were so lucky, now the opportunity presents for the next generation, some will gamble and win, some will gamble and lose.
The losers will be forgotten, the winners will be held up by the media as the reason for the teenagers of today, not being able to get into the property market in the future.
Wash, rinse, repeat.
 
So taking from that we just expect increased competition from increased immigration, and it will increase for three years, so get used to the idea of increased rent, increased homeless, less job opportunities, more unemployment and more crime.
Yep OK, Roger that.
 
The libs literally ignored huge fundamental problems. I'm not saying everything they did was wrong and it's the same with Labor. But they both seem to add fuel to the fire to make it worse in the long term. I'd hate to see Australia's standard of living drop to that of somewhere like the US. The amount of homeless was ridiculous.

The people that really do care about workers, aged, homeless and the direction of the nation are rarely those that are in power.
 
Similar thing happened 2011 and I took the punt. It was off the back of a property bull that use to post here. I was a bear and bit the bullet and took on board what he said.
Made bank from that bet.

But research research research. What I said was a throw away line as I think property is over priced. The building game might continue on though.
 
Property is over priced in some places, property IMO has to be priced on net dividend return and possible capital gain on location value, everything else is white noise.
 
I would look outside the economics, more toward the societal and regulation changes. we have a role model.. kind of.. which we seem to follow, and it is not the US, more Europe. UK especially but economically more Spain...
would you own an investment property in UK or Spain now.. irresoective of price?
labour and green aka far left in power,plus immigration loose directly links to
ghettos, crime, squatters and anti landlord legislation, taxes.
IP in Australia is a no go in 2020.
Who cares about the yield if the rent is not paid, you have to pay the rates, water, BC, and any loan, and the not paying tenant is still there after years of defaults and throw you in jail if you become agitated. welcome to woke starving vegan EV uberised Australia 2040
Own property / ppor is slightly different. but not the same market and will still see the effects of crime and ghetto. choose wisely for a place to live, not an investment
 
Given the slugs in parliament own property it will be interesting to watch if they do crack down. Realistically, an increase in skilled population will hold prices up. Should lower interest rates. Increase yields. They have been tightening up the ability to kick renters out though.

But I know what you are saying. The leftist media has definitely entered its "Labor in government" phase with an increase of articles about taking stuff away from the haves. Not the actual rich mind you,like the ones with millions in the bank. But from those in the $200k bracket.

Greens have been bleating stupidity as usual. Labor/libs are similar at this point. Realistically what's the difference?
Still sucking US ar5e
Still licking big business boot.
They are still screwing over workers at a time where they shouldn't be. The population is just too dumb to notice.

Running on environment and then jamming huge numbers of immigration through. Just degrades the Australian environment more.
Plenty more consumers though.
Plenty more taxpayers.

I'm beginning to set up in another country at the moment. Australia taxpayers are becoming like battery hens. That money is wasted by politicians (who by the way also constantly raise their own wages) on dumb sht. I've personally seen it in action. The attitude that it's an endless pot of money, without seeing the sweat off the backs of Australians that it was taken from.

The standard of living drop is noticeable. Having kids spread over the past 2 decades, you do see the differences.
 
moXJO said:
The standard of living drop is noticeable. Having kids spread over the past 2 decades, you do see the differences.
Click to expand...
If people think it was tough for the gig economy workers for the last 10 years, IMO they are in for a real shock if 200,000pa immigration starts up, don't forget Kev said Australia's sweet spot is about 50million people.
Well dividing the resources pie, by twice as many people, should make for some interesting outcomes.
They will certainly get over the worker shortage.
 
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