Could be because we have an undiversified economy with reliance on tourism and mining which both suffered falls after the pandemic.
Tourism is booming elsewhere...
Mining? Gold is at a high, we have had since covid energy companies doing top profit worldwide, etc etc.
But when you self destroy your energy production and impose it on the whole economy, it has a cost.
When you prevent energy exploration or new mines it has a cost.
When you import solar panels instead of opening a new gas reservoir, it has a cost
I understand you trying to find reasons away from ALP governments state/fed but excuses are not valid.
We pay for NDIS, for jump in PS jobs, stupid submarine and fighters purchases, for taxation overload.multi level red tape eyc...
Have you noticed the crypto regulations coming on?
The troglodytes incompetents at the helm are ensuring the death of any existing Australian based blockchain businesses and ensuring no startup in this domain will put feet here again.
And what about preventing exports of our own sheep or cattle? Surely in our interest..not even mentioning tribal trends cost
All that ALP.
But i agree, both sides were involved when extending travel lockdown for 3 years during COVID.
Longest in the world but for Chile.
That was good for business i am sure
, for Pfizer indeed to prolong hysteria, but not for my business, or all of the Australian economy.
The whole thread tells you why!
And it is just a start, more deficit, more interest to pay, we ensure even changes of policies or governments will be burdened with huge ongoing costs.
This is not a capital gain on RE, this is structural and mental.
Took 50y for Argentina to wake up, so RDV in 2100 if we are still a nation