Conservative Economics Explained | You know something’s wrong

There’s a basic flaw with government economic policy.

We’ve all felt it for a long time. Flat wages rising prices and worse and worse government services.

In this video Robert Reich explains and gives examples to show the flaw in conservative economic theory.

https://twitter.com/RBReich/status/926822853260976128/video/1

Housing affordability lessons from Vancouver for the City of Sydney

Vancouver has been grappling with its housing affordability crisis for over a decade – and its mayor has some advice for Sydney.

Part of the problem, he said, is that Australia and Canada were “way behind in innovation in government” and cities were left with few real policy levels to tackle the issue.

Source: Housing affordability lessons from Vancouver for the City of Sydney

Mortgage arrears at five-year high: Moody’s

Home loan arrears are at the highest levels for five years http://snip.ly/mky1h

home loan arrears

The proportion of Australian residential mortgages more than 30 days in arrears rose to its highest level in five-years, according to Moody’s Investors Service.

Source: Mortgage arrears at five-year high: Moody’s

 

real estate

Property Prices In Queensland Regional Towns Are On The Move

Regional Queensland Is On The Rebound

Property prices in Queensland regional towns are starting to move according to realestate.com.au. Big spending on hospitals, police facilities etc are driving a new boom.

A massive driver of growth from Dept.of Infrastructure alone.

property prices in queensland regional towns

Government projects driving property prices in queensland regional towns

 

The most arrogant people in Australia are business people and we’re sick of them

The Australian Psyche Won’t Put Up With Inequality

 

How the worm – and the world – turns. When the Abbott government came to power just four years ago, it claimed its arrival signalled the “end of the age of entitlement”. Don’t laugh, it’s happening – but in the opposite way to what treasurer Joe Hockey had in mind.

Source: The most arrogant people in Australia are business people and we’re sick of them

Home Truths – Four Corners – YouTube

The Affordable Housing Crisis Investigated By Four Corners

Affordable housing crisis in Australia is reaching biblical proportions. Many are warning of a bursting bubble..

 

Four Corners reports on the white hot issues of housing affordability and negative gearing and the generation left wondering if they will ever own their own home.

“We will start it at 1.1 million dollars ladies and gentlemen.”

A house with a million dollar price tag used to be confined to the super wealthy suburbs in Australia’s biggest cities. Today, properties with that sort of asking price are commonplace, even in the urban fringes, with little infrastructure and lengthy commute times.In Melbourne, the median house price is $700 thousand dollars, around 10 times the average wage. In Sydney, there are suburbs more expensive than Manhattan. It’s why the IMF declared Australia one of the most expensive countries in the world to buy property in. Via youtube.com

 

The Future Of Work And The Social Welfare State’s Survival

Is Your Property Investment Future Proof?

Clickworkers An acquaintance, Lutz, gave me a tour of his co-working space in his Neukölln neighborhood in Berlin, where he and a dozen other digital entrepreneurs rent out little cubicles, share office expenses and network. Lutz and his colleagues are called ‚clickworkers’ because they work over the internet for anybody who hires them for their particular specialty– software development, computer programming, data management, web and graphic design, translation, copy editing and more.

Source: The Future Of Work And The Social Welfare State’s Survival

labour market aigist

Labour Market For August | Hours Worked Fall Again Only Part Time Jobs Created

Labour Market Hours Worked Are The Key Number for Property Investors

Labour Market figures show hours worked are down and wages rises not keeping pace with inflation. Property investors need to take notice of these numbers as they show the importance of have blue chip long term tenants.

Unemployment eases to 5.6 per cent, but full-time jobs lost – ABC News (Australian Broadcasting Corporation)

Key points:

Unemployment falls to 5.6pc in July after June figure revised up to 5.7pc
27,900 jobs were added to the economy last month: an increase of 48,200 in part-time, a fall of 20,300 full-time jobs
The proportion of the population in employment is the highest since April 2013 Via abc.net.au

 

labour market 2017

Labour Market Statistics by state