“The biggest failure of public administration since the formation of the Commonwealth of Australia in 1900.” Australian Tax Office insider. “The result of having the wrong system where taxes are too high and a labour market which is over-regulated.” Liberal Party insider. We are talking about the broad, state-sanctioned, backdoor deregulation of Australia’s labour market, which has…
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.
<blockquote class=”twitter-tweet” data-lang=”en”><p lang=”en” dir=”ltr”>Even with the Oz Population Ponzi, real total employee income growth has turned negative. This has only occurred during economic downturns. <a href=”https://t.co/eAvdJBNDmQ”>pic.twitter.com/eAvdJBNDmQ</a></p>— Philip Soos (@PhilipSoos) <a href=”https://twitter.com/PhilipSoos/status/905780889032040448″>September 7, 2017</a></blockquote>
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One Pressure That Is Not Reducing
Student immigration isn’t slowing down and a large number of those arrivals end up staying here permanently.
Plenty of those arrivals will end up as residents…education arrivals breaking records pretty much every month pic.twitter.com/Uwv1PIo1Km
— Pete Wargent (@PeteWargent) July 14, 2017
Immigration drives the property market and it is still pedal to the metal
Immigration is set to drive Australia’s population over 24.5million. Immigration is concentrated around Sydney and Melbourne so you don’t have to be Einstein to work it out.
The persons per new dwelling approvals is rising and about to exceed the long range average. Obviously overcrowding is a big incentive to get your own home.