because our federal politicians are morons or corrupt (both Lib and ALP) they signed contracts with no reserves for Strayans..so chinese now buy our Gas for a pittance and sell it back to Strayans at a profit.
The Australian economy is totally screwed look at how much disposable income is being sucked out of the economy just on mortgages and rents not to mention power, wow that's got to be crippling
Cost of living pressures more I think, health expenses/trades & services, groceries, costs of food & labour etc. But I think a big concern is lower Australian earnings or GDP, with big drop off in revenue from coal, iron ore, other metals and mining & primary production also. Big spikes in particularly these export markets past few years, brought in enormous royalties and positive balance of trade for us. Labour shortages ++ governments significant spending on buildings also, lucrative government building contracts meant less building and labour availability and much higher costs for the private sector, escalating prices home building costs or not be profitable for builders to take on contracts with labour and input costs higher, increased government public service jobs too, high sustained immigration levels too - wages have gone up, inflation, interest rates were risen quickly and now been sustained higher into 2025. This should all start to ease. Take pressure off mortgage holders But if gross income for Australia falls. Mine closures. Already projects and additional development being paused, a lot of redundancies esp in WA mining & also associated processing hubs. If we see more of this + AI touted to decrease workforce (automated machinery, vehicles even, admin systems, less workers due to costs and liabilities) - this be more of a worry if people can’t pay their mortgages with lost jobs and income. In a lucky country it is unbelievable that we don’t have more & cheaper abundant energy for instance, would stimulate and support entire country and economy. Government can’t subsidise forever.
The underlying problem is this interference and over regulation in what sold be a free market. The lender should decide and not the government. Let people fail who night off more than they can chew. Same goes for businesses and other individuals. Then we might see a real correction based on real circumstances and the market will regulate itself. Government interference in all things is the root cause and of course the uneducated, unsuspecting and government trusting voting public.
Merry Christmas. Thankz for your time and for sharing your thoughts. Live goes on regardless of rates. We all know Rba and the government are using their tools. Their great for them. The more we are screwed, More Australian is screwed the more we work for less, the better the economy. Tax,hidden tax,inflation. Political are not that knowledgeable in economy.
Politicians (looking after their own interests and that of their lobbyisits) trumps the need for reform...destroying the future of this country is just collatoral damage.. is basically how Kouk describes the current crop of politicians..very accurate and very shameful for straya
Stupid stuff going on! Point 1) if the rba didn’t raise rates inflation would not have gone up as high as it did (hence half of it was of their own making). Point 2) this obsession with unemployment rate is pathetic & useless (jobs market has been changing radically ie uber, fivver, airtasker, contracting & number of Abn’s) Point 3) how many drew down their super or pulled from long term savings which will impact long term structural finances RBA has lost the plot & looks to be just shifting excess wealth from individuals to corporations & banks. If the RBA did nothing during the pandemic we would all be much better off…. Apart from banks & large corporate profits. What a shocker!! 😮
I like this style of Q and A
Thanks for time and insight
If we're exporting tonnes of coal and gas to China and we have heaps of it why is Jacinta Allan is saying it's nearly run out?
because our federal politicians are morons or corrupt (both Lib and ALP) they signed contracts with no reserves for Strayans..so chinese now buy our Gas for a pittance and sell it back to Strayans at a profit.
A great year of Property Insights!
Merry Xmas team. Thanks for a great year 🎉🎉
Happy holidays!
Thanks gents, appreciate your efforts and listening to your views, insights and predictions.
Our pleasure!
Thanks Guys 👌
The Australian economy is totally screwed look at how much disposable income is being sucked out of the economy just on mortgages and rents not to mention power, wow that's got to be crippling
But hey at least all the property investors are swimming in money 😂
Not all property investors are swimming in money mate especially the large proportion of mum and dad investors.
@@dynamic283you mean the banks are loving the interest repayments.
Cost of living pressures more I think, health expenses/trades & services, groceries, costs of food & labour etc. But I think a big concern is lower Australian earnings or GDP, with big drop off in revenue from coal, iron ore, other metals and mining & primary production also. Big spikes in particularly these export markets past few years, brought in enormous royalties and positive balance of trade for us. Labour shortages ++ governments significant spending on buildings also, lucrative government building contracts meant less building and labour availability and much higher costs for the private sector, escalating prices home building costs or not be profitable for builders to take on contracts with labour and input costs higher, increased government public service jobs too, high sustained immigration levels too - wages have gone up, inflation, interest rates were risen quickly and now been sustained higher into 2025. This should all start to ease. Take pressure off mortgage holders
But if gross income for Australia falls. Mine closures. Already projects and additional development being paused, a lot of redundancies esp in WA mining & also associated processing hubs. If we see more of this + AI touted to decrease workforce (automated machinery, vehicles even, admin systems, less workers due to costs and liabilities) - this be more of a worry if people can’t pay their mortgages with lost jobs and income.
In a lucky country it is unbelievable that we don’t have more & cheaper abundant energy for instance, would stimulate and support entire country and economy. Government can’t subsidise forever.
House prices are down 30% in 2025 😊
The underlying problem is this interference and over regulation in what sold be a free market. The lender should decide and not the government. Let people fail who night off more than they can chew. Same goes for businesses and other individuals. Then we might see a real correction based on real circumstances and the market will regulate itself.
Government interference in all things is the root cause and of course the uneducated, unsuspecting and government trusting voting public.
Merry Christmas.
Thankz for your time and for sharing your thoughts.
Live goes on regardless of rates.
We all know Rba and the government are using their tools.
Their great for them.
The more we are screwed, More Australian is screwed the more we work for less, the better the economy.
Tax,hidden tax,inflation.
Political are not that knowledgeable in economy.
From what ive seen banks are flexible depending on the borrower with regard to the buffer. I don't think there is a set nunber.
Politicians (looking after their own interests and that of their lobbyisits) trumps the need for reform...destroying the future of this country is just collatoral damage.. is basically how Kouk describes the current crop of politicians..very accurate and very shameful for straya
Working with Gillard 😅. That’s says a lot
A people that elect corrupt politicians are not victims....but accomplices
We'll just end up exporting to the USA
what difference is there bw ALP and Lib??..they both represent the lobbyists not the people.
PLANDEMIC !!!
The fact these guys still call it a PANDEMIC says to me they are still sound asleep.Especially Kouka. No idea.
@@Thattopnote what would you rather they call it?
@@ausairman ah you're asleep as well. Nighty night.
@@Thattopnote you're trying to evade the question
Bitcoin
Stupid stuff going on!
Point 1) if the rba didn’t raise rates inflation would not have gone up as high as it did (hence half of it was of their own making).
Point 2) this obsession with unemployment rate is pathetic & useless (jobs market has been changing radically ie uber, fivver, airtasker, contracting & number of Abn’s)
Point 3) how many drew down their super or pulled from long term savings which will impact long term structural finances
RBA has lost the plot & looks to be just shifting excess wealth from individuals to corporations & banks.
If the RBA did nothing during the pandemic we would all be much better off…. Apart from banks & large corporate profits. What a shocker!! 😮
U will be swimming across the harbour in 2025
If it drops will you swim across it?