Posts Tagged ‘Malcolm Turnbull’

rsimeon

Blame our Governments for high property prices

With another federal election now passed all the political rhetoric about infrastructure will be buried until the next election in three years’ time. Sadly, in Australia our elected governments are only interested in the one thing – taxes.

Since the early 1980’s politicians have conveniently discussed the construction of a high – speed rail link along the east coast where typically nothing has happened, although you can be guaranteed that it will be mentioned again prior to the next federal election. In 2013 the High Speed Rail Study Phase 2 Report estimated that a conventional High Speed Rail Express trip from Sydney to Melbourne would take 2 hours and 44 minutes … more »

rsimeon

Australia’s greatest ever sales pitch?

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Get ready Australia. The Prime Minister announced this week his road map for tax reforms that he proposes to take to the next election. No need to guess what the centrepiece will be – look no further than a five (5) per cent increase to the GST. This will be very hard to achieve given when the GST was introduced in 2000 the states and territories immediately reneged on their agreement to abolish duty taxes, so we can rightly expect that they will never renege again.

The problem facing Malcolm Turnbull is that the states and territories want more money and the federal government can’t fund this through their tax receipts. … more »

rsimeon

Times change, sadly politicians haven’t


We would all love a dollar every time the words “tax reform” have been mentioned over the past decade with countless inquiries and white papers presented where no reform ever eventuated. So it was most interesting to see Prime Minister Malcolm Turnbull and freshly appointed Treasurer Scott Morrison flagging tax reform, income tax cuts and housing affordability again, much like that broken record of their many predecessors.

Yes the Australian economy has its fair share of problems much like the rest of the developed countries across the planet where the common problem is that they are their own worst enemies. The last major tax reform in Australia was the introduction of … more »

rsimeon

Property markets brace for hysteria and usual faux pas

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If some people think a declining clearance rate is a solid key performance indicator for our real estate markets they are badly mistaken as research identifies that the markets remain 60 per cent private treaty and 40 per cent public auction. Clearance rates are in my opinion more a mood indicator as to consumer confidence levels and not much more, although some commentators would have you believing they are the be all and end all.

If we are to better understand the intricate machinations of what is happening in our demographic markets I would like to see the property portals thinking in greater detail. For example, when a property appears on … more »

rsimeon

Are foreign buyers about to ‘short’ our residential markets?

For years now I have contemplated how an investment banker would run the Australian economy and now we are about to find out with Malcolm Turnbull taking over the reigns as prime minister.

Straight after the news broke I posted a message on Mr Turnbull’s Facebook page – “Congratulations on becoming Prime Minister of Australia.If I can ask you to do one thing – could you please appoint Kelly O’Dwyer as Housing minister. It’s rather embarrassing that the Australian government does not have a Minister for this important portfolio.”

There are major dark clouds forming and what we might expect is being discussed by a few, and if we are proven correct … more »

rsimeon

What Our Politicians Don’t Want You To Read

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“It is potentially the biggest economic and social challenge we face. Yet, it hardly registers in the popular debates. Within the lifetime of the typical Australian the number of people living here is expected to jump 60 per cent from 23.3 million today to 37.6 million by 2050.” Why Australia needs to get real on population growth by Christopher Joye in the Australian Financial Review shows exactly why the modern day politicians are more concerned about re – election over strategic policy making.

Just this week we saw more »

rsimeon

The New Digital Economy to Spark Australia

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It would be fair to say that the vast majority are well and truly over all the policies on-the -run that our politicians keep throwing at us on a daily basis. Nearly all will never see the light of day (well not in our lifetimes anyway) which would explain why the general public are over the electioneering over promising and generally taking electorates for fools.

Unemployment is an obvious concern with the three M’s struggling – manufacturing, mining and motor vehicles all facing challenges in the short – term. Of great concern and this, in my opinion, should be priority number one although it barely rates a mention out on the … more »

rsimeon

Australia Can No Longer Be Complacent!

.Or should that read, Australia’s federal government can no longer be complacent? Australia approaches Spain as the world’s 12th biggest economy. Data compiled by Bloomberg has Australia’s economy at $US1.379 trillion and Spain’s at $US1.386 trillion GDP – so we should overtake Spain (we probably already have) this September quarter. Australia has been on one amazing economic ride having posted twenty one (21) consecutive years without a recession.

Falling prices for iron ore and coking coal have eroded Australia’s terms of trade – which climbed to a 140 – year high in 2011. “Various global shocks have hit the … more »

rsimeon

Australia Is In A Vortex Of No Vision

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Well hold the phone – RBA to cut rates by 25 basis points next week and reduce the cash rate by 2.75% by year end: Westpac. Things are about to get a whole lot interesting on the home front although as I will show this week, the Mosman market at the moment is trending quite differently to other comparable markets.

Real estate is a numbers game based on the number of properties available at any given time and whether this number is reducing or increasing. Of course these … more »

rsimeon

No Partying In The Australian Labor Party – Still A Huge Hangover

 

.Rather a parting of ways as Australia’s most unpopular prime minister is challenged by Australia’s second most unpopular prime minister. It’s more than obvious that the government has absolutely lost the plot to such an extent that like NSW Labor, the Australian Labor Party (ALP) has lost relevance and this is resonating in the polls. It will be most interesting to see the Newspoll polling that is due for release on Monday, I expect Julia Gillard to receive a massive backlash. The ALP simply don’t get it. The polls are all about policies and the relevant politicians.

Will Rudd sacrifice Labor? Whatever the outcome … more »

rsimeon

Poll position still counts for something!

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When Julia Gillard stealthily snatched the keys to Fort Fumble from Kevin Rudd in the dead of night, June 23 2010, her action was based on the party’s belief that he had “lost his way”. Ten months later the party is now shipwrecked on Point Rock at Hard Place.

In political speak, the compass is often called a poll, although Prime Minister Julia Gillard recently commented after disastrous polling, “I don’t comment on the polls, and I don’t spend much time wondering about them.” The polls were close to one hundred per cent correct long before Fort Fumble was decimated at last month’s NSW election. more »

rsimeon

Freedom of speech is worth advertising

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Forget the last federal election that resulted in a hopeless hung parliament – the new rule is incarcerated in people speak – hallelujah as “united we stand – divided we fall.” Despite what politicians may say with bated breath – polls threaten their very own livelihoods as much as they threaten our right to agree or disagree. Left field policy announcements within the Rudd/Gillard regime has been met with aggression that resurrected – if you don’t like it run an advertising campaign first initiated by the mining companies.

Politicians want to be in the limelight – not a back drop hidden within a party struggling for that voter point of difference … more »