Consumer sentiment and government policies are polls apart

Consumer sentiment and government policies are polls apart

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Not a great week for Fort Fumble, voters desert Prime Minister Julia Gillard over the carbon tax when Newspoll revealed voter satisfaction is now at record lows. Labor veteran John Faulkner entered the debate internal reform won’t fix Labor’s crisis given the biggest problem is their inability to govern. As quick as a flash Labor powerbrokers back Julia Gillard despite poll woes which is not that simple a fix, half the electorate have the government “on the nose”. The latest Essential Media poll identified that just 34 per cent of voters approved and 54 per cent disapproved, which is the first disapproval rating over 50 per cent. Whatever the case the Faulkner speech ignites Labor feud where the odds keep firming that Australia may have a another Prime Minister in 2011.

The carbon tax and the inability to settle the asylum – seeker agreement with Malaysia have electorates questioning Labor policies. Matters of popularity won’t be helped that Labor plans taxpayer – funded carbon price ad campaign taxpayers will foot a $12 million bill. NSW electricity bill spikes confirmed where rises by more than 18 per cent can be expected due to higher network costs and the impact of the federal government’s Renewable Energy Target scheme. That other fight with the miners continues, as the government stands by mining tax.Then an announcement that boom state of Queensland is back, ready to drive the nation when announcing an investment boom in resource projects worth more than $100 billion over the next two years – don’t forget we also have the Gillard flood levy to pay also. Little wonder that consumer sentiment lowest for two years – now what part of all this doesn’t the Gillard government understand?

BUY PRINT

Ms Gillard and Co should read a few statistical notes on the NSW election.

  • The Coalition recorded a 2 – party preferred vote of 64.2 per cent, an overall swing of 16.5 per cent. Both the vote and swing are likely to be records for the post – war period.
  • All 93 seats recorded a 2 – party swing to the Coalition, the smallest 4.7 per cent and the largest 36.7 per cent in Bathurst.
  • There were only 16 seats with swings below 10 per cent.
  • There were 21 seats with swings above 20 per cent and three with swings above 30 per cent, Bathurst, Ryde and Riverstone.
  • The Coalition’s 2 – party referred vote was 75.7 per cent in country NSW, 62.0 per cent in Sydney and even 53.9 per cent in the industrial seats of the Hunter and Illawarra.
  • In the Hunter Valley, Labor’s primary vote was 32.9 per cent, against 33.1 per cent for the Liberal Party and 2.1 per cent for the Nationals.
  • On the broadly defined North Shore of Sydney, Labor polled only 12.2 per cent of the vote to the Liberals 67.4 per cent, the Greens outpolling Labor with 13.8 per cent. The Liberal 2 – party vote on the North Shore was 80.7 per cent.
  • The Liberal Party polled 50.6 per cent of the first preference voter in greater a Sydney as opposed to 28.3 per cent for Labor.
  • The Liberal Party even won a majority of the vote in Western Sydney, a first preference vote of 43.5 per cent to 36.6 per cent for Labor, a Liberal 2 – party vote of 53.8 per cent.
  • The Labor first preference vote was in single figures in seven electorates.
  • Labor recorded a majority of the first preference vote in only one electorate, 51.4 per cent in Liverpool.

The Australian- order Bill Leak’s print

Glenn Stevens the head teller at the Reserve Bank of Australia (RBA) gave his address to the Economic Society of Australia (Queensland) 2011 Business luncheon. The message was pretty clear in that rates must rise, warns RBA governor Glenn Stevens. The RBA is forecasting CPI growth at 3.5 per cent and inflation at 2.5 per cent. The Australian Bureau of Statistics for the year to March has CPI growth at 3.3 per cent and inflation at 2.25 per cent.

Western Sydney leads the way in mortgage delinquencies with 1 in 400 borrowers falling behind in loan repayments. The lower North Shore is the best – performing region in Australia with 0.55 per cent of borrowers in arrears by one or more payments.

Yesterday was a ‘Horror day’ – $25b wiped off the market which was more about the spooking when Greece gets world’s worst credit rating. It is not phasing the Mosman real estate markets as the total number of properties for sale continues to decline.

MOSMAN – 2088

  • Number of houses on the market last week – 107
  • Number of houses on the market this week – 104
  • Number of apartments on the market last week – 97
  • Number of apartments on the market this week – 99

CREMORNE – 2090

  • Number of houses on the market last week – 17
  • Number of houses on the market this week –  17
  • Number of apartments on the market last week – 42
  • Number of apartments on the market this week – 38

NEUTRAL BAY – 2089

  • Number of houses on the market last week – 11
  • Number of houses on the market this week – 12
  • Number of apartments on the market last week – 63
  • Number of apartments on the market this week – 63

For this week’s sales in Mosman real estate, Beauty Point real estate, Clifton Gardens real estate, Balmoral real estate, Cremorne real estate, Cremorne Point real estate, Neutral Bay real estate, Cammeray real estate Click Here

For those who missed my first report on Property Observer Real estate needs to stay on the boil and yes, Anne was first again to post a comment.

Cheers ^__^

4 Responses to “Consumer sentiment and government policies are polls apart”

  • Ann says:

    No e in Ann!!!

  • peter maccormick says:

    well done again robert !!!

  • Ann says:

    There is so much on fire Federally now. I just cant get over how poor the House speaker is at ensuring Ministers and the PM answer questions. When challenged he say the “PM and Minister are aware of their responsibilities”, but they still dont answer the question. Then they complete their answer sit down and there is nothing he can do about it. Its shameful.

    Then you have Windsor, Oakeshott, Brandt and Wilkie asking questions and the PM or Minister approach the despatch box with the written answer (like the Dorathy Dixes) to read. Its Westminister out the window and a side show.

    You talk to retailers who are not even covering rent, let alone wages etc.

    Iceburg dead ahead…..

  • Hotly Spiced says:

    I’m looking forward to QLD going to the polls and seeing if the swing against Labor is equally as bad as it was in NSW. Thanks for the great stats.

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