Not  Just Australian CEOs Who Are Not Happy

Not Just Australian CEOs Who Are Not Happy

.Sometimes the truth hurts and the message in the latest CEO Pulse sent a very clear message to the Gillard government. CEO Pulse: CEOs feel better now which just so happens to be the most positive for two years – that’s because we are closing in on an election and a change of government.

“CEOs are fed up with Treasurer Wayne Swan and the government, but that’s no surprise, and they think Treasury usually gets its forecasts wrong, which it does, but nevertheless Australia’s bosses are feeling better about their own businesses and the economy than they have since this time in 2011.”

“60 per cent expect to increase sales over the next twelve months, up from 52 per cent three months ago, and 53 per cent expect to increase profit, up from 48 per cent. In the second half of last year, most CEOs thought their profit would fall in 2013, which was a remarkable statistic.”

“Two – thirds of CEOs say they aren’t delaying any capital expenditure decisions until after either the federal budget or the election in September (18 per cent said they were waiting ‘til after the election), but unsurprisingly, the overwhelming majority (86 per cent) said a Coalition victory would be the best for the country and for their business.”

TheWreck

BUY PRINT

The declines across Australia continue for First Home Buyers with loan approvals falling 1.5 per cent in February making up just 14.4 per cent of the overall market. I have never been a supporter of artificially inseminating property markets by throwing around free money. It should be noted that when vacancy rates are at all-time lows this further complicates the issue given property rents are climbing much higher than property values. Rental growth to keep pace with house price growth over the next two years led by WA: NAB survey – Rents are forecast to rise 3.6 per cent over the next two years.

12-04-2013 3-06-49 PM

NSW is a major casualty after 15 years of an ineffective and hopeless government where today QLD and WA attracting New South Welshmen in droves: RP Data. On a state – by – state basis population growth has been the strongest in absolute terms within Victoria (94,837), Queensland (91,389), New South Wales (86,033) and Western Australia (81,694). It is interesting to note that New South Wales and Western Australia both have the highest rentals. These four states account for 92.5 per cent of total population growth over the 12 months to September 2012.

As a result 18,448 more residents have left New South Wales than arrived over the year. This should and must be a major concern for the NSW government given history clearly shows that when a family moves seldom do they return – given the decision is all about lifestyle.

16-04-2013 9-19-11 AM

Time to take a snapshot of Quarter 1 comparisons in Mosman from 2012 to 2013 which confirm my previous commentaries – stock levels are down approximately 25 per cent on 2012 for both apartments and houses.

Mosman House Sales Quarter 1 – 2013

Houses – 51
Apartments – 71

Mosman House Sales Quarter 1 – 2012

Houses – 64
Apartments – 101

For Quarter 1 – 2012 the total house sales finished up with $195,144,500 which by comparison was a very strong quarter. The median price was $2,280,000 and the average price climbing to a record $3,049,133, however this was due to two sales in particular – Bay Street Beauty Point for $20,000,000 and a Mandolong Road Mosman home for $18,000,000. By comparison the sales prices for Mosman houses in Quarter 1 – 2013 are still coming in so it will be a month or two before we have the exact data. The data we have extrapolated thus far identifies that the highest sale recorded was $5,250,000 which means given fewer sales the average price will drop significantly.

It will be intriguing to see what Quarter 2 – 2013 delivers.

Source: Domain Property Monitors

MOSMAN – 2088

• Number of houses on the market this time 2012 – 98
• Number of houses on the market last week – 90
.Number of houses on the market this week – 84
• Number of apartments on the market this time 2012 –105
• Number of apartments on the market last week – 70
.Number of apartments on the market this week – 67

CREMORNE – 2090

• Number of houses on the market this time 2012 – 11
• Number of houses on the market last week – 11
.Number of houses on the market this week – 11
• Number of apartments on the market this time 2012 – 30
• Number of apartments on the market last week – 15
.Number of apartments on the market this week – 20

NEUTRAL BAY – 2089

• Number of houses on the market this time 2012 – 12
• Number of houses on the market last week – 7
.Number of houses on the market this week – 6
• Number of apartments on the market this time 2012 – 59
• Number of apartments on the market last week – 32
.Number of apartments on the market this week – 37

For this week’s sales in Cremorne real estate, Cremorne Point real estate, Mosman real estate, Beauty Point real estate, Clifton Gardens real estate, Balmoral real estate, Neutral Bay real estate, Cammeray real estate.
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For this week’s open for inspections.
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We are one month away from the Federal government delivering its final budget deficit. Massive problems with the collapse of the price of carbon in Europe which sits at around $3.35 a tonne and Australia’s fixed at $23.00 per tonne until 2015. Opposition treasurer commented, “If the European price today is to be applied to the budget there would be a budget hole of at least $7 billion in just one year.”

Yesterday we learnt the “World’s Greatest Treasurer” Wayne Swan is now refusing to pay the $725 million collected as flood recovery monies even though it appeared in the forward estimates. This is the money that the Gillard government imposed (otherwise known as a levy) on Australian taxpayers. This highlights how bad the Gillard government’s finances are despite constant reassurances – remember the 2012/13 budget was a non – negotiable return to surplus!

Out of interest from 2002 – 2007 the Howard government spent $978 billion from revenues of $1.067 trillion – from 2007 – 2012 the Gillard government spent $1.729 trillion from $1.543 trillion in receipts.

The upcoming Fudge – it will fascinating.

Cheers ^__^

One Response to “Not Just Australian CEOs Who Are Not Happy”

  • Ann says:

    “Yesterday we learnt the “World’s Greatest Treasurer” Wayne Swan is now refusing to pay the $725 million collected as flood recovery monies even though it appeared in the forward estimates.”

    Unbelievable – where is the national media on this?

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