Politicians out of control and policies in a big black hole!

Politicians out of control and policies in a big black hole!

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Another fascinating week following the recent federal election. Our new politics takes on a toxic taste, the newly elected Fort Fumble is under attack and there will be plenty of casualties. Whilst treason within Fort Fumble can never be ruled out – Paul Kelly in The Australian wrote “Welcome to the new politics once inconceivable yet now on stunning display: the discredited Kristina Keneally NSW government, the ACTU and the Greens in a united troika against the Labor government of Julia Gillard.” Whatever the outcome, this will get ugly, especially when one throws in the broadband battle: PM appeals to opposition as bills reintroduced.

Wayne Swan ‘no’ to release of mining tax figures which defies a Senate order as the deal with big miners unravelling. Was there ever a deal? These are but a few issues which will impact seriously on the Australian economy. Such as mining tax ‘unravelling budget surplus’ – Abbott although it is fast resembling a mining and banking war as Labor’s besieged on two fronts.

Will Keneally burn Gillard? I don’t think so you broke our deal, Gillard tells Keneally so this hissy fit then became the “Battle of the Birds” – (finger salutes included.) Paul Kelly wrote “there are many morals from these events; the clearest is that the NSW government is radioactive in a political sense and will contaminate anything it touches.”

In The Australian Niki Savva wrote this brilliant piece Lead on reform or lose way – “Julia Gillard has failed to take charge and shape the national debate on key issues. More than 100 days in both jobs, Julia Gillard has failed to properly define herself as Prime Minister or as Labor leader.” Then to Premier Bambi (I will have to borrow that) – “If a state Premier as damaged and weakened as NSW’s Kristina Keneally feels emboldened enough to challenge Gillard on an issue involving unions, and one central to Gillard’s claim of success as a reformer, negotiator and administrator, then the Prime Minister is in real trouble.” Don’t forget the farmers are up in arms given their “rivers no longer run free.”

SydneyJones

BUY PRINT

Building industry faces skills shortfall as the booming mining industry is now moving our skilled workers away from building infrastructure as construction industry braced for upturn. The Australian Industry Group (Ai Group)/Australian Construction Association (ACA) construction outlook survey expects the value of construction work to rise by 5.9 per cent during 2010/11 and then 7.9 per cent in 2011/12. This follows just 1.5 per cent in 2009/12 which is led by iron ore and coal; commodity export prices have soared by 52 per cent in the past year to surpass the pre–global financial crisis. Australia’s jobless rate creates wage pressures, report says given skilled workers are headed off to make their fortunes, thanks to our mining boom.

392315-kudelka-gold-mine

Fast but not free is key to future crisis approach where there are similarities with the failed Fort Fumble home insulation bungle. “The coordinator general and the kitchen cabinet that made all decisions about stimulus spending got the speed they wanted: actually they got a kind of modern – day gold fever: 200 insulation installing firms mushroomed to 10,834 in less than a year and the budget for the program blew out by $400 million.” Australia appears to be digging plenty of mines without any foundations given house building activity hits 18 – month low. Australia has a labour market of just 12 million people – the mining industry is eating up the construction industry. Julia Gillard needs to immediately remove the GST from the residential construction industry and get licensed builders back building houses. Recently it was revealed that Australia has a shortage of approximately 200,000 houses and this will grow to 800,000 by 2020 which identifies glaring problems within the Australian building industry.

15-10-2010 3-49-09 PM

Much written, read and said about the condition of Australia’s housing markets, so we found this RP Data graph an interesting insight into the state of play. Here are the Top 5 suburbs around Australia for the year to July 2010. No need to guess which suburb leads NSW for total value of sales.

15-10-2010 3-51-02 PM

Mosman dropped to third in the apartment stakes although what is interesting, are the results for Manly and Dee Why. With just eight weeks left in the official selling season for 2010, a Melbourne Cup cash rate increase will certainly test many niche property markets (which we preview next week). Compelling viewing given Mosman stock levels for both apartments and houses are on the rise as the graph below shows.

13-10-2010 11-59-56 AM

Always something to write about in our industry although I could not believe my eyes when I read Minister moves to mandate NBN so even if you don’t want Fort Fumble’s national broadband network you will be charged (reportedly $300) to be connected to it. Of course, this will probably blow out to $500 plus by the time the trenches are dug.

Cheers ^__^

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6 Responses to “Politicians out of control and policies in a big black hole!”

  • Ann says:

    What also rocked me Robert, was that Gillard has the Goveror General sign a decree saying they will be no scrutiny of the NBN in Parliament / Committees.

    What is this?

  • Ban Ann says:

    Contributors to this board should undergo testing for literacy and blood alcohol levels before their comments are uploaded.

  • Ban Ann says:

    Despite Ann’s comment being edited/corrected, some errors remain. At least her misspelling of the columnist’s name has been corrected, ‘Rober y’ [sic]!

  • Ann says:

    I dont drink and need glasses, thats for the friendly nudge

  • Ban Ann says:

    Editor: Contributors shouldn’t be saved from themselves; let their gloriously misspelt (‘Rober y’ instead of ‘Robert’ was priceless) and ungrammatical prose stand uncorrected for all to read and enjoy!

  • As editor (general dogs body) we try and accommodate where if a blogger wants a typo corrected and they contact me I am more than happy to correct fat fingers syndrome 🙂

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