Poll position still counts for something!

Poll position still counts for something!

.

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. Polls come and go, and so do leaders as was the case in NSW where it become a simple choice of either ditch the policies or ditch the leader.  It’s now Julia Gillard versus the carbon tax, NBN Co, East Timor solution and a budget deficit that’s getting worse, not better.

Infrastructure is without a doubt the greatest problem facing modern day Australia today. NSW firms get crumbs as workers flee – almost half of NSW businesses are having difficulty finding skilled employees as they compete with the higher pay packets being offered in the mining sector.  NSW faces a skilled worker shortage given the reconstruction work in Queensland and the ever expanding mining sectors which will drive wages to dangerous levels as the shortages multiply each month and inflation will follow as inflation on a knife – edge.

BUY PRINT

I asked Tim Mooney if (by chance) he would be flying over Westminster Abbey to get an aerial shot of today’s Royal Wedding.  Unfortunately, due to budget restrictions, we settled on The Abbey in Glebe, Sydney

New home starts in 2011 are fast tracking the weakest declines since the mid 1990’s with property prices remaining subdued and many will say this is a good thing. Although on the flip side, it means that the circular flow of income (which is the oxygen for the economy) stalls, with the lack of economic growth and confidence. Home prices declined nationally in March quarter: APM we expect the same results once the June quarter figures are announced given housing credit growth remains fragile.

This week’s inflation numbers certainly point to higher interest rates by year’s end as Australia’s consumer price index rose 1.6 per cent in the March quarter (its largest quarterly jump in almost five years). The housing group is up from the 0.6 per cent level of the December quarter, with the annual rate of increase, the lowest since the September quarter of 2007. Contributing to the annual increase of 4.8 per cent for the housing group, were substantial increases in the price of utilities – 11.7 per cent for electricity, 12.8 per cent for water and sewerage and 6.2 per cent for property rates and charges. Rents increased by 4.5 per cent for the year on a weighted average, over eight capital cities and the cost of house purchase increased 2.6 per cent.

Source: The Australian, Bill Leak

Show us the money Mr Swan: it’s time to stop squandering our future by Malcolm Turnbull :Well, one thing to be said for Swan’s latest excuse is that it makes a change from the past three years of using the global financial crisis to justify failed programs and irresponsible choices.

Of course Wayne Swan nails it, when it comes to explaining the economic machinations of our economy.  Petrol jumped 8.8 per cent, vegetables increased by 16 per cent following the Queensland and Victorian floods and Cyclone Yasi and fruit increased by 14.5 per cent.  Surprise and further surprise, almost forty (40) per cent of retail spending by Australian households now lands in the cash registers of either Coles or Woolworths, according to exclusive new research by Commonwealth Bank grocery giants in 40% grab. For example: bananas cost $2.99 a kilo prior to Cyclone Yasi and jumped to $16.00 a kilo in March.

CBA’s analysis conducted for The Sunday Telegraph shows that of the $242 billion in retail sales last year, $94.3 billion or 38.9 per cent, is taken by one of the corporate giants (Coles or Woolworths) who command $46.7bn and $47.5bn respectively.

Just can’t resist another dig at the Carbon tax battle: bureaucracy v business which is an interesting debate although it should be noted that a politician will always place his/her very own job security way  ahead of endorsing a tax that threatens the length of their careers . The Carbon tax will destroy the Gillard government as the people sit in poll position and the Government is on the way to the panel beaters. Liar, liar – hair on fire!

Thousands to be stuck in NBN ‘limbo’ which is another amazing example of incompetence as thousands of Australians (many in regional areas think of the Independents) can now expect years of worse, not better, internet services as the NBN rolls out across Australia. Well it is currently stalled and facing huge cost blow–outs NBN Co housing forecasts deemed unrealistic.  Oh dear, here we go again!

To give a better understanding of the Rudd/Gillard management style of running Australia, former Finance Minister Lindsay Tanner will release his book next week titled “SIDESHOW” Ex-minister unloads on Rudd govt.

Lindsay Tanner – on the 2010 Campaign – “The worst in living memory. Banal slogans, robotic delivery, and trivial policy announcement deployed by both major parties.”

Lindsay Tanner – on Federal politics –  “Modern politics now resembles a Hollywood blockbuster: all special effects and no plot.

Last week we covered Mosman house sales and total value sold – 2000 to 2010. This week –

MOSMAN AVERAGE HOUSE PRICES FROM 2000 TO 2010

.

Source: Domain Property Data

  • 2000 – Up to $5,000,000 $1,329,677. Above $5,000,000 $5,637,500
  • 2001 – Up to $5,000,000 $1,548,882. Above $5,000,000 $6,561,428
  • 2002 – Up to $5,000,000 $1,862,836. Above $5,000,000 $6,587,500
  • 2003 – Up to $5,000,000 $2,010,859. Above $5,000,000 $6,316,000
  • 2004 – Up to $5,000,000 $1,854,568. Above $5,000,000 $6,941,722
  • 2005 – Up to $5,000,000 $2,017,809. Above $5,000,000 $8,741,333
  • 2006 – Up to $5,000,000 $2,110,469. Above $5,000,000 $7,115,228
  • 2007 – Up to $5,000,000 $2,291,431. Above $5,000,000 $7,845,348
  • 2008 – Up to $5,000,000 $2,267,210. Above $5,000,000 $7,170,000
  • 2009 – Up to $5,000,000 $2,276,172. Above $5,000,000 $7,226,136
  • 2010 – Up to $5,000,000 $2,355,472. Above $5,000,000 $7,212,826

Now that is a pretty consistent score card in both market demographics, especially when we take into consideration, the global financial crisis (2008 – 2010). Interesting statistics to bear in mind when the 2011 Budget is explained, given that the global financial crisis was in the northern hemisphere!

Next week, we will release the Mosman March quarter house sales for 2010, as compared to 2011.

Anyone prepared to make a prediction?

Cheers ^__^

This week’s sales 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

7 Responses to “Poll position still counts for something!”

  • Hotly Spiced says:

    Andrew Bolt stated this week that the proposed carbon tax would do nothing to cool down the climate:

    ‘even the purest form of the tax will at the very best cut the world’s temperature by just 0.00005 degrees. Essentially zero. All pain, no gain.’

  • Robbie Mac says:

    I’ll go out on a limb – last March quarter was a strong one, whereas this year’s equivalent seems to reflect a drop in sentiment, so I’m tipping flat to a slight decrease.

  • Ann says:

    I wished they asked Tanner if he was the leaker. Its Rudd or him.

  • Gordon says:

    Great comment from “Hotly Spiced” about global rorting hysteria. Even the $180,000/year Lord High Priest of the Gaia/Gillard warmists conceded in one of his usually unguarded moments that it would take a thousand years for any outcome to be felt.

    But what we really need is Norman Lindsay to cover this glorious scam with an update of The Magic Pudding. Just think, Juliar’s carbon dioxide tax is going to raise billions over the years, but it seems that nobody will actually be out of pocket.

    We are told that the ALP voter demographic will be “over-compensated”, industry will receive concessions, the government will get a tax flow to balance it’s budget AND also have enough to send hundreds of millions to the UN for the usual UN purposes (no hints, but if it works we might see a lot less of Kevvie).

    So are those hundreds of millions going to come from some magic pudding? If anyone believes that, Robert, you might like to let them know you have a large bridge that you could sell them. . .

  • Still early in the counting although at this stage the March Quarter 2011 in terms of house numbers sold is 32 per cent down from the March Quarter 2010.

    Have plenty more number crunching to do!

  • Ann says:

    Its wealth redistribution.

  • I remember hearing a speaker about 25 years ago talk about the governments and their quest to squash all small business. Coles and Woolworths already taking 40% of the retail spend…..the small business ‘pie’ certainly has shrunk in the retail sector!

Leave a Reply

Your email address will not be published. Required fields are marked *