We can look forward to one bone lazy prime minister being replaced with another. More smoke and mirrors ahead. If these guys were ever to be employed by a large multinational Co. like BHP, Rio Tinto, Woodside etc, they would be sacked prior to their probation period expiration due to incompetence and dishonesty imo. Multinational Co's have standards and this is what politics lacks. Politics unfortunately is more about self holding power than self competence.
Sounds like the US, UK, Canada, etc. I guess it could be worse if you live in NZ where the Prime Minister elected herself dictator during the pandemic. By the way what does "bone lazy" refer to? I've never that before. Must be an Aussie phrase.
Gummint throwing yet more fuel onto the fire again!!! Coalition targets first home-buyers by upping mortgage guarantee scheme By Mike Foley April 17, 2022 https://www.smh.com.au/politics/fed...ortgage-guarantee-scheme-20220417-p5ae0p.html The Coalition will raise the price caps for houses eligible under its controversial Home Guarantee Scheme to help home buyers get into the property market faster as the soaring cost of housing plays a key role in the federal election. Buyers with a deposit as low as five per cent can apply to the scheme, in which the government guarantees up to 15 per cent of the mortgage so buyers don’t need costly lenders’ mortgage insurance. Prime Minister Scott Morrison will raise the price caps on the Home Guarantee Scheme.Credit:James Brickwood Prime Minister Scott Morrison said on Sunday night the price caps on the popular scheme had been raised to $800,000 for Melbourne and regional Victoria and $900,000 in Sydney and regional NSW. “We’re building a stronger future for Australians by making home ownership easier by making more properties eligible for the scheme,” Morrison said. The number of places in the scheme was doubled to 50,000 a year in the federal budget in March at a cost of $8.6 million, prompting economists to warn it would drive up the cost of housing. Economists also cautioned buyers who could only save a five per cent deposit not to extend their finances ahead of rate rises forecast in the second half of this year......
Just seen this and had to reply : We see the same thing happening in the UK. Here they (politicians, even media luvvies etc) also evoke the 'bank of mum and dad' to overcome the young persons inability to afford a mortgage. Let's not forget 'help to buy' schemes pushed by various governments! Perhaps a better idea would be to pay people better wages to negate the need for incentive schemes and benefit plans. In short; building houses that people can afford to buy.
Prime minister getting desperate, can see the clustefuk created, can't and doesn't want to fix problem, so attempting to once again buy more votes from pissed off young people using taxpayers money prior to election. Pure pork barrel election bribery. Bribing young people is easier than taking money from the landlords. The only problem with this plan, house prices at peak, interest rates at minimum, young are gonna get stung again, when house prices fall after they bought and mortgages increase.
Australian property prices have increased by 60% in the last 20 years and are now at a record high. However, the Australian government has now stated that it wants to slow the boom in property prices. Sydney’s property prices have increased by $545 per square metre annually in the last five years. This has been compared to the increase of $300 per square metre which the city of Paris has had in the last ten years. The main reason behind this increase lies in the fact that immigration levels in Australia has been high in the last decade. Also, the high demand for property from locals and non-residents has pushed up prices. If the government can't curb this high demand through immigration, then all that it can do is to slow house price growth, and it seems to be moving in that direction.
Election time in Australia which is time not for politicians to do any work, but to sling porkies. PS: Note all the white shirts.... Morrison and Albanese run scare campaigns while accusing the other of fearmongering By Lisa Visentin April 19, 2022 https://www.smh.com.au/politics/fed...e-other-of-fearmongering-20220419-p5aeet.html Who’s afraid of a scare campaign? Not Scott Morrison and Anthony Albanese. In marginal seats on opposite sides of the country they ramped up their fearmongering about their rival, as they also accused each other of running scare campaigns. Both Scott Morrison and Anthony Albanese ramped up their fearmongering with scare campaigns.Credit:James Brickwood/Alex Ellinghausen On the east coast, in the must-hold Brisbane seat of Griffith, Labor used an electric vehicle charger factory as its backdrop to accuse the Morrison government of igniting a “bin fire of lies” on power prices and renewable energy. Across the Nullarbor, at a robotics factory in Perth, the prime minister laid into his opponent for peddling “despicable lies” to pensioners with baseless claims that their payments would be moved onto a cashless debit card. Finding his footing after a stumbling start to the campaign, Albanese pitched Labor as the party of a future powered by “clean and cheap energy”, while reminding voters that it was Morrison who in 2019 said Labor’s electric vehicles policy would “end the weekend”. “My opponent is running on fear and scare,” Albanese said, referring to reports in News Corp metro newspapers citing government modelling that alleged Labor’s energy plans would hike average power bills by $560 within a decade. The government’s modelling has not been released publicly. Labor leader Anthony Albanese on the campaign trail in Brisbane.Credit:Alex Ellinghausen Albanese shuffled his papers before the waiting press pack to dig out the line by Social Services Minster Anne Ruston, who he noted said in 2020 the government was “seeking to put all income management on to the universal platform, which is the cashless debit card”. The card, which has been trialled by the Department of Social Services in several regional locations, quarantines as much as 80 per cent of welfare recipients’ payments and cannot be used to purchase alcohol, to gamble, or to withdraw cash. Income management is a specific kind of program operated by the department. Ruston, again this week, categorically ruled out the existence of any plans to extend the scheme to pensioners, saying: “We never have and we never will have a plan to force age pensioners onto the cashless debit card.” Undeterred by this definitive denial, Chalmers noted Labor had promised to abolish the card entirely, whereas the government had not. Shadow Treasurer Jim Chalmers.Credit:Alex Ellinghausen “If people want to ask the prime minister if he is serious about this, he will abolish the card. But he won’t,” Chalmers said. In a barb almost Trumpian in vibe, Morrison labelled the would-be Treasurer “good old sneaky Jim”, as he fielded a question about electricity prices and pivoted to pensioners. “He’s the one who’s been telling the lies. It was Jim Chalmers yesterday who was out peddling this lie seeking to scare pensioners,” Morrison said. The Labor Party, he said, was “ringing up people, sending out brochures, writing to pensioners and scaring them, that there be some suggestion that our government would be applying the debit card to pensioners.” Council on the Ageing CEO Ian Yates said his organisation has previously contacted Albanese’s office to raise concerns about Labor’s claims after they first began circulating on social media last year. “It is a scare campaign,” Yates said. “The minister’s assurances in writing as well as verbally and the Prime Minister’s office’s assurance to me have been unequivocal – it’s not being considered and it won’t be.”