Whom thinks Jim Chalmers is the worst Federal Treasurer of all time?

Please understand there is virtually NO CROSSOVER between the large construction companies who build public projects and the smaller companies that build single houses and small unit developments. Lack of TRADESMEN is exactly the problem in Australia right now (and has been building for 25 years). Just as well the Vietnamese/Chinese tradesmen are making 'inroads', otherwise you'd be hard put to find anyone to do that work.
Can I ask - have you actually tried to build / get repairs done in the last 12 months? Maybe since Mel is the only place with falling prices it might be different, but here on the Coast it is almost impossible.

 

YOU have NFI , my core lending for several years has been to small to medium developers in Melbourne. I'd suggest I'm far more in tune with Melbourne values than you.

A simple Google will tell you Melbourne house prices have been rising .. Medium-sized homes rose 1% to May, while medium-sized units rose 2.1%.

When lending, apart from the concerns of sales and LVR/security, my questions are about tradespeople's availability. As always you crap on about Chinese tradespeople coming to the rescue, once again NFI ...Various trades have been taken up by a whole group of "Nations" Afgahans are doing much of the tiling now, Indians doing much of the cement work and others, other trades.

There is NOT a lack of tradespeople in Australia -As Carl pointed out to you, why would you work on a building site when you can earn 50% on a Govt project? The question should BE..the quality of the work ...NOT the lack of tradies..


Are you dumb ? Or just get a kick out of arguing?

PS....I only came on here as your stupid comments were mentioned on the WhatsApp group many of us now frequent, and well done, as I've said before, you are the reason so many of us don't come on here any more ! How was Northern Italy this year LOL..

 

He's right up there with another Jim.
Jim Cairns.
Lets hope with the amount of money that the labor party has got us into debt in almost every state and federally, that they don't pull another stunt like the Loans Affair.

 

Mr Xi is ready to sign us up for Belt & Road. Albo thinks its a great idea.

 

The figure is 60% in France, which is a country with overwhelming govt interference in every aspect of life and business, resulting in 20% youth unemployment and 1% economic growth. Because people are voting for their income, it's now impossible for a non-socialist party to be elected.

 

E.G.
One of my younger relatives, 2nd year out of his time, licensed sparky, now on 250k per year in the mines, do you think he will come and do your lights in your extension?
AirCon /electrician 65 - 70 an hour just to try and employ them iffffffffff they turn up
Con-creatures 800 -1000/day and their sole capital investment is a slurry splattered level and a pair of footy shorts.
These moronic labor voters have yet to realise what is coming. Companies are closing up or going broke at an alarming rate, building costs have tripled or quadrupled in the last 5/6 years and the large part of it gov charges and red tape.
As more and more of the baby boomers and last of them move into retirement, that working taxable target disappears and the incompetent spending accelerates, these Socialist will have to dream up more ways to delve deeper into everybody's pockets.
And it will be morally disgusting how they will sell it and look straight into the camera convince the average dopy Australian that it wont affect them.
Bomber harris said it years ago, "You have sown the wind now you will reap the whirlwind"

 

The problem is there are too many loopholes - lots of people arranging finances so they qualify for pension - top of the list of most 'financial planners' is upgrading to a more expensive home to reduce assessable assets (particularly rife here on Sunshine Coast where one or two oldies move into massive waterfront mansions to lock up cash).
Simple solution for the house exemption is simply have a 'deduction' equal to the mean value of property in the area. So somewhere like here where minimum house price is $1m then someone in a $1.2m place has a $200k impost. As a side benefit, this might help to bring house prices back to something reasonable.

NOBODY pays the top rate of 47% on their total salary: even at $250,000 the tax averages out at 35.3% . Not to mention the benefits Australian tax gives you: childcare, essential medical care, etc etc

If you make $250,000 a year living in Australia, you will be taxed $88,167. That means that your net pay will be $161,833 per year, or $13,486 per month. Your average tax rate is 35.3% and your marginal tax rate is 47.0%.

 

The answer to your first question is 1) aging population and this will escalate from here as the majority of the Boomers are still to come... 2) dysfunctional families and young adults. People WANT to be diagnosed as autistic these days so they can claim a benefit; yet people who are deaf/blind (through no fault of their own) make do on a pittance (and in my experience at Braille House, don't whinge any where near as much as others)! It is now a dog-eat-dog world. Everybody feels 'entitled' to get something and the false narrative of how much they REALLY pay in to the tax system feeds this.

re Tax, the mean income is around $120, so even a family with 1.5x (ie one partner working full time,, the other half time) is making $180k - still below when the 47% cuts in. Then take away all the benefits they get (child care, medical etc).
The pollies, judges etc is a different kettle of fish... and perhaps we could start with them and reduce the fat.

 

Carl, come up and test your theory here - I can tell you it won't work because NO head contractors are looking for work, they are all desperately trying to get jobs they contracted up to 2 years ago finished before they get their asses sued! Margins are over 20%, builders won't even look at a contract which includes a liquidated damages clause. As you said, things are tough down there, here the boom is still in full swing. We are now beyond $10,000/m2 for architectural builds here. And this is before the Olympic stupidity starts up...

 

Mate this mess lies fairly and squarely with your hero Howard - the ridiculous 'aspiration' crap around the turn of the century pushed the 'every kiddie can go to university, become a professional, buy an investment property and get rich' crap which is what led to our current mess. We are seeing the "whirlwind' now that has been 25 years in the making.
Tradies were treated like dummies for years - now they get their revenge!

 

Karen, we can thank Whitlam for pushing kids away from trades and off to the traditional socialist hotspots of university. I was one of those kiddies at school then and the push was university over trades

 

With all due respect that is NOT correct - the Whitlam change was to make university free for those who QUALIFIED academically (it was extremely competitive in schools such as Architecture) - no 'pay ya money and get a fuzzy degree' as Howard brought in.

 

You're missing the point that trades were on the nose from the 70's to the 2000's. Nobody noticed as there were still a lot of old guys around. Those old guys are gone now and we are paying the price for pushing young men to university - which started with Whitlam - trades were already done and dusted when Howard came to power.

 

That is just not true - the university number did NOT jump in the 70s because you had to QUALIFY for entry. The change came when Howard turned unis into 'business' and anyone willing to pay (or take on a hecs debt) got a place...

 

Oh, are we saying people who picked trades were INCAPABLE of Qualifying for University?? How elitist of you..

 

Save your breath John. I have twice pointed out that it was a Labor Education Minister, John Dawkins, who "turned unis into business" yet she persists with attributing this to Howard.

 

In my opinion, these days (apart from the very few real degrees) Uni is for idiots.

The fact that hard working people in real jobs have to subsidise the morons who don’t know who they are or what they want to do - so they tread water at uni for a few years - is a national disgrace.