property

From the Minister for the Aged:

I need to let you people know that you have had it pretty good so far but you cannot expect things to continue as they are. You Baby Boomers are in fact an impending liability on the country. Having said that (and in a way, I wish I hadn't) you are probably mostly still in the workforce, but think what a drain you will be when you have finished your useful, paid, working life. I warn you that you will all need to pull in your belts, in the interest of Team Australia (pardon the expression but it is so very suitable in this context!)

Why doesn't the government cut land costs? High costs of land, and the resources it carries - energy and water - are responsible for our failing economy. The greatest costs to small and medium-sized businesses are the rents they pay for their shops, warehouses, and factories. The greatest costs to workers are the rents they pay for personal accommodation. Small and medium-sized businesses pay both for their business premises and for their personal accommodation. Manufacturing in Australia is losing out to high rents and housing costs. Wages must go up to satisfy the malignant effect of land-speculation, which government continues to encourage against our common welfare. But, why don't they just cut the land-costs? Stop pushing up property prices by reducing immigration and you won't have to put wages up. Business will become competitive on the world market again, because most of its profits won't go on rent of premises. Let's get rid of the property developers. Let's outlaw land speculation. [Title changed from "Cut land-costs, not wages. Down with property developers, Up with workers!" on 9 Oct 2011.]

For those who follow the stock exchange, building materials share values are the key to the boom and bust cycle of Australian (and similar systems) property, infrastructure and construction booms. When building materials values go down we know that overall market demand decline has settled in. It means that the developers and engineers have reduced their forward orders for bricks and mortar. At the same time the States have been told to reduce their own little-known immigrant-sponsorship programs.

UNSW is about to implement a program ironically called FATE whereby NSW farmers will be paid to allow kangaroo shooters to come on their land and shoot kangaroos. The last thing kangaroos need is less protection. Already they are copping it from every direction. With populations crashing across the country, this is the last thing they need. Professor Archer, take your FATE program and bury it!