The Australian reports that Newspoll has a tied result on two-party preferred, unchanged on three weeks ago. The primary votes are Labor 32% (steady), Coalition 38% (down one), Greens 12% (steady) and One Nation 7% (up one). Anthony Albanese is down two on approval to 41% and up three on disapproval to 54%, his equal worst net result as Prime Minister, while Peter Dutton is down one to 39% and up two to 52%. Albanese’s lead as preferred prime minister shifts from 46-39 to 45-37. The poll also finds “only a quarter” connsider inflation would be lower under the Coalition, with 18% believing it would be higher and 41% opting for neither. The poll was conducted Monday to Friday from a sample of 1263.
BW… are you ok?
I mean invoking Maos approach to property owners is a bit much even for you, and calling people Goebbels for linking Kos Samaras is… interesting
Its time for labor luvvies to get into the real world.
I live in Perth its a different world already.
Fed labor gov has invested massively in WA via infrastructure to protect its seats. WA has the lowest unemployment in Australia 3.7 %, property price increases leading nation, large population growth and highest retail sales despite the following.This is now.
Lithium price-down toilet
Nickel price-down toilet
Rare earth prices-down toilet
Iron ore off a third-Prices still ok
Gold -booming.
Two speed economy.
Once again West Australia and Queensland are export economies recent interest rates cuts around the world will feed into these economies creating inflation whilst Vic/Nsw stagnate.
Interest rate cuts will not happen if resource prices kick as they will with demand via overseas interest rates reductions.
Australia is out of sync due to labor gov bringing in too many people.In coming months WA inflation and Qld will increase as workers are running out in WA already before resources kick from overseas int rate cuts.
History is repeating rate cuts for Australia means WA will drive inflation up for the rest of Australia. Inflation is too high already.
The reserve bank Visits WA they know the above.
Whoops. False.
The Comoros has the highest company tax in the world. 50%. How is that going for the Comoros? Well, there are hints: per capita GDP is around $700 per annum.
The sad thing about all the Australian capital that the Greens are going to chase away is that none of it will be going to the Comoros. They need investment. But why pay 50% company tax, after all?
Australia, under the Greens will only have the second highest company tax in the world. Comrades, the Revolution is just around the corner.
How is North Korea these days?
You must miss the CPA.
Thanks Victoria for your post, can’t find your weekend post
Land tax is calculated on a logarithmic scale
so $2m of property is $15,150
$3m is $31,000
Land tax in Victoria is taking the shine off negative gearing
CoreLogic said Adelaide’s median house value beat Melbourne’s last month for the first time since CoreLogic reports began 40 years ago. The Adelaide median is now $790,800, compared to Melbourne’s $776,044.
CoreLogic’s Head of Research Eliza Owen says the monthly gains were led by Perth, with a two per cent increase, followed by Adelaide with a 1.4 per cent rise and Brisbane with 1.1 per cent.
Monthly growth in Sydney was milder at 0.3 per cent and home values fell slightly in Canberra, Melbourne, Darwin and Hobart. “Housing values cannot keep rising at the same pace in the mid-sized capitals of Perth, Adelaide and Brisbane when affordability is becoming increasingly stretched,” Owen said on Monday. “Particularly in the context of elevated interest rates, loosening labour market conditions and cost of living pressures.”
https://www.indaily.com.au/news/2024/09/02/adelaide-house-prices-overtake-melbourne
Where did you get that from?
Latest ABS Data I can find has WA as the fastest growing at 3.3% pa in 2023.
https://www.abs.gov.au/statistics/people/population/national-state-and-territory-population/latest-release
In Thuringia
Not the current parliament but the nobles greet the Thuringian Landgrave and Landgravine at Eisenach Castle in Act 2 of Tannhäuser. One of my favourites but not given justice by this excerpt from The Met.
https://youtu.be/ECjxiJ8uUZU?si=5K4_iK2QPe-H3IcV
The problem for Labor. They used to be tax and spend. As recently as under Wran. All those attacks because Labor dared to spend money on public services at the time.
Small target left plenty of room for the Greens to use. They would have been mugs to ignore the rainbow hitting them on the butt.
Just as the Community Independents have taken up the gift of being in the centre as the LNP moved right.
Labor may be looking at a majority but it’s clear shared power parliaments are going to be more common. Too many voters have seen the advantages of being a swing voter. No Safe Seat as a slogan worked for good reason.
Uncomfortable for politicians in government. Good for democracy.
SMH
“The Australian Financial Review reported The Star’s executives worked all weekend to try to relax its debt obligations to give it some breathing room to shore up its financials.
The Star risks being put up for sale if it cannot find a way forward or raise capital.”
I guess there is always Jamie Packer looking for a bargain?
https://theshovel.com.au/2024/09/02/new-census-question-to-ask-whether-you-are-indecisive-or-not/
Values.
Principles.
Risks/ threats.
Promises, progress/ advance Australia, fair.
Salient issues.
Competencies.
Services.
Measure what matters, …
It’s the Advance Australia political movement agenda – flood the zone…
WA is a boom/bust economy and fortunately, for a long time, it has been essentially “boom” or – thanks very much we are doing nicely. However, true to say, in some areas of Perth, real estate prices are a bit on the silly side. Place such as Subiaco, near CBD, is seeing right now, properties going on the market and sold almost immediately at premium prices. Now, whether these prices are being bid up by interlopers from the likes of Victoria or NSW or locals I don’t know.
However, to balance this, a house that friends of mine bought in the Carrum area of Melbourne for $60,000 was sold not so long ago for $1.4 million – this is like 30 kms from the CBD.
Read just recently that people in Melbourne should expect the city’s population to grow to 8 million in the next decade…..so I guess suburban sprawl from Geelong, round the Bay, down to Portsea, north to Ballarat and east to Warragul.
The housing “crisis”, long in gestation, looks to have a long way to go yet.
This Newspoll indicates that respondents aren’t happy with the main party leadership.
Political impotency from Albanese
Divisive negativity and extremism from Dutton.
Inflation kicking everywhere already in WA. todays west aus.
Cost-of-living crisis: WA’s insurance prices soar to highest increases in nation
Sean Smith
The West Australian
Mon, 2 September 2024 2:00AM
The soaring price of insurance has emerged as the hidden scourge of the cost-of-living crisis, with insurers accused of gouging customers with rolling above-inflation premium increases.
Customers renewing home and contents and motor insurance policies for the next 12 months are again facing double-digit premium increases, despite evidence that coverage is already out of reach of many hard-pressed
As Albo meekly sleepwalks the ALP into opposition I predict the following retirement announcements,
Penny Wong
Andrew Charlton
Andrew Leigh
Clare O’Neil
Jim Chalmers.
Tony Burke to become opposition leader.
Just sayin
Socrates @ #5 Sunday, September 1st, 2024 – 9:57 pm
Be careful what you wish for. A reduction in interest rates is unlikely, and even if it did happen it would not necessarily be good news. The RBA still wants to bring interest rates down to between 2 and 3%. But given the inflationary effects of climate change – which like the temperature rises themselves, are now “baked in” – this is only going to happen if we have an effective recession.
Star shares suspended by the ASX.
Alex Joiner @IFM_Economist
The inflation gauge was negative in the month (August) on key measures, sending headline and trimmed mean measures back into the target band the question will be how the official measures follow, rebates impact clearly important. The RBA will have to believe inflation stays in the band once rebates are removed (if they indeed are): https://x.com/IFM_Economist/status/1830412263335104927
The Melbourne Institute Australian monthly trimmed mean inflation gauge was flat in August, the weakest outcome in 10 months. The annual growth rate eased to a 32-month low of 2.2% in August from 2.6% in July: https://x.com/CommSec/status/1830416035251732917
Hh
Thanks. Excellent news for people under COL pressure.
[‘Unions rallied nationwide on Tuesday in response to union-busting legislation that federal Labor, with bipartisan approval, has just passed in regard to the CFMEU, which threaten the working conditions and rights of all union members in the long run if it takes a federal government’s fancy.
These demonstrations swept through major urban centres nationwide. And an ABC announcer corrected herself in describing the disruptions, as she should’ve termed them as “unprotected industrial actions”, meaning workers could be penalised for protesting as it could’ve affected profits.
The basic crux of the matter is Nine conducted a series of investigatory reports into criminality within powerful CFMEU ranks, and as significant crimes or criminals were found to be associated, the federal government has since passed laws allowing it to overtake that union’s administration.
The issue is that instead of having dealt with the individual criminality in the way it might deal with corruption within a major airline, the Albanese government has determined the entire workers’ organisation administration could potentially be corrupt and, therefore, it warrants a takeover.
And these days, both major parties now rely on the appeasement of corporations and their profits over any concerns for the rights of workers.
So, the fact that new laws have just been passed to facilitate this going forward is a windfall for corporates and a threat to future workers’ rights.
A pretext to get stuck in
Building Bad, a series of Nine newspaper articles exposing criminality within the Construction, Forestry and Maritime Employees Union (CFMEU), commenced on 12 July with an article on CFMEU Tasmania-Victoria branch secretary John Setka resigning amid multiple corruption allegations.
And ongoing reports included suggestions of bikies and criminals in powerful positions acting on both federal and state funded worksites. And the articles highlight current bikie figures linked to one of the nation’s most powerful unions, as well as a history of noted bikies having had past affiliations.
But in a 20 August statement, the CFMEU Construction Division condemned the Building Bad series of reports, which included a story on 60 minutes, as being a “stitch up”, which merely presented a set of allegations to the public in a manner that suggested otherwise.
“Corruption was rife in the two big supermarkets, our national airline and big banks, with allegations proven true, however no administrators were brought in,” the CFMEU Construction Division made certain in its press release.
“Yet in a matter of days, with no credible evidence other than sensationalised media headlines, none of which have been afforded due process – a basic right in any democracy – this government is prepared to destroy a union and sack member-elected officials,” the statement underscores.’]
https://www.sydneycriminallawyers.com.au/blog/federal-labor-passes-union-busting-laws-instead-of-dealing-with-individual-criminals/?utm_source=newsletter&utm_medium=email&utm_campaign=week-36
Guilt by association?
‘Mavis says:
Monday, September 2, 2024 at 12:53 pm
[‘Unions rallied nationwide on Tuesday…’
—————–
If that was last Tuesday and not tomorrow, out of 1.8 million unionists, bugger all turned up to the protests.
Mundo:
Monday, September 2, 2024 at 12:14 pm
You appear to be going through your blue period again. Last night’s
Newspoll, although not the best, provides no real succour to the Tories. As long as Labor’s 2PP has a three in front of it and the Tories similarly, Dutton’s nefarious ambitions will not bear fruit.
Thats not the point BW, the point is that this action goes against due process, and the justification could be used for an array of other behaviours from private entities that have all been ignored.
Its dumb, and it highlights once again that Labor stopped being the party of the blue collar worker a long time ago…
Pied piper
The federal Lib/nats need to do alot more better than what they are doing
Boerwar:
Monday, September 2, 2024 at 12:58 pm
[‘If that was last Tuesday and not tomorrow, out of 1.8 million unionists, bugger all turned up to the protests.’]
I’m not sure that’s the point. The author of the article I posted has well-founded concerns about the denial of natural justice to the union leadership & by extension, the CFMEU membership.
The CFMEU has not be shut down. It has been placed in Administration and will continue to do what a Union is meant to do – operate legally within the industrial relations system to represent its members.
‘Scott 1 says:
Monday, September 2, 2024 at 11:33 am
The problem for Labor. They used to be tax and spend. As recently as under Wran. All those attacks because Labor dared to spend money on public services at the time.
Small target left plenty of room for the Greens to use. They would have been mugs to ignore the rainbow hitting them on the butt.
Just as the Community Independents have taken up the gift of being in the centre as the LNP moved right.
Labor may be looking at a majority but it’s clear shared power parliaments are going to be more common. Too many voters have seen the advantages of being a swing voter. No Safe Seat as a slogan worked for good reason.
Uncomfortable for politicians in government. Good for democracy.’
————————————
Irony and self-awareness not apparently a strong point.
Greens politicians are not really politicians? Bullshit. Nothing like a Greens when it comes to Greensplaining the politics of bullshit.
IMO, the long term problem for Labor is that Australians on average are becoming more and more wealthy.
Two thirds own their own homes. Another 10-20% whose parents own those homes can confidently expect a windfall wealth hit when those two thirds die.
Twenty million Super accounts. Compulsory Super. Labor did itself no favours there.
17 million direct owners of shares. Wealth abounds.
Two thirds of primary students go to private schools.
The clear trend over the past three decades is that the Party that best represents the wealthier two thirds of Australians – those with a poker in the fire, is going to run Australia. That is not Labor. That is not the Greens.
Moral suasion might shift a few wealthy people into the Labor column. But if they vote their pockets they will vote for the Coalition.
The Coalition wants low taxes, no social services, small government and a private sector unleashed.
OTOH, the Party which has wealthy Greens politicians who pretend to be concerned about the wealth situation of the 10-15% of Australia’s poorest voters will ALWAYS be at the margins.
Particularly if they also decide that they support the destruction of the oil, gas, coal, uranium, rice, cotton, almond, olive, cattle, sheep, flight and defence industries. The latter currently employ around half a million workers. Greens supporters are strangely reluctant to mention the half million job loss figure. (Bandt did offer a solution. He opined that the best job for a coal miner was another mining job. When did the Greens last support a new mine? If ever?)
Just to ram home how much they ARE at the margins, the Greens are going after the 66% of Australians who own their own homes, they are going after home owner’s children’s inheritences, they are going after everyone Super account and they are going after the 17 million Australians who own shares. All by way of interventions in the housing market and the imposition of a 40% company tax.
Not satisfied with that the Greens want to leave Australia utterly defenceless.
Permanently at the margins. Permanently huffing and puffing. Permanent moralistic posturing. Pathetic, really.
Collectively, they are Dutton’s useful idiots.
‘Mavis says:
Monday, September 2, 2024 at 1:10 pm
Boerwar:
Monday, September 2, 2024 at 12:58 pm
[‘If that was last Tuesday and not tomorrow, out of 1.8 million unionists, bugger all turned up to the protests.’]
I’m not sure that’s the point. …’
—————–
There is more than one point. That article seriously misrepresented one such. What was spectacularly obvious was that the union movement as a whole wanted nothing to do with the stench of the CFMEU and was pleased to see decisive action on it.
What on Earth is The Age doing running a mad right wing opinion piece about Kamala Harris with a headline that doesn’t make clear it is a mere feelpinion piece by a Trumper from the Torygraph?
https://www.theage.com.au/business/markets/gold-is-soaring-on-fears-kamala-harris-is-about-to-unleash-an-economic-catastrophe-20240828-p5k663.html
CPI July 2023 to July2024:
3.6% – CPI Seasonally adjusted
3.8% – CPI Annual Trimmed mean
3.7% – CPI excluding volatile items** and holiday travel
3.8% – Food and non-alcoholic beverages
6.9% – Rents
5.3% – Health
4.0% – Automotive fuel
6.4% – Insurance and financial services
Cost of living relief – bullshit 100%
https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/monthly-consumer-price-index-indicator/latest-release
Arky
I won’t be reading the article. The last time I discussed my holdings with my investment advisor I had reason to remind him that the single most profitable sector of my holdings for the investment period under discussion had been physical gold and gold shares.
That earned me a wry smile.
Gold is running strongly cos post-Covid inflation, cos Russian invasion of Ukraine, cos Middle East War, cos supply disruptions related to both, cos China’s Great Wall of Economic lies, cos rising tariff barriers, cos Houthi attacks on shipping, cos climate change hits, cos political uncertainty, cos crazy populist politics a La Greens and a La Crazy Right here and elsewhere, and cos rising debt levels.
POTUS Harris would be charge of a $34 (?) trillion debt which possibly cannot be paid back at all, and which Harris shows zero real intention of even restraining.
Regardless of Trump or Harris there is a huge flock of global and US national chickens coming home to roost.
As for any Australian MSM rag, a pox on the lot of them.
I swear newspaper editors live on another planet in a different universe. I’ve been seeing so many unhinged opinion pieces, often from editors in the last few months. Quite a laugh if it wasn’t so sad about the state of journalism in this country.
I feel like if debt ever mattered, it would have made a difference somewhere before 34 trillion dollars. At this point, who even cares? It seems obvious at this point that America will find or print whatever money it needs.
Yeah it’s the signal from the senior editor that they don’t really give a shit other than providing a quota of diversity of opinion.
The problem with the “Cost of Living” is that it impacts in different ways on different sectors of the economy. I suspect FIFO guys and gals can still afford their $70,000 plus vehicles, their investment properties and their trips to Bali. Young couples on a mortgage not so easy.
Many of the older lot are doing it tough but many are reaping the benefits of increasingly valued property. Also, those on superannuation and those living of the earnings of shares and interest are certainly doing better than before Covid.
Last week petrol was down to around $1.50 per litre – cheapest its been for ages. Unemployment is low (largely now “frictional) and the share market is at its highest level for a long time. Sooner or later, this return will be in superannuation packages.
As our old friend Malcolm Frazer used to say, “Life is not meant to be easy”, but I suggest the talk by some about “cost of living” melds into hysterics.
We all suffer by the way….
Recent call out to attend to dicky washing machine was $160 for the call out, $60 for the 15 minutes attending to the machine (no parts required) plus GST.
The joke is the cost of a new machine – about $400 in Aldi the other day – three year guaranteed – was just $120 more that our repair cost…..
The “old” machine just had its third birthday…….Who can figure it?
Bean, one of the most damaging phrases in politics has to be the following; “the budget is like the household budget”
And the reason why those opinion pieces sound as unhinged as they do as that, for all intents and purposes, these people do live in a different world; there is a reason the shows called Insiders.
Boerwar:
Monday, September 2, 2024 at 1:22 pm
I don’t come to this site to engage in tit for tat argument. Suffice it to say that from my perspective, the CFMEU was denied procedural fairness – a core principle of a Western Liberal democracy. And I’m
surprised that you appear to have relegated said precept to one that ‘…the union movement as a whole wanted nothing to do with the stench of the CFMEU and was pleased to see decisive action on it.’
Where’s your evidence for this uncharacteristically extravagant
claim? For my part, I’ll leave it there.
Been said before, but if we are making organisations criminal by association, when is an administrator going to be put in charge of the Catholic church?
Who would be an appropriate administrator?
On the topic of guilt by association, there is currently no evidence that anyone in the leadership of the ACT Branch of the CFMEU were aware of these criminal actions; they have been stood down.
It is a fact that several members of the Labor party, including the PM himself, were aware of these accusations back in 2022, and chose to not alert the proper authorities; they are facing no penalties.
Do you see the slight problem with the above?
https://kevinbonham.blogspot.com/2024/09/poll-roundup-505-is-new-51.html
Poll Roundup: 50.5 Is The New 51
A summary of the state of 2PP polling where I find less variation between results than I might think was natural.
Arky : “What on Earth is The Age doing running a mad right wing opinion piece about Kamala Harris with a headline that doesn’t make clear it is a mere feelpinion piece by a Trumper from the Torygraph?”
——————————————————————————-
Bad editorial judgement. The article is totally out of whack with other articles that appear in The Age in relation to US politics, and also with the attitudes of most Age readers.
And it’s total bollocks. There is nothing in Trump’s policy platform or anything that he says that suggests that he is going to reduce US federal expenditure. His proposal to detain and deport all non-residents would cost an absolute bomb. His proposed tariff policy would break the US economy. He is also promising massive tax cuts for the rich and he has repeatedly promised not to cut spending on social welfare payments.
So how on earth is the deficit going to get better under him? Perhaps he will try to slash US defence expenditure by some absurd amount, but he’d have Buckley’s in getting that through Congress and the Senate: many local economies, particularly in some of the smaller and rural states, are basically sustained by defence spending and, not matter how MAGA some of the Republican representatives might be, they aren’t going to behave like turkeys voting for Thanksgiving.
There was a time when it was fair to say that the Democrats were a tax and spend party and the Republicans were more interested in balancing the books. But, over the past few decades, the Republican Congress and Senate only block expenditure as a means of creating chaos for Democrat presidents. The Republicans are now a joke of a political party and it’s a tragedy that so many American people are still prepared to vote for them.
KB, great article.
By your own words, how much of a monster outsider will the Morgan be?
‘Mavis says:
Monday, September 2, 2024 at 1:47 pm
Boerwar:
Monday, September 2, 2024 at 1:22 pm
I don’t come to this site to engage in tit for tat argument. …’
———————-
Excellent. Neither did I. You had a point to make. In so doing you quoted an article that completely misrepresented the general attitude of the union movement to the CFMEU.
In relation to procedural fairness… I suggest you hold a bilateral discussion with Setka and the various Mongols sitting in key decision-making choke points on that one. They would be right up your alley.
Oakeshott Country says:
Monday, September 2, 2024 at 1:48 pm
Been said before, but if we are making organisations criminal by association, when is an administrator going to be put in charge of the Catholic church?
Who would be an appropriate administrator?’
——————————-
John Setka? The Mongol’s finest? There must be someone capable of running an honest organization somewhere.
BW, mavis quoted an article from lawyers about the law.
You, are not a lawyer, and yet you claim that the article is misrepresenting whats occurring with the CFMEU.
Me thinks ill trust the lawyers on this…
On AUKUS, UK historian Max Hastings writes a highly critical article in The Times:
https://www.thetimes.com/comment/columnists/article/aukus-pact-not-blank-cheque-us-defence-spending-ntbfwwnvl
Some quotes:
“Yet a strong body of sceptics, some of them naval officers, are unhappy about the submarine commitment. The costs are stupendous — an estimated £175 billion over 30 years — and sure to rise. British designs for the boats, on which construction must start by the end of this decade, are immature. Moreover, both industry and the Royal Navy struggle against serious shortages of nuclear expertise — as do Australia and even the US.”
And:
“Yet a British defence insider with whom I discussed this said: “I don’t think our UK submarine sector is remotely capable of delivering what the Australians want on time, on cost or to standard.”
And on the idea of tying closely to US defense policy:
“In the present volatile state of the world, and of US governance, it seems rash for either Australia or Britain to say or sign anything that promises blank-cheque support in an American shootout with China.”
AUKUS is an un-deliverable project, in support of a flawed and one-sided policy.
Jim Chalmers retiring Mundo. Really ? There is a hint for you in Chalmers announcing no pre election spendathon and going after the Reserve Bank for mucking up the economy in recent days without running those pressers past Albanese first. He is biding his time to go for the PM after the 2025 election. Albo will lose a few seats because he cant buy an election (bloody Jimmy) but hold minority Govt. Gentleman Jim will flash his Listerine smile to have the key role in negotiating with the Greens/Teals to form and run a minority Government . A year or so in the post election media spotlight to build his street cred then Jimmy will be in prime position [pun intended] to manage or challenge Albo into retirement and take the top gig. Then he can pork barrel an early election in 2027 and toss the responsible spending mantra out the window in the 6 week election period. Na, the listerine man isn’t retiring any time soon. Yes this is tongue in cheek idle speculation,but at one level it actually is plausible. Politics is the fools game.
Agreed Lorbain, the household budget thing drives me mad to no end.
I also love the AUKUS talk, I suspect Albanese wanted to swallow the poison pill early and hoped it would go away, but as we are nearing the next election, I still see it come up every day.