This paper by Gene Tunny of Adept Economics looks at the cost to the Queensland worker as well as the Queensland government of closing the coal and gas industries.
Australians are extremely united in imposing sanctions on Russia for its invasion of Ukraine, with 89% supporting, and only 6% opposing. There are also high levels of support for military aid with 75% supporting and 12% opposing.
Housing affordability continued to decline in the December quarter last year. This is mainly due to a strong increase in property prices in most cities, although it was only moderate in Australia's largest market, Sydney.
This is another sullen election, even though both sides exhibit high support for their respective candidates. 60% disagree (versus 30% who agree) that the federal government has done enough to be elected, while 40% disagree (versus 41% who agree) that Labor has done enough to be elected.
The latest Australian Institute for Progress Housing Affordability Index shows housing affordability improved slightly in the September Quarter, 2021. This was as a result of price falls in Melbourne, while they stayed almost stationary in Sydney.
Australia's two major cities, Sydney and Melbourne, are close to historical peaks of unaffordability, but Perth, Darwin and Brisbane are still reasonable to moderate.
Repayment affordability in cities like Brisbane, Perth and Darwin are in a band from slightly better than the average index level for the 90s to at most 12.5% worse.
If the first sign of madness is doing the same thing and expecting a different result, how are we to describe the state of mind that does the same failed policy twice as hard and expects an even better result?
The latest AIP Housing Affordability Index shows that while house prices have risen there is scope for them to rise much further before they become unaffordable, judged on an historical basis of what purchasers are prepared to pay.
We've renewed our call for first home buyers to be able to borrow from their superannuation account towards their deposit based on a new study: "Superannuation and Housing: growing the cake and eating it too".