Good to see 50,000 jobs created in WA so far this year, out of a total of 80,000 for the nation. WA unemployment rate has now droped to 3.8%. No wonder house prices here are rising, sales booming and we have a rental crisis.
Get with the times Mike....house prices in Perth (including yours) are falling
Not being a very disciplined record keeper, I'm having a little trouble unearthing the information to demonstrate what occurred for decades in Australia before being abandoned in favour of the neo-liberal approach. Here's a little here....
Quote:
The White Paper Full Employment in Australia was the defining document of economic policy in Australia for the 30 years between 1945 and 1975. For the first time, the Australian government accepted an obligation to guarantee full employment and to intervene as necessary to implement that guarantee. The preparation of the paper was ordered by The Australian Labor Party Prime Minister John Curtin and his Employment Minister John Dedman and undertaken by a group of economists headed by H.C. Coombs.
So as discussed earlier, government made the abolition of unemployment an important policy goal.
Quote:
The contrasting experiences of the Great Depression and the Second World War convinced the Labor Party that governments could and must intervene to ensure the achievement of full employment. The introduction to the White Paper summed this up: Despite the need for more houses, food, equipment and every other type of product, before the war not all those available for work were able to find employment or to feel a sense of security in their future. On the average during the twenty years between 1919 and 1939 more than one-tenth of the men and women desiring work were unemployed. In the worst period of the depression well over 25 per cent were left in unproductive idleness. By contrast, during the war no financial or other obstacles have been allowed to prevent the need for extra production being satisfied to the limit of our resources.
Curtin realised that government could succeed at fixing the problem of unemployment if it so desired and that the idle labour that is a natural by-product of capitalist economies could be rectified through deliberate policy initiatives.
Quote:
Following the end of the postwar economic boom in the 1970s, the ideas of the White Paper were gradually displaced by alternative policies in which commitment to full employment was abandoned.
I will try to turn up the actual employment figures spanning that period of time - you will see a striking difference between the years that full employment was government policy and the swift rise in unemployment when the policy was abandoned as governments struggled with the effects of a global oil shock. That unemployment and under-employment have never again been so low clearly highlights an inherint defect in market economies - but as I've said before, not everyone thinks this is a bad thing.
This extract from a 2004-2005 Australian government budget paper clearly demonstrates what I have been saying...
I don't agree with all the conclusions discussed in the paper, I am merely highlighting a piece of historical fact that has been forgotten - or never known - by most people.
Get with the times Mike....house prices in Perth (including yours) are falling
No they're not - house prices in Perth are currently RISING, according to all data providers including the latest ABS housing price index (ABS: Perth house price index +1.1% for Q1 2012 - http://www.abs.gov.au/ausstats/abs@.nsf/mf/6416.0). Please stop spreading mis-information to further your bearish cause!
Get with the times Mike....house prices in Perth (including yours) are falling
No they're not - house prices in Perth are currently RISING, according to all data providers including the latest ABS housing price index (ABS: Perth house price index +1.1% for Q1 2012 - http://www.abs.gov.au/ausstats/abs@.nsf/mf/6416.0). Please stop spreading mis-information to further your bearish cause!
No matter how many fingers or toes you have crossed syd, house prices are falling, especially yours in "New Beirut"
What's New Beirut? Is that your term for the whole of Sydney or just a part of it? Either way it's apt.
stinkbug omosessuale Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments. Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck! See here Property will be 50-70% off by 2016.
Right here it shows them [Perth house prices] falling knob jockey.
No matter how many fingers or toes you have crossed syd, house prices are falling, especially yours in "New Beirut"
Oh so you watch and believe RP-Data now do you? You like them more than the ABS if you think it suits your bearish outlook?
Anyway, that graph looks like it shows Perth prices UP for quarter as well, certainly not falling as you claimed. In fact it seem to show Perth having bottomed around Nov last year? Hoisted on your own pertard again!
Right here it shows them [Perth house prices] falling knob jockey.
No matter how many fingers or toes you have crossed syd, house prices are falling, especially yours in "New Beirut"
Oh so you watch and believe RP-Data now do you? You like them more than the ABS if you think it suits your bearish outlook?
Anyway, that graph looks like it shows Perth prices UP for quarter as well, certainly not falling as you claimed. In fact it seem to show Perth having bottomed around Nov last year? Hoisted on your own pertard again!
Syd....everyone has the right to be clueless, but you're just abusing the priviledge!
Perth house prices down MORE than a full percentage point over the last five weeks. That's MORE than 10% annualised, Forrest
Syd....everyone has the right to be clueless, but you're just abusing the priviledge!
Perth house prices down MORE than a full percentage point over the last five weeks. That's MORE than 10% annualised, Forrest
RP-Data Perth daily dwelling price index, from the very chart you posted - 551.13 as of 13th May 2012. Same index, 534.29 on 15th Nov 2011. That's a 3.15% increase in the last 6 months you moron! You have been claiming prices have been falling through that entire period, and for Perth at least, you have been dead wrong.
The really funny thing here is YOU of all people trying to use RP-Data to justify your bullshit statements! As soon as you realise that even their data actually says the opposite to what you think, I am sure you will tell us how dodgy their data is once again - especially their daily data!
PS: According to your chart, prices in Perth rose 0.03% between today and yesterday - that's prices RISING at an 11% annualised rate!
Syd....everyone has the right to be clueless, but you're just abusing the priviledge!
Perth house prices down MORE than a full percentage point over the last five weeks. That's MORE than 10% annualised, Forrest
RP-Data Perth daily dwelling price index, from the very chart you posted - 551.13 as of 13th May 2012. Same index, 534.29 on 15th Nov 2011. That's a 3.15% increase in the last 6 months you moron! You have been claiming prices have been falling through that entire period, and for Perth at least, you have been dead wrong.
The really funny thing here is YOU of all people trying to use RP-Data to justify your bullshit statements! As soon as you realise that even their data actually says the opposite to what you think, I am sure you will tell us how dodgy their data is once again - especially their daily data!
PS: According to your chart, prices in Perth rose 0.03% between today and yesterday - that's prices RISING at an 11% annualised rate!
Dear oh dear oh dear Syd.... you got a few misfiring synapes or something? Look at the recent data love.... clearly shows that prices have fallen in the last five weeks.
And yes... I'll cherry pick my data the same way the stringturd and swallow do. If you've got a problem with that, take it up with them first, deary
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy