Australias economy seems out of balance. The price of property is extremely high for no real reason because theres no shortage of land. The amount of empty shops and for property for sale signs are indicators of a stalled economy, the shops that are open are pretty much empty. The only shops Ive seen that are busy are the big retail shops. Thats aside ofcourse from the high volume tourist shops. To pay $12 for a coffee and $18 for a salad is unrealistic given the cheap ingredients. My guess is that rent and wages make up 80% of business costs. Wage is high to pay high personal rent and mortgages. Basically things are too expensive here and its because of property prices. Immigrants flock to Australia and do work locals dont want to or cant. More and more labour prices will drop. Ironing services for example will come down because immigrants will offer these service for cheaper. This will effectively drive more Aussies put of work - they are property owners. I think big Changes are coming to Australia, I need to build an organisation here to assist. iocmi can help.
Posted on: Fri, 15 Aug 2014 03:01:24 +0000
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