- 23 October 2015
Are We Stuck In A Giant Monopoly Game?
Who is really running this country? Is it our elected Federal Members of Parliament or is it the RBA? Or is it APRA? Or is it our banking monopoly?
An expanding economy needs people with money in their pockets for spending. In the USA, consumer spending accounts for over 70% of their wealth creation each year. As a result, their unemployment level is back down to 1973 levels. While their unemployment has been falling, our unemployment has risen 50% since the 2009 ill-fated RBA rate hikes, which sucked money out of our pockets and deposited into bank profits. In the US the reverse happened. They had quantitative easing, lowering rates and putting more cash back into consumer’s wallets.
This dark contrast is obvious to all it seems except our elected politicians, APRA and RBA...
Related Posts
New Queensland Rental Regulations: What Property Investors Need to Know
The Queensland rental market is set for a significant shake-up, and as a property investor, it’s crucial to stay ahead of the curve. The state's new minimum housing standards, which began taking effect in September 2023, are more than just a regulatory update—they represent a shift in the expectations tenants will...
Who’s Responsible for Mould in Your Rental Property: Tenant or Landlord?
Mould, it’s the unwelcome guest no one wants in their home. It’s unsightly, potentially hazardous to your health, and dealing with it can be a real headache. But when mould creeps into a rental property, the big question arises: Who’s responsible for cleaning it up, the tenant or the landlord? The answer isn’t...
Unlocking Your Mortgage Potential: Finding the Best Fit Between Offset Accounts and Redraw Facilities
When managing your mortgage as an Australian property investor, understanding the benefits of offset accounts and redraw facilities can greatly enhance your financial efficiency. Both tools offer strategic ways to reduce the interest you pay and accelerate your mortgage repayment, but they function differently and...