This is real news. Its not a distraction, woke, Pro Pal movement crap. This stuff means that people who borrow money to buy an apartment are paying interest on 10% of the value of the loan to prop up a lawless union. Think about that and ask yourself if voting for Albo and his crooked mates is a sensible idea. People who vote for Labor are driving up the cost of living. You are adding to inflation and higher rates for longer. They wont work one minute longer to earn the money. It costs 40% more to build a house than it did pre Covid. Add to this the insane cost of Labors power policies and you have the trifecta of bad outcomes.The CFMEU’s new NSW wages deal and rising building costs will add 10 per cent to the cost of new apartments, more than double the rate of inflation, threatening the state’s targets to build affordable homes.
Quantity surveyor Rider Levett Bucknall found the construction union’s latest deal, which delivers a record 7 per cent pay rise this year, would lift labour costs on projects by up to 19 per cent in its first year alone.
