We are witnessing a hollowing out of our productive capacity more as a result of our booming housing industry that the mining boom. There are more tax advantages to punt up the price of housing than can be discussed in this forum - to which Rudd and co added in no small way with the beefed up first home buyers grant. Investment is a zero-sum game - either the investment dollar goes here or there. Tax benefits, grants, social security considerations etc force it into housing - leaving the field wide open for foreigners to snap up our underpriced businesses - be they industrial, mining or agricultural.
All the upward pressure on interest rates comes from the housing sector and - you guessed it - who pays?- the productive sector of our economy - another nail in their coffins.
Cash for housing has to be imported (at least 50% of it - and rising) - this forces up the exchange rate and once again who pays - the productive sector.
Absolutely shameful.
Puts the pillaging of Telstra into perspective - who really cares so long as house prices keep rising.
When it all comes crashing down - as it will - we'll be left with nothing but debt, surrounded by overseas owned farms and mines.
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$3.90 |
Change
0.010(0.26%) |
Mkt cap ! $45.06B |
Open | High | Low | Value | Volume |
$3.87 | $3.90 | $3.86 | $47.13M | 12.11M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 85316 | $3.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.90 | 383741 | 58 |
View Market Depth
No. | Vol. | Price($) |
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3 | 85316 | 3.890 |
13 | 217998 | 3.880 |
16 | 356757 | 3.870 |
17 | 248593 | 3.860 |
32 | 99867 | 3.850 |
Price($) | Vol. | No. |
---|---|---|
3.900 | 348787 | 51 |
3.910 | 467346 | 50 |
3.920 | 552308 | 46 |
3.930 | 158030 | 27 |
3.940 | 259751 | 28 |
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