THE Northern Rivers has been named 9th worst economic region in Australia with 22% of the population on benefits.
http://www.northernstar.com.au/news/northern-rivers-9th-worst-economic-region-nsw/2672320/
The Australian Local Government Association research found the average Northern Rivers household had $609,000 in wealth and assets in 2015 - up from $550,000 in 2012.
The average Australian household's wealth was estimated at $713,000, with Sydney's Eastern Beaches figure reaching the highest amount at $1.73 million. Employed residents in the Northern Rivers earned on average $38.40 per hour and worked 32.1 hours a week. But the unemployment rate has reached 7.6%, compared to 6.5% in 2013 and 6.9% in 2010. The number of Northern Rivers residents receiving benefits is also on the rise, reaching 22.1% in 2015 - up from 20.9% in 2013 and 19.6% in 2010. The research found the average mortgage burden for homes in the region is 37.2% of the dwelling's value, with homes worth an average of $383,000.
Unemployment, low incomes and lack of a future has led to an Ice epidemic in the Northern Rivers
http://www.northernstar.com.au/news/casino-ice-addict-warns-destroys-life/2646522/
And a record increase in domestic violence across the area:
http://www.northernstar.com.au/news/surge-in-domestic-violence/2610684/
What the NR needs is a new industry that can provide jobs and an economic future for its young people. But wait a minute the NR DID have an emerging industry that did just that. Metgasco poured $120 million into the local economy and had a track record of hiring and training locals and placing work with local businesses.
What a shame to see so much potential for a real future for the region p****ssed away over a misinformation campaign driven by green politics and fueled by fear and ignorance.
- Forums
- ASX - By Stock
- Northern Rivers Basket Case
THE Northern Rivers has been named 9th worst economic region in...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEL (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.987M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 103000 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 5019540 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 103000 | 0.005 |
11 | 13612716 | 0.004 |
7 | 15092019 | 0.003 |
5 | 16775010 | 0.002 |
3 | 46300000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 5019540 | 12 |
0.007 | 845333 | 4 |
0.008 | 1035051 | 2 |
0.009 | 80000 | 1 |
0.010 | 1000000 | 1 |
Last trade - 16.12pm 05/07/2024 (20 minute delay) ? |
Featured News
MEL (ASX) Chart |
Day chart unavailable