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Ummm... meteoric increase in wages? And now a house is 10 times...

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greenhart

13,152 Posts.

39

19/07/18

10:55

Post #: 34443570
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Originally posted by boatboy ↑

Also to blame imo is the meteoric increase in wages...disproportionate increases. Driven by the trade unions.

Taking nothing away from a hard working tradie...but hourly rates of $110.00 for a plumber or electrician?

That along with new housing copping a 10% tax across the board on labour, and on to many materials that had no tax previously.

Even a half decent house in a country town will cost you upward of $450k.

All this is totally unsustainable...but the Banks here have no choice but to feed the Ponzi scheme and keep it going to keep the returns up to the shareholders.

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Ummm... meteoric increase in wages?
And now a house is 10 times annual salary, when it was 3 times?
Try again?
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