Dear Steve,

Thank You for this discussion and the information
that you have supplied to us thus far.

According to the Australian's Business Review, July 22, 2015,
the Housing Industry Association has warned state and federal
leaders that increasing the GST on new housing could price
many Australians out of home ownership. The Housing Industry
body said new housing was already weighed down by tax.

HIA Chief Executive Graham Wolfe stated that:

"Increasing the burden on home buyers should be a no-go area
for governments if they are really concerned about housing
affordability."

Queenslanders in particular, along with WA would be mad to agree with any increase in GST. Most of what we pay in GST goes directly to our failed states, South Australia & Tasmania, with the grants distribution system. It is a major net transfer of our money to the southern failures.

It would not be surprising if the silly bunch we now have in office now, don't actually understand this, but I hope some in industry can get the message through to them.

Yes the GST is bad, but nothing to the costs imposed on us by years of Beattie & Bligh government. I have just paid a $1100 electricity bill for the last quarter. I dug out some old bills to compare. In 1994, with 6 people in the house, compared to 2 today, my bills were under $300 a quarter. Most of the increase occurred in that idiot Beattie's time, when he was ripping an extra quarter billion a year out of power generation to spend on bureaucrats.

In 1998 for example my off peak hot water system cost $14 to $16 a quarter for 6 residents. Now the same system, serving just 2 people costs $168 a quarter. Yes there has been general inflation, but one thousand two hundred percent is utterly ridiculous.

Wind power anyone? Cheap power! They've got to be kidding.

Steve101,
There have always been plenty of "indicators" for corrections,
crashes etc but the most reliable one I have seen is the spike in oil
prices that occured before every recession. The one exception was the
the Dot Com crash about 2000.
The 2008 crash was caused by the peak oil production that occured in 2005.
The prices rose from about 2007 & peaked in July 2008.
However because peak crude oil occured in 2005 I don't think the
spike in price will any longer be an indicator of a share crash or
recession. Pity that as it was a really accurate signal.

The future now is very uncertain and all the rules have been scrapped
and we are yet to see the shape of the future.