Thats why Australians are buying new cars in record numbers  :D

http://au.finance.yahoo.com/news/aussies-buy-record-number-cars-041343740.html

adelcrow wrote on Jan 4^th, 2013 at 6:32pm:

Thats why Australians are buying new cars in record numbers  :D

Lets see why.

High Aussie dollar.

Low interest on new cars, 2.9%.

No deposit and interest free for five years.

Free rego and third party.

Free fuel for a year.

First year free service.

Yep that could be why.

KJT1981 wrote on Jan 4^th, 2013 at 7:07pm:

adelcrow wrote on Jan 4th, 2013 at 6:32pm: Thats why Australians are buying new cars in record numbers  :D Lets see why. High Aussie dollar. Low interest on new cars, 2.9%. No deposit and interest free for five years. Free rego and third party. Free fuel for a year. First year free service. Yep that could be why.

Wow..way better deals than under any Liberal govt..see what happens Howards record household debt levels disappear and people have their own savings to spend on new cars

KJT1981 wrote on Jan 4^th, 2013 at 7:07pm:

adelcrow wrote on Jan 4th, 2013 at 6:32pm: Thats why Australians are buying new cars in record numbers  :D Lets see why. High Aussie dollar. Low interest on new cars, 2.9%. No deposit and interest free for five years. Free rego and third party. Free fuel for a year. First year free service. Yep that could be why.

still doesn't account for predictions that the economy is stuffed ... even with all those 'positive' points, peole wouldn't buy if they didn't have the money or were concerned with making repayments.

John Smith wrote on Jan 4^th, 2013 at 7:35pm:

KJT1981 wrote on Jan 4th, 2013 at 7:07pm: adelcrow wrote on Jan 4th, 2013 at 6:32pm: Thats why Australians are buying new cars in record numbers  :D Lets see why. High Aussie dollar. Low interest on new cars, 2.9%. No deposit and interest free for five years. Free rego and third party. Free fuel for a year. First year free service. Yep that could be why. still doesn't account for predictions that the economy is stuffed ... even with all those 'positive' points, peole wouldn't buy if they didn't have the money or were concerned with making repayments.

Do the math Johhn.

Borrow $30,000 for a car, interest at 10 or 12 percent fixed over five years is a minimum of $15,000. Throw in no deposit free rego and third party and that is a huge saving.

adelcrow wrote on Jan 4^th, 2013 at 7:31pm:

KJT1981 wrote on Jan 4th, 2013 at 7:07pm: adelcrow wrote on Jan 4th, 2013 at 6:32pm: Thats why Australians are buying new cars in record numbers  :D Lets see why. High Aussie dollar. Low interest on new cars, 2.9%. No deposit and interest free for five years. Free rego and third party. Free fuel for a year. First year free service. Yep that could be why. Wow..way better deals than under any Liberal govt..see what happens Howards record household debt levels disappear and people have their own savings to spend on new cars

https://www.moneysmart.gov.au/borrowing-and-credit/credit-cards/credit-card-debt-clock

KJT1981 wrote on Jan 4^th, 2013 at 7:07pm:

adelcrow wrote on Jan 4th, 2013 at 6:32pm: Thats why Australians are buying new cars in record numbers  :D Lets see why. High Aussie dollar. Low interest on new cars, 2.9%. No deposit and interest free for five years. Free rego and third party. Free fuel for a year. First year free service. Yep that could be why.

Nah, surely not?

According to the industry spokesman -
FCAI chief executive Tony Weber says the result was an all-time high for the new car market.

"Australia avoided much of the global financial crisis aftermath and with production resuming in Thailand and Japan, the automotive industry was able to respond to the enthusiasm of the car buying public," Mr Weber told reporters in Sydney.

"The record 2012 is a combination of these factors."

He rejected suggestions the figure was a "false number" inflated by incentives and bonuses at dealerships.

"The number that we have here is a very valid number," he said.

Surely, he wouldn't tell porkies?

That said, when we got our new car in August, the dealerships sure did tick a lot of boxes!

KJT1981 wrote on Jan 4^th, 2013 at 8:18pm:

John Smith wrote on Jan 4th, 2013 at 7:35pm: KJT1981 wrote on Jan 4th, 2013 at 7:07pm: adelcrow wrote on Jan 4th, 2013 at 6:32pm: Thats why Australians are buying new cars in record numbers  :D Lets see why. High Aussie dollar. Low interest on new cars, 2.9%. No deposit and interest free for five years. Free rego and third party. Free fuel for a year. First year free service. Yep that could be why. still doesn't account for predictions that the economy is stuffed ... even with all those 'positive' points, peole wouldn't buy if they didn't have the money or were concerned with making repayments. Do the math Johhn. Borrow $30,000 for a car, interest at 10 or 12 percent fixed over five years is a minimum of $15,000. Throw in no deposit free rego and third party and that is a huge saving.

you do the maths .... you still need $30 000 .... I certainly wouldn't indebt myself of $30 g if I was concerned I would be unable to pay it back ....

Three decades of right wingers victimizing the poor... :P

If you think the economy is in good shape adel then you are either ignorant or lying to yourself.

It's not. People are doing it tough out there and some of you should have a bit of respect for that.

Andrei.Hicks wrote on Jan 5^th, 2013 at 3:04am:

If you think the economy is in good shape adel then you are either ignorant or lying to yourself. It's not. People are doing it tough out there and some of you should have a bit of respect for that.

Aww you mean the ppl earning 180k didnt get as much money from the govt for the 2nd child?

SOB

Andrei.Hicks wrote on Jan 5^th, 2013 at 3:04am:

If you think the economy is in good shape adel then you are either ignorant or lying to yourself. It's not. People are doing it tough out there and some of you should have a bit of respect for that.

By any measure Australia is still going gang busters...the economy may not be over heating as it was in Howards last term in power but in the long run sustainable growth is way better than run away house prices, record household debt and a govt propping up surpluses by record taxation and slashing public heath, education and infrastructure spending...All of which created a massive burden on households, local councils and state govts.

why are car companies going broke then??????..

if we are buying foreign cars.. who economy are we helping??????


but it makes sense to some!

cods wrote on Jan 5^th, 2013 at 6:34am:

why are car companies going broke then??????.. if we are buying foreign cars.. who economy are we helping?????? but it makes sense to some!

There are no Australian owned car companies..we are either propping up the USA, Asian or European economies when it comes to buying cars.

adelcrow wrote on Jan 5^th, 2013 at 6:33am:

Andrei.Hicks wrote on Jan 5th, 2013 at 3:04am: If you think the economy is in good shape adel then you are either ignorant or lying to yourself. It's not. People are doing it tough out there and some of you should have a bit of respect for that. By any measure Australia is still going gang busters...the economy may not be over heating as it was in Howards last term in power but in the long run sustainable growth is way better than run away house prices, record household debt and a govt propping up surpluses by record taxation and slashing public heath, education and infrastructure spending...All of which created a massive burden on households, local councils and state govts.

A managing director of a construction company in Melbourne tells me a very different story.
He said several guys are going to the wall every week, the mining boom masks a serious issue across Australian industry and many projects are being funded now by cheap supply from China.

I think you'll find the economic reality out there behind your headlines is quite worrying.

Andrei.Hicks wrote on Jan 5^th, 2013 at 6:38am:

adelcrow wrote on Jan 5th, 2013 at 6:33am: Andrei.Hicks wrote on Jan 5th, 2013 at 3:04am: If you think the economy is in good shape adel then you are either ignorant or lying to yourself. It's not. People are doing it tough out there and some of you should have a bit of respect for that. By any measure Australia is still going gang busters...the economy may not be over heating as it was in Howards last term in power but in the long run sustainable growth is way better than run away house prices, record household debt and a govt propping up surpluses by record taxation and slashing public heath, education and infrastructure spending...All of which created a massive burden on households, local councils and state govts. A managing director of a construction company in Melbourne tells me a very different story. He said several guys are going to the wall every week, the mining boom masks a serious issue across Australian industry and many projects are being funded now by cheap supply from China. I think you'll find the economic reality out there behind your headlines is quite worrying.

Come to Adelaide..We're renovating our property down on the south coast and getting work done is still a long and expensive process..It seems to me that tradies are still very busy and companies that make kitchens and pretty much every product we need made are as snowed under as they have ever been.
As for our businesses we are also busier than we have ever been and are still having issues finding enough skilled employees to fill positions.
You may find that because Liberal State govts are slashing spending on projects that there is a lull in the construction industry so you can imagine how badly an industry like that will be effected if Abbott ever gets into power.

Adelaide???

Thanks but I'd sooner go to Azerbaijan.

adelcrow wrote on Jan 5^th, 2013 at 6:36am:

cods wrote on Jan 5th, 2013 at 6:34am: why are car companies going broke then??????.. if we are buying foreign cars.. who economy are we helping?????? but it makes sense to some! There are no Australian owned car companies..we are either propping up the USA, Asian or European economies when it comes to buying cars.

SO WHY IS THIS STUPID GOVT GIVING THEM TRILLIONS  TO REMAIN HERE???????????

Andrei.Hicks wrote on Jan 5^th, 2013 at 6:38am:

adelcrow wrote on Jan 5th, 2013 at 6:33am: Andrei.Hicks wrote on Jan 5th, 2013 at 3:04am: If you think the economy is in good shape adel then you are either ignorant or lying to yourself. It's not. People are doing it tough out there and some of you should have a bit of respect for that. By any measure Australia is still going gang busters...the economy may not be over heating as it was in Howards last term in power but in the long run sustainable growth is way better than run away house prices, record household debt and a govt propping up surpluses by record taxation and slashing public heath, education and infrastructure spending...All of which created a massive burden on households, local councils and state govts. A managing director of a construction company in Melbourne tells me a very different story. He said several guys are going to the wall every week, the mining boom masks a serious issue across Australian industry and many projects are being funded now by cheap supply from China. I think you'll find the economic reality out there behind your headlines is quite worrying.

Building industry crumbling, with companies going broke each day!; AV Jennings faces $32m loss
Topic Started: 23 Jul 2012, 10:27 AM (5,351 Views)
four20       23 Jul 2012, 10:27 AM Post #1



06/05/2012
     Industry gradually crumbling

AUSTRALIA'S building industry is in survival mode, with official statistics revealing that at least two companies a day are going to the wall as labour costs continue to rise, profit margins flatline and banks play hardball on funding.

The latest statistics on liquidations and voluntary administrations show that since January 1 more than 363 companies in the building industry, excluding mining, have collapsed, more than 200 of them from New South Wales and 95 from Victoria.

What is even more alarming is the trend seems to be getting worse, with 30 building companies failing in March, 33 in April, 51 in May, 63 in June and a whopping 40 collapsing in the first 10 days of July.

Profit margins have shrunk to between zero and 2 per cent.

It isn't a pretty picture and supports the general economic statistics, which show that as a proportion of nominal gross domestic product (GDP) building activity in Australia is close to a 35-year low. Outside mining, Australia is in the midst of a downturn in residential, commercial and public sector infrastructure activity.

A survey by Evans & Partners in May and June of private companies, consultants, service providers and customers in the construction sector to identify emerging issues, revealed a bleak outlook for the sector, ex-mining.

Read more: http://www.smh.com.au/business/industry-gradually-crumbling-20120722-22i8v.html#ixzz21OuMARpL

Credit Card Debt

$49,391,535,890.....and rising

http://www.australiandebtclock.com.au/

Andrei.Hicks wrote on Jan 5^th, 2013 at 6:49am:

Adelaide??? Thanks but I'd sooner go to Azerbaijan.

:P
You do realise that construction companies are still bringing in overseas workers to fill what they say is a shortage of workers

You do know that the larger companies are working on smaller projects for squeezed margins because the large projects have dried up, this is forcing middle and smaller outfits to the wall?

Stick the head in the sand if you like, Australia's mining boom masks a weak econmy

There are issues with businesses under cutting each other when applying for contracts to such an extent that the profits are marginal and it doesn't take much to go wrong for the contract to cost the business money.
Managers should look at their business models before blaming others for their poor decisions.

But the Australian construction industry is very weak.
Of that nobody is in doubt.

You avoided the recession because China bought minerals.
Fact.
That's just bare ass luck.

Kuwait and Saudi avoided it too. Can't think why.

Andrei.Hicks wrote on Jan 5^th, 2013 at 7:09am:

You do know that the larger companies are working on smaller projects for squeezed margins because the large projects have dried up, this is forcing middle and smaller outfits to the wall? Stick the head in the sand if you like, Australia's mining boom masks a weak econmy

We still have a shortage of skilled workers in this country because of Howards cuts to training, research and development and infrastructure.
That is why almost every industry has to bring in skilled workers and professionals from overseas...so maybe one of the problems isn't the lack of jobs but the lack of appropriate qualifications.

Andrei.Hicks wrote on Jan 5^th, 2013 at 7:14am:

But the Australian construction industry is very weak. Of that nobody is in doubt. You avoided the recession because China bought minerals. Fact. That's just bare ass luck. Kuwait and Saudi avoided it too. Can't think why.

I agree

adelcrow wrote on Jan 5^th, 2013 at 7:17am:

Andrei.Hicks wrote on Jan 5th, 2013 at 7:09am: You do know that the larger companies are working on smaller projects for squeezed margins because the large projects have dried up, this is forcing middle and smaller outfits to the wall? Stick the head in the sand if you like, Australia's mining boom masks a weak econmy We still have a shortage of skilled workers in this country because of Howards cuts to training, research and development and infrastructure. That is why almost every industry has to bring in skilled workers and professionals from overseas...so maybe one of the problems isn't the lack of jobs but the lack of appropriate qualifications.

ok adel lets pretend you are right and Howard cut training for skills in this country... its been 5 long years since he was in... and it doesnt take 5 looooooong years to produce skilled labor..

so what happening in the skilled training dept????.. as Labor have had 5 loooooooooooog year to rectify anything Howard did or that you claim he did.... and dont forget they didnt have a HUGE DEBT to pay off either.

adelcrow wrote on Jan 5^th, 2013 at 7:19am:

Andrei.Hicks wrote on Jan 5th, 2013 at 7:14am: But the Australian construction industry is very weak. Of that nobody is in doubt. You avoided the recession because China bought minerals. Fact. That's just bare ass luck. Kuwait and Saudi avoided it too. Can't think why. I agree

so is it possible that the mining industry has all the SKILLED labor that you claim we dont have anymore??????????

cods wrote on Jan 5^th, 2013 at 7:22am:

adelcrow wrote on Jan 5th, 2013 at 7:17am: Andrei.Hicks wrote on Jan 5th, 2013 at 7:09am: You do know that the larger companies are working on smaller projects for squeezed margins because the large projects have dried up, this is forcing middle and smaller outfits to the wall? Stick the head in the sand if you like, Australia's mining boom masks a weak econmy We still have a shortage of skilled workers in this country because of Howards cuts to training, research and development and infrastructure. That is why almost every industry has to bring in skilled workers and professionals from overseas...so maybe one of the problems isn't the lack of jobs but the lack of appropriate qualifications. ok adel lets pretend you are right and Howard cut training for skills in this country... its been 5 long years since he was in... and it doesnt take 5 looooooong years to produce skilled labor.. so what happening in the skilled training dept????.. as Labor have had 5 loooooooooooog year to rectify anything Howard did or that you claim he did.... and dont forget they didnt have a HUGE DEBT to pay off either.

It will take the best part of a generation to fill the hole left by Howards cuts.
Specialised professionals take a lot longer than 5 yrs to train and gain the experience needed..even decent tradies need years of experience and on going training to fill specialised positions.
Howards slash and burn and investing in middle class welfare instead of education and training did us no favours in the long run.

adelcrow wrote on Jan 5^th, 2013 at 7:17am:

Andrei.Hicks wrote on Jan 5th, 2013 at 7:09am: You do know that the larger companies are working on smaller projects for squeezed margins because the large projects have dried up, this is forcing middle and smaller outfits to the wall? Stick the head in the sand if you like, Australia's mining boom masks a weak econmy We still have a shortage of skilled workers in this country because of Howards cuts to training, research and development and infrastructure. That is why almost every industry has to bring in skilled workers and professionals from overseas...so maybe one of the problems isn't the lack of jobs but the lack of appropriate qualifications.

In my experience when I was working in Pharma when Howard was PM we got millions of dollars from the Government on R&D programmes.

In my recent experience it is the current Government that have cut R&D grants for companies our size?

cods wrote on Jan 5^th, 2013 at 6:57am:

adelcrow wrote on Jan 5th, 2013 at 6:36am: cods wrote on Jan 5th, 2013 at 6:34am: why are car companies going broke then??????.. if we are buying foreign cars.. who economy are we helping?????? but it makes sense to some! There are no Australian owned car companies..we are either propping up the USA, Asian or European economies when it comes to buying cars. SO WHY IS THIS STUPID GOVT GIVING THEM TRILLIONS  TO REMAIN HERE???????????

the same reason Howard did .... jobs