Straya free falls down global livability index

Tell us something we don’t know. Via the Futurebrand Country Index at News:

“Historically countries always measured by GDP but we live in a complex world where there a range of issues from healthcare to education, gun rights to the environment, so to measure a country by alone GDP is too narrow.”

The top five nations in the FutureBrand Country Index. Australia is at number 15, down seven places.

“What comes out in this year’s study is the importance of quality of life and safety and stability which is essential if a country is to be seen as a great place to visit, live or invest,” Mr Curtis said.

“All the successful countries performed well in the perception of quality of life; but unfortunately Australia falls short with its higher cost of living.”

This metric was Australia’s big stumbling block that sent it tumbling down the ladder from eight in 2014.

Since the previous index, Australia has also seen a drop in perceptions of its healthcare and education standards, desirability as a place to live or study, environmental friendliness and safety and security. The term groups many of this together as “values”.

“Our values may be coming home to roost,” said Mr Curtis. “When you add all of these things, it does dilute Australia’s global perceptions. The challenge for Australia is how to take off the handbrake of the (declining) quality of life so we can be more effective as a country.”
Australia and the UK saw declines on a range of quality for life perception scores while Slovakia and Finland rose on the list. Picture: FutureBrand

Welcome to your mass immigration economic model dividend: crush-loading everything is site, driving up house prices and killing wages.

David Llewellyn-Smith
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      • They will not rue the day, they will never acept they had any responsibility in this mess. They will just blame the incumbent gubmint and demand to be paid out somehow.

      • Nah Harry will just move to occupied palestine like his war criminal mate frank lowy did so he could be amongst his own people.

    • rob barrattMEMBER

      And of course us city dwellers will all be working from home. Fantastic. After all, if it takes 2 hours sitting in your car to get to the end of the mews you live in there’s little point in setting out to work. Ah, what a future our workers-to-be will have…

  1. High street vacancies are skyrocketing in Sydney. I’ve heard same about Melb and Perth too – not sure if locals can shed some light.

    Article in SMH about five retailers in King St, Newtown shutting up shop this month – and that retail on the strip is dying.

    On the ground in Potts Point, Darlinghurst, Kings Cross, Mosman, Neutral Bay and even city – vacancies are way up and even restaurant loadings are very light. Handful of people on a weeknight. Then you’ve got Darling St and Oxford St which have been struggling the past decade. These are affluent suburbs and people seem to have nothing to spend. All the harbourside mansions and apartments are probably vacant foreign investments or on Airbnb.

    Massive recession warning.

    • Should add that even during the GFC, vacancies were not this bad. There was a DA in for a new Sushi Restaurant on Darlinghurst Road, on the condition that the building owners alter the front facade to be bifold doors for outdoor dining over a regular door and glass window. City of Sydney Council rejected the DA because a regular door “looks better”. Very supportive of business they are. Really helping in these troubled times. This was on a shopfront that has been vacant for a year now. They should advertise the lease “must want current door”.

      • SnappedUpSavvyMEMBER

        Dyllip, the shop fitting, sheet metal fab, steel distribution etc industries are at a complete stand still, I was told by my sales guy in Brisbane 6 shop fitters in 6 weeks went to the wall over may-june, I am getting phone calls from people I only ever see at trade shows asking if things are also slow, the retail and restaurant economy is totally rooted

        and I add that this is with vibrant labour

      • Interesting. Luxury retail fitouts seem to be steady and even growing in Sydney CBD – new fitouts for Tiffany and Hermes winding up – apparently Louis Vuitton, Dolce and Gabbana and Chanel want new store fitouts too. So high end retail seems to have some confidence? Which is suprising. High wealth doing well – mid and lower market stalling.

      • SnappedUpSavvyMEMBER

        That’s a minute segment, it’s all based on Chinese tourists and dagoes.

        Minack wrote how straya was toast if the consumer shuts their wallet and it’s coming fast

      • re: ”Dyllip
        June 26, 2019 at 1:28 pm
        Interesting. Luxury retail fitouts seem to be steady and even growing in Sydney CBD – new fitouts for Tiffany and Hermes winding up – apparently Louis Vuitton, Dolce and Gabbana and Chanel want new store fitouts too. So high end retail seems to have some confidence? Which is suprising. High wealth doing well – mid and lower market stalling.”

        Which tells us that we are achieving the structure of a 3rd world economy, a few mega rich and a multitude of peasants. Has been the desired outcome of the LNP in particular for the last 2.5 decades. Destroy the worker with lower wages and increasing debt, mega immigration to paper over the GDP growth crack, I suspect they never saw past the first part of the story.

    • Work in perth but walking around the city plenty of shops over the years would open up and close after a year but it seems like more shops are staying vacant rather than going through the churn of unsuccessfuls, for the last year or so i would say. not sure if this is useful or not but that’s just my own personal perception from walking around.

      • That seems to be the trend. Kings Cross/Darlinghurst has always had a high turnover of try-and-fail ventures – but now it looks like people have stopped trying.

    • There are a fair few empty retail units at my local Westfield shopping centre which was recently refurbished. Few, if any, independents can survive long term. They come and go pretty quickly, but the rot is spreading up to the middle sized chain stores — virtually permanent 50% off sales. We’ve been saying it forever on this blog but commercial real estate rates are way above where they should be. A very solid recession should change all that but for now landlords are digging in.

      I was chatting to a guy who is a foodie and he was saying that Brisbane cannot sustain a high end restaurant – they come and go pretty quickly too. Astronomical rents and high staff costs don’t lend themselves to businesses that only have 2 or 3 good nights a week.

      • Way too many landlords have made way too much in windfall gains over the past decade, thanks to the property price rocket. Prices would have to drop A LOT, or land taxes would have to add another zero on them, for them not to consider it worth their while to hold firm on pricing.

        The problem with Sydney pricing, as opposed to say London pricing, is that it happened overnight, creating property zillionaires by the hundreds of thousands. This means that the top end of town is quite cashed up, and can weather anything but a very substantial downturn which I fear the government will do everything to avoid.

      • Yep, landlords have just about sucked everyone dry that they can. Restaurants and shops closing all over the place in Perth.

      • Brisbane looks a bigger city then it actually looks, if you look at the skyline. But all of the tallest building are apartments – dogboxes far into the sky. I can see why people would set up a high-end restaurant thinking it’s a booming city based on the deceptive skyline.

        Don’t let the tall buildings fool you; Brisbane is still, well, Brisbane.

      • “”virtually permanent 50% off sales””

        From what I have seen, the retail sector in Australia falls into three categories.
        1) Cheap, nasty, Chinese made junk that will not last. e.g. The stuff you find in Kmart.
        2) Overpriced Chinese made decent to semi-decent stuff that is simply not worth spending full price on and is worth simply waiting until it is on sale.
        3) High end, “Designer” type stuff (European), expensive and aspirational that only those from the upper-middle class upwards and cashed up Chinese tourists will buy.

      • These outfits tend to blame wages without ever mentioning rents however wages are very flexible in restaurants and retail however rents are not flexible but are rarely mentioned.

    • There is simply too many food and retail outlets to support – and we have too many because we hand out business visas like confetti.

      • darklydrawlMEMBER

        That and massage shop fronts. I cannot believe how many of these I see. Some of them likely offer a ‘happier’ service, but even so…..

  2. Can’t help but notice said erosion happened under a certain government/party’s watch.

    The health part is particularly appalling, because things like these tax cuts are specifically designed to wedge future governments into cutting things like health spending.

    The Liberals are succeeding into turning this country into America….just without the freedom, rights or economic complexity.

      • Unfortunately ….. This.
        Except of course for the traditionally upper Middle Class suburbs where the moneyed upper Middle Class (and their Elite neighbours) feel quite safe and comfortable behind their high fences, security systems etc. despite what is going on out in the vibrant culturally enriched poorer suburbs.

    • It has to be said that the rot set in over a decade ago (did anyone say Howard government?), under Rudd the Dudd we avoided the worst of the 2008 GFC but now our chickens are starting to come home to roost.

      • And now we are in a crappier position then GFC times because we have more people to look after.

      • darklydrawlMEMBER

        And people expect the Government to pick up the tab when ever they do anything dumb and/or look like losing money. Seems to be the Aussie way these days. Only a monster recession to flush out the sewers is likely to help. I weep for this country.

      • I just hope that the crapola hits the fan under the watch of the LNP and that their voters from small to medium sized businesses get well and truly shafted in the downturn.

  3. Driving GDP use to be for the sake of iimproving quality of life, but now, this focus is killing standards of living.

  4. Jumping jack flash

    When the focus shifts from providing good service for the satisfaction that providing good service gives, to trying to gain as much debt as possible by whatever means necessary, this is the result.

    Debt destroys community.

    We have transformed our economy into a giant get-rich-quick scheme: First, you take on a giant, economy-crushing amount of debt and hand it all over to someone else for them to get instantly rich from.
    Then you patiently wait for your turn for someone to hand you a giant wad of debt to get instantly rich from.
    Everything in-between is just filler. Mostly you repay that gargantuan wad of debt until such time when someone hands you your gigantic wad.

    And unfortunately the personalities that thrive in that kind of environment aren’t the ones that make for a good society.