Links 26 November 2019

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Leith van Onselen
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  1. Mining BoganMEMBER

    Ruh Roh

    “But the monthly GST collection figures point to continued weakness. Across September and October, the government collected just under $10.5 billion in GST. It was almost $600 million down on the same period last year and roughly in line with 2017.

    That’s despite the country having 800,000 more residents today than in 2017. Over the same period an extra 650,000 people have a paying job.”

    https://www.smh.com.au/politics/federal/gst-pointing-to-problems-ahead-for-the-states-and-territories-20191125-p53dpd.html

    • He entered parliament solely to enrich himself and his family. A vile creature who should be shunned by all decent people.

    • It’s more a case of who’ll go down with him when this all unravelled. Bet they were p$$ed when they won the election, have to keep a lid on this for another three years.

    • @Rich #notme not remotely concerned about CC. Over rated shill fest promotes by vested interests. Fear mongering for current round of suckers not unlike WMD & Ban the B$$B circa 1983. Bono pushing complimentary narrative back then and still at it now. People pay thousands to hear the high priests preach under guise of cool. Bandwagon. The only bandwagon that concerns me is the plane loads of non students landing daily in Oz, enrolled in BS course then serving $1 coffees at 711 for $10 bucks an hour so they can take a loan from Westpac for a million dollar home in Melton:)))

  2. Think twice before buying that lithium ion battery-powered device:
    [Smartphones are particularly insidious for a few reasons. With a two-year average life cycle, they’re more or less disposable. The problem is that building a new smartphone–and specifically, mining the rare materials inside them–represents 85% to 95% of the device’s total CO2 emissions for two years. That means buying one new phone takes as much energy as recharging and operating a smartphone for an entire decade.]
    [despite the recycling programs run by Apple and others, “based on our research and other sources, currently less than 1% of smartphones are being recycled,” ]
    https://www.zerohedge.com/markets/darn-inconvenient-apple-destroying-planet-maximize-profits

  3. New Zealand’s worsening housing horror show: Are they asking why we are not paying North American prices for lots / sections ? …

    Housing getting further out of reach for first home buyers as strong price rises cancel out the benefits of falling interest rates, interest.co.nz’s latest Home Loan Affordability Reports show … Greg Ninness … Interest Co NZ

    https://www.interest.co.nz/property/102723/housing-getting-further-out-reach-first-home-buyers-strong-price-rises-cancel-out

    The benefits of lower interest rates for first home buyers are being more than wiped out by rising prices at the lower end of the housing market, according to the latest figures from interest.co.nz’s Home Loan Affordability Reports. … read more via hyperlink above …
    .
    .
    UNITED STATES … Nationally new lots (sections) median price $49,500 …. National Association of Home Builders (NAHB) reports …

    … 4 out of 5 Americans say there is a housing affordability crisis …

    Lot Values Hit Record Highs … Natalia Sineavskaia … U.S National Association of Home Builders

    http://eyeonhousing.org/2019/11/lot-values-hit-record-highs/

    According to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data, median single-family lot prices outpaced inflation once again (4.4% vs 2.4%) and reached new record high in 2018, with half of the lots selling at or above $49,500. The most dramatic rise in lot values is observed in the West South Central division where median lot values more than doubled since the housing boom years. … read more via hyperlink above …