Property chat election time!

Discussion in 'Politics' started by Noobieboy, 14th Apr, 2019.

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I’m mock voting for:

Poll closed 21st Apr, 2019.
  1. Liberal/National

    56 vote(s)
    61.5%
  2. Labor

    21 vote(s)
    23.1%
  3. Green

    6 vote(s)
    6.6%
  4. PHON

    3 vote(s)
    3.3%
  5. SFF

    2 vote(s)
    2.2%
  6. PUA

    3 vote(s)
    3.3%
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  1. Noobieboy

    Noobieboy Well-Known Member

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    With both main parties making me feel rather week in my bowels, I thought we should run our own mock election. What do the people want?

    This could be a good guide for how the federal elections would turn out. Granted the sample is mostly well off out of date models, still should be statistically acceptable.

    Voting starts now and closes in about 7 days. Results would be released once satisfactory checks are finished.
     
  2. geoffw

    geoffw Moderator Staff Member

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    I think that any poll in here would be much more right leaning than the population in general.
     
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  3. TSK

    TSK Well-Known Member

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    definitely. Bit of an echo chamber to be honest. But personal politics aside, lots of very knowledgeable people.

    Actually, has there been any analysis of the member population for age, location etc?
     
    Last edited: 14th Apr, 2019
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  4. D.T.

    D.T. Specialist Property Manager Business Member

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    If you're on a real estate website and want to vote for the party that has openly stated its policy is to wreck real estate, then i question why you're here.
     
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  5. geoffw

    geoffw Moderator Staff Member

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    Their policy is to change some tax policy with real estate. That's not "a stated policy to wreck real estate". That's your interpretation on what their policies will do.
     
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  6. TSK

    TSK Well-Known Member

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    Coalition probably should have been broken up into their appropriate parties but understand that would have been painful.
     
  7. Perthguy

    Perthguy Well-Known Member

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    Decent candidates please. This lot are rubbish.
     
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  8. Perthguy

    Perthguy Well-Known Member

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    The way Labor almost tore itself apart over marriage equality, perhaps they should consider doing the same.
     
  9. marmot

    marmot Well-Known Member

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    For that to be true it would indicate that the Australian housing market is overvalued.?, and most investors were only interested in a tax break.
     
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  10. Noobieboy

    Noobieboy Well-Known Member

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    I probably would agree. But the results are much more diverse than I thought! Though I would expect Liberals to be successful here since they are not touching the tax concessions provided to RE at the moment.

    At this stage it seems like a hung parliamentary to me.
     
  11. marmot

    marmot Well-Known Member

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    Much of the problems were seeing at the moment in Sydney and Melbourne is the result of pure laziness of banks to do their job properly, financial regulators that sat on the sidelines for to long , and a government that simply refused to do anything.
    The market seriously overshot itself, helped along by a lot of investors that just assumed they would never have to pay the P/I component of their loan and some are unwilling or unable to make the repayments.
     
    Last edited by a moderator: 15th Apr, 2019
  12. Simon Hampel

    Simon Hampel Founder Staff Member

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    Umm ... banks are in the business of making money for their shareholders. They take only the risks they feel they can get away with and employ top level economists to help them navigate market risks.

    The banks have benefited greatly from the boom - I think they are exactly doing their job.

    It is the job of the regulators to make sure things don't get out of control to the point of being dangerous.

    APRA applied new and tighter lending criteria to the banks to manage the risk they saw in the markets - which the banks were obliged to adhere to and have done so.

    I don't see that there was actually a problem here? Risk increased, new controls were put in place to mitigate that, risk has now decreased.

    The government should always be reluctant to interfere with normal market cycles - because it can cause unintended side effects when they do.
     
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  13. TSK

    TSK Well-Known Member

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    Yeah, true forgot about that in 2013. The Catholics right supported by the SDA were against it....
     
  14. Marg4000

    Marg4000 Well-Known Member

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    No one held a gun to the head of the long line of borrowers.

    And every borrower told the complete truth about their financial situation, and no “inventive” broker continued to hunt down a loan after a refusal.

    Don’t blame the banks. Every loan given was requested by an eager borrower. Any one who over-commits themselves then screams to the media should take a long look in the mirror to see who is to blame.

    The lesson of Kate Moloney is classic. Lauded by financial magazines and awarded title of “Investor of the Year”, her story written up as an example of what someone could achieve (with never a hint that the level of borrowing for property in a mining town may be a concern) ... before it all turned sour. Suddenly it was all the banks’ fault.

    We would not be in our present healthy financial situation without the bank loans over the years.
    Marg
     
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  15. TSK

    TSK Well-Known Member

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    Fwiw I was suggesting that there is no party call the coalition, and it would have been interesting to see how few people would have voted national or LNP.
     
  16. Lizzie

    Lizzie Well-Known Member

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    This is an interesting little survey to do:

    https://votecompass.abc.net.au

    No surprises that I was mildly economically left - and mildly socially progressive - just where I like to be. Not extremist but still concerned without being alarmist
     
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  17. Perthguy

    Perthguy Well-Known Member

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    Realistically, Labor is 2 parties and Liberals are 2 parties and Nationals are their own. That's 5 parties right there.

    For a long time I have wondered what would happen if we split them up along ideological lines and put them to the vote. One possibility is a strong minority to the centre right of the Libs and the same to the centre left of Labor. Well, enough for them to agree to form government. The question is whether they would be a good government. Potentially not but I reckon its worth a shot. Can't be worse than the last 10 years in Australian politics.
     
  18. 2FAST4U

    2FAST4U Well-Known Member

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    The poll should have had 'Other' as an option. I'll be voting for the Centre Alliance. Hopefully more people start voting below the line so we can get a better Government.
     
  19. Andrew Allen

    Andrew Allen Well-Known Member Business Member

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    Looking forwards to the election getting sorted, from a personal point of view as there always seems to be a slow down in market activity before an election. I like taking my kids along to the polling booths to participate in the democratic process, maybe grab a sausage sizzle at the same time :) For them it's a battle between their favourite colours at the moment.
     
  20. Sackie

    Sackie Well-Known Member Premium Member

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    Imho anyone not voting libs (not that i love libs i don't) and claims are interested in wealth creation are just kidding themselves.
     
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