I've been able to resist - so far.
Victorian Politics
- Thread starter mullokintyre
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I've been able to resist - so far.
wayneL
VIVA LA LIBERTAD, CARAJO!
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My missus has been very successful in skewering any illusions of any aristocratic entitlement
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"Adult services" are another one to add to that list of expenses.
wayneL
VIVA LA LIBERTAD, CARAJO!
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Well, there is nothing Regal about how I look after a couple of hours in front of a hot forge in 40 degree heat
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No matter which way you look at the statistics, Victorians are are going further down the economic drain.
And before anyone says the election of a coalition government will fix it all, the coalition by dint of their inability to have any useful tasent in opposition has allowed the successive Labour governments to do as they please to the detriment of everyone except the unions and the public service.
Mick
And before anyone says the election of a coalition government will fix it all, the coalition by dint of their inability to have any useful tasent in opposition has allowed the successive Labour governments to do as they please to the detriment of everyone except the unions and the public service.
Mick
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Victorian Labour has been decimated in the Werribee by election.
With a margin of 10% in the last poll, even with the usual swing against the sitting government, they might still be expected to hold it.
but even this morning, the result very much on knife edge.
Labour has had a 16.5% drop in its primary vote, but thanks to the joy of preferential voting, is marginally ahead on a two party preferred basis.
Neither Labour or the Liberals could muster a primary vote of 30%, hardly a ringiing endorsement of the major party political class.
Anthony Green is not calling it either way, so must be close.
In another Victorian byelection, the Liberals have stunned the Greens by taking the inner city seat of Prahran after the former Greens MP sam Hibbins resigned after having an affair with a staffer.
Hibbins had held the seat since 2014.
Victoria, interesting times ahead.
Mick
With a margin of 10% in the last poll, even with the usual swing against the sitting government, they might still be expected to hold it.
but even this morning, the result very much on knife edge.
Labour has had a 16.5% drop in its primary vote, but thanks to the joy of preferential voting, is marginally ahead on a two party preferred basis.
Neither Labour or the Liberals could muster a primary vote of 30%, hardly a ringiing endorsement of the major party political class.
Anthony Green is not calling it either way, so must be close.
In another Victorian byelection, the Liberals have stunned the Greens by taking the inner city seat of Prahran after the former Greens MP sam Hibbins resigned after having an affair with a staffer.
Hibbins had held the seat since 2014.
Victoria, interesting times ahead.
Mick
Knobby22
Mmmmmm 2nd breakfast
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Good result.
Rachel Westerway, Thai heritage, won the seat of Prahran off the Greens. Labor didn't contest in the by-election.
Good result in my view and provides much needed new blood to the State Libs.
She could be a real asset to them. Greens deserved to lose.
Photo looks doctored.
Unfortunately it appears in the seat of Werribee, though there has been a massive 16% (at this time of counting) swing only 3% went to the Liberals.
The locals know they got shafted by the Federal Libs who would not support road funding in the electorate though it is desperately needed (when we had Josh ,the member for NSW as treasurer.) and its only now they have got it.
Seriously if the Libs want to win Federally they need to promise to spend money on infrastructure in Victoria.
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Not to worry we will send Basil over to you to sort things out.
He is going to be a one-man band for the Libs here in WA.
IFocus
You are arguing with a Galah
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Talking to a local here in WA today who just spent 2 years in Vic, absolutely hammered the state of affairs in Victoria.
I guess if things get any worse in Victoria WA can lock the boarder I can vouch for Knobby if you want to emigrate.
I guess if things get any worse in Victoria WA can lock the boarder I can vouch for Knobby if you want to emigrate
.
JohnDe
La dolce vita
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Thankfully Victorians tend to consider WA and NT to be the middle of nowhere, SA to be a quaint backwater with furnace like weather and Tasmania and the ACT to be just too cold.
Add in that they’ve never liked Sydney and that leaves Queensland as the only state that really needs to worry about an influx.
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Chairman Dan's binge legacy coming home to roost?
DOGE Victoria style? Thousands of public sector jobs on chopping block
Premier Jacinta Allan has announced a review into the public service, as workers at government agencies and departments brace for mass cuts, with sources claiming more than 6500 public jobs could be axed.
JohnDe
La dolce vita
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Realisation starting to kick in, and Credit rating season is almost upon us.
Analysis of new Australian Bureau of Statistics (ABS) data conducted by the Institute of Public Affairs (IPA) revealed that more than 129,000 Victorian businesses shut down last year, or a quarterly average of 4.4% of total companies—the highest of any state.
“Melbourne’s still a basket case”, commented Steve Urwin, the director of tenant advocacy firm Kernel Property.
“Over the last 20 years, Victoria has gone from being one of the country’s richest states to being down there with South Australia and Tasmania, as one of its poorest”, Saul Eslake commented.
“You just need to walk around the City of Melbourne to see how far we have declined. Every lease sign and vacant shopfront is a story of heartache and despair for the business owner who used to have a shop there”, said independent mayoral candidate Arron Wood.
Victoria has become Australia’s bankruptcy state.
Welcome to Victoria: the bankruptcy state
The financial woes of the Victorian government are well documented.
The state had the nation’s highest per capita net debt in 2023-24 and the worst (AA) credit rating.
The trajectory of Victoria’s debt is also concerning.
The major ratings agencies—S&P and Moody’s—warned that they could further downgrade Victoria’s credit rating if debt levels are not controlled.
This appears unlikely given that the 2023-24 Victorian Budget explicitly stated that it expects the federal government to provide “a matching contribution” to the first stage of its Suburban Rail Loop (SRL) project, which the federal government has refused beyond its already promised $2.2 billion.
Source: Victorian Budget 2023-24
As a result, the Victorian government has a funding hole for the SRL of $9.3 billion.
Once Victoria’s credit rating is downgraded, interest payments on its gargantuan debt will increase further, requiring further tax increases and/or spending cutbacks to compensate.
The Victorian government’s financial woes have extended to businesses across the state.
Analysis of new Australian Bureau of Statistics (ABS) data conducted by the Institute of Public Affairs (IPA) revealed that more than 129,000 Victorian businesses shut down last year, or a quarterly average of 4.4% of total companies—the highest of any state.
The number of businesses operating in Victoria has also increased by only 7.5% over the past three years—2% below the average of all other states and territories.
Australian Securities & Investment Commission data also showed that the average number of new businesses registered per 1,000 existing firms in Victoria during the year to September 2024 was 80.5.
This compares with an average of 99.8 in South Australia, 98.2 in Queensland, 95.3 in New South Wales, and 93.4 in Western Australia.
IPA research fellow Lachlan Clark claimed the data showed Victoria had not recovered from the pandemic and remained an “economic basket case”.
“At face value, it is suggestive of a lack of confidence in starting up a business in Victoria. It could also be a response successive waves of tax increases”, independent economist Saul Eslake said.
Melbourne’s CBD office vacancy rate also increased to nearly 20% in the September quarter of 2024, well above the other capital cities, which recorded falling vacancy rates.
“Melbourne’s still a basket case”, commented Steve Urwin, the director of tenant advocacy firm Kernel Property.
“Over the last 20 years, Victoria has gone from being one of the country’s richest states to being down there with South Australia and Tasmania, as one of its poorest”, Saul Eslake commented.
“You just need to walk around the City of Melbourne to see how far we have declined. Every lease sign and vacant shopfront is a story of heartache and despair for the business owner who used to have a shop there”, said independent mayoral candidate Arron Wood.
Victoria has become Australia’s bankruptcy state.
