Puzzled by the comments on the polls

I was puzzled last night, as I read the comments after William Bowe posted news on his excellent Poll Bludger blog of the latest Newspoll,.

Richard Farmer

Crikey political commentator

Puzzled by the comments on the polls. I was puzzled last night, as I read the comments after William Bowe posted news on his excellent Poll Bludger blog of the latest Newspoll, at the ability of good Labor supporters to find a way of dismissing the relevance of the figures to the outcome of the next election.

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2 thoughts on “Puzzled by the comments on the polls

  1. jmendelssohn

    There is nothing wrong with a slight downward drift of house prices. I have four adult children, all of whom are trying to save a proper deposit for a house. Unfortunately in Sydney that means they could be well in their middle age before they can take out a mortgage – but if this downward drift persists they may have a chance to buy a small apartment in an unfashionable suburb in a couple of years.
    The best thing the government could do in terms of housing affordability would be to repeal Peter Costello’s scandalous 50% discount on Capital Gains Tax. That (combined with negative gearing) is what has encouraged speculators and made housing so absurdly over priced.

  2. Malcolm Street

    Here’s hoping that the decline in housing prices continues. It’s a bubble, just like in many other advanced economies, that’s been an unusually long-time a bursting and frankly a gentle deflation would be better than a sudden bust. The rise in housing values has given a “wealth” that is both illusory and effectively stolen from the next generation.

    Of course if this continues it could be another political disaster for the government. But the interesting thing is that it could make them heroes to the young who can’t get into the market at present. Generational warfare, anyone?

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