The gap between Sydney's have and have-not suburbs has widened since the Coalition came to power in 2013, fuelled in part by cheap interest rates which have delivered huge capital gains of more than $500,000 to a few hundred residents in Double Bay.
"Inner city suburbs have access to high income jobs in finance and insurance, and professional services far and beyond what can be accessed from middle ring suburbs," he said. Yet among the 10 suburbs with the lowest median incomes, including Lakemba, Cabramatta and Burwood, median incomes rose by less than 4 per cent.Wages as measured by the Australian Bureau of Statistics increased by 8.9 per cent across NSW over the period.
swrighteconomy Oh they're just ' mums n dads' Negative Gearers - with a BIG Portfolio
swrighteconomy They will die from the Rona just the same as everyone else.
swrighteconomy Why is this news
swrighteconomy Modern monetary theory is biggest experiment (lie) that penalizes savers for borrowers MMT Economy 101 - If you've 1/100 yesterday & your gov decided to print 200 today & give to others, your purchasing power is now 1/300. How's that fair? ausbiz business FinancialReview
swrighteconomy Wow, so insightful... rich have more money than the poor...
swrighteconomy Remember folks ...poor people are there to scare the middle class. Homeless people are there to scare the poor. Now get to work !
swrighteconomy Good to see capitalism once again working for the rich while everyone else has their life savings put to the sword.
swrighteconomy Inequality is a good thing. Forcing everyone to have equal outcomes is a bad thing. It is what happens in Socialist countries where everyone is equally poor.
swrighteconomy Globalism is great isn’t it? 🙄
swrighteconomy Amazing people’s incomes rising by 4% p.a. I’ve not had a cent increase in at least 5 years
swrighteconomy MustafaElSadik
swrighteconomy this isn't news ..it's the way of the world
swrighteconomy Thanks to central banks all over the world, wealth inequality is well and truly alive. Capitalise gains, socialise loses.
swrighteconomy well colour me shocked
swrighteconomy This analysis by Rawnsley is a shit show.
swrighteconomy Yes,it’s an other deceased we must eradicate
swrighteconomy in rich suburbs they r bankers execs n investors so they r not affected much Top it with TAX PERKS neg gearing n franking In poor suburbs people live hand to mouth week by week on casual jobs Wages is just to cover rent n food so they never catch up
swrighteconomy Since when is Ultimo considered to be a poverty area in OZ? What did I miss?
swrighteconomy They might add a bit more caviar to their breakfast plate , and instead of coffee ☕️, they ll sip champagne 🥂!!
swrighteconomy That’ll make ‘em squeal.