The Property Market - One Agency Elite Group - And my thoughts on it!

So, these are figures supplied by One Agency Elite group today for the last month:

The Shoalhaven 1,325 - The number of properties currently for sale in the Shoalhaven 169 - The number of properties sold in the Shoalhaven last month $3,840,000 - The highest price paid in the Shoalhaven last month $773,307 - The average sale price in the Shoalhaven last month 92 - The median days to sell in the Shoalhaven last month 150 - The number of properties currently for rent in the Shoalhaven

I can see from a report from From an Analytical company fthat has completed research for Shoalhaven LGA, it appears that it is slightly a 'Buyers market'. The price of houses is dropping slightly. And what could be causing it is a multiple of factors?

One thing I know is the continual decrease of time worker employment And who do I blame?  Simply, all past Australian governments, employers and unionists. Unionists because they collect membership fees to assist employees in wage discussions and/or employee conditions. In the past, there have been many strike days/weeks (loss of wages for employees) and yet I was to always understand the Union would pay you for the hours not paid. I don't know if they ever have or haven't. I know my father wasn't paid during The Sydney Bus Atlantean Dispute 1970/1

Then, wage case for wage rises was always on the forefront agenda of union officials' tables,. Yet, year after year, Employers and businesses grew sick of these wage rises that they decided to reduce or get rid of full-time workers. Employers had to find funds from within the business, to cover the wage rises, whether it was a small business or a large employer.  Basically, it was cutting into their profits or little profit hey mad have Some may have faced liquidation.

In fact, employer/ employee enterprise bargaining power in time was done without Unions. I have never heard of a unionist standing up for getting Full-time employment and reducing or eliminating casual employment. But I'd love to hear that!

The average wage of an Australian Full-time worker in 1980 was $29,000 in Canberra and $21,020 in the rest of Australia. In 2,000 the average wage was $39,580 in Canberra and in the rest of Australia was $37,191 or less depending on each State/ Territory. In 2020, the average was $99,184 and in the rest of the country was $98,420 or less, depending on which  State and territory you worked.

Are you starting to get my point? Not included here is the increase in the cost of living. For example, a loaf of bread (about 2 kg) was costing 54 cents, in 1980. The cost of a loaf of bread in 2000 was $1.99 in Australia and today an average loaf of bread is approximately $3.50.

So, I previously blamed Unionists, I now blame and include Employers of grocery stores and businesses that deal with goods and services that make costs rise. Finally, the Australian Government (of the past 60 years) I also blame. who has controlled financial interest rates through their policies and have them regulated by the Australian Reserve Bank.

What has that got to do with the number of properties on the market, sold and up for rent? A hell of a lot. It means that I feel for these people that are not working full-time and will never work full-time. Why? Because I was given a lifetime to work full-time and enjoyed the benefits that go with it:

• The assurance of  being paid at then of each week for your full 5 days of work
• Job security - this was subject to annual reviews and this was the never wrecking time of the year for me
• Long Service Leave entitlements
• Sick Leave entitlements
• full confidence in work attitudes and ethics

With casual workers/employment, it creates a sense of employee insecurity. A potential loss of self-confidence - can lead to an unstable mental illness and anxiety. I mean, the work that comes up could be 12 to 20 hours a week. How can one employee live with that even if they are supporting themselves? And if they are supporting a young family, how will they meet their financial ends. The hours the employer provides to each casual employee could well be different for each person. Being paid a casual employee compared to a full-time employee would be substantially reduced and affect te level of the Superannuation payouts at the end of your retirement

So, what is needed is a dramatic change and a swing back to creating full-time work/employment, from employers. Complete backing up from all levels of government to support it more people employed full time provides a more stable life for the employee as they provide loyalty to the employer. Once this happens more people will be able to pay rent and purchase properties, so they can afford to pay back mortgages and feel happy in their own homes.