Friday February 13, 2009, 3:27 pm
SYDNEY (AFP) – Australia’s parliament narrowly passed a 42 billion dollar (28 billion US) stimulus package Friday in a bid to stave off recession in the face of the global economic crisis.
The parliamentary approval leaves the government free to immediately implement its spending plans, with Prime Minister Kevin Rudd stressing the need for swift action throughout protracted negotiations during the bill’s passage.
Rudd was jubilant after parliament backed the plan, saying the package was in the national interest and would help Australia’s centre-left Labor government fight the global economic recession.
“The most irresponsible thing to do today, with the worst global economic recession since the 1930s staring us in the face, would be to do nothing,” he told parliament.
The package includes spending of 28.8 billion Australian dollars on schools, housing and roads over four years, tax breaks for small businesses and cash handouts of 12.7 billion dollars to eligible workers, farmers and students.
Rudd said the Treasury estimated the plan would boost economic growth by 0.5 percentage points in 2008-09 and 0.75-1.0 points in 2009-10, supporting up to 90,000 jobs.
“Without parliament’s support for this plan, growth would be slower and unemployment would be higher,” he%2
>>>> Finance, Business and Company News – Yahoo!7.
Tax System explained in beer.
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100.
If they paid their bill the way we pay our taxes, it would go something like this…
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Over the past 8 years or so speaking with all types of people on the subject of investing in property, many, generally new to investing, ask me the “what if” questions. My broad base of experience has meant my answers have generally put their minds at ease. Two questions, however, that I lacked a good solid answer for were:
- How good will your portfolio be if we have another world war?
- How good will your portfolio be if we have a worldwide recession or depression?
Well, with regards to Q 1, I still have no concrete answer for, and hopefully never will. With respect to Q 2, however, I can now (i.e. only now) say from experience… “It’s all ok”!
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To make sense of the property market we must separate opinion from fact. Opinions will always be heard… just in greater numbers now perhaps. If you are prepared to “drill deeper” and dissect the evidence available; the facts will speak for themselves. There’s no reason for allowing the conflicting voices of opinion to keep you confused!
In the current round of Web Seminars we are offering, I highlight four key factors that are a MUST… if you expect to draw any credible conclusions.
1. Record Population Growth
2. Investors Have Fled The Market
3. Home Ownership Unattractive
4. New Construction Has Stalled Badly
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Our “What In The World Is Going On With Property” Web Seminar has proven to be so popular that we are going to run it again a few more times between now and the Christmas break.
You can register for next Wednesday evening; December 3rd… or nominate a preferred time when you would like us to host one… and if enough people want a lunch time or weekend one e.g. we’ll arrange it!
CLICK HERE TO REGISTER FOR THIS FREE EVENT NOW!
You will learn…
- Four important factors that must be considered if you want to accurately analyse the state of our property market
- Rental market equilibrium; how is it reached and what does it mean
- What are balanced and stressed rental markets and what must follow
- Changing property cycle and fresh wealth creation opportunities
- How the US property market works and why they got themselves into so much trouble
- Why the value of your home will NOT follow that of Europe and the USA
- Plus much more (including answers to YOUR questions, at the end)
My goal for this event is this…
TO DISPEL CONFUSION
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On the evening of Wednesday 5th November I hosted our 1st ever mrd Web Seminar: “What In The World Is Going On With Property”. The event was a huge success. Two nights ago I hosted this same event again. Such was the enthusiasm that we upgraded our virtual room from 25 to host 50 people. Registrations continued to pour in, so much so, that we ended up unable to accommodate 20 people! BECAUSE of popularity of this complimentary even, I have decided to host it again this coming Wednesday evening; 19th November.
That means that aside from those 20 who missed out last time, we can accommodate another 30 people; actually 27 now as 3 of those spots have already been taken up.
At The Conclusion Of This Event You Will Understand
- The current state of the Australian property market
- Which way property rents & values are likely to head, when… and why?
- What impact the current economic global slowdown will have on the value of your home and your investments
Nothing good is produced by confusion! So when it comes to you successfully navigating your way forward; in these more turbulent times… DON’T BE CONFUSED; it is a sure recipe for disaster!!!
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Last Wednesday evening I hosted our 1st ever mrd Web Seminar. The subject was “What In The World Is Going On With Property”. After the few usual technical hitches that seem to come with technology, the event was a huge success.
Those who participated offered encouraging feedback and commented that they thought the information given had been personally beneficial and insightful.
Tomorrow night (Wednesday 12th) I am hosting the 2nd of these two events… and I invite you to participate. I would love the opportunity to clear the air with regards to:
- The current state of the property market
– Which way property rents & values are likely to head; and when
- How will property be affected by the current economic global slowdown
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Our first Web Seminar ever at mrd on Wednesday evening the 5th was an outstanding success.
Register NOW for FREE to participate in Nick’s 2nd mrd web seminar – next Wednesday evening.
On Wednesday evening just gone, Nick clearly articulated FACTS that assisted those who participated to decipher between subjective emotion and objective facts. The result was everybody went away encouraged!!!
Here are just a few testimonies of this landmark FREE event:
If you missed last Wed night, we are running another Web Seminar next Wednesday night as well!
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Last month there was talk that the RBA would drop official interest rates by 50 basis points or 0.5%. I believed there was justification for them dropping rates by a full 100 basis points; or 1%. I kept my opinion to myself and as history has shown, they did…
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Have you been “freaked out” lately… thinking house prices in Australia are about to crash by up to 40%?
IMPORTANT!!! Before you act on fear, emotion, the counsel from media and/or those pessimists (who are W.R.O.N.G. by the way), why not get the facts?
Register NOW for FREE to participate in Nick’s 3rd mrd web seminar – next Wednesday evening.
On Wednesday evening just gone, Nick clearly articulated FACTS that assisted those who participated to decipher between subjective emotion and objective facts. The result was everybody went away encouraged!!!
- Are you concerned about the possibility of falling house values?
- Is it too late now to establish a retirement fund?
- Do you feel afraid and pressured to sell?
- Is cashflow a problem right now?
- Do you feel chocked with debt?
- How do you avoid selling… yet still improve your cashflow?
- What are the things that you should be doing right now?
- What are the things that you should NOT be doing right now?
More…
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