Australia housing bubble

[Charliewool]

Originally Posted by FoxtrotGolfXray 5.0

Nothing comes for free. There was significant stimulus (read cash investment from the government, both state and federal) injected into the community through various pipelines, all of which was supposed to help carry the state through a down turn in the economy. Whilst there were specific feed-in points, it was supposed to benefit everyone by stimulating spending.

At some point in time, that money needs to be recouped. And, just like it was handed out through particular feed in points, that money will be collected through particular collection points. But that will also impact the rest of the community as the costs of that are passed on.

So, everyone (in theory) benefits. And everyone (in theory) pays. No one should be surprised at this.

And those living in other states should also be concerned about their own state's debt. NSW, for example, has a debt of over $187 billion. That's about $70b more than what Victoria's current debt is. At some point in time, that money has to be repaid. You can't do that without someone feeling the pain.

Appears different sources show vastly different state debt levels?
I also heard on 3AW this morning that Vic debt is more than NSW, QLD and TAS combined?



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