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Australian economy

Growth corridor woes

Government Growth Policy is not working – an example of one Growth Area municipality struggling under the financial burden of infinite population growth. Other growth corridors are also in stress.

Cardinia Shire is a largely rural municipality about 60 km from Melbourne. A government designated corridor of population growth and housing construction has been absorbing rapid population increase since 2003. The population is predicted to double over the next 10 years. Current Council records indicate that five families per day are moving into the corridor.

How much further can developer-debts drag us down?

Australian private debt is proportionately higher than US debt. Financial sector debt is significant and Govt debt is relatively small. Why then is so-called excessive Goverment debt ALL we ever hear about from the media and the growls emanating from the political bear-pit? Article by Greg Wood.

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