Federal Election Surprise
Not many people saw that result coming, but of most importance is the economic health of Regional Australia. I am genuinely concerned about the future of Regional Australia which relies on one single thing…sustainable long-term job growth.
Let’s take Townsville as a micro-economy and an example of regional Australia. We currently have strong activity off the back of flood work, the new Stadium, and the water pipeline and that’s great. But in 12 months all that work is gone.
What we need are long term jobs. Places like the Zinc Refinery are upping the ante and investing heavily in future infrastructure and that is exactly what we need.
We need government investment in infrastructure that will support the private sector to invest in commercial operations that create jobs. Simple as that. Support the people who create jobs by helping them create more jobs.
Off the back of people feeling secure in their work comes the confidence to spend the money at a restaurant on a Friday night or buy that new car or invest in that house. This all creates the flow of money around the economy and then industries like mine, Property, can thrive off the back of consumer confidence.
I know I’m not worth a dime as an economist…but sometimes I think the experts and politicians make it sound complicated simply to suggest they are the only people who can deliver.
As with everything in business and life…Keep It Simple Stupid.
John Rosel