awkward. Let’s face it, it is much easier to put your money into BHP or RIO (and the yield will be similar)

So, it does not require a Harvard economist to realise that wages can only go one way, yes you guessed it - up. This wage pressure will, without doubt, force the reserve bank to tighten, and in

A word of advice -fix your home loan today; election year or not, interest rates are going up. The reason? Companies simply cannot get staff : the spectre of wage stagflation is looming. For example, a transport company on the Northern Beaches has been advertising for the last 2 months for a delivery driver ( Salary in excess of $50,000 pa ) no-one is interested. Unemployment is zero, anyone that wants to work….can. These are the real ‘Work Choices’ a good worker can choose almost any job he wants. Power to the workers takes on a whole new meaning, any worker not happy in their job can simply vote with their feet. Have you tried getting a tradesman lately? The brickie is charging the same hourly rate as the Intellectual Property lawyer - and the brickie cannot start your job for another eight weeks.

Meanwhile, calling the rental market tight is an understatement. New staff cannot afford to move into the North Sydney area. State politicians cannot understand why investors are abandoning investment property when they get a yield of only 3%, pay ridiculous stamp duty, pay 1.7% land tax every year, have ongoing rates and maintenance and have to deal with the Department of Fair Trading if a tenant is being awkward. Let’s face it, it is much easier to put your money into BHP or RIO (and the yield will be similar)

So, it does not require a Harvard economist to realise that wages can only go one way, yes you guessed it - up. This wage pressure will, without doubt, force the reserve bank to tighten, and in m

er ( Salary in excess of $50,000 pa ) no-one is interested. Unemployment is zero, anyone that wants to work….can. These are the real ‘Work Choices’ a good worker can choose almost any job he wants. Power to the workers takes on a whole new meaning, any worker not happy in their job can simply vote with their feet. Have you tried getting a tradesman lately? The brickie is charging the same hourly rate as the Intellectual Property lawyer - and the brickie cannot start your job for another eight weeks.

Meanwhile, calling the rental market tight is an understatement. New staff cannot afford to move into the North Sydney area. State politicians cannot understand why investors are abandoning investment property when they get a yield of only 3%, pay ridiculous stamp duty, pay 1.7% land tax every year, have ongoing rates and maintenance and have to deal with the Department of Fair Trading if a tenant is being awkward. Let’s face it, it is much easier to put your money into BHP or RIO (and the yield will be similar)

So, it does not require a Harvard economist to realise that wages can only go one way, yes you guessed it - up. This wage pressure will, without doubt, force the reserve bank to tighten, and in

ir feet. Have you tried getting a tradesman lately? The brickie is charging the same hourly rate as the Intellectual Property lawyer - and the brickie cannot start your job for another eight weeks.

Meanwhile, calling the rental market tight is an understatement. New staff cannot afford to move into the North Sydney area. State politicians cannot understand why investors are abandoning investment property when they get a yield of only 3%, pay ridiculous stamp duty, pay 1.7% land tax every year, have ongoing rates and maintenance and have to deal with the Department of Fair Trading if a tenant is being awkward. Let’s face it, it is much easier to put your money into BHP or RIO (and the yield will be similar)

So, it does not require a Harvard economist to realise that wages can only go one way, yes you guessed it - up. This wage pressure will, without doubt, force the reserve bank to tighten, and in

e North Sydney area. State politicians cannot understand why investors are abandoning investment property when they get a yield of only 3%, pay ridiculous stamp duty, pay 1.7% land tax every year, have ongoing rates and maintenance and have to deal with the Department of Fair Trading if a tenant is being awkward. Let’s face it, it is much easier to put your money into BHP or RIO (and the yield will be similar)

So, it does not require a Harvard economist to realise that wages can only go one way, yes you guessed it - up. This wage pressure will, without doubt, force the reserve bank to tighten, and in

awkward. Let’s face it, it is much easier to put your money into BHP or RIO (and the yield will be similar)

So, it does not require a Harvard economist to realise that wages can only go one way, yes you guessed it - up. This wage pressure will, without doubt, force the reserve bank to tighten, and in my opinion soon, even before the election. ( God only knows what the wage inflation would be should Ms Gillard ever influence policy )

Some of the best workers in Australia are sitting there in Villawood Detention Centre awaiting deportation. Their crimes include such atrocities as working whilst on a holiday visa, or overstaying their working visa by a few weeks. Remember that these ‘criminals’ have been paying tax and contributing to Australian Superannuation funds, whilst they provide an essential service for employers and service to the local communities. I suppose though if it was not for these workers then that immigration official with the green hair and the piercings would be out of a job (perhaps these immigration officials could then be the waiters in that Bondi caf? they are about to raid)

In the meantime, sell those bonds, sell those shares that rely on the domestic economy, and fix those loans. Australia has hit full capacity - rates are going up.

Freddy Quinn

(Freddy Quinn is a business and property owner in Northern Sydney. Freddy has paid large amounts of stamp duty to the State Government. Freddy loves paying land tax at 1.7% every year to the State. Freddy pays large amou