Cost of Living Policy

Families in Werribee face economic pressure from high living costs

Why it Matters

In terms of socio-economic disadvantage the electorate of Werribee is in the middle range for Victoria. According to the 2016 Census, the City of Wyndham falls in the 63rd percentile: 37% of Victorian LGAs are less disadvantaged and 62% more disadvantaged.

Families in Werribee face economic pressure from housing prices – whether paying off a mortgage or renting – exacerbated by ever increasing energy prices.

An ideological approach to energy policy which caters to the Greens obsession with climate change and radical hostility to coal and gas is helping force up energy prices unnecessarily causing financial stress for families, the elderly and the most disadvantaged.

My Solution

A new energy policy is needed including:

  • Support for the production of high efficiency, low emission (HELE) coal power in Victoria
  • Support for landholders’ rights to allow conventional gas exploration on their properties, and a reasonable return for that access and extraction

What I’ve Done

  • Voted against the VRET 2017 (Victorian Renewable Energy Target) that will see energy prices skyrocket over the coming years. Unfortunately this passed by 1 vote.
  • In March 2018 I moved a motion in the Legislative Council:

Have Your Say:

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  • Geoff Rogers
    commented 2018-11-12 17:12:13 +1100
    From Port Phillip Publishing, 12/11
    By Selva Freigedo in Albert Park

    As Sydney clearance rates head lower, we are starting to see some nerves around property.

    This from the Australian Financial Review (AFR):

    ‘The situation of the Sydney market where prices are already falling and discounting is increasing prompted a warning from veteran analyst SQM Research’s Louis Christopher.

    ‘"This is getting almost unprecedented. It’s certainly unprecedented in the last 20 years," he said

    ‘"I just cannot see any trigger which is going to create a bottom in the market in Sydney and Melbourne right now.”

    ‘"All I can see are factors out there which could make this even worse."’

    According to the latest Domain figures, Sydney’s preliminary clearance rates were 41% for the last weekend, with a bunch of properties not even making it to auction.

    Melbourne’s figure was a bit higher, 48%, with the majority selling in private exchange instead of going to auction.

    This is a stark contrast from last year, when clearance rates were in the mid 60%, and most properties were selling at auction.

    According to Louis Christopher, revised auction figures for last weekend could go down to as low as 34%–37% once the full results are in.

    Well, this is what happens when you close the credit tap."

    This will hit hard in Wyndham. Also watch governments addicted to Stamp Duty receipts to fund spending programs turn to Death Duties, Land Tax on owner occupied housing, to further impoverish people.