Discover and read the best of Twitter Threads about #ausbiz

Most recents (4)

Via @GeoffHanmer: "The introduction of the Building Code of Australia, now the National Construction Code (NCC) from the mid-1980s was driven by an agenda to increase self-regulation in the building industry... with the aim of reducing construction costs." afr.com/real-estate/re…
"By 2004, the Productivity Commission had given deregulation a big tick. In a 2004 report it theorised billions of dollars would be saved by moving to a more flexible regulatory environment. It did not consider the cost of rectifying buildings." #Auspol

afr.com/real-estate/re…
For anyone who's interested, the full 2004 Reform of Building Regulation report is still available online. It certainly makes for some... interesting... reading in light of the recent problems with buildings. #Auspol

You can download it here: pc.gov.au/inquiries/comp…
Read 17 tweets
Australian Economy Thread #ausbiz #auspol #housing #business
As we have be warning about for a while now house prices are falling at the fastest rate in 35 years. But so far the knock on effects for the economy aren't noticeable. Many regions are still experiencing strong... 1/6
growth such as Tassie as we shared last week. The bank restrictions on interest only & investment lending have been reversed in an attempt to re-inflate markets. Bank lending standards led to a Royal Commission so many are unhappy that regulators are telling banks to lend... 2/6
more again.
Property investment makes up a far larger percentage of our economy than most countries so many expect this weakness to spread as investor portfolios unwind. The only factors that can turn this around are strong immigration & real wage growth. Both of which are... 3/6
Read 6 tweets
#demographics #militaries #economies #currencies
#USA
- Best demographics
- Largest military
- Largest economy
- Most used currency
- Liquid financial markets
- Open capital account
- Rule of law
- Best geography
- Can be self sufficient if required
- Not trade dependent
#USA
Top trade partners as of 30 June 2018:
- China: 15.2% (strategic competitor)
- Canada: 15.1%
- Mexico: 14.6%
- Japan: 5.1%
- Germany: 4.4%

The next 10 years could result in the below:
- Mexico (25%)
- Canada (20%
- Japan (7%)
- South Korea (5%)
- Great Britain (4%)
#USA
Bring the manufacturing (jobs) home while negatively impacting China's economy.
forbes.com/sites/kenrapoz…
cebglobal.com/talentdaily/au…
irishtimes.com/business/econo…
Read 338 tweets
#HotTip High level interpersonal + problem solving skills are what will make you employable in a digital world.

#Thread #education

theconversation.com/demand-for-peo…
In 1986, the largest group of workers was in occupations classified as skill lvl 4 (roughly equivalent to a certificate II or III). Nowadays, the largest group of workers is in the highest (skill level 1) category - occupations requiring a bachelor degree/higher qualification.
Despite all the hype about #STEM skills, occupations requiring communication skills are actually growing fastest.
Read 5 tweets

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