Money Minute – October 31 2017 More Roads and Rails Coming

I often warn about the levels of household debts as people have taken on big mortgages to afford high house prices in Sydney and Melbourne, especially.

The good news is that the business sector seems to be slowly coming alive. Government spending is pushing our infrastructure along.

Now, Deloitte Access Economic today has released its report looking for the projects coming ahead.

Its this big lump of projects – billions of dollars’ worth – after the giant LNG projects were finished in WA. Now we had a real drought, you can see this before the period ahead. Now this is over the past three years but this chart shows government funded infrastructure that is coming, mainly for Sydney and Melbourne and mainly paid for by the massive increase in stamp duty states has enjoyed due to the housing boom.

Deloitte says there is $749 billion in projects in the pipeline – provided they all go ahead cause after all, this is government – do remember.

The big ones are the WestConnex to link Sydney’s freeways to Sydney’s Metro and Metro West plus Melbourne North and North East from Ringwood to Greensborough. Now, just on that road – it’s a missing piece in Melbourne’s freeways network. The road was first proposed in and land was set aside back in 1968 – so we’re talking 50 years ago.

In 1968, Melbourne’s population was less than 2 million.  It’s now 4.3 million and expected to be above 5 million by 2025.

So, perhaps its high-time this road and these railway projects are built to cope with our growing population.

 

Money Minute – November 2 2017 Stocks Soar

Money Minute – November 1 2017 D-Day for Myer

Money Minute – October 31 2017 More Roads and Rails Coming

Money Minute – October 30 2017 What The Block Taught Us

Money Minute – October 27 2017 Winning at the Races

Money Minute – October 26 2017 “Odds on Crown”

Money Minute – October 24 2017 “Tough on Corporate Crime”

Money Minute – October 23 2017 Corporate Dramas

Money Minute – October 20 2017 Fast Running Out Of Options

Money Minute – October 19 2017 Mining Giant Fraud Charges

Money Minute – October 18 2017 NBN Complaints Soar

Money Minute – October 17 2017 Power Struggle

Money Minute – October 16 2017 30 Years Since Black Monday

Money Minute – October 13 2017 10 Beers Too Many

Money Minute – October 12 2017 Bart’s Bum and Takeovers

Money Minute – October 11 2017 Banks Push for your Trust

Money Minute – October 10 2017 Energy Crisis Underway

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