During the Ku-ring-gai Chase Fun Run for charity yesterday, I talked to a prominent local Real Estate Agent. When I suggested that he must be ‘raking it in’, his reply was the same as others that I’ve talked with recently. They don’t have enough ‘stock’. So, as long as demand continues to outpace supply, prices will continue to rise. As my stockbroker uncle used to say, a bull market “climbs the wall of worry”.
… informing the public about the true cost of the Public Health System. In Terry Barnes’ recent article in the SMH, it was all about the proposed GP co-payment policy. Terry does call for broad “conversation” about reform, but he doesn’t draw any attention to the true cost of the public healthcare system, which is about 10% of GDP. Many Australians that think their Medicare surcharge (1.5%) covers the cost of healthcare. The public system is a good safety net for those that can’t afford private health insurance, but it’s underfunded and grossly inefficient compared to the private sector.