How to create Housing Affordability: The Nuclear (or Austrian?) Option

Where do I start to write about how to salvage the Great Australian Dream for most of my friends and the next generation? Do I start with a much younger me, too arrogant to know my own financial ignorance, but very very very lucky? Or is it about interest rates, and how we all were …

Allegro Non Troppo Part 4: How Woke are the Teal Candidates?

I would love to consider myself a protest voter these days, given I am rather skeptical about the sincerity or general decency of the current government, and have never been particularly enamoured of the current opposition, much as Albo seems, on the surface at least, to be authentic and (formerly) cuddly. However, living out in …

Who cares about French Submarines: We need French Scuba Divers. Right Now!

The news that a Communist Chinese naval vessel with surveillance facilities has been sailing in international waters (albeit part of our exclusive economic zone) not far off the coast of Australia near to some of our more sensitive naval facilities has been greeted with the proper expressions of horror by our Defence Minister, Lord Voldemort. …

The Elephant in the Heavily Mortgaged Room – More Thoughts on Home Affordability

The above image was the Commonwealth Bank’s mascot back in the 1980s, when I first seriously engaged with them as a customer as a teenager. I think I took out a term deposit with a 13.75% interest rate in 1982. Back then, I think we saw our banks, particularly our local branches, as trusted partners …

When Does The Suburban Dream Become A Nightmare? Reflections On Home Ownership

The cliche we know as the ‘Great Australian Dream’ is not new, nor original to Australia. Captain John Truslow Adams popularised a similar but not original idea in 1931 as the ‘American Dream’, which then became aggrandised. And even before such ideas of mundane, suburban, petit bourgeois prosperity and moderate affluence became clearly defined, we …

Broo’s Ballarat Land Sale Sunk By Red Tape

Not too many Australian beer companies are owned by Australians. Broo, the publicly listed micro-brewery, is the exception that empathically proves the rule. You can’t own shares in Fosters (aka Carlton & United) or Lion Nathan (aka Tooheys) anymore unless you buy shares in Asahi or Kirin on the Tokyo stock exchange, and where is …

Allegro Non Troppo Part 3: Posh People With Very Deep Pockets

What was it that the shade of Achilles said when Odysseus met him in Hell (or Hades if you prefer) on the latter’s long journey home to Ithaca? It was something along the lines of much preferring to be a day labourer in the world than a prince in Hell. Well, I am an office …

Allegro Non Troppo Part Two: The Hegemony Of The Posh People

A friend of mine read my posting about the rise of independents like Allegra Spender, and immediately sent me a detailed text with her thoughts. She is obviously not as generous as I am about posh patricians like Allegra Spender. I must say that her words have resonance with me, given that the involvement of …

Allegro Non Troppo: What Happens When The Posh People Turn Against Their Party

I heard John Spender QC speak once. It was July 1989 and the topic was the Tiananmen Square Massacre which had happened weeks earlier. I am not sure whether he was shadow foreign affairs minister at the time, but that was a portfolio which he had held recently. He impressed me as well-informed, intelligent, articulate, …