Canberra Economy Rocks OK?

johnboy 21 February 2009 24

Forget the doom and gloom that other sheep-like media spread around rather than think for themselves.

The Daily Telegraph has a deeply jealous story on how strong the local economy is in this city of smart, beautiful, and rich, rich, rich people.

    Canberra is bucking the economic trend, while the rest of Australia is hurting from the global downturn.

    Cashed-up public servants and highly-educated professionals are still splashing their disposable cash around on luxury items including expensive cars, jewellery and fine artwork.


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24 Responses to Canberra Economy Rocks OK?
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monomania monomania 5:35 pm 22 Feb 09

Woody Mann-Caruso said :

That looks like a sentence, but buggered if I can tell what it actually means. Maybe the tinfoil hat is interfering with your wireless keyboard?

At lea?st mY* tiiinfoiL haaat !!! potEcts me fOrm yor # ev!L tHooourhts woooooooddy

pelican pelican 3:26 pm 22 Feb 09

These sorts of stories remind me of the Sixty Minutes expose’ (some years ago) about the luxurious life of the average Canberran. The street they used as a ‘typical’ Canberra stree was…yes you guessed it… Mugga Way, Red Hill.

Gotta laugh at these anti-Canberra stories.

sepi sepi 3:01 pm 22 Feb 09

I dunno – I was in the aps in the 90s when it was cut by 10% and it was not pretty.

On the other hand I bought a cheap house….

toriness toriness 2:13 pm 22 Feb 09

there hasn’t been such great doomsayer talk since the lead-up to Y2K!

deezagood deezagood 12:45 pm 22 Feb 09

Well yes, but whilst many (not all) Canberrans are luxuriating in the so called benefits of the global recession right now, lets not forget that Canberra is far (far) more suseptable to the economic impact of large-scale public service cuts than anywhere else in Australia. With the flick of his hard-working pen, Kevin07 can radically alter house-values, employment levels and overall living standards of the ACT population. Anybody who thinks this isn’t on the cards (especially after the big free-for-all give-aways to stimulate the economy) is kidding themselves. Make hay while the sun shines people, because I predict that it won’t be sunny here for too much longer.

Pommy bastard Pommy bastard 10:58 am 22 Feb 09

GnT said :

So far the global economic crisis has given me:
– Several interest rate cuts resulting in significantly lower mortgage payments;
– Lower petrol prices;
– Lower inflation, resulting in lower prices all around;
– Small business dying for my patronage, and offering all sorts of discounts and deals.

If this is what a recession looks like, bring it on!

But think of all the unemployed, lesbian, disabled, single-parent, mothers who may not be having it as easy as you are!

VYBerlinaV8_the_one_they_all_copy VYBerlinaV8_the_one_they_all_copy 8:31 am 22 Feb 09

These interest rate cuts have been fantastic. Mid year I reckon I’ll lock in for at least 5 years.

Granny Granny 11:35 pm 21 Feb 09

I must admit things have kind of gotten easier for us with the recession also, except for being unemployed.

Woody Mann-Caruso Woody Mann-Caruso 10:50 pm 21 Feb 09

That looks like a sentence, but buggered if I can tell what it actually means. Maybe the tinfoil hat is interfering with your wireless keyboard?

monomania monomania 8:29 pm 21 Feb 09

Woody Mann-Caruso said :

What’s the name of piece that plays whenever there’s a circus scene in a movie? Because I hear it whenever I read one of your posts, monomania.

solar power *mutter* cosmic rays *twitch* orbital mind control lasers gonna get me *cackle*

Woody Mann-Caruso said :

What’s the name of piece that plays whenever there’s a circus scene in a movie? Because I hear it whenever I read one of your posts, monomania.

solar power *mutter* cosmic rays *twitch* orbital mind control lasers gonna get me *cackle*

So you’ve got a few bob, want us to buy your solar cells and are prepared to mock anyone who wants to point out what a fraud you are.

Thumper Thumper 7:18 pm 21 Feb 09

This recession is saving me a fortune. Bring it on!

joy123 joy123 6:54 pm 21 Feb 09

When I first came to Canberra, I could not believe how expensive it was to live here, the prices are much higher than Sydney, at least Sydney has competiton, their isn’t here.

Woody Mann-Caruso Woody Mann-Caruso 6:53 pm 21 Feb 09

What’s the name of piece that plays whenever there’s a circus scene in a movie? Because I hear it whenever I read one of your posts, monomania.

solar power *mutter* cosmic rays *twitch* orbital mind control lasers gonna get me *cackle*

monomania monomania 5:38 pm 21 Feb 09

Plain fact is that this town is full of extremely well paid people even if lacking the real wealth of some in other capital cities. And a large swag of these well paid people don’t seem to accept that there are a lot of us struggling. So they don’t give a damn that stupid schemes like PV electricity or hikes in water bills add a few dollars to utility bills because to them its small change. And true to their hypocrisy they continue to vote Labor and Labor is happy to buy their votes. Stuff the rest of us.

ramblingted ramblingted 3:40 pm 21 Feb 09

You’ve got to feel for Passy….trying to inspire working class revolution amid all this conspicuous consumption!

Primal Primal 3:19 pm 21 Feb 09

gun street girl said :

Failing that, we settle for “ritzy Yarralumla”.

I heard there was a friendly little European nation that was moving its embassy from O’Malley to Charnwood to save on costs… “I live in a former embassy” has a nice ring to it!

gun street girl gun street girl 2:59 pm 21 Feb 09

Tempestas said :

…after all we all live in Forrest don’t we.

Failing that, we settle for “ritzy Yarralumla”.

GnT GnT 2:27 pm 21 Feb 09

So far the global economic crisis has given me:
– Several interest rate cuts resulting in significantly lower mortgage payments;
– Lower petrol prices;
– Lower inflation, resulting in lower prices all around;
– Small business dying for my patronage, and offering all sorts of discounts and deals.

If this is what a recession looks like, bring it on!

2604 2604 1:31 pm 21 Feb 09

Bad news, for mine.

The clear inference is that the taxpayer is paying for all the cars, jewellery, artworks etc.

More bottom-feeding from Australia’s worst media outlet.

Tempestas Tempestas 1:31 pm 21 Feb 09

Ho-hum.

So looks like we still have a good round of Canberra bashing from the usual suspects (I’d mention Miranda, Andy and Piers but that probably invokes Godwin’s law). I wonder if the tabloids run these sorts of stories just so their opinion makers can take a swing.

Did the fact that when everyone else is booming, Government tends to be isolated from that as well.

I’m also betting they don’t point out how comparatively expensive it is to live here.

So I guess I’ll just go and hop in my Merc and buy some expensive art work, like all the other posters/lurkers here, after all we all live in Forrest don’t we.

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