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#2941 | ||
FF.Com.Au Hardcore
Join Date: Dec 2009
Posts: 3,448
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Go onto any IGA and there will be loss leaders esp chicken meat dairy.
One near me had lamb legs around 7 or 8 $ a kilo. Get em in to buy the basics and pray they buyer higher margin priced stuff at the same time. Good business tactic. |
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#2942 | ||
FF.Com.Au Hardcore
Join Date: Jan 2007
Location: Port Lincoln, SA
Posts: 5,126
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I go to IGA to buy $9 per kg rump slabs and $12 scotch and then go to Coles for others. Although i notice that IGA bananas are often < $3 kg where as Coles standard now is $4, at least IGA is local money.
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cheers Shaun Current SY FPV F6X Territory #214 Previous FG MkII G6E Turbo built by Heinrichs Performance and Tuning BFII FPV TORNADO #0021 351rwkw - Heinrich Performance and Tuning "Milk is for babies. When you grow up you have to drink beer" - Arnold Schwarzenegger Last edited by raised by monkeys; 04-03-2024 at 10:24 AM. |
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#2943 | |||||
FF.Com.Au Hardcore
Join Date: Oct 2010
Location: Mid North Coast
Posts: 6,442
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Quote:
Not only that, the meat is better quality than the other two criminal corporations where I NEVER buy meat. The only other place I get meat is Aldi, Pork mince under $8 a kilo (great for taco's pasta, lasagna, Asian Mince Recipes etc) and I get the burger mince for home made hamburgers. Quote:
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I would not believe a word he utters and I do not give him my money. He has also been known to steal meat when doing kills for local farmers. Local farmers recently discovered that they consistently get an additional 30-40kg of meat per animal when sent to the abattoir than when he processes them. But all that is getting very off topic.
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The Daily Driver : '98 EL Falcon, 5 Speed , 3.45 lsd The Week End Bruiser : FPV BF GT 40th Anniversary, 6 Speed Manual, 6/4 Brembo and lots of Herrod goodies Project 1 : '75 XB GS 351 Ute, Toploader, 9" with 3.5's Project 2 : '74 XB GS Big Block Coupe, Toploader, 9" with 4.11's In Storage : '74 XB GS 351 Fairmont Sedan XB Falcon Owners Group Mike's Man Cave |
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#2944 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,890
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So where does the RBA shop to get their "basket of goods" prices to calculate inflation?
By the sounds of it, certainly not IGA.
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#2945 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,744
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Thomas Dux?
More on-topic, a friend took a bath on his tidy and central inner-city studio auction last weekend. Reserve 400, sold after the auction (same day, on site) for barely 360. Part of me thinks maybe the market is down, part of me wonders if the agent hustled him just to close a sale. |
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#2946 | ||
FF.Com.Au Hardcore
Join Date: Jan 2005
Posts: 3,125
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Been looking at house and land packages with the possibility of signing up to one in a few months. They had been what looked like good value compared to sale prices of existing housing stock.
The areas I’m looking at in WA for new builds have increased in price $100-200k across the board over the last 4-6 weeks or so. Unsure if the increases are justified or home builders are cashing in on a heated market that has seen gains in existing dwellings over the past few years. And if this has been the case in other states? One thing it has done is lowered the appeal of a new builds with a potential 18-36 month build time and the associated stress and variation cost blow out that come with it. Easier to buy an existing house, pay stamp duty and be done with it. One more contributor to add to the housing shortage I guess. |
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#2947 | ||
Purveyor of fine filth
Join Date: Feb 2024
Posts: 316
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#2948 | |||
FF.Com.Au Hardcore
Join Date: Jan 2005
Posts: 3,125
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Quote:
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#2949 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,313
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Just to remind people, the NCC (national construction code) in Australia is about to change for all new homes that will require 7 Star energy assessments in the coming months. This means that all new homes will need a higher level of thermal performance to comply with council approval.
What this means, is that the cost of new homes will be increasing due to the requirements needed to meet this new 'green' target for all new construction. Inadvertently, the costs of building a home could vary in pricing of up to $30k or more depending on design. Careful and clever design practice by Builders, Building Designers and Architects is required more than ever to minimize these costs in conjunction with local council and estate encumbrance regulations. Some states already have implemented this plan already. But it will soon be Australia wide and builders will then be forced to pass on any additional costs incurred to the owner to meet the minimum requirements on top of an already expensive and life changing purchase. https://ncc.abcb.gov.au/news/2022/bu...s-and-guidance https://thefifthestate.com.au/innova...ew-7-star-ncc/ Quote:
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2950 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,744
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As so often, a bunch of waffle in its final iteration.
There’s still no meaningful steps towards sustainability in preliminaries, no mandated recyclability standards for incorporated materials, no enforceable and meaningful green space requirements, no commensurate spot penalties. It’s going to be more of typical Australia; gaming the system while avoiding more actual work. Once consumers are exposed to these costs the bleating will commence: “Nobody told us!” (never mind they could have done their own research) and companies “We need more time to comply, and our struggling customers need a break in government fees”… So we’ll see an uptick in imported materials of alleged but questionable compliance (there will be zero enforceability when breaches are found), and the ongoing waste of recyclable elements will be simply BAU multiplied by population growth increases. |
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#2951 | ||
Donating Member
![]() Join Date: Mar 2007
Location: Heading thru Hell (Corner)
Posts: 8,142
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So, the latest inflation figures (4%) now have economists predicting that the next move by the rba will be an increase to the official cash rate.
Wonder what sort of impact this will have on those already struggling with the cost of living?
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Labels are for jars, not for people. Life is a journey, not a destination. ~~~~~~~~~~~~~~ Daily: 2013 FGII EcoLPi in Winter White Play: 2015 FG X XR8 in Emperor Show' N Shine thread Gone, but not forgotten: 2015 SZII petrol Titanium Territory in Emperor |
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#2952 | ||
Rob
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 21,474
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I'm just a dumb nobody but I fail to see how punishing those that have a mortgage will make any difference to those that are doing the spending.
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UA2 TREND 4WD BI TURBO |
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#2954 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,890
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Goods and services over 6% for the month were Tobacco, Auto Fuel, Insurance and Fin services, Rent, Electricity and Health.
With the exception of tobacco, can't see how a rate rise will affect the others. And why do we even care about tobacco, its not an essential for most consumers. Fees for the other items will naturally level off with or without rate rises IMHO. Things like insurance and health, people will either pay what they have to pay or go without. Looking around, there are still many with cash to splash. Take a walk around the CBD on a weekday lunch time, and all the high end restaurants are chockers. Plenty of new cars on the streets. Plenty of cash for events.
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#2955 | |||
Rob
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 21,474
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Quote:
Like I said above, the ones with money and spending are not the ones being hurt by rate increases.
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UA2 TREND 4WD BI TURBO |
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#2956 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,313
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The idea will eventually be to get rid of the middle class by any means necessary. Thus widening the classes between the ultra rich and poverty classes. Its not a matter of if, but when.
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2957 | ||
FF.Com.Au Hardcore
Join Date: Jan 2007
Location: Port Lincoln, SA
Posts: 5,126
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Received a GOV document yesterday with SA gvernments plans to increase GOV housing closer to adelaide as you can imagine, greater adelaide regions and regonal inc. renmark, millicent, kadina etc. Nothin on the EP. Interesting enough with GOV in the media dismissing the impact of migration a image graph with data taken from BOS 13/06/24 shows overseas growth in 2022 and 2023 at 30-35k previously with numbers between 10-20k.
"As the growth in the supply of new dwellings has not kept up with the demand, housing affordability has continued to worsen for South Australians. During the COVID-19 pandemic years, significant financial incentives and very low interest rates contributed to strong demand and increased competition for housing, which ultimately led to increased housing prices in both the metropolitan area and regional towns. While interest rates have risen in recent years, strong post COVID-19 pandemic population growth has contributed to continued demand and price increases. In the year to December 2023, South Australia’s estimated resident population increased by 30,222 or 1.6 per cent"
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cheers Shaun Current SY FPV F6X Territory #214 Previous FG MkII G6E Turbo built by Heinrichs Performance and Tuning BFII FPV TORNADO #0021 351rwkw - Heinrich Performance and Tuning "Milk is for babies. When you grow up you have to drink beer" - Arnold Schwarzenegger |
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#2958 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,744
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Re tobacco, I don’t know any smokers in Sydney who purchase “legal” tobacco; it’s all chop-chop and Chinese cigarettes. The former is far from the bargain it once was, and quality appears much lower, too.
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#2959 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,026
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The socialist/communist countries tried this and it failed spectacularly. The middle class produces and consumes most of the goods.
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#2960 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,313
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True, but I believe there are bigger fish than the socialist/communist countries wanting rid of the middle class here.
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2961 | ||
Experienced Member
Join Date: Sep 2006
Location: Australasia
Posts: 7,526
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#2962 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,313
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Agreed. But neither socialism or Capitalism will work in the end. The UN will be asked to intervene I reckon. By that time, the world has gone to truly to hell.
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2963 | ||
Experienced Member
Join Date: Sep 2006
Location: Australasia
Posts: 7,526
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#2964 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,313
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It is, but its not what the elites want.
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2965 | ||
WT GT
![]() Join Date: Jan 2006
Location: The GSS
Posts: 17,758
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Lizards?
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#2966 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,040
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Where do we have true capitalism? On either end of the spectrum? Unions of employees are allowed to extort their employers for higher wages, but when businesses band together, that's a cartel and illegal. And on the flipside, when businesses get too big, they are deemed too big to fail and their losses outsourced to the taxpayer.
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#2967 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,744
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#2968 | ||
Regular Member
Join Date: Jan 2014
Posts: 368
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OK, as long as there is economic growth manifesting itself in increased profit in listed entities. It is notable that in many cases the increase in profit is achieved through reduced consumer choice, just in time stocking, apparent reduction in quality of stock items (eg. Bunnings), and cost cutting, services replaced by consumer DIY/online activity.
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