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  • Direct link to the report

    Some interesting findings:

    • As of the first quarter of 2023, there were 32,033 active short-term rental accommodation (STRA) listings for 19,773 active STRA dwellings, of which 11,193 dwellings were estimated to be used for STRA on a permanent basis.
    • Permanent STRA dwellings account for less than 1% of the total dwelling stock in Queensland.
    • The availability of active entire-home STRA, on average, is about 80% on a quarterly basis, with an average utilisation rate of 60% for apartments and 50% for houses.
    • The average revenue per available STRA dwelling has a strong seasonal dynamic closely tied to holiday periods.
    • Active entire-home STRA are comparable to hotel accommodations in terms of occupancy and profitability, suggesting a strong financial incentive attached to the STRA business in Queensland.
    • A clear benefit of STRA goes to landlords who can now more effectively diversify into the short-term rental market.
    • Benefits also accrue to travellers, who now potentially have a greater choice of rental accommodation that may also be more affordable and better suited to their needs.
    • More accommodation options might facilitate more visitors or potential longer stays in a region creating larger economic benefits.
    • It is noted that not all travellers using STRA are tourists. Other important categories of users include people staying near hospitals for medical treatments, people relocating from interstate or overseas, and workers on temporary job assignments.
    • STRA offer local residents a form of home business to assist with housing cost. This is particularly true of hosted stays.
    • STRA have been shown to support additional small business, particularly those offering services to short-stay visitors such as cafes, restaurants, laundromats, convenience stores, etc.
    • STRA-related businesses may also support entrepreneurial activities in regions with historically fewer such opportunities.
    • Neighbourhood change related to STRA may also displace businesses catering to longer-stay residents. These may include car repair services, dental clinics, and other services that short-stay visitors are unlikely to use.
    • There is international evidence to suggest that STRA impacts hotel performance. However, higher quality hotels and chain hotels are found to be less affected by STRA.

    As for the impact on renting and rental affordability:

    • STRA is a small contributor in explaining rent prices. The contribution typically in the range of 0.2% – 0.5% from an increase of 10% in the total number of STRA total listings, else equal.
    • Dwelling stocks are a significant contributor in explaining rent prices. The contribution of a 10% increase in the overall stock of dwellings is expected on average to lead to a decreased in rent prices in the range of 1% to 2%, else equal.

    One aspect that I would have liked to have seen investigated is the impact STRAs have had on rental supply. The research seems to downplay the impact on overall dwelling supply, explaining that STRAs are less than 1% of total stock, but there was no review on whether STRAs have removed dwelling supply that would have otherwise belonged to the long-term market. We know that there are approximately 31,000 QLD households on the public housing waitlist, so having 20,000 dwellings used for STRAs instead of long-term rentals is a factor worth investigating, but this is not explored in the research.

  • There's a lot of FUD with this news, but it needs some facts to determine the impact.

    1. This is a ban on work use, not personal use.
    2. The central government already had restrictions in place since 2020. Since the start of 2020, Apple's share price has grown 120%.
    3. Apple's share of the Chinese market is only 18%
    4. The "economically active" population of China is 780m and only 56m (7.2%) work in state-owned organisations [Gov metrics].

    And this is why's Apple's share price has only gone down by 5%, losing only 2 weeks of gains.

  • The FY2024 numbers would only be the average prices during July - August 2023. We still have 10 months of price movements for the 2024 numbers to be the final results and this Summer is probably going be hit with a lot of energy usage from air conditioning...

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  • It's fairly obvious that you haven't read the document and are just trying to test whether I have done the same.

    Page 241 details the 3 co-design groups as follows:

    1. The National Group
    2. The Local & Regional Group
    3. The Senior Advisory Group

    The Senior Advisory Group membership (p241):
    The Minister will invite individuals to participate in the Senior Advisory Group. The Senior Advisory Group will include 2 co-chairs, Professor Tom Calma AO and Professor Dr Marcia Langton AM. The Senior Advisory Group will comprise around
    20 members as determined by the Minister. The Senior Advisory Group will have a majority of Indigenous Australians who have a spread of skills and experience, and those with extensive experience and ability to work strategically across the co-design process. Consideration will also be given to achieving a balance of: gender; representation across jurisdictions; and the
    urban, regional and remote spectrum, as much as possible.

    The National Group membership (p244):
    The Minister will invite individuals to participate in the National Group, following consultation with the Senior Advisory Group, and appoint a co-chair from among the Indigenous non-government members. The second co-chair will be a senior official from the NIAA. The 2 co-chairs will also be key contacts and representatives for the National Group. They will lead engagement with the Senior Advisory Group and Local & Regional Group, Minister and the Government at key points, as required.

    The Local & Regional Group membership (p246):
    The Minister will invite individuals to participate in the Local & Regional Group, following consultation with the Senior Advisory Group, and appoint a co-chair from among Indigenous non-government members. The second co-chair will be a senior official from the NIAA.

    Facilitate: https://www.merriam-webster.com/dictionary/facilitate
    As defined in the details of each co-design group:
    All secretariat, logistical and administrative support will be provided by NIAA. This will include planning, logistics, travel arrangements and meeting support.
    The co-chair for each group is a senior official from the NIAA.
    Each group can request technical assistance, if needed, through the NIAA.

    More details on how the groups operated, their purpose, activities, scope, timeframes, as established by the NIAA's process is defined in pages 241-247.

    If you don't understand all of the above to be the definition of the word "facilitated", it brings into question whether you would under the wording of the Voice's proposed constitutional amendment.

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  • Probably the worst case for No voters is that the Voice becomes a platform to push for reparations, whereby Australians are expected to pay a tax for events that occurred before they were born or arrived in the country.

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  • The NIAA facilitated the entire Voice referendum proposal to the government, as detailed in their 272-page report in July 2021.
    This process, run by the NIAA, involved 115 community consultation sessions in 67 communities and more than 120 stakeholder meetings around the country with over 9,400 people and organisations participating in the consultation process led by NIAA co-design members.

    Are you suggesting that this was a waste of taxpayer dollars and "just another example of white people making decisions on behalf of black people"?

  • The official booklet provides a summary of the main points for both sides, each given 5 pages. That said, there has been a lot of criticism about how these points have been explained and published, so it's not a perfectly balanced explanation from either side, but it's a start.
    https://www.aec.gov.au/referendums/files/pamphlet/referendum-booklet.pdf

    As you can see from comments, if you try to offer any considerations about the No side, someone from the Yes side will call you a racist.

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  • Indigenous Australians already have The National Indigenous Australians Agency (NIAA), employing 1,023 full time staff and a budget of $285M each year specifically for the purpose to "lead and influence change across government to ensure Aboriginal and Torres Strait Islander peoples have a say in the decisions that affect them."
    The very detailed annual reports and corporate plans define their activities, plans, and successes fairly well: https://www.niaa.gov.au/who-we-are/accountability-and-reporting

    Can we accept that this agency is providing equal (if not more) access to the same opportunities?

  • In first world countries, wages do not influence susceptibility to bribery.

    In high-income countries, petty corruption is less common because wages are above subsistence level. Corruption in these countries, if present, involves more secret deals, brings about larger payoffs, and is more difficult to detect. Government wages will arguably be less effective to combat the latter form of corruption.
    https://cepr.org/voxeu/columns/higher-government-wages-may-reduce-corruption

  • If it was Russia, a possible motive would be so that they frame the US for blowing it up in the hope that Europe would then blame the US for destroying the supply of gas to Europe. One of the biggest goals of Russia's disinformation campaigns is to hurt relations between the US and Europe by portraying the US as the bad guy.

  • It it incorrect to state that voters don't have a choice. The barriers are high to make radical change at the Federal level, sure, but that doesn't mean that it cannot be done. One of the biggest problems is disenfranchisement and disengagement. People feel like they cannot make any change so they believe that the system is broken, but for all of the talk about politics, very few people actually vote in all of the possible elections.

    Here's an example of US voting in action...

    The 2022 Dallas County elections covered a population of about 2.8 million residents in a large urban area, yet voter turnout was only 218,000 residents (7.8% of the population).
    The county level of government manages a significant part of daily life for residents (e.g. police, utilities, public education, roads) yet the resident population seems disinterested with guiding local government. If you look at the election records, some roles voted into power are not even contested.
    https://www.dallascountyvotes.org/election-results-and-maps/election-results/historical-election-results/#Election

    If one wanted to run for office, the requirements at county levels are fairly simple. Fill in some forms, be a resident in the country for 6 months (12 months in the state), and you might need to arrange for 25 people to sign a petition for your nomination. That's it. You don't need to be a Democrat or a Republican - you just need the nomination.
    https://www.sos.state.tx.us/elections/candidates/guide/2022/qualifications2022.shtml

    And if you need more convincing about how easy it could be to make a change in local politics, meet the animal opponents: https://www.insider.com/dog-mayors-of-america-2019-7

  • Ok - here's what it looks like if you were to group the GDP of each country into regions. If we group all of the regular trading partners and allies into "The West", they comprise 58% of global GDP. BRICS and the 137 other countries would be 41%.
    https://www.worldometers.info/gdp/gdp-by-country/

  • You know you can follow the tweet to learn more about the author, right?

    That "random person" is Trisha Greenhalgh - Professor of Primary Care Health Sciences at the University of Oxford.

    Here's an excerpt from her Oxford Uni profile:
    Trish is the author of over 400 peer-reviewed publications and 16 textbooks. She was awarded the OBE for Services to Medicine by Her Majesty the Queen in 2001, made a Fellow of the UK Academy of Medical Sciences in 2014, and elected an International Fellow of the US Academy of Medicine in 2021. She is also a Fellow of the UK Royal College of Physicians, Royal College of General Practitioners, Faculty of Clinical Informatics and Faculty of Public Health.
    https://www.phc.ox.ac.uk/team/trish-greenhalgh

    Her Google Scholar profile shows that her work has been cited almost 95,000 times in other research papers.
    https://scholar.google.co.uk/citations?sortby=pubdate&hl=en&user=8KQwEGcAAAAJ&viewop=listworks

  • I'm not sure that they ever had any data because the data would probably suggest that management had the lowest productivity out of any employee. Middle management is filled with too many meetings, they're all promoted to a level of incompetency, and have delusions that they contribute more towards the success of the business than the skilled people below them.