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Mortgage Belt
The Mortgage belt is a term used in Australian politics to signify residential suburbs which have a high concentration of families mortgaging their homes. Often the belt covers areas where homes could be considered more affordable yet the cost of servicing the mortgage loan represents a high proportion of the families' available income. Changes to cost of servicing a mortgage, seen through interest rate fluctuations, can trigger widespread satisfaction or dissatisfaction towards the government of the day. In the 2004 federal election, the media played up the narrative the mortgage belt voted highly in favour of the Coalition, in fear that economic management under the Australian Labor Party could increase interest rates. The Coalition ran a fear campaign on the issue and this became one of the keystones which helped it win a successive fourth term. However, it is generally agreed that governments have little control over interest rates, which are set by the Reserve Bank of Aust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Politics Of Australia
The politics of Australia take place within the framework of a federal parliamentary constitutional monarchy. Australia has maintained a stable liberal democratic political system under its Constitution, one of the world's oldest, since Federation in 1901. Australia is the world's sixth oldest continuous democracy and largely operates as a two-party system in which voting is compulsory. Australia is also a federation, where power is divided between the federal government and the states and territories. The federal government is separated into three branches: File:Au_gov_chart.svg, center, 640px, Structure of the Government of Australia, alt=A high level diagram of the structure of the Government of Australia, the three branches, legislative, executive, and judicial. rect 575 6 1175 56 Constitution of Australia rect 575 191 1175 241 Governor General of Australia rect 125 341 425 391 Legislative Branch rect 725 341 1025 391 Executive Branch rect 1325 341 1625 391 Jud ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Latham
Mark William Latham (born 28 February 1961) is an Australian politician and media commentator, currently serving as a member in the New South Wales Legislative Council. He previously served as the leader of the Australian Labor Party (ALP) and leader of the opposition from December 2003 to January 2005, leading the party to defeat at the 2004 federal election. Latham was born in Sydney and studied economics at the University of Sydney. He joined the Labor Party at a young age and worked as a research assistant to Gough Whitlam and Bob Carr. He was elected to the Liverpool City Council in 1987 and became mayor in 1991. Latham entered the House of Representatives by winning the seat of Werriwa at the 1994 Werriwa by-election. He was included in Labor's shadow cabinet after the 1996 federal election, but left the frontbench in 1998 following a dispute with the party leader, Kim Beazley. He returned to the shadow cabinet in 2001, when Simon Crean became leader. Latham becam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Terminology In Australia
Politics (from , ) is the set of activities that are associated with making decisions in groups, or other forms of power relations among individuals, such as the distribution of resources or status. The branch of social science that studies politics and government is referred to as political science. It may be used positively in the context of a "political solution" which is compromising and nonviolent, or descriptively as "the art or science of government", but also often carries a negative connotation.. The concept has been defined in various ways, and different approaches have fundamentally differing views on whether it should be used extensively or limitedly, empirically or normatively, and on whether conflict or co-operation is more essential to it. A variety of methods are deployed in politics, which include promoting one's own political views among people, negotiation with other political subjects, making laws, and exercising internal and external force, including war ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swing Voter
A swing vote is a vote that is seen as potentially going to any of a number of candidates in an election, or, in a two-party system, may go to either of the two dominant political parties. Such votes are usually sought after in election campaigns, since they can play a big role in determining the outcome. A swing voter or floating voter is a voter who may not be affiliated with a particular political party (Independent) or who will vote across party lines. In American politics, many centrists, liberal Republicans, and conservative Democrats are considered "swing voters" since their voting patterns cannot be predicted with certainty. While the swing voter is ostensibly the target of most political activity during elections, another factor is the success of each party in rallying its core support. In a two-party system, those who become disillusioned with their once-favored party are more likely to vote third-party or abstain than cross over. Smaller groups that use voting to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand Property Bubble
The property bubble in New Zealand is a major national economic and social issue. Since the early 1990s, house prices in New Zealand have risen considerably faster than incomes, putting increasing pressure on public housing providers as fewer households have access to housing on the private market. The property bubble has produced significant impacts on inequality in New Zealand, which now has one of the highest homelessness rate in the OECD and a record-high waiting list for public housing. Government policies have attempted to address the crisis since 2013, but have produced limited impacts to reduce prices or increase the supply of affordable housing. However, prices started falling in 2022 in response to tightening of mortgage availability and supply increasing. Some areas saw drops as high as around 9% - albeit from very high prices. Background A house price bubble is defined by economist Joseph Stiglitz as a period of speculative purchases, where investors demonstrate wil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Property Bubble
The Australian property bubble is the economic theory that the Australian property market has become or is becoming significantly overpriced and due for a significant downturn (also called a correction or collapse). Since the early 2010s, various commentators, including one Treasury official, have claimed the Australian property market is in a significant bubble. Various industry professionals have argued that it is not a bubble and that house prices have the potential to keep rising in line with income growth. The RBA believe that most of the recent rise in property prices since the 1980s, when interest rates have decreased from medium term record highs to record lows, as a transmission mechanism to generate the wealth effect and stimulate the economy. A property bubble is a form of economic bubble normally characterised by a rapid increase in market prices of real property until they reach unsustainable levels relative to incomes and rents, and then decline. Australian house p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island country by area, covering . New Zealand is about east of Australia across the Tasman Sea and south of the islands of New Caledonia, Fiji, and Tonga. The country's varied topography and sharp mountain peaks, including the Southern Alps, owe much to tectonic uplift and volcanic eruptions. New Zealand's capital city is Wellington, and its most populous city is Auckland. The islands of New Zealand were the last large habitable land to be settled by humans. Between about 1280 and 1350, Polynesians began to settle in the islands and then developed a distinctive Māori culture. In 1642, the Dutch explorer Abel Tasman became the first European to sight and record New Zealand. In 1840, representatives of the United Kingdom and Māori chiefs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1996 Australian Federal Election
The 1996 Australian federal election was held to determine the members of the 38th Parliament of Australia. It was held on 2 March 1996. All 148 seats of the House of Representatives and 40 seats of the 76-seat Senate were up for election. The centre-right Liberal/National Coalition led by Opposition Leader John Howard of the Liberal Party and coalition partner Tim Fischer of the National Party defeated the incumbent centre-left Australian Labor Party government led by Prime Minister Paul Keating in a landslide victory. The election marked the end of the 5-term, 13-year Hawke-Keating Government that began in 1983. Howard was sworn in as the new Prime Minister of Australia on 11 March 1996, along with the First Howard Ministry. This election was the start of the 11-year Howard Government; the Labor party would spend this period in opposition and would not return to government until the 2007 election. This was the first federal election that future Prime Minister Ton ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2007 Australian Federal Election
The 2007 Australian federal election was held in Australia on 24 November 2007. All 150 seats in the Australian House of Representatives, House of Representatives and 40 of the seats in the 76-member Australian Senate, Senate were up for election. The election featured a 39-day campaign, with 13.6 million Australians enrolled to vote. The centre-left Australian Labor Party Opposition (Australia), opposition, led by Kevin Rudd and deputy leader Julia Gillard, defeated the incumbent centre-right Coalition (Australia), Coalition government, led by Liberal Party of Australia, Liberal Party leader and Prime Minister, John Howard, and National Party of Australia, Nationals leader and Deputy Prime Minister, Mark Vaile, by a Landslide victory, landslide. The election marked the end of the 11 year Howard Liberal-National Coalition government that had been in power since the 1996 Australian federal election, 1996 election. This election also marked the start of the six-year Rudd-Gil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leadership
Leadership, both as a research area and as a practical skill, encompasses the ability of an individual, group or organization to "lead", influence or guide other individuals, teams, or entire organizations. The word "leadership" often gets viewed as a contested term. Specialist literature debates various viewpoints on the concept, sometimes contrasting Eastern and Western approaches to leadership, and also (within the West) North American versus European approaches. U.S. academic environments define leadership as "a process of social influence in which a person can enlist the aid and support of others in the accomplishment of a common and ethical task". Basically, leadership can be defined as an influential power-relationship in which the power of one party (the "leader") promotes movement/change in others (the "followers"). Some have challenged the more traditional managerial views of leadership (which portray leadership as something possessed or owned by one individu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgage Loan
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property (" foreclosure" or " repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electoral Studies
''Electoral Studies'' is an international bi-monthly peer-reviewed academic journal dedicated to the study of elections and voting. It was first established in 1982 by David Butler (Nuffield College, Oxford) and Bo Särlvik (University of Essex) and is widely recognised as a major journal in the field of political science. It is housed at Royal Holloway, University of London and is published by Elsevier (formerly Butterworths and Butterworth-Heinemann). The current editors-in-chief as of January 2018 are Oliver Heath (Royal Holloway, University of London) and Kaat Smets (Royal Holloway, University of London) and the former long-standing editors-in-chief were Harold Clarke (University of Texas at Dallas) and Geoffrey Evans (Nuffield College, Oxford). According to the '' Journal Citation Reports'', the journal has a 2020 impact factor of 2.070, ranking it 88th out of 182 journals in the category "Political Science". According to Google Scholar Metrics, the journal has an h-index of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
