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Dan Hunter

๐Ÿ‘ค Speaker
74 total appearances

Appearances Over Time

Podcast Appearances

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

They don't want to leave Sydney because they're worried, A, about the cost of fuel, but also about whether they can get fuel in those regional towns.

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

And so we have literally got in that sort of tourism space, in that regional space, we've got thousands of people that would normally be migrating to

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

at the moment with their caravans towards northern Queensland and across to the territory that haven't gone this year.

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

So the caravan parks are empty, the cafes aren't getting the business, the restaurants aren't getting the business, and it's really, really hurting those regional economies.

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

Yeah, that's right.

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

We saw that in the Easter period around Sydney with the stats we were seeing from our tourism providers, where basically anyone within a short freeway drive

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

didney uh say under two hours uh and close to the freeway was still still getting businesses still getting propped up but as soon as uh any of those tourist destinations that were a bit further off the map or a bit further afield from those metro areas they saw a lot of cancelled bookings

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

And you're dead right that the farmers are kind of hunkering down a bit because, and farmers are very good at this because they go through the feast and famine and cycles and things like that.

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

And they know they're going into a tough period of fuel and possibly drought in some areas too.

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

So they're hunkering down and not spending.

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

The tourists aren't coming.

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

And we've always had in our regional economies in Australia,

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

I guess, more of a reliance on fuel than we do in the cities.

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

It's exacerbated there, if you like, this fuel crisis.

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

And our fear is that those regional businesses are really getting hit hard and some of them won't survive and won't ever come back.

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

Look, I think small business is the heart and soul of the Australian economy.

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

And one thing they can do is reduce government spending.

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

We know it's too high.

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

It's nudging 27% now of GDP.

The Briefing
Famous author pleads guilty + RBA raises rate to 4.35%

It should be down around 25%.