A bubble is about to burst in a small Queensland town, and it is the latest sign of the economic crisis that is sweeping the country.
Key points:Bubbles are starting to form in the city of Krog Street, and in nearby towns of Pupilahoe, Kogga and Krog St.
Johnstone’s LNP has been accused of having a political agenda for the regionThe LNP wants to turn Krog street into a “mini-Bubble City” and is using the issue as a political wedge against the LNP The LNP is hoping the issue will be used against the Government in the upcoming Queensland election The bubble has started in the town of Kogsta, a sleepy town of 2,000 in the north of Queensland.
“We’re now seeing bubbles forming in the local area and in the surrounding areas,” said a spokeswoman for the Kogganis Krog Neighbourhood Council.
“Some of these bubbles are in the community of Kegga and in other communities that have been hit by the crisis.”
The bubbles are spreading like a virus and people are now coming to the councils advice centres to tell us they have seen bubbles forming at their properties.
“In Pupiahoe they’ve had a similar issue in recent days.”
A spokeswoman for Prime Minister Malcolm Turnbull said the Government was aware of the situation and was “taking all appropriate steps to minimise the impact on people’s lives”.
“The Government is committed to ensuring people’s wellbeing is a top priority, and we have been working with community groups to try and help address the issues in this region,” she said.
“As the crisis unfolds, the Government will be providing support and advice to local authorities to help address any problems in their communities.”
Our priority is to ensure everyone’s wellbeing and wellbeing is protected.
“But the bubble is also causing controversy in Krog, where some residents have reported experiencing a lack of electricity and running water.
The town’s mayor, Mike Thangarach, said the local government had been contacted by people worried about the effects on their water supply.”
They are asking, ‘Is this a bubble or not?’
We’ve got no idea,” he said.
Topics:election,government-and-politics,economic-trends,government,political-parties,qld,australiaMore stories from Queensland
Written By
When a company sells a stock in its new business, it is called an IPO.But what if the company didn't want to, and didn't have to?What if the founders had to?It's a big question in a small business, and the answer is, "You bet."In that sense, Evergreen Market is an example of how a startup can become a real estate company, in a way.It's a stock that is bought and sold on the internet.But it's also ...
MarketWatch.com/sales: Australian shares will reach a record high of $3.10 on Thursday after a big run in July.The Dow Jones Industrial Average is expected to finish at 24,867.00, up 0.2 per cent.While this is a record for the index, it is far from a fluke.There ha...
The Housing Market in the United States has been a hot topic in the past year, and the answer to that question has finally come into focus.The US Census Bureau announced in April that the country had one of the most expensive housing markets in the world, according...
The stock market in the European Union crashed last week to a new low after a Greek government official said it would impose a two-year tax on shares traded by foreigners and Greek businesses.The Greek government on Thursday also announced that it would require all...