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Full employment, minimum wage set to rise, but locals still feeling the pinch!

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Warning: This article does not come with the usual bells, whistles and Christmas cheer you would expect at this time of the year.

Last week we asked our readers to take part in our Killarney Town Pulse Survey. We wanted to get a better understanding of local consumer sentiment and to get an snapshot of other issues impacting our standard of living. See a summary of our findings below.

Analysis

So, jobs are aplenty, the minimum wage is set to increase in 2024 and yet according to our findings, locals are not too optimistic about the year ahead.

Just 1 in 10 people reported that they are better off now than they were a year ago. Only 16% expect the economy to be in a better place this time next year and there seems to be widespread dissatisfaction with how the government are tackling key issues affecting our standard of living.

Hasn’t everything gone so expensive?

If I got a euro for every time I heard this the over the past 12 months I certainly wouldn’t be feeling the pinch myself! Generally speaking, people do not like to talk about their personal finances but people’s behaviour is changing under the current climate. We are so frustrated with the cost of everything we are venting at home, in the office, and even while out for dinner with friends. It is not a dig at local business, I know plenty of small businesses struggling to keep their heads above water too.

Inflation is a concern but the real worry is where prices will land

Consumers and businesses are dealing with higher interest rates that have come as a result of the Central Bank trying to tame inflation. Loan products such as mortgages and car loans are more expensive. The noise coming from these issues alone is enough to drown out any positive aspects of the economy.

Stubbornly high inflation is a concern for policy makers, but for the average Joe, we are more concerned about where prices will eventually fall back to. We can deal with some short term pain but with inflation stabilising and some early signs it may even be falling, a large percentage of our survey respondents expect prices to continue to rise. This is backed up by many economists predicting prices will never return to what they were.

It’s not clear how much wage increases have played into higher prices up to now but there is a general consensus that where business margins are tight, higher wages for workers will lead to sustained higher prices for consumers 

Government is failing on issues impacting our standard of living

Research published by the National Youth Council of Ireland last week showed that more than 7 in 10 young people aged 18-24 are considering moving abroad because they think they would enjoy a better quality of life elsewhere. We asked a similar question to locals in our survey and more than 50% of Killarney locals said that either they, or someone they know, is considering moving abroad. This is a sad indictment of our country today.

The pace of housing delivery is dampening young people’s hopes of owning their own home and is even making renting unaffordable. It is not just impacting the youth however, I know of business owners in Killarney where housing shortages are impacting their ability to attract and retain talent, Businesses can’t afford to pay them a wage that allows them to comfortably rent and live in Killarney.  

At the start of September we were reading about a major teacher shortage across the country. Graduate múinteoirí are now ditching Ireland for the Middle-East where their accommodation is often subsidised and their take-home-pay benefits from a largely tax-free society. 

This Wednesday we witnessed a staff walk out at UHK in protest of a recruitment ban in place by the HSE. Reports claim that there are over 90 clerical positions waiting to be filled at the hospital. It is no wonder with all of these added pressures that our nurses and doctors are heading Down Under for warmer weather and better pay and while you couldn’t begrudge them, the drain of health workers in Ireland is leaving those left behind working in stressful and sometimes dangerous conditions.  

It’s the uncertainty

The economy is in a strange place at the moment, we are not sure if it is growing, slowing or shrinking. It kind of feels like we are dangling off the edge of a cliff and one big gust of wind could  push us over the edge. The preferred outcome is that we will be pulled back to safer ground but can this government gets to grips with the major issues impacting our standard of living and get the cost of living down to a more tolerable level?

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Gleeson Dental now offering facial aesthetics

Gleeson Dental, located on St Anthony’s Place, is now offering facial aesthetics. It is the latest offering from the town centre practice. Dr Susan Gleeson graduated as a general dental […]

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Gleeson Dental, located on St Anthony’s Place, is now offering facial aesthetics.

It is the latest offering from the town centre practice.

Dr Susan Gleeson graduated as a general dental surgeon 27 years ago.

She previously worked in England and Cork before returning home to Killarney in 2009 to take over her father’s dental practice with her sister Katie.

“More recently, I decided to pursue my keen interest in facial aesthetics. Hence, I embarked on an intensive training course,” she told the Killareny Advertiser.
“This mentorship is under the guidance of Dr Sheila Li, a Harley Street based dentist with over 10 years’ experience in facial aesthetics. Every year following an interview process, Sheila takes on six trainees and I was lucky enough to get this amazing training opportunity.”
The course is a year-long process involving in-depth learning and hands-on clinical training days in Dr Sheila’s Harley Street clinic.
The course, also, extends to treatment planning cases with Dr Sheila, thus allowing access to her vast knowledge when planning treatments for Dr Gleeson’s patients.
“Therefore, I am now able to offer a vast array of facial aesthetic treatments at Gleeson Dental. These treatments include the use of Botox to reduce the appearance of fine lines and wrinkles. In addition to this, Botox has a wide range of additional applications, including the treatment of tooth grinding, headaches, gummy smiles, neck bands and excessive underarm sweating,” she added.
Dermal filler treatments are, also, available to treat issues related to volume loss while skin booster treatments such as Sunekos and Profhilo can be used to regenerate and rehydrate tired looking skin.
Facial aesthetics may conjure up images of over-filled expressionless people but Susan hopes to change people’s view of it.

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Killarney postcode V93 home to the county’s most-expensive properties

With properties both for rent and for sale in short supply, prices in the Killarney area have remained strong. In fact, houses with the V93 eircode were, once again, the […]

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With properties both for rent and for sale in short supply, prices in the Killarney area have remained strong.

In fact, houses with the V93 eircode were, once again, the most expensive homes in Kerry over the past 12 months according to data published by the CSO Residential Property Price Index. The report shows that in the year to December 2023, the average cost of buying a home in Kerry was €242,000 up 5% from the previous year’s figure of €230,000
Nationally that figure now stands at €327,000.
The average house price within the V93 eircode region was €284,000, 17% approx. above the average price for a home within the county.
With supply levels at an all time low and with very little new construction in the pipeline, there is little sign of this changing in the immediate term.

Commenting on the market, Ted Healy of DNG, has expressed concern with the low volume of properties available for sale at present.
‘We have lots of interested buyers seeking property in the Killarney area but unfortunately, we cannot satisfy the demand at present. The past 12 months has seen us securing sales in record time for record levels.”

DNG Ted Healy will be launching a new development of townhouses in the Woodlawn area to the market in the coming months and report that demand is exceptionally high.
The expect these properties to sell out in record time.
And with construction due to commence shortly on another scheme of detached houses on Muckross Road, it is looking like a busy year ahead.
However, this will not be enough to satisfy the demand at present. Properties within the V93 area are highly sought after and in very short supply, resulting in strong prices being achieved.
So is now a good time to sell your property? Yes, according to DNG Ted Healy who is actively seeking properties for sale to satisfy their ever expanding list of buyers.

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