He said immigration is 400k-500k over the next few years. Incorrect data. 400-500k each year so 800-1000k

@sensaznal

9 ай бұрын

More as 1 skilled migrant bring in 4 unskilled family migrant.

Wow, almost as if housing wasn't a commodity... How overseas companies and countries are able to purchase homes as investments... How a Prince from Qatar can own an entire street and leave them vacant...

I can't afford to feed my kids on a miners wage. Saving money for a deposit is no longer an option. Money goes in, money goes out . Inflation has destroyed my purchasing power. Owning a house is just a dream for most milleniuals

It is only going to get worse. Governments keep serving big business with high migration tipping the balance between supply and demand further and supressing organic wage growth. Until we stop voting for the same old party's nothing will change.

No urgency to fix by those in government... I guess close to 2k people going homeless each month in Australia, the only choices to the youth being a renter or debt slave for life and middle class disappearing is acceptable in this day and age...

Worst time ever not in 30 years !!!

@joebloggs6131

11 ай бұрын

But the Boomers say they "Paid 18% interest p.a. (on $50K to $100K loans)". How shocking!

When voting do not use the pencils they provide TAKE YOUR OWN PEN!!!!!!

should have be Australian citizen to own a home and only allowed 1 house at a time

@aulzhoefer

11 ай бұрын

Wow what a brilliant solution .. and where would the rentals come from?

Perth 2 bedroom units under $200k, oh really, where ? I look but cannot find any.

Mass immigration is the cause , but government don't care . No one protesting . Councils rake in rates , government with stamp duty , body corparate fees . Pay rent to a land lord or pay rent to the council for owning a home . I don't see any protests .

@k.b4273

11 ай бұрын

Not a problem, put the call out I will get out into the streets and scream "What do we want to stop non citizens buying homes, when do we want it NOW!, Stop the immigration" We need to gather momentum and put the word out for each state to rally.

@baits9301

11 ай бұрын

@@k.b4273 It's going to become like USA and Canada were big corp buy out new estates and apartment building , and citizens pay high rents to big corp . Guess who the share holders will be , the polies .

He talks about housing being cheaper in the early nineties, so were our hourly rates. He left that bit out.

@Tarotjackpot

11 ай бұрын

I wonder what the rates of immigration was in the 90s Maybe the amount of short term housing - which probably didn’t exist

@Thebaneo123

11 ай бұрын

Affordability figures incorporate household income.

@proudpict2057

11 ай бұрын

@@Thebaneo123 Cost of living was the same. Fuel was cheaper, mobile phone costs could be $1.70 per minute at peak rates, a text message was 25cents a pop. He talks of affordable housing in Perth at 250k, that’s 4 or 5 years salary, I paid 120k for my first home on 40k a year in 98 Lots of overtime and lifestyle sacrifices. It’s apples for apples. The difference today, is people want it for almost nothing without putting in the hard work or giving up some lifestyle choices to get themselves ahead. It’s easier to blame and play victim rather than have a go.

@Thebaneo123

11 ай бұрын

@@proudpict2057 I dont know what the property market is like in Perth but $250k sounds ridiculously cheap for a house. In the Eastern states, in Metro areas, you are talking ~9 times household income for an average house, with the cost of living for everything else ludicrously higher than it was in the 90's as a % of household income. Sure people might want it all but at the end of the day 9 times household income for an average house puts us right at the top, as the most unaffordable property market in the world and we have been there for many years now. Hopefully the interest rate hikes cause a huge crash and everyone that has participated in this farce by borrowing excessive amounts to purchase overpriced properties get wiped out and sanity can be restored.

@joebloggs6131

11 ай бұрын

Even with the rates, 2-3 years of equivalent fulltime wage was enough to pay it off. Now it's closer to 10. Of course the pittence per hour in the 90's made housing unaffordable. Sheesh if I was of legal working age back then I would have got three houses!

Is it still a supply issue without speculators though? Anyone who's priced out of a home should be fighting to kick investors out of the market!!

Really like how US works with fixed interest rate throughout … at least it is predictable

This man is from Mars 😂

As a mortgage broker trying to get a deposit for first time buyers is definitely tougher. However there’s First Home Guarantee schemes available. I’m seeing lots more deposits being boosted by family helping kids enter the property market. Guarantors loans also another popular options I am seeing.

Noticed another homeless person in their car at my local ramp.

@joebloggs6131

11 ай бұрын

Yep! Average at least six other vehicles at my local rest area.

In Australia at each election cycle, people only have a choice between ineptitude and incompetence when it comes to political parties. Australia is a first world country with a third world political landscape.

It os never good. Thats why there is only 30% ownership on Australia.

@baits9301

11 ай бұрын

Third world countries have higher home ownership .

And being a landlord is horrible also…!

@joebloggs6131

11 ай бұрын

How horrible. The bank loaned you the money to buy an additional asset than what you actually need, then you get to charge people that occupy that asset that was superfluous to your needs. You then object that any money that you make goes to the bank that purchased that asset but let you run it, and you can't make a full living off the bank's money that the tenants fund? Must be such a difficult life and the struggle is real 😂

Our DH Government really have control of this one...

So housing affordability was good in 1999... Under John Howard... 😂

@deanhays6115

11 ай бұрын

Where were you living of course it was We now at the equivalent of Hawke Keating era high unemployment construction industry on the verge of collapse Recession we had to have and 18 percent interest rates Now we have another radical left government even more damaging than whitlam hawke keating rudd Gillard

It may be, but you can’t get a place to rent either

I note he compares to the US avoiding the truth oh and Europe now lets look at the UK. Canada. Newzealand there in the the same boat as us in Australia more main streem media crap dont look here look over there. Contempt

Useless builders and red tape are to blame.

❤❤❤

@HellHound.933

11 ай бұрын

Another BOT.

@fuzzylogic8573

11 ай бұрын

​@@HellHound.933needs 50c for bat soup.

Nope. Rents are good. Rates are below historical levels. Vacancy rates are low. You can pick your tenants. Prices have dropped and stabilised since the rate rises. I think it is a reasonable time to buy investment property.

Thanks to albanese and his open border… !!! how you even have houses affordable if more people coming and living in australia…

@aulzhoefer

11 ай бұрын

Albo is a genius!

Yea everyone can eat cake and live in a cardboard box

VEEEEEEENTIN IN A SAAAAAAAAAAAAFE HOOOOOOOOUUUSE