“The shame of mass immigration in a time of homelessness!” Would have been more appropriate 👍🏼

@KOGitnow

Ай бұрын

It is an issue for sure, but why are not more developers held to account when they deliberately land bank to create artificial scarcity, then claim its all gov red tape causing the supply shortage. It’s as much of the problem as the migration level issues.

@niceworkabc

Ай бұрын

💯. 1 million people, in 2 years, into a country of only 26 million people is criminal.

I am personally aware of a family of three living across two five bedroom houses in Melbourne while holding three purposely empty properties in Canberra. Make no mistake this is deliberate, malicious, and subsidised by the government...

Australia, the money launderers paradise. How does an honest hard working Australian compete with this?

More rate rises won't stop inflation, and here's why (Alan Kohler, ABCNews). Summary: Nearly 3 times as many Airbnb's etc as there are vacant rental properties.....Applauding Victoria out of the gates and hoping it goes national so it can't be shut down. Otherwise we will see Crown Land is not worth the maps it's written on, if we can't unleash the productivity of it, past valuations. USA is currently shucking a lot out of their greed.

@leonie563

Ай бұрын

🇨🇳 buyers like property new & left vacant, it's a cultural thing as capital gain is the prize. We need to stop just taxing that behaviour/intent and have policy responses beyond what we using now. $2,000 tax won't shift the dial if that property is going up $50k a year. Use it or lose it policies needs to come into view.

I always remember the scene in Charles Dickens book a tale of two cities, where the rich and powerful in France looked down on the poor and homeless and then later in the book the environment completely changes where they are now the hunted and been killed by the guillotine to the chants of the mob. The rich and powerful should respect history and be very concerned about the great divide between the haves and have nots. Emotions and anger is rising fast and it must go somewhere soon.

@leonie563

Ай бұрын

Little Dorrit - RENT (snort), RENT (snort), let's be haven it!

@tbone5654

Ай бұрын

The elite are hunted when the poor are starving. Australia's poor largely have an obesity problem......

@tahliamobile

29 күн бұрын

The pitchforks are coming

@tbone5654

29 күн бұрын

@@tahliamobile lol. The pitchforks come when people begin to starve on mass, Australia has an obesity problem. Fat chance of the pitchforks.

Sometimes there are good reasons a property is untenanted. I bought a run down property for a knock down rebuild and it sat vacant for 6 months while planning took place. The money I would have had to spend to make it tenantable would have easily exceeded six months of rental payments.

@niceworkabc

Ай бұрын

@@Sowaryes, the government has done this with all of their regulations - some people are happy to have an uninsulated or unheated property if it'll save them money on rent (I'm one of those people) and in the current situation, you'd be lucky to get the tenants out in order to be able to rebuild. The government has no right to dictate what we do with our property.

Water use is a terrible way to measure vacant homes. It's not hard to run a few sprinklers to make a property look like it's in use. There government needs to measure vacant -and holiday housing- accurately.

The people who have left their properties vacant are no more shameless about it than they are about all the people they stepped on and over to obtain them.

@mtate02

Ай бұрын

Who are you kidding?

@gmartin5037

Ай бұрын

Maybe they are sick of tenants destroying them???

@ginaray-zwar1595

Ай бұрын

Not everyone who owns property is a bad person, just as not everyone who doesn't own it is a saint. A lot of people go without things and work very hard to buy property to rent fairly to others. Try not to have such a victim mentality. It has been the governments policy to subsidize tenants into private rentals. It's cheaper & easier for them. If you get rid of landlords (many of whomever are just ordinary decent people) where do you think your housing will come from?

@nickrossetto7804

Ай бұрын

@@ginaray-zwar1595 LOL - do the houses disappear it not owned by a slumlord?

The large number of elderly in aged care would add to the number. Aged care residents and their families are often in limbo. Parent does not want to sell or needs to sort out belongings and children are busy and don’t have time to arrange property sale.

The cost to bring an existing property that is compliant with regulations can easily be $20 K Who would spend that if you are going to be demolished or renovated

I might be in support of 'let the market be the market' if any governments would actually leave the markets alone for once.

Is it appropriate to ask that commodities sold to China has been transferred into Chinese foreign investment buying homes in Australia? And further to this how has the China commodity boom actually benefited ordinary Australians and ordinary Chinese people? Billionaires and oligarchs and dictatorships have prospered but what about democracy, stability and ordinary people????

@tbone5654

Ай бұрын

How do you think Australia got the highest minimum wage in the world? How do you think Australia can afford giving every Australian an $18,000 tax free threshold? How do you think Australia can keep the GST at a low 10% when most of Europe is at 20-25%? All these benefits come from direct and indirect gov revenues from mining activities.

@niceworkabc

Ай бұрын

@@tbone5654 Australia sells more gas than Saudi Arabia ... Aus made $2 Billion profit, Saudi made $78 Billion ... that money that was gifted to big corps/oligarchs by our government belongs to Australians - the government has no right to give it away.

@tbone5654

Ай бұрын

@@niceworkabc You are not taking into account direct taxation, indirect taxation and royalties. Last fiscal year direct taxation and royalties on gas generated $18.2B in tax revenue. Total economic activity generated from gas was $121.17B.

Toilets on tank water ,have showers at work due to cost of taxation crisis. So my home is empty !

If they wanted more houses to be rented then they wouldn't have enacted such draconian laws against landlords mate.

@TalkingPoint773

Ай бұрын

Turning Communist, no choices, one way or no way

@niceworkabc

Ай бұрын

💯 ... along with mass immigration, allowing foreign ownership, bad government policies for decades and shutting down the country for 2 years causing high interest rates, high inflation, high building costs ... you could be forgiven for thinking that they'd planned this situation that we are in, especially as we seem to be in "lockstep" with many other western countries.

So if that million houses were put on the market what would happen to rents and property prices Ah ah ah racketeering

@ginaray-zwar1595

Ай бұрын

Aren't you a bit skeptical about more government interference in housing? So far, their recent immigration policy has had a big hand in causing this undersupply. Now you want them to ban air bnb? Then what? Do you think every air bnb owner will put that house on the open rental market? I doubt it.

There's lots of vacant homes listed for sell in regional Victoria, in my town of less then 9k with 200+ homes listed good 50% are vacant as property tax has triggered investors to sell up and high capital gains in the past 4 years all trying to cash out and not even spring yet

The analysis here is clear and well made. But our governments can't be entrusted with the capacity to register and administer property occupancy and vacancy. It's not so much a faith in neo liberalism, but more a deep mistrust of the authoritarianism of the administrative state.

@fellowcitizen

Ай бұрын

Community councils, with or without govt control. Driving a car without a steering wheel is dangerous, moreso without road rules or traffic lights -- this is what neoliberalism is.

So Martin, you are advocating to revoke the rights to ownership?

Owning a property is not a crime, its up to the owner what they do with their property.

@TalkingPoint773

Ай бұрын

Exactly Australia is meant to be Democratic with choice, not Communist

@KOGitnow

Ай бұрын

What if I owned all the food then while others go hungry? I own it it’s my choice with what I do with it? Housing is a basic necessity that shouldn’t have so many tax incentives to speculate on. That’s the point.

@mtate02

Ай бұрын

Agreed, and landlords have put themselves out greatly to not only purchase and pay off the property but also in upkeep after deadsh#t tenants wreck them for fun.

@majorowe

Ай бұрын

@@mtate02 The landlords don't pay off the property, the tennants do. Let's be honest.

@mtate02

Ай бұрын

@@KOGitnow Exactly mate. "I own it and it's my choice what I do with it!"

Shaming empty nesters

It's my property and I'll do what I want

@jezg084

Ай бұрын

Sure. Are you also taking the artificial gains which the tax payer has provided you at the expense of non property owners who also helped to fund your gains?

@benyameenyitzhak1036

Ай бұрын

@@jezg084 I play within the same tax laws that are available to you. If you don't like the tax law, lobby your local political party.

@jezg084

Ай бұрын

@@benyameenyitzhak1036 Haha so that's a yes.

@benyameenyitzhak1036

Ай бұрын

@jezg084 it absolutely is a YES

@jezg084

Ай бұрын

@@benyameenyitzhak1036 Haha classic. No shame either. Screams out it's my property, not yours, but wants other peoples money to fund that property and other peoples money to fund policies that continue to send the value of that property into the stratosphere. The level of selfishness here is unbelievable.

landlords are vultures

@tbone5654

Ай бұрын

Head injury? No schooling?

@gmartin5037

Ай бұрын

Without landlords there would be greater homelessness...maybe if tenants stopped damaging property there would be less empty...Just a thought!!!

@dxer22000

Ай бұрын

@@gmartin5037maybe we'd have less homeless if landlords weren't charging extortionist rent

@tbone5654

Ай бұрын

@@dxer22000 By definition extortionist rent implies high yields. Landlord yields are at historical lows. Most are lucky to make 2.5% before interest payments. The majority are making negative returns after interest payments, hence all the negative gearing. If you don't use good data, you will fail to reason. Have the schools stopped teaching critical thinking?

@gmartin5037

Ай бұрын

@@dxer22000 I haven't put my rent up in 9 years...

I didn't do the census.

@jezg084

Ай бұрын

Me either. I don't deal with businesses who expect me to work for free when I have no contract with them.

They should make it compulsory that all vacant properties which are a livable should be available to homeless people. The government needs to do a register and survey all the properties that are fit for habitation and get people off the streets and out of the parks.

@TalkingPoint773

Ай бұрын

Yeah bro in a Communist nation yes...democratic, you do as you wish

@justice4g

Ай бұрын

they should make it compulsory that you get an anal probe whenever you go shopping too.. the problem is due to government, more government doesn't solve it