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Stop foreigners buying existing properties. Rein in the massive immigration numbers! The larger the population, the more housing and services that need to be built. Which we cannot do due to red / green tape, slow land release, tradie availability and building product supply shortages.
Disgraceful traitors need to be tried for treason. They aren't building ANY homes, they are bringing in MILLIONS of immigrants to jack up prices further! Another couple years and houses will be MILLIONS and rents will be 100k a year! THE ENTIRE WORKING POPULATION WILL BE HOMELESS!
Should not pay tax on the equivalent to minimum wage the first 45 k imagine!
When you buy your first home, you are not @entering the housing market”. It becomes a market when someone starts to buy investment houses, purely as a business to get richer.
Chalmers and albo should be tried for treason
What a scripted pathetic attemp at journalism
If the US and the UK want us to have nuclear death tubes here, let them build them and give them to us.
Please mark your calendar AUKUS is not going to happen 😊
He is so clearly out of touch with Australians, and he couldn't care less, politicians, especially professionals need outlawing, along with their parties
Most Career polititians, especially this lot now have never worked a day in their life, of course they are out of touch.
His comments on AUCKUS re-employment are utter rubbish
Perun - had an interesting subject the other day about submarines. The Future of the Submarine - Emerging Threats, Sensors & Transparent Oceans
These monsters are all look alike!!
AUCKUS is a mistake, that money needs to be spent on housing health and education
There isnt enough assistance via crisis accomodation.
When Kevin Rudd come to power in 207, he threw everything including the kitchen sink at the housing market. This was to aid housing affordability at the time. Tanya Plibersek who was the housing minister at the time, later admitted that it was to 'underpin' house prices. This new Labor government is doing the same thing.
Would the ukrainians do the same for us.
Bring back owner builder qualifications
Thanks for the useless waffle, you’ve done nothing to tackle the actual issue at hand which is cost of living crisis. You don’t care, you’d just import more low skilled migrants to pay your dumb dumb taxes?
Thanks for the refund of cents back. Theft tax that shouldn’t exist in the first place. Want to know why Dubai and Singapore with much smaller workforces create more wealth, liquidity housing and money to spend with 5-15% income taxes? They tax wealth and resources. Instead we have a Gina and a twiggy and ATO with billions of $$$ just to stomp down the throat of a working man. Just anything to keep the overlords happy and their boots licked and shined aye.
Labor won't restrict negative gearing and CGT because Bill Shorten tried it and they lost that election. The memory of losing the unloseable election is ingrained in their psyche. I'd vote green if you want to see a change because they haven't experienced this failure yet and won't be scared to try big things.
Suggesting that the government should not make big moves because then they won't be reelected is crazy. If they only get elected to get reelected, then they're not doing anything and they shouldn't be in the job. And if you know voters are under the sway of fear mongering propagandists, then start working harder on your messaging, or pass stricter laws on misinformation and propaganda - remove the "news" label for infotainment shows like Fox and Sky News, or mandate a disclaimer banner that states "this is an opinion show, funded by The Murdoch Press, who has investment ties to X, Y, and Z." People are struggling, it is only getting worse, and it is not enough to simply say "yeah, but voters will think changes will hurt them, so". The time for maintaining the status quo is gone.
All the ex Energy Ministers now work for the companies that they gave all these incentives to. But thats just a coincidence I guess.
Why did prices still increase during covid people?
Interest rates fell, very few owners were putting their homes on the market due to the fearful conditions. The very few properties that were on the market were bid up by those with massively increased borrowing capacities. The reality is that rents actually fell during covid. Making housing cheaper for most that rented. Purchasing prices would have fallen eventually when interest rates increased and lockdowns ended, but the ramp up in immigration has prevented that from happening, due to the excessive demand it has driven.
I can’t wait to see health studies that identify correlations between slum towers and cancer, illness depression and aggravated illness during pandemics be referred to in 20 years time when these slum towers go up. Why do 70 year olds need a pension and keep the million$ house? While young people be relegated to buying a slum tower as their only choice? Is Australia fine with not having children born here? Have open space? All to ensure the older white class has free pension and million$ 4 bed homes to sit in??
Liberal may have manufactured this housing crisis. Labour definitely have kept it going by doing nothing. Red party a cuck party blue are the pimp party. Both just prostitute this countries people for selfishly protecting an overlord class.
How about giving pensioner more money so they can live properly and not in poverty
The only period when the Olympics was profitable was when we weren't building massive stadiums every 4 years, and went to cities that already had great sporting facilities. Trains are 'legacy' infrastructure, not stadiums
Ridiculous response. Yes, supply is welcome but this will take time and years. Why not implement something that can be done almost immediately i.e. negative-gearing and taxing people with +2 investment properties? Immigration drop is welcome, but why only take a single prong approach when there are multiple levers to work on now? If you hold shares, you take the loss if the share price drops. That's what an investment is - it has risks. If your investment property price drops - why do taxpayers end up footing bill?
More than half of Aussies own homes. Upsetting the home owners and telling them they will be taxed more means less votes. It is possible but which politician would want to do that? Also consider that politicians have multiple investment properties. The only solution for available is to hope they build more houses... for rich foreigners to buy.
More than half of Aussies don’t own 2+ investment properties. There should be limits to tax advantages as they are stealing the future from younger generations.
so how old is this vastly Experienced Treasurer!
Those with political portfolios all have realestate portfolios, I’m sure there’s absolutely no vested interest in seeing prices continue to rise.
Immigration last year was 550,000 people and it's not slowing. So the 1.2 million new homes target over 5 years won't even house half of the new immigrants over that time period. In 5 years time the supply will be even worse.
Why did prices rise during covid?
-borders need to be closed temporarily untill economy is back on track along eith housing supply -foreign home ownership abolished -all foreign own homes to be sold -aukus scrapped money instead to be put in to government housing -australias defence future lays in missiles and aircraft once the economy is on track money will be allocated for these but not now -new taxes for wealthy top 5% of earners and businesees -banks yearly profit to be capped all profits over will be put in to mental health services -mental asylums to be reopened - minor offending to be reduced to 13 yrs of age anything over will be tried as adult 13- 18 yr old only prisons to be built- punishments for this age group will include mandatory military servce carrying a knife is a mandatory jail sentence while using one will be minimum 15 years in jail , Life sentence if someone kills with a weapon do all this for 5 years watch the results trust me -
Jim is talking rubbish, he is spending like a sailor and high immigration is making most people poor. He is transferring wealth from poor to rich and he knows it. Vote One Nation to fix it.
Immigration numbers coming down from a 190,000 to a 185,000 WHAT AN ABSOLUTE JOKE, just another Labor slap in the face for Australians. Labor totally disregard the Will of Australians, AGAIN !
Put liberals in power are they better ?
Just eat less… just have coffee and powdered milk…
They can’t even pay disabled people minimum wage,they get punished for being disabled. But they don’t punish parents who have jobs who choose to use public education and public healthcare when they have jobs and who make more money than unemployed people.
Cause they spend all the money funding public hospitals and public education for people who have a sedentary job and two incomes.
Why can’t she work?
I dunno about Aus but here in the U.S. we just print out monopoly money at our leisure & still somehow manage not to spend it on some of the most meaningful things. But hey if the pundits fixed the problems they wouldn't be able to wave the issues in front of our faces to distract & divide us while pretending to fix them to bolster their support. I don't mean this guy in particular but pundits in general.
Do you know what China would do? Russia? North Korea? Freaking India? Homie, you’d all be “sleeping rough”.
They have no motive to attack us lol
Not Australian, Texan, is there a sentiment of Anti-AUCKUS in Australia? I find this very interesting. A mistake, but let’s talk about it.
Yes, it's very unpopular
The overt lying and gaslighting on display here is disgusting. He says in his answer that having more people at auctions will only raise the price then days "the only way to decrease house prices is to build more homes". You can reduce the amount of people by cutting immigration. You can reduce the amount of investors by cutting negative gearing. You can cut the prices by increasing the capital requirements for banks in the fractional reserve system. This guy and Labor in general are liars on the same level as the liberals, vote for smaller parties next election and get rid of the uni party.
Word salads is all i got. Not sure he really answered any questions properly🤔
Its what polititians do. They don't work for Australia.
Hmmm maybe if the government pulled their fingers out and actually built some houses instead of relying on the private sector 🫠
How many investment properties does Chalmers have I wonder? .... and all the other politicians 🙄
Albanese has plenty. But he started selling them off this year at the price peak meaning he likely doing insider trading before announcing a cut to his mass immigration
And that just starting at a first home . Your exact words , correct. The concept of owning a home is to live in it for the rest of your days , it is not an investment. It's a simple as stopping selfish owners owning more than 1 property. Just like the 1 child policy they had in China we need a 1 home policy. The only people that loose out are the selfish. If the government can force people to evacuate a property due to a new freeway they also have the same power to force all investment properties to sell. Your housing problem fixed . Banks still get paid , government still gets paid the only people missing out are the greedy multiple property owners. Problem fixed !
Norway taxes mining and oil heavily and uses the proceeds to subsidise education. We index student loans and use the proceeds to give tax breaks to the mining industry.
And round and round we go.
The solution is simple and easy. Stop the immigration. There are other factors but this is the biggest. We don’t need more people with the AI revolution. We need GDP per capita, not GDP.
Brisbane and other cities like it is the New Sydney any property within 50-70km city centre going to cost $800,000 plus. 1.2 million homes in 5 years no where near enough. Population would have increased way more than that by then. None will be affordable most be positively or negatively geared Woodridge homes will be 1.2 by then 😬
Just stop the immigration and housing will be ok