If you ever wanted to know how much Australians are uptight sticklers for the rules and not the laidback national we think we are, take a look at all the whingeing on here about some protestors at a Christmas Carols event.
We should all be up in arms about this. It is 100% not the government’s job to protect Qantas. The government should be protecting the interest of the electorate and allow more competition.
I love people from Melbourne calling Brisbane the bogan capital. Melbourne people literally booed one of the best ever players of the sport they invented out of the game because he was black and did a war dance. Doesn’t get any more bogan than that.
It seems very odd that we give PCR Tests for free to whoever wants them whenever they want them (but you have to line up for hrs for them) and we give vaccinations for free but we won’t give RATs (which are cheaper and quicker than PCR) for free. What’s the logic here?
This country is an absolute clown show some times. Apparently getting the people to build shelter and infrastructure into the country is less important than those in other vital industries like martial arts, yoga and dog handlers.
I have heard this a lot, people from Melbourne shifted to Sunshine Coast during the pandemic and it is way too boring for them. Anecdotes have been no meals after 7.30 and all you can do is go to the beach.
I am a home owner so get the benefit of unearned gains in property prices but how good would it be if we spent say 50% less on housing than we do? Most people don’t look at it that way and think how good would it be if my home was worth 50% more. 1/
How come in decades there has been no productivity improvement in Australia that makes home construction faster? It just gets more expensive and takes the same amount of time (longer over the past few years).
Has anyone ever looked into of those people that migrate to Australia with a degree, how many are actually working in that field. For years I’ve heard of immigrants that are doctors, engineers, architects etc that can’t get jobs in Australia within their field.
The solution to the housing shortage only being about supply - which will take years to address, and not being about demand - which can be addressed quickly and need only be a temporary adjustment is very odd IMO. 1/2
I am no political expert but when you have such a slim margin as Labor do, a double-dissolution election when you are trying to pass a bill that significantly under-invests in housing seems like a really bad idea.
It’s insane that people in the comments are angry at the state government building public housing especially public housing that is quite nice architecturally.
Why not have the government building new housing? Particularly at times like now where it simply isn’t stacking up for a lot of developments the government can finance projects cheaper, has land and can fill the void when the private sector can’t.
I always thought the idea of an
@NRL
team in PNG was dumb and the closer to reality it becomes the dumber I think it is. How will you convince players, staff, officials etc to live in PNG in a compound. No way young single blokes or people with families will want that. 1/
In some ways I feel sorry for Labor because they've barely been in power for the last 30 years so the lack of investment in infrastructure is largely not their fault but equally we didn't have to make up for the lost migration in <2 years.
Not to feed into any xenophobia but it doesn't sound as if these Chinese buyers are living in Australia on significant investor visas nor does it sound like they are residence, how are they able to purchase established properties?
Really good to see that this hypocrisy is being called out. I live in the suburb with Tugulawa Park mentioned in the article and what The Greens want to do with the site significantly underutilizes the site, it's embarrassing.
People living in cars, we desperately need more housing but no one wants to discuss reducing demand for housing such as temporarily reducing migration, lest you be labelled racist.
The rise in homelessness is easy to see across Australia, with more rough sleepers on streets and tent cities in parks. But there's a group experiencing homelessness who prefer to go unnoticed — the growing number of people living in vehicles.
Universities should have to build a lot more housing on their land to accommodate the large volume of overseas students they attract to Australia to study. Discuss.
If the Federal Government wants to continue to protect Qantas like this it should have to take them back into public hands. Rampant price-gouging by Qantas and the government just hands them more monopolistic power.
#BREAKING
: The Federal Gov has blocked Turkish Airlines from operating flights to MEL & SYD by denying it air rights in order to protect Qantas
Disgusting by Minister King. Next time you're paying more, send the bill to her office
She did the same to Qatar last week
#auspol
At what point do people stop going to food market? In 2020 a bacon and egg roll at the market I go to cost $8.50 it is now $15. Similarly a gozleme used to cost $11 it’s now $18. How much higher can they push prices?
Imagine how frustrating it must be for Ken Henry, you undertake a massive review of the tax system with a big song and dance about it and a decade later pretty much none of the recommendations have been implemented.
I have moved house 4 times in the past 12 years, all as an owner-occupier. Why should I be taxed on each of those transactions while someone that has owned a single home over the same period has paid no tax?
The RBA has to lift rates because of how strong inflation is but every increase has to be like a dagger in the heart for the FHB that were bribed into the market during the pandemic with incentives and then led to believe rates wouldn't rise until 2024.
Whether you think immigration should be cut or not, we’ve had very high rates of migration since the GFC and we haven’t plugged the skills gap and unis are more reliant on overseas students than ever. The system isn’t working as is and something needs to change.
Government wants to build 1.2m new homes in 5 years and we have a shortage of trades but let's bow to union pressure and carve tradies out of fast-tracked visas. God this country is so dumb sometimes.
Property prices are as high as they are and the largest volume home builder in the country builds on 2% margins which should tell you there’s something deeply wrong with the current state of the housing economy.
I'd just like to reiterate, looking at the state of things I think there is a tiny bit more than a 0% chance Australia builds 1.2 million new homes over the next five years.
Something I have also been saying for a while tax exempt universities reap the benefit of overseas students and incur none of the responsibility. Most universities have sufficient land to build a lot more housing for students and should be made to
If homes cost 50% what they do you may be able to work less, travel more, start the business you always wanted to, invest in equities, ETFs, have more kids if you wanted to. Despite all these things I still think people would far prefer a 50% increase in home prices than 50% fall
So Feb 24 had the highest number of permanent and long term arrivals to Australia on-record and the highest net permanent and long-term arrivals on record with the figures +13.2% yoy and +18.7% yoy. Migration to Australia doesn't really appear to be slowing much if at all.
Boomers had it tough because they worked through recessions and had high interest rates for a little while. They also saw property prices rise from very little to multiple millions of dollars and get the proceeds of that increase cash free.
A city that doesn’t have a train to the airport and where most people base their whole identity on supporting an AFL team and coffee, is not a real city.
Someone should start a political party whose main focuses are: housing supply and affordability, increasing per capita GDP, improving Australia's productivity performance and boosting competition. Just focusing on these items would be a big vote winner IMO.
My favourite fact to use in a presentation at the moment is that the population of Australia has increased over the past year by slightly less than the population of the whole of Tasmania.
Is it weird that Australia is so house price obsessed but no longer has official house price data from the
@ABSStats
? Even if there are really good private sector measures it seems a poor decision to not have a free one from The ABS.
It is as if housing isn’t actually shelter and the problem isn’t too few of them for too many people that want them. I am a big supporter of migration but if it makes more people homeless it makes no sense 2/2
Another day speaking to one of the largest builders in the country and them telling me they have never spoken to the Housing Minister about the Housing Accord and also saying there is no way we’re going to close to achieving it.
I am happy
@DjokerNole
visa got cancelled he never should have been able to come but I don’t think this is a proud moment for our country it just shows an extreme level of bureaucratic incompetence.
This cold weather in a tent is making kids sick. Poor little Myah. Picked her up from school and she came straight back to bed. Instantly fell asleep. Buddy is keeping her warm. He knows
Read the comments here, there is going to be a serious political backlash against high immigration and high property prices unless politicians actually get serious about tackling the issue that people can’t afford places to rent and buy.
Young people are leaving our great state because of our housing crisis - and at really alarming rates.
Young people should be able to make their claim on this city.
It’s something that was afforded to their parents, and their parents before that.
Finally reading the RBA Minutes and I really can’t understand why they didn’t hike again. The case for further hikes stated in the minutes appears stronger than the case to pause.
Daughter's first week of Prep and two things I've really noticed. School is not at all designed for two working parents and it should start earlier and finish later.
The narrative of young people dining out and not saving is an interesting one. When I was in my early 20s I didn’t dine out very much instead, we drank our body weight in alcohol 3/4 nights a week. Eating out more and drinking less is a pretty big positive overall IMO.
Maybe we should get rid of Super, give people a pay rise so they are better off financially while they work and then have a pension for those that need it. Or we could get rid of all the ticket clipping and fee gouging in Super.
When you have some of the highest wages in the world, some of the highest home prices and every industry is a monopoly or oligopoly why would this be the case?
Makes you wonder why we consistently believe the private sector can solve the housing affordability challenges we face. Public sector housing should play a major role.
If we really want density to take off in Australia we need to make strata fees
more reasonable and body corporate committees and managers way less awful than they are.
We’ve created more new jobs than any first term government on record.
Our plan means more people in work, earning more and keeping more of what they earn.
Net overseas migration of 470,000 persons expected over this year and next, that's only going to lead to even tighter capital city rental market conditions one would think. Where on Earth are these migrants going to live?
If we are going to be building 1.2m new homes in 5 yrs (and I think that is a big if) we better be planning to build a lot of new schools, hospitals, shops etc along with that.
The housing crisis is a supply issue, but we can't even agree on its scale. If we want to get to average levels of housing compared to OECD we would need 2m new homes, not the 1m the Govt is aiming for. Let’s agree on what we are shooting for. 1/3
Imagine spending $1m on a home in Sydney at 30yrs old, hold it for 10 yrs, sell at 40ish and move to literally any other city buy and be pretty much mortgage free. Why do people stay in Sydney?
Churches pay no taxes and get to have big events and music festivals when the rest of us pay taxes and get denied the ability to go to big events and music festivals. Sounds totally reasonable to me.
I lack respect or sympathy for those complaining the RBA misled them.
The RBA was very clear that the interest rate projection was conditional.
Anyone who wanted certainty could have fixed their rate. Millions did.
The complainers gambled and lost and now want someone to blame.
You would struggle so hard to intentionally build a worse piece of software than the
@kayosports
app. It never closes properly, freezes all the time, never updates and never scrolls properly. Just a horrible user experience all around.
When there are more temporary students visa arrivals over the past year (almost double their previous historic peak), I would love to know how people think that has no impact on demand for housing - particularly rental housing.
It's interesting that MCM believes rent freezes are the answer yet at the same time doesn't believe bringing in 100s of thousands of foreign students who rent at a time when building approvals are at decade plus lows doesn't push up the cost of renting.
If Labor had frozen rents two years ago renters would have saved $6.7 billion in rent increases or $3067 on average per household. Renters are now facing another $5.3 billion in increases in the next year alone. That's $2.5k per household. Freeze and cap rents now.
Can anyone explain to me why is Paul Keating is the one PM whose view on everything and anything is widely viewed as being correct and important? Wasn't he the least popular PM ever? And that's saying something given what's happened over the past decade or so.
Can’t help but feel like this is a bloke on $1 million a year telling people experiencing real wage declines to suck it up and not to ask for too big of a wage increase.
I can't believe that people seriously argue land banking doesn't push up property prices. If approvals had to be sought upon purchase and then constructed as approved there'd be more properties available and prices would likely be lower.
Jim Chalmers says we should have more babies. This is a great idea given that living in Australia is cheap and having a child costs you basically nothing and everyone just gets pregnant easily.
Massive surge in population getting more bums on seats at universities and creating strain on infrastructure and housing. Remember that universities charge foreign students a fortune for their degrees yet universities also pay no income tax on revenues earned.
All the literature says migration is a net positive but that is at an aggregate level. Individuals don’t care about GDP, they care about having a job, being able to afford accommodation, being able to live reasonably close to work, the welfare of their family etc. 1/2
Read the comments here, there is going to be a serious political backlash against high immigration and high property prices unless politicians actually get serious about tackling the issue that people can’t afford places to rent and buy.
If 15% of borrowers were going to default before Christmas, wouldn't there already be signs and wouldn't more people be bringing their properties to market now when there is very little for sale and prices are stabilising?
The RBA have erred by raising rates less than their peers to try and manufacture the soft landing. If rates now go higher and the landing is hard this will be interest rate hikes unlikely until 24 all over again. Public will wonder why rates didn’t just go higher sooner. 1/2
Universities should be paying some tax they reap all the benefit of high paying overseas students and incur none of the costs which are all borne by the community. Universities don't have to pass on these costs either, the could wear them themselves.
People don't want to hear this but without investors buying OTP units you are not going to get enough feasible new apartment projects and you are not going to get anywhere near the volume of new units to bridge the supply gap.
It's easy to blame landlords for raising rents (easy target) but the ire of renters should really be at government. For increasingly outsourcing supply of rental stock (particularly affordable and social) and for not assisting in creating enough construction of rental supply. 1/2
Both Coalition and Labor are not trying to make housing more affordable anymore it’s just about keeping prices elevated and making it easier for people to access home ownership.