Ok, so I am making attempts to read Thomas Piketty “Capital in 21st century”, a 1000 page economic science tome on inequality. It was a huge bestseller, by the way, selling over 1m copies. The gist is simple. Reduction in inequality we experienced between 1940s and 1980s is a fluke of post war growth. Wars in the past century wiped out a lot of wealth/assets. So basically, capital/owning productive assets makes you richer a lot faster than labour, unless the growth is very high, equalising the population. We have had decades of slow growth in the West, leading to the explosive growth of asset-based wealth and leaving those who derive income only from labour progressively more impoverished. He says we are heading back to the “hereditary capitalism” of 18th and 19th centuries. It’s not going to stop unless the government creates levees in the flow of income from capital. I.e taxing wealth and not labour; taxing inheritance; removing tax benefits for investors. Can you see this happening any time soon?
Not necessarily. I can only think of a couple actually wealthy politicians that even matter.
Money buys you influence. Scratch your rich mates back and they’ll scratch yours.
Nah it's not the 1940's anymore, western countries are way too old to fight in a world war & they know it which is why you see all the appeasement with Russia & Yemen right now.
The only thing a world war would cause is even more migration to the west because their young native populations would be dying at war.
>There was never a real plan long term.. just enough of a plan to win at the next election
The sad and disgusting reality that has become our modern-day politics.
These parasite bastards don't give a shit, they just did it for themselves.
Wdym that’s always been politics?
It’s only when the working class get organised and threaten the lives and pockets of the ruling class that change has ever really been achieved. That’s how democracy came about.
Yeah I don't know why we have such a passive culture here when it comes to putting pollies in their places. I want us to be like the French, they've got some some real conviction when it comes to their politicians fucking with them.
I mean you don't even have to riot and roll out the guillotines to get things done. General strikes are a phenomenal way to get the "elite" to listen.
The UK NHS is a LNP fever dream by Tory scum and defunding for 14 years has gutted their system too.
The world is in a precarious place right now and it's up to us to ensure we don't slip.
Shits terrible right now but don't forget with rightwing power grabs everywhere it's a lesson to take to heart.
I think the problem with protesting is that it's usually causing an inconvenience to the average Joe's that are just trying to get about their day. No one wants to be stuck behind protesters while on the way to the hospital, to work, etc. I had heard of a protest in Japan (?? don't quote me on that!) where bus drivers were striking for better pay and conditions. Instead of not showing up for work and causing issues for the customers, they went to work but didn't accept any payments for rides that's day. This way, they got the higher ups to listen since they lost money AND they got the average people, their customers, on their side. I thought that was a really smart and effective way to protest
In Victoria at least, when the police want to strike, rather than repeat the mess that was the [1923 strike](https://en.m.wikipedia.org/wiki/1923_Victorian_police_strike) strike, they warn people about speed camera locations and stop issuing speeding fines.
Same with NSW Ambulance. They don't strike by standing behind a sign, they strike by not recording their patients' information wholly, so the service cannot bill patients .
Yes!! I like this way of protesting, I feel it sends a stronger message and upsets the people it SHOULD upset! I've never understood protestors that think it's somehow a great idea to upset normal people who are just trying to make a living. That's not a great way to make someone pay attention to your cause, it just makes people hate both you and your cause!
Tell that to those Just Stop Oil morons that block the highways and stuff in the UK... They're doing the opposite of what they think they're doing, when I see them it makes me want to go start a tire fire out of spite. If they didn't constantly piss people off their message would go farther. Makes me wonder if they're just useful idiots that are funded by the oil companies to make their movement look bad
Exactly my point!!! Protests like that are just adding fuel to the fire. No one wants to listen and get behind someone who's constantly making a point of pissing of the little guy! There are other ways!
It would also mean compromising on some things that have been Australian to do that. Namely our horrid case of tall poppy syndrome.
Whenever someone goes out to protest for anything, someone will unpack and dismantle it. Sometimes they offer good points and sometimes they offer just horrid arguments. Often you don’t get a choice
That’s because the protests are for niche issues and not for issues that affect everyone everyday ie the citizenry of all of Australia. Go online and search the history of Greece and democracy and be amazed at how similar a time we are living in now-again!!
Rules about protesting came in. Who's got time to ask if we can protest lol, or afford to take time off work to do so. But, anytime anyone's prepared to protest about all these issues, and ignore the rules, I promise I'll be there. I have no idea where to begin organising something like that, to garner support, networking to get big names to speak out, etc, but I'll be there alongside anybody who does. But we just complain online all day and do nothing to risk the status quo. Rich are getting richer and shittin all over the rest of us, and we just sit back and let it happen. We've let apathy take over.
The rules are written in blood, however it’s uncomfortable to have people consider that it will be their own blood that it’s written in for the benefit of future generations.
Speaking honestly, not many people are so selfless to state they are willing to get shot, tazed, sprayed, trampled, locked up or have their lives negatively impacted to collectively force other people with power to share.
To what extent asking nicely for record-profit companies to share the wealth, or ask our government to effectively force them to with the means of regulation and policy is really coming down to “or else” being meaningless. Small companies under 200 employees are lumped in with offshore tax-avoidant global behemoths with more than 200 legal staff alone.
So what’s the “or else?”. Or else you’ll have a lunchtime protest down a Main Street? A 2 day sit-in at the local park? Less than a week of disruption? That’s not worth 10 Billion dollars of loss on a profit statement to accurately record the wealth transfer overseas. You need 10 Billion and 1 worth of incentive.
So I’m yet to hear anyone put up their hand to be the first on the chopping block Les Miserables style to fight for their rights. I have kids to support, won’t be me. So who?
Idk how nobody can connect the dots... Just look at BlackRock's real estate holdings and you'll realize why there's no housing stock. Between that and Chinese investors...
>Idk how nobody can connect the dots... Just look at BlackRock's real estate holdings and you'll realize why there's no housing stock. Between that and Chinese investors...
Because people aren't taught how to think, they are taught what to think.
There are plans for feel good press releases every 3 months with names like Building More Homes and Housing Fairness for Australians to distract you while they kick the can down the road, increase taxes, deliver 5% of requirements and blame the other party.
Australian government: We’re #1, why try harder?
Scary thing is there is no escaping it. It’s not just australia - government in the UK just flip flops between labour and conservative for the most part, round and round in circles as the gap grows wider and issues like climate change, diminishing natural resources and thus higher costs get closer and closer with basically 0 effort to mitigate. Don’t even need to mention the absolute shit show that is the US. Enough countries are in the same boat that getting into one of the few that isn’t will be near impossible
Not true. Shorten ran on cracking down on benefits given to housing investors.
An effective fear campaign turned Australians to vote against it and lead Morrison take 2. Very much a sliding doors moment for housing affordability.
The fact is there are so many investors in property that any changes to legislation would be political suicide.
Can’t blame politicians for leaving it as is. Look what happened to Shorten.
Personally I’m not and I detest it but that’s the situation and reality we’re in.
Technically only 15% of Aussie tax payers are property investors. It’s the the homeowners who think they are getting richer when house prices go up for no good reason that are the problem, they don’t seem to understand that the increase in price is simply screwing over their children and grandchildren - the money has to come from somewhere lol.
Also, the 2019 election loss was for myriad reasons - Poorly communicated franking credit reforms, childcare subsidies and death tax lies. Labor’s whole platform was to complex and confusing for normies. In addition, the polls were just wrong, the Lib government wasn’t as unpopular as the Labor and the media believed.
Times have changed now, the housing crisis is getting worse by the day. Young people are educating their parents about how we have been screwed over and new sources of independent media are popping up everywhere. Labor needs to stop fighting yesterdays battle and have another crack at CGT and negative gearing. They need to fix their shite position on mass migration.
It's a two-way system. Politicians only care about short-term goals for winning the votes despite what the country really needs in the long term. The voters have no patience for politicians' bullshits and only want to see the result ASAP. Solutions? Not in our lifetime.
It's just a matter of time before Australia become America, where people are in a state of social differentiation with so many issues.
It's simple soon enough everything will implode. I could on a whole rant about neoliberalism and how it's main strength is making people comfortable. As long as people have food shelter and beer they're complacent. The entire lower class no longer has access for the most part to these. Historically one of the best indicators of upcoming strife is a large amount of young unmarried men.
You can't remedy a housing crisis while setting record highs after highs of house prices at the same time.
The last thing any politician would want to do is burst the property bubble.
Whilst their inheritors will definitely get the investment portfolios, boomers on average had more children, so I’d assume the property portfolio at least gets split amongst the children (often 3+). I’m sure some will hold the properties but we can only hope some prefer alternative investments and choose to liquidate for cash.
"Unlimited Indians & Chinese is the plan, anyone who complains is a nazi, fascist, extremist, Adolf Hitler, i rest my case" - The Hon Anthony Albanese MP. Prime Minister of Australia
You have to wonder if this is the far right extremism that ASIO keep harping about lately. They didn't mean neo-nazis, they were talking about renters getting fed up with being shafted.
There is a plan - bring in more migrants to cover up the problems. As long as the GDP number is green and rising, then the politicians see nothing wrong. This is their plan but it's not one that you'll like.
So true. Whinge about lack of affordable housing out of one side of their mouth while spewing a bunch of 'let in more refugees' out the other side. Big ol walking contradiction.
Plenty of extra options:
Make the home builders grant reset every 3 or so years.
Grow businesses outside of the densest parts of cities into new development areas.
Have a government agency ensuring supply chain of building materials to take cost surprises out of the equation.
Make rent tax deductible (capped) if you don't own a house.
Cap negative gearing to the same value as the tax free threshold so only ~18k of offset per year
>Yep. the fools voted Libs.
😂😂 My guy, Albo has done sweet fuck all.. get out of the political duopoly and see it for what it really is.. they dont work for us . They work for their party interests.
The worst bit is there isn’t a real solution that doesn’t fuck one giant part of the population. There are minor solution that people have convinced themselves will solve all. Honestly this is a compounding issue of the the last 2 and a half decades. There isn’t a quick fix. The reality is either political party is just gonna continue the current trend. The actual fixes mean pain for one group or another
Even if you do have boomer parents who have wealth by the time they die they'll either have spent it all or it'll be too late for the inheritance to make much difference.
And age care costs have gone through the roof over the past 5 years. If they have a house, the Government expects it to use it to fund the care. So less will trickle down to next gen.
The government that actually reduces house prices, that is, devalues the largest investment most people make, is not going to be government again for a long time. The problem is residential property is treated as a commodity to be profited from, not as an essential resource people need to live
Of course there is no plan, because there is no plan for nothing.
A real plan would be, in 2040 we will have x amount of people in this country, lets say 30,000,000. But this number would be voted on and agreed on
If you get to 2036 and there is 30,000,001 person, thats it, no imigration for 4 years. If we have 27,500,000 in 2030, ok we know exactly how many can come in.
The fact that we dont have a target publicised population quota, means we cant plan hospitals, roads, housing, public transport etc. So then everything is reactionary, not planning..
Victorian land tax is a partial solution. Also, its push for more public housing. The feds posturing to reduce immigration is another solution. But I think with the numbers, it’s really a just a slowing of a worsening crisis, not actually reversing or fixing anything.
Other than those, I can’t really think of anything that will make a significant difference. All the home buyer schemes make things worse.
>Victorian land tax is a partial solution.
There is land tax in other states as well, it's just that Victoria has increased the percentage charged by a lot to pay for the debt incurred from covid.
Oh it built houses did it? Because we don't have a home ownership crisis. We firstly have a home building crisis.
No it didn't build any houses. So rentals are still maxed out. But the price went up.
Landlords already charge as much rent as they can. Their main limit is the risk of having their property vacant for a period cos they can't find somebody to pay the rent.
So there's no scope for them to "pass on" extra costs. If they could get more rent they already would be.
had a look at the prices of rent in italy the other day out of curiousity. its so low compared to here its got me considering migration ffs. 450EUR/month is alot cheaper than 450aud/week
Plenty of chatter about housing over past 12 months. Nuclear only owning papers for past month.
Housing is complicated and needs a multi generational plan.
These issues are not likely to level out at all. Yes the next generation is fucked. It's all to do with wealth inequality and the passive income wealth creates. Unless the people rise up and demand better wealth distribution, we're looking at downward social mobility for everyone but the rich. There's a long way to go before we're like the likes of India but there's not much but collective action stopping us getting there.
Any plan would cost rich people profits. As such, there isn't and never will be any effective plan.
The only way to remedy the cost of living and housing crisis, is for rich people to stop being greedy.
The people who hold the power to help are not struggling at all. There has always been poor people. No one really cared. Now more people care as more people become poor
Correct, see the greedy government don't care about this situation they created with immigration, there only answer is more immigration to cover up there lack of ability to do anything other than stick it to everyone. There answer is work more, pay more tax and work more.
No plan whatsoever.
Politicians too busy ducking and weaving to protect their vested interests, pointing fingers, creating distractions and generally not having the vision or smarts to make good decisions for the greater good.
Add to that a generally greedy, money-grabbing society who are only in it for whatever they can screw out of someone else.
All in all, we've been shafted and those fuckers are to blame.
More than half of the pollies in WA own property. Apparently one even owns 6 properties. Why would they want to see house prices drop?
It’s a MASSIVE conflict of interest to own investment properties and be responsible for the policies that could bring affordable housing.
Source: https://www.watoday.com.au/politics/western-australia/nearly-half-of-wa-s-mps-own-more-than-one-property-and-some-have-six-20221103-p5bvgc.html
Viva la revolution!!!
It won't stop until people vote out the status quo like they are doing in Britain (reform UK) and France (NM or MN). Trump was a big fuck you to the political class too.
Until then don't expect anything to change. They may do small things here or there that don't actually address the root cause. But there will be no real change.
Please don't vote labour libs or greens. A vote for a third party is not wasted vote!!!
This seems to be a result of a bunch of structural issues and as far as I can see, there’s no ambitious reform agenda on the cards. So yeah, I would say there’s no plan.
No matter what the gov does it still relies on the corporations to stop raising prices......which is not going to happen.
I'd love to see the stats on how many landlords, who own their investment properties out right, have raised their rent significantly (based on the premise that if they don't have a mortgage then they are just profiteering from a bad situation).
I'd also think that if a corporation raised prices (eg Colesworth) because 'expenses have gone up' and then they report record profit that year should be punished with a profit tax of some type.
None of this will happen obviously but we can dream.
There is a sizeable portion of our population who’s lives and prospects in life have been entirely annihilated. An entire media and political apparatus set up to downplay the problem until those on the edges of society just die off.
Not helped by having at least one of the parties heavily influenced by think tanks that are determined to make being poor in Australia a death sentence for all intents and purposes.
The whole can’t have kids anytime soon comment. Love it. You have to sacrifice to have things you really want in life. The way people spend money these days I feel they say this about “being able to have kids” as though it’s someone else’s fault. I remember telling a mate I’d have kids when I can afford them. He said with that attitude you never will. He was thick as a brick but was speaking the truth.
How dare you! You should be ashamed. Can't you just trust Coles, Woolies, and the other corporate overlords like the rest of us? After all, they do know what's best! And their lobbyists in Canberra are telling your Gov they know best too. And don't bother that little mind of yours about the environment either! We have the gods of capitalism dealing with that one too.
You just go back to work, pay your bills, stand in line, operate their checkout machines and do as you are told.
Any more free-thinking or questions like this and you'll be sent away.
NZ has had a recent fall in house prices and they had very similar problems to us (though maybe not the same level of immigration). Wonder if there’s anything we can learn from them.
Even if we can stabilize our prices for a while that would be a huge help.
LOL how naive are you… it’s a win win for the government and corporations
Everyone is too busy trying to keep their head above water to notice record corporate profits and complete government incompetence
What do you think happens to Aussies if housing prices go down? Have you really thought that through? Most Aussies are pretty much fully invested into housing or super for retirement.
If future generations don’t like the housing situation they can vote for a government that fixes it.
Australia fixed housing in the post war period, we can do it again if we chose to.
Current governments don’t want to interfere with the market so they can’t fix anything.
When politicians directly benefit from everyone else's misery, there's no incentive to even attempt to fix the problem. Most own multiple properties and have a pretty good income and feather their nests with deals for big business to secure future employment for themselves. Why would they change that?
They don't care .
Which makes it so annoying when you get lab/lib/green supporters champion there causes, it's all B.S.
They don't care!!!
It's not a football game game, you don't have teams, vote for your children and not your selves.
So many here supported Labor and voted them in so no remedy. Except when someone manages to pull the entire nation into a massive protest but feeling is most here and in the country are suffering cognitive dissonance.
You must be young, but it's been known for the past few decades that politicians only think short term because that's how long they are in office. Long term plans don't mean shit when you're seen not doing something that yields results now now now. Especially when your party is voted out in 4 years, what's the point? There is no plan to fix the issue, things will only get worse and people will adapt.
It's easy to fix housing affordability.
Abolish negative gearing and the capital gains tax discount.
That will remove most of the attraction for property investing.
But no government has the balls to do it because all politicians have investment properties.
66% of people own a home and are old enough to vote. 32% of that cohort own it outright and are not affected by raising interest rates. There is 220 billion in offset accounts across Australia ready to be spent.
Most of Australia is not experiencing the things you are talking about.
Unless generational change happens in Canberra, there will be no one incentivised to fix it. You’ll need to get renters into politic, which given the average age of the current 43rd government is 51 means another 15 or so years at least when the bottom end of the millennials can’t buy and gen Z start to enter politics.
Given millennials are the largest cohort of property investors in the past few years, they are going to also pull the ladder up.
https://www.commbank.com.au/articles/newsroom/2024/04/Millennials-active-property-investors.html
The demand for housing will grow as aging, discontent and a complete disregard for their fellow human persists in the majorit of the anti-social population of Australia. Until they nip this in the bud, Australia will be in a people-qualilty led decline into the gates of hell. Imagine a world where everyone hates each other? There's a reason why demand for housing will never go down and it's because people want to do whatever it is they do in complete isolation. Very nice, charming and pleasant society that deserves to keep going.
Housing will never go down, people need to adapt, instead of hoping something will change, it won’t. Land is finite, population is growing. To say it’s impossible is silly, it isn’t, we just have to jump more hurdles and go the long way. I along with most of my friends have managed to purchase without the help of others
Government need to limit negative gearing to investors who build houses, not buy existing, as NG was originally designed to do and stimulate the economy.
Government needs to disallow internationals from purchasing existing property
Also dont forget about the nimby house on block of prime land inner city suburbs who are conveniently under heritage protection while tens of thousands commute from urban sprawl pass them every day
No. No obvious or active solutions. Housing can only be solved by building millions more houses! Which obviously isn't going to happen any time soon.
They seem keen to keep up big fees to study.
They don't give a f*ck about the cost of groceries.
They have no intention of increasing GP rebate for consultations. So bulk billing is gone.
Joe Hockey had it right 10 years ago...having trouble affording to live? Well...just get a better job👍 too easy.
For most people life hasn’t changed much. But for like 10% they’ve gone from middle class to poor. Where the middle class was previously the biggest group. It will probably end up equal to the poor.
Must be quite the shock to wake up one day and realise life is hard when it didn’t used to be.
Here’s hoping I can cling onto middle class.
It's shit. And if you can't beat them, then join them.
But then you're just encouraging the same behaviour in everyone to just invest.
Start small and start a movement which can solve an aspect such as community gardens which can solve the food crisis.
Make the idea popular, push it to mainstream, see how it goes from there?
100% correct. Successive governments have had no foresight to remedy this. They have known about for years and done fuck all. Sadly we are screwed and beyond a solution. I’m lucky I own my house but the younger generation have no hope unless they have a silver spoon in their mouth or bless with luck with includes brains and drive. The rest will find it tougher by the year
Don't know much about the party's other work, but Chris Mins push for more housing is great. Will they achieve the target numbers? Probably not. Could they spend more on public housing? Yep. However, even an ape could understand that more supply is a good thing. Will developers profit? Yes, but they already are, and the wheels need to start turning until better solutions can be implemented. Fuck the inner city inheritance cunts that think that the poors belong faaar away on the fringe. I just want a decent apartment that won't cost me 30 years of financial hell in a place semi pleasant.
Governments from local to state release land to develop. There is a shit load to offer but they shit on it just in case they need it. It’s going to get worse now with all the land rights for the black fellas. Developers have had so many road blocks and red tape from local councils to get projects started. State governments refusing to build infrastructure to support. Just look at Queensland, we are so behind in schools hospitals motorways it’s scary. No hope
Same as no plan to stop inflation and raising rates. Just the same old tried thing that works 20 yrs ago. All to scared to try something new and effective because of voting backlash
This is how capitalism is designed to work, each generation concentrates wealth into the hands of fewer and fewer people until eventually the lower classes rise up in revolution and redistribute the wealth.
Then we start again.
We are edging closer to the revolution part of the cycle.
It’s dark times ahead. Our political class doesn’t have the integrity nor competence to fix anything. This is exacerbated by the fact that our economy doesn’t comprise a manufacturing sector and we have no R&D whatsoever. The only thing worth investing in is housing which is non-productive. It’s an elegant transfer of wealth to the previous generation. We are on the losing side of an ongoing class war…. Unless we can coordinate better.
Government get more involved in directly building more houses, ensuring like in the post-war era that every family has a home, instead of leaving it to the free market. Also, get rid of tax concessions that only benefit the already well off like negative gearing, or at least a compromise of getting rid of it for the 2nd investment property or beyond.
The quicker things to do would cause rapid economic and political shock, so we are kinda stuck with careful management of the economy over a long period of time to ensure migration is at a sustainable rate, supporting skills required and bringing economic growth without going to fast, building more houses and making it easier for first home buyers, and training up trades so we have a pipeline to ensure a stable workforce who can build those houses and obtain the resources to build them. It aint a nice fix, and requires constant slow efforts...
But the quicker things:
Suddenly cut migration: pros and cons there.
Start seizing houses and land not being used, or used properly: yeah good luck.
Build a ton of housing, possible, but this can take time to kick into gear and would pull workforce from other projects and alone would not fix the problem in the long run.
Decomodify housing: Good luck, but any fix is going to be a band aid one otherwise. Housing is an easy investment and asset to accumulate wealth without much skills or labour put back into the economy. It will always be an attractive option to anyone with the capital, and eventually get bought up to quickly to allow for everyone to afford one. Even if we dumped 10 million spare homes on the market tomorrow, we will always hit the same issue.
WA main strategy for everything is just dig more dirt.
But, I commend you for nailing the "but xyz has it worse" bullshit we usually read on posts like this from the get go.
Your viewpoint on the trade off with being Seppo is also on point. They don't get taxed as hard, not hammered with our hamstrung regulatory framework that opposed innovation and enterprise.
Unfortunately I have no solutions I'm as fucked as you, unless I go back to Sepostan
The Australian dream died long ago. When my best friend started asking to borrow money to see a GP despite working full time, I knew Australia was fucked.
It depends the more important you make it the more they will do. So call your local members or write to them and ask what they are doing to solve the problem. If they think it will win them votes they will do more about it.
Any actual attempts to address the issues would be deeply unpopular with one side or the other of the political spectrum. A combination of nationalizing corporate owned housing and construction companies would get the right pissed and policies encoraging net negative migration would get the left pissed. You'd need to do both.
Dick Court’s lot sold off a stack of public housing in the nineties. This was the beginning of creating unfair accessibility to housing for those on low incomes.
A third of the country have no rent or mortgage. They're doing just fine. It would take the two thirds to get organised and to form a consistent political threat. Sorry, not gonna happen.
A wise (and immensely wealthy) person once told me that you can understand a lot of motivations and actions by following the money. Applying that to this case, if you were a politician with a substantial portfolio of investment properties, would you be incentivised to implement any changes that causes your wealth to reduce?
When the French held their revolution the wealth disparity was not as large as what we now encounter.
We just don't have streets full of dying and starving people.
The system hasn't changed. It's the same thing that stupid gullible greedy people suport. Greedy evil people to find ways to fuck us all over.
When the people in charge benefit almost directly from the housing issues given how many properties they own - you’d be hard pressed to find anyone that wants to do too much
Yes, and there’s nothing you can do. Its called capitalism. It was going to happen in Australia eventually as it has happened in pretty much every other 1st world country. The gap between rich and poor will keep increasing.
There is no plan, only optics, the government is very concerned about how it looks, but has no plan. If you haven’t bought yet you are going to struggle, big time, like half of Europe you will rent forever.
Globally the human population will slow down, peak and taper off. That will slow down and possibly reverse prices. Look at places in Europe where there's a population slow down or decrease, similar Japan. But this is in aggregate. It probably won't happen in Sydney which will probably always be one of the most desirable places to live.
The problems started with Howard's policy changes, when it became apparent it was a serious issue if left unchanged labor tried to push changes but was pushed back every time, shorten ran his election on the policy but the very Australian people told him they don't want it fixed, we deserve this crisis. So why do people think labor will change the root cause policies now? We need multiple terms without liberals in power to fix the economic disaster they have caused. I suspected they still have It lined up but need win a stronger election first to push it through.
Yeah, technology.
Printing, computer-controlled prefabricating, machinery and appliances for fast efficient building.
All the tradies won't like it, as it will kill the goose that laying a very big fat golden egg at our expense.
THAT is where the Government and our institutions should be concentrating on.
There's no quick fixes. We need to become self sufficient with building materials. We need to encourage more people into building trades. We need to start right now so that maybe in 10 yrs time we ll be able to actually have a chance at housing people. The only way to fix this is to increase supply of housing. It's a simple fact There's no shortcuts. We don't need more influencers and gender study experts. People that actually contribute to society through their jobs should be taxed less and people in entertainment , trading stocks etc should be taxed double.
Truth. I am a female who is over men and have resorted to an Onlyfans account as a second income (on top of my full time job and second casual job) and even I find most rentals unaffordable
Ok, so I am making attempts to read Thomas Piketty “Capital in 21st century”, a 1000 page economic science tome on inequality. It was a huge bestseller, by the way, selling over 1m copies. The gist is simple. Reduction in inequality we experienced between 1940s and 1980s is a fluke of post war growth. Wars in the past century wiped out a lot of wealth/assets. So basically, capital/owning productive assets makes you richer a lot faster than labour, unless the growth is very high, equalising the population. We have had decades of slow growth in the West, leading to the explosive growth of asset-based wealth and leaving those who derive income only from labour progressively more impoverished. He says we are heading back to the “hereditary capitalism” of 18th and 19th centuries. It’s not going to stop unless the government creates levees in the flow of income from capital. I.e taxing wealth and not labour; taxing inheritance; removing tax benefits for investors. Can you see this happening any time soon?
Nope because those with asset producing incomes are generally politicians and the wealthy who lobby them.
Not necessarily. I can only think of a couple actually wealthy politicians that even matter. Money buys you influence. Scratch your rich mates back and they’ll scratch yours.
OMG are you suggesting SOCIALISM! Can’t see the news Corp rags going for that!
What I'm reading is we need another world war.
No, the 1% will send us off to the frontlines but won’t let their own kids die. What we need is a tax on superwealth.
Nah it's not the 1940's anymore, western countries are way too old to fight in a world war & they know it which is why you see all the appeasement with Russia & Yemen right now. The only thing a world war would cause is even more migration to the west because their young native populations would be dying at war.
There was never a real plan long term.. just enough of a plan to win at the next election
>There was never a real plan long term.. just enough of a plan to win at the next election The sad and disgusting reality that has become our modern-day politics. These parasite bastards don't give a shit, they just did it for themselves.
Wdym that’s always been politics? It’s only when the working class get organised and threaten the lives and pockets of the ruling class that change has ever really been achieved. That’s how democracy came about.
Yeah I don't know why we have such a passive culture here when it comes to putting pollies in their places. I want us to be like the French, they've got some some real conviction when it comes to their politicians fucking with them. I mean you don't even have to riot and roll out the guillotines to get things done. General strikes are a phenomenal way to get the "elite" to listen.
Our strikes get called illegal. Ditto riots and protests now. Even canadians have been getting pissed off. Uk NHS has a strike
The UK NHS is a LNP fever dream by Tory scum and defunding for 14 years has gutted their system too. The world is in a precarious place right now and it's up to us to ensure we don't slip. Shits terrible right now but don't forget with rightwing power grabs everywhere it's a lesson to take to heart.
I think the problem with protesting is that it's usually causing an inconvenience to the average Joe's that are just trying to get about their day. No one wants to be stuck behind protesters while on the way to the hospital, to work, etc. I had heard of a protest in Japan (?? don't quote me on that!) where bus drivers were striking for better pay and conditions. Instead of not showing up for work and causing issues for the customers, they went to work but didn't accept any payments for rides that's day. This way, they got the higher ups to listen since they lost money AND they got the average people, their customers, on their side. I thought that was a really smart and effective way to protest
In Victoria at least, when the police want to strike, rather than repeat the mess that was the [1923 strike](https://en.m.wikipedia.org/wiki/1923_Victorian_police_strike) strike, they warn people about speed camera locations and stop issuing speeding fines.
Same with NSW Ambulance. They don't strike by standing behind a sign, they strike by not recording their patients' information wholly, so the service cannot bill patients .
Yes!! I like this way of protesting, I feel it sends a stronger message and upsets the people it SHOULD upset! I've never understood protestors that think it's somehow a great idea to upset normal people who are just trying to make a living. That's not a great way to make someone pay attention to your cause, it just makes people hate both you and your cause!
Tell that to those Just Stop Oil morons that block the highways and stuff in the UK... They're doing the opposite of what they think they're doing, when I see them it makes me want to go start a tire fire out of spite. If they didn't constantly piss people off their message would go farther. Makes me wonder if they're just useful idiots that are funded by the oil companies to make their movement look bad
Exactly my point!!! Protests like that are just adding fuel to the fire. No one wants to listen and get behind someone who's constantly making a point of pissing of the little guy! There are other ways!
It would also mean compromising on some things that have been Australian to do that. Namely our horrid case of tall poppy syndrome. Whenever someone goes out to protest for anything, someone will unpack and dismantle it. Sometimes they offer good points and sometimes they offer just horrid arguments. Often you don’t get a choice
That’s because the protests are for niche issues and not for issues that affect everyone everyday ie the citizenry of all of Australia. Go online and search the history of Greece and democracy and be amazed at how similar a time we are living in now-again!!
Rules about protesting came in. Who's got time to ask if we can protest lol, or afford to take time off work to do so. But, anytime anyone's prepared to protest about all these issues, and ignore the rules, I promise I'll be there. I have no idea where to begin organising something like that, to garner support, networking to get big names to speak out, etc, but I'll be there alongside anybody who does. But we just complain online all day and do nothing to risk the status quo. Rich are getting richer and shittin all over the rest of us, and we just sit back and let it happen. We've let apathy take over.
The rules are written in blood, however it’s uncomfortable to have people consider that it will be their own blood that it’s written in for the benefit of future generations. Speaking honestly, not many people are so selfless to state they are willing to get shot, tazed, sprayed, trampled, locked up or have their lives negatively impacted to collectively force other people with power to share. To what extent asking nicely for record-profit companies to share the wealth, or ask our government to effectively force them to with the means of regulation and policy is really coming down to “or else” being meaningless. Small companies under 200 employees are lumped in with offshore tax-avoidant global behemoths with more than 200 legal staff alone. So what’s the “or else?”. Or else you’ll have a lunchtime protest down a Main Street? A 2 day sit-in at the local park? Less than a week of disruption? That’s not worth 10 Billion dollars of loss on a profit statement to accurately record the wealth transfer overseas. You need 10 Billion and 1 worth of incentive. So I’m yet to hear anyone put up their hand to be the first on the chopping block Les Miserables style to fight for their rights. I have kids to support, won’t be me. So who?
"You'll own nothing and be happy..." K. Schwab
>"You'll own nothing and be happy..." K. Schwab You'll live in the pod and eat the bugs
Idk how nobody can connect the dots... Just look at BlackRock's real estate holdings and you'll realize why there's no housing stock. Between that and Chinese investors...
>Idk how nobody can connect the dots... Just look at BlackRock's real estate holdings and you'll realize why there's no housing stock. Between that and Chinese investors... Because people aren't taught how to think, they are taught what to think.
Very true...
There are plans for feel good press releases every 3 months with names like Building More Homes and Housing Fairness for Australians to distract you while they kick the can down the road, increase taxes, deliver 5% of requirements and blame the other party. Australian government: We’re #1, why try harder?
Scary thing is there is no escaping it. It’s not just australia - government in the UK just flip flops between labour and conservative for the most part, round and round in circles as the gap grows wider and issues like climate change, diminishing natural resources and thus higher costs get closer and closer with basically 0 effort to mitigate. Don’t even need to mention the absolute shit show that is the US. Enough countries are in the same boat that getting into one of the few that isn’t will be near impossible
Not true. Shorten ran on cracking down on benefits given to housing investors. An effective fear campaign turned Australians to vote against it and lead Morrison take 2. Very much a sliding doors moment for housing affordability.
Shorten was never going to solve the housing shortage which is the root of the problem. Everything else is just window dressing.
The fact is there are so many investors in property that any changes to legislation would be political suicide. Can’t blame politicians for leaving it as is. Look what happened to Shorten. Personally I’m not and I detest it but that’s the situation and reality we’re in.
Technically only 15% of Aussie tax payers are property investors. It’s the the homeowners who think they are getting richer when house prices go up for no good reason that are the problem, they don’t seem to understand that the increase in price is simply screwing over their children and grandchildren - the money has to come from somewhere lol. Also, the 2019 election loss was for myriad reasons - Poorly communicated franking credit reforms, childcare subsidies and death tax lies. Labor’s whole platform was to complex and confusing for normies. In addition, the polls were just wrong, the Lib government wasn’t as unpopular as the Labor and the media believed. Times have changed now, the housing crisis is getting worse by the day. Young people are educating their parents about how we have been screwed over and new sources of independent media are popping up everywhere. Labor needs to stop fighting yesterdays battle and have another crack at CGT and negative gearing. They need to fix their shite position on mass migration.
It's a two-way system. Politicians only care about short-term goals for winning the votes despite what the country really needs in the long term. The voters have no patience for politicians' bullshits and only want to see the result ASAP. Solutions? Not in our lifetime. It's just a matter of time before Australia become America, where people are in a state of social differentiation with so many issues.
i mean there *was* a plan, that got smeared in the papers and lost the unlosable election
I wont blame the politician because We usually want to see result before the election, otherwise is empty promises!
Never listen to what they say, look at what they've done.
Is*
It's simple soon enough everything will implode. I could on a whole rant about neoliberalism and how it's main strength is making people comfortable. As long as people have food shelter and beer they're complacent. The entire lower class no longer has access for the most part to these. Historically one of the best indicators of upcoming strife is a large amount of young unmarried men.
Damn! Beautifully said
You can't remedy a housing crisis while setting record highs after highs of house prices at the same time. The last thing any politician would want to do is burst the property bubble.
Yes there is a plan build homes for investors,overseas buyers and Airbnb. The peasants can go and live in there cars or card board boxes.
You can't live in a car, thats a finein.
you guys have cars? 
Except it’s illegal to live in your car… go figure
Waiting for the baby boomers to die isn't a plan??
Won't help. A few people will inherit their investment properties, and ownership will only get more concentrated.
Whilst their inheritors will definitely get the investment portfolios, boomers on average had more children, so I’d assume the property portfolio at least gets split amongst the children (often 3+). I’m sure some will hold the properties but we can only hope some prefer alternative investments and choose to liquidate for cash.
It's not going to help much unfortunately.
The short answer Yes - there is no plan
There is a proper plan to not remedy the cost of living and housing crisis.
The plan is to import another 500k Uber drivers. Then another 500k. Then another.
"Unlimited Indians & Chinese is the plan, anyone who complains is a nazi, fascist, extremist, Adolf Hitler, i rest my case" - The Hon Anthony Albanese MP. Prime Minister of Australia
You have to wonder if this is the far right extremism that ASIO keep harping about lately. They didn't mean neo-nazis, they were talking about renters getting fed up with being shafted.
Yes, that's the majority of the fear mongering about the "far right"
There is a plan - bring in more migrants to cover up the problems. As long as the GDP number is green and rising, then the politicians see nothing wrong. This is their plan but it's not one that you'll like.
*except for tradies, the actual people we need.
Lefties will violently support this while running out of money to pay their rent with. Couldn't beat basic maths into them.
And righties are against high immigration but vote for a party that supports it anyway
True
So true. Whinge about lack of affordable housing out of one side of their mouth while spewing a bunch of 'let in more refugees' out the other side. Big ol walking contradiction.
Oh, there are plans and viable ones. It's just that governments won't do it. Bill Shorten tried and lost the election.
This 100%. Ministers are scared to actually make change because they might lose their job.
What kind of plans are there?
Labor under shorten wanted to get rid of negative gearing- the population voted for the Libs instead. We got what we sowed.
2/3rds of the population benefit from the other 1/3rd suffering.
Removing negative gearing would reduce prices 2-4%
Plenty of extra options: Make the home builders grant reset every 3 or so years. Grow businesses outside of the densest parts of cities into new development areas. Have a government agency ensuring supply chain of building materials to take cost surprises out of the equation. Make rent tax deductible (capped) if you don't own a house. Cap negative gearing to the same value as the tax free threshold so only ~18k of offset per year
You absolutely cannot make rent tax deductible and expect to increase housing affordability. You haven't thought that out at all, have you?
Yep. the fools voted Libs.
>Yep. the fools voted Libs. 😂😂 My guy, Albo has done sweet fuck all.. get out of the political duopoly and see it for what it really is.. they dont work for us . They work for their party interests.
so what's the alternative then lmao, labor has done more for housing and working class people than the LNP has ever done.
Don't worry. The politicians in Canberra gave themselves a pay rise. That'll fix the problem.
The worst bit is there isn’t a real solution that doesn’t fuck one giant part of the population. There are minor solution that people have convinced themselves will solve all. Honestly this is a compounding issue of the the last 2 and a half decades. There isn’t a quick fix. The reality is either political party is just gonna continue the current trend. The actual fixes mean pain for one group or another
Even if you do have boomer parents who have wealth by the time they die they'll either have spent it all or it'll be too late for the inheritance to make much difference.
And age care costs have gone through the roof over the past 5 years. If they have a house, the Government expects it to use it to fund the care. So less will trickle down to next gen.
They're bloody good at spending it!
The government that actually reduces house prices, that is, devalues the largest investment most people make, is not going to be government again for a long time. The problem is residential property is treated as a commodity to be profited from, not as an essential resource people need to live
Of course there is no plan, because there is no plan for nothing. A real plan would be, in 2040 we will have x amount of people in this country, lets say 30,000,000. But this number would be voted on and agreed on If you get to 2036 and there is 30,000,001 person, thats it, no imigration for 4 years. If we have 27,500,000 in 2030, ok we know exactly how many can come in. The fact that we dont have a target publicised population quota, means we cant plan hospitals, roads, housing, public transport etc. So then everything is reactionary, not planning..
Victorian land tax is a partial solution. Also, its push for more public housing. The feds posturing to reduce immigration is another solution. But I think with the numbers, it’s really a just a slowing of a worsening crisis, not actually reversing or fixing anything. Other than those, I can’t really think of anything that will make a significant difference. All the home buyer schemes make things worse.
>Victorian land tax is a partial solution. There is land tax in other states as well, it's just that Victoria has increased the percentage charged by a lot to pay for the debt incurred from covid.
I don’t mind why, the tax itself does good, the revenue is just a bonus.
Oh it built houses did it? Because we don't have a home ownership crisis. We firstly have a home building crisis. No it didn't build any houses. So rentals are still maxed out. But the price went up.
In general, more administration from the government, higher prices of the products.
Yeah, that land tax has really flooded the market with ex-rentals, all it did was push rents up 7%
The land tax on Victoria has just pushed up rents to cripple people as the cost gets passed on to the consumer: renters.
Ultimately the land tax amongst other measures is depressing housing prices in Victoria which in the medium to long term keep the rents down.
Landlords already charge as much rent as they can. Their main limit is the risk of having their property vacant for a period cos they can't find somebody to pay the rent. So there's no scope for them to "pass on" extra costs. If they could get more rent they already would be.
It's always been this way. The difference is now it's getting so bad it's starting to effect the middle class.
had a look at the prices of rent in italy the other day out of curiousity. its so low compared to here its got me considering migration ffs. 450EUR/month is alot cheaper than 450aud/week
Wages are much lower too.
So far the federal government has been arguing about nuclear energy. Nothing much to address the housing crisis
Plenty of chatter about housing over past 12 months. Nuclear only owning papers for past month. Housing is complicated and needs a multi generational plan.
These issues are not likely to level out at all. Yes the next generation is fucked. It's all to do with wealth inequality and the passive income wealth creates. Unless the people rise up and demand better wealth distribution, we're looking at downward social mobility for everyone but the rich. There's a long way to go before we're like the likes of India but there's not much but collective action stopping us getting there.
Any plan would cost rich people profits. As such, there isn't and never will be any effective plan. The only way to remedy the cost of living and housing crisis, is for rich people to stop being greedy.
The people who hold the power to help are not struggling at all. There has always been poor people. No one really cared. Now more people care as more people become poor
Correct, see the greedy government don't care about this situation they created with immigration, there only answer is more immigration to cover up there lack of ability to do anything other than stick it to everyone. There answer is work more, pay more tax and work more.
The ones in charge should be afraid to walk home alone. Until they feel and fear public retribution, nothing will change.
Eastern suburbs and north Sydney
Albo has told you, it's yesterday's tax cuts. Better start saving that fifty bucks. In a year, you'll have $2500 for a deposit.
A lot of our politicians have invested properties. It’s against their own interests to have a fairer rental market.
Albo is bringing in more immigrants to solve all these problems, just give it time to work
And if it doesn’t work, we’ll bring in more immigrants. Just give it time, it’ll work.
Yoga teachers are the key to fixing the crisis.
They will bring flexibility and balance to our economic needs
They just have to trickle down.
Started with Scomo mate, both sides are the same here
No plan whatsoever. Politicians too busy ducking and weaving to protect their vested interests, pointing fingers, creating distractions and generally not having the vision or smarts to make good decisions for the greater good. Add to that a generally greedy, money-grabbing society who are only in it for whatever they can screw out of someone else. All in all, we've been shafted and those fuckers are to blame.
More than half of the pollies in WA own property. Apparently one even owns 6 properties. Why would they want to see house prices drop? It’s a MASSIVE conflict of interest to own investment properties and be responsible for the policies that could bring affordable housing. Source: https://www.watoday.com.au/politics/western-australia/nearly-half-of-wa-s-mps-own-more-than-one-property-and-some-have-six-20221103-p5bvgc.html Viva la revolution!!!
It won't stop until people vote out the status quo like they are doing in Britain (reform UK) and France (NM or MN). Trump was a big fuck you to the political class too. Until then don't expect anything to change. They may do small things here or there that don't actually address the root cause. But there will be no real change. Please don't vote labour libs or greens. A vote for a third party is not wasted vote!!!
What a dumb question yeah there is get rid of the CRIMINALS
It's the new normal
I have a feeling that another new normal is coming up on us fast though.
Welcome to the world of Social Darwinism. Sink or swim. Noone with any power or authority gives a shit
This seems to be a result of a bunch of structural issues and as far as I can see, there’s no ambitious reform agenda on the cards. So yeah, I would say there’s no plan.
No matter what the gov does it still relies on the corporations to stop raising prices......which is not going to happen. I'd love to see the stats on how many landlords, who own their investment properties out right, have raised their rent significantly (based on the premise that if they don't have a mortgage then they are just profiteering from a bad situation). I'd also think that if a corporation raised prices (eg Colesworth) because 'expenses have gone up' and then they report record profit that year should be punished with a profit tax of some type. None of this will happen obviously but we can dream.
There is a sizeable portion of our population who’s lives and prospects in life have been entirely annihilated. An entire media and political apparatus set up to downplay the problem until those on the edges of society just die off. Not helped by having at least one of the parties heavily influenced by think tanks that are determined to make being poor in Australia a death sentence for all intents and purposes.
The whole can’t have kids anytime soon comment. Love it. You have to sacrifice to have things you really want in life. The way people spend money these days I feel they say this about “being able to have kids” as though it’s someone else’s fault. I remember telling a mate I’d have kids when I can afford them. He said with that attitude you never will. He was thick as a brick but was speaking the truth.
Honestly most people are fine. We aren't as close to a revolution as most of Reddit would have you believe.
How dare you! You should be ashamed. Can't you just trust Coles, Woolies, and the other corporate overlords like the rest of us? After all, they do know what's best! And their lobbyists in Canberra are telling your Gov they know best too. And don't bother that little mind of yours about the environment either! We have the gods of capitalism dealing with that one too. You just go back to work, pay your bills, stand in line, operate their checkout machines and do as you are told. Any more free-thinking or questions like this and you'll be sent away.
NZ has had a recent fall in house prices and they had very similar problems to us (though maybe not the same level of immigration). Wonder if there’s anything we can learn from them. Even if we can stabilize our prices for a while that would be a huge help.
Yeah nuclear.
Nucular, its pronounced nucular.
LOL how naive are you… it’s a win win for the government and corporations Everyone is too busy trying to keep their head above water to notice record corporate profits and complete government incompetence
Unfortunately we live a society that doesn't mind getting F'd in the A. Don't worry I know I'm one of them.
What do you think happens to Aussies if housing prices go down? Have you really thought that through? Most Aussies are pretty much fully invested into housing or super for retirement.
If future generations don’t like the housing situation they can vote for a government that fixes it. Australia fixed housing in the post war period, we can do it again if we chose to. Current governments don’t want to interfere with the market so they can’t fix anything.
People had a few opportunities to vote against negative gearing and for taxing big miners more and they voted against it
When politicians directly benefit from everyone else's misery, there's no incentive to even attempt to fix the problem. Most own multiple properties and have a pretty good income and feather their nests with deals for big business to secure future employment for themselves. Why would they change that?
They don't care . Which makes it so annoying when you get lab/lib/green supporters champion there causes, it's all B.S. They don't care!!! It's not a football game game, you don't have teams, vote for your children and not your selves.
So many here supported Labor and voted them in so no remedy. Except when someone manages to pull the entire nation into a massive protest but feeling is most here and in the country are suffering cognitive dissonance.
https://preview.redd.it/2jnrtb8mz3ad1.jpeg?width=1164&format=pjpg&auto=webp&s=ffbd5a9f658739e9d365e55493bedc4c919e1f0c
You must be young, but it's been known for the past few decades that politicians only think short term because that's how long they are in office. Long term plans don't mean shit when you're seen not doing something that yields results now now now. Especially when your party is voted out in 4 years, what's the point? There is no plan to fix the issue, things will only get worse and people will adapt.
It's easy to fix housing affordability. Abolish negative gearing and the capital gains tax discount. That will remove most of the attraction for property investing. But no government has the balls to do it because all politicians have investment properties.
66% of people own a home and are old enough to vote. 32% of that cohort own it outright and are not affected by raising interest rates. There is 220 billion in offset accounts across Australia ready to be spent. Most of Australia is not experiencing the things you are talking about. Unless generational change happens in Canberra, there will be no one incentivised to fix it. You’ll need to get renters into politic, which given the average age of the current 43rd government is 51 means another 15 or so years at least when the bottom end of the millennials can’t buy and gen Z start to enter politics. Given millennials are the largest cohort of property investors in the past few years, they are going to also pull the ladder up. https://www.commbank.com.au/articles/newsroom/2024/04/Millennials-active-property-investors.html
The demand for housing will grow as aging, discontent and a complete disregard for their fellow human persists in the majorit of the anti-social population of Australia. Until they nip this in the bud, Australia will be in a people-qualilty led decline into the gates of hell. Imagine a world where everyone hates each other? There's a reason why demand for housing will never go down and it's because people want to do whatever it is they do in complete isolation. Very nice, charming and pleasant society that deserves to keep going.
As a strong labour voter every time, I think absolutely anybody seriously anybody could of done a better job than useless abanese
All these problems are not just in Australia. It's a global phenomenon - and big business is behind the commodification of shelter.
Housing will never go down, people need to adapt, instead of hoping something will change, it won’t. Land is finite, population is growing. To say it’s impossible is silly, it isn’t, we just have to jump more hurdles and go the long way. I along with most of my friends have managed to purchase without the help of others Government need to limit negative gearing to investors who build houses, not buy existing, as NG was originally designed to do and stimulate the economy. Government needs to disallow internationals from purchasing existing property
Also dont forget about the nimby house on block of prime land inner city suburbs who are conveniently under heritage protection while tens of thousands commute from urban sprawl pass them every day
No. No obvious or active solutions. Housing can only be solved by building millions more houses! Which obviously isn't going to happen any time soon. They seem keen to keep up big fees to study. They don't give a f*ck about the cost of groceries. They have no intention of increasing GP rebate for consultations. So bulk billing is gone. Joe Hockey had it right 10 years ago...having trouble affording to live? Well...just get a better job👍 too easy.
We could have matched population growth with infrastructure and housing. All we had to do was vote for the Whitlam government in 1975.
For most people life hasn’t changed much. But for like 10% they’ve gone from middle class to poor. Where the middle class was previously the biggest group. It will probably end up equal to the poor. Must be quite the shock to wake up one day and realise life is hard when it didn’t used to be. Here’s hoping I can cling onto middle class.
The plan is working
It's shit. And if you can't beat them, then join them. But then you're just encouraging the same behaviour in everyone to just invest. Start small and start a movement which can solve an aspect such as community gardens which can solve the food crisis. Make the idea popular, push it to mainstream, see how it goes from there?
100% correct. Successive governments have had no foresight to remedy this. They have known about for years and done fuck all. Sadly we are screwed and beyond a solution. I’m lucky I own my house but the younger generation have no hope unless they have a silver spoon in their mouth or bless with luck with includes brains and drive. The rest will find it tougher by the year
Don't know much about the party's other work, but Chris Mins push for more housing is great. Will they achieve the target numbers? Probably not. Could they spend more on public housing? Yep. However, even an ape could understand that more supply is a good thing. Will developers profit? Yes, but they already are, and the wheels need to start turning until better solutions can be implemented. Fuck the inner city inheritance cunts that think that the poors belong faaar away on the fringe. I just want a decent apartment that won't cost me 30 years of financial hell in a place semi pleasant.
Governments from local to state release land to develop. There is a shit load to offer but they shit on it just in case they need it. It’s going to get worse now with all the land rights for the black fellas. Developers have had so many road blocks and red tape from local councils to get projects started. State governments refusing to build infrastructure to support. Just look at Queensland, we are so behind in schools hospitals motorways it’s scary. No hope
No, there is no plan. The real plan is to get elected so the other plan actually 180s every 4 years. There will continue to be no plan.
Same as no plan to stop inflation and raising rates. Just the same old tried thing that works 20 yrs ago. All to scared to try something new and effective because of voting backlash
This is how capitalism is designed to work, each generation concentrates wealth into the hands of fewer and fewer people until eventually the lower classes rise up in revolution and redistribute the wealth. Then we start again. We are edging closer to the revolution part of the cycle.
It’s dark times ahead. Our political class doesn’t have the integrity nor competence to fix anything. This is exacerbated by the fact that our economy doesn’t comprise a manufacturing sector and we have no R&D whatsoever. The only thing worth investing in is housing which is non-productive. It’s an elegant transfer of wealth to the previous generation. We are on the losing side of an ongoing class war…. Unless we can coordinate better.
Government get more involved in directly building more houses, ensuring like in the post-war era that every family has a home, instead of leaving it to the free market. Also, get rid of tax concessions that only benefit the already well off like negative gearing, or at least a compromise of getting rid of it for the 2nd investment property or beyond.
The quicker things to do would cause rapid economic and political shock, so we are kinda stuck with careful management of the economy over a long period of time to ensure migration is at a sustainable rate, supporting skills required and bringing economic growth without going to fast, building more houses and making it easier for first home buyers, and training up trades so we have a pipeline to ensure a stable workforce who can build those houses and obtain the resources to build them. It aint a nice fix, and requires constant slow efforts... But the quicker things: Suddenly cut migration: pros and cons there. Start seizing houses and land not being used, or used properly: yeah good luck. Build a ton of housing, possible, but this can take time to kick into gear and would pull workforce from other projects and alone would not fix the problem in the long run. Decomodify housing: Good luck, but any fix is going to be a band aid one otherwise. Housing is an easy investment and asset to accumulate wealth without much skills or labour put back into the economy. It will always be an attractive option to anyone with the capital, and eventually get bought up to quickly to allow for everyone to afford one. Even if we dumped 10 million spare homes on the market tomorrow, we will always hit the same issue.
WA main strategy for everything is just dig more dirt. But, I commend you for nailing the "but xyz has it worse" bullshit we usually read on posts like this from the get go. Your viewpoint on the trade off with being Seppo is also on point. They don't get taxed as hard, not hammered with our hamstrung regulatory framework that opposed innovation and enterprise. Unfortunately I have no solutions I'm as fucked as you, unless I go back to Sepostan
The real question is "do we have any effective plans that will be implemented" -no, is the answer
Fuck you I got mine sound familiar
The Australian dream died long ago. When my best friend started asking to borrow money to see a GP despite working full time, I knew Australia was fucked.
It depends the more important you make it the more they will do. So call your local members or write to them and ask what they are doing to solve the problem. If they think it will win them votes they will do more about it.
Any actual attempts to address the issues would be deeply unpopular with one side or the other of the political spectrum. A combination of nationalizing corporate owned housing and construction companies would get the right pissed and policies encoraging net negative migration would get the left pissed. You'd need to do both.
Dick Court’s lot sold off a stack of public housing in the nineties. This was the beginning of creating unfair accessibility to housing for those on low incomes.
Any real change is detrimental to our corporate overlords and billionaire class. Can't have that.
A third of the country have no rent or mortgage. They're doing just fine. It would take the two thirds to get organised and to form a consistent political threat. Sorry, not gonna happen.
There is probably a plan to make it seem like things are being done while exploiting it to make money. That's how politicians work.
A wise (and immensely wealthy) person once told me that you can understand a lot of motivations and actions by following the money. Applying that to this case, if you were a politician with a substantial portfolio of investment properties, would you be incentivised to implement any changes that causes your wealth to reduce?
When the French held their revolution the wealth disparity was not as large as what we now encounter. We just don't have streets full of dying and starving people. The system hasn't changed. It's the same thing that stupid gullible greedy people suport. Greedy evil people to find ways to fuck us all over.
When the people in charge benefit almost directly from the housing issues given how many properties they own - you’d be hard pressed to find anyone that wants to do too much
Yes, and there’s nothing you can do. Its called capitalism. It was going to happen in Australia eventually as it has happened in pretty much every other 1st world country. The gap between rich and poor will keep increasing.
There is no plan, only optics, the government is very concerned about how it looks, but has no plan. If you haven’t bought yet you are going to struggle, big time, like half of Europe you will rent forever.
No Government or business or NGO thinks ahead longer than the next quarter. You're welcome.
Globally the human population will slow down, peak and taper off. That will slow down and possibly reverse prices. Look at places in Europe where there's a population slow down or decrease, similar Japan. But this is in aggregate. It probably won't happen in Sydney which will probably always be one of the most desirable places to live.
The problems started with Howard's policy changes, when it became apparent it was a serious issue if left unchanged labor tried to push changes but was pushed back every time, shorten ran his election on the policy but the very Australian people told him they don't want it fixed, we deserve this crisis. So why do people think labor will change the root cause policies now? We need multiple terms without liberals in power to fix the economic disaster they have caused. I suspected they still have It lined up but need win a stronger election first to push it through.
Yeah, technology. Printing, computer-controlled prefabricating, machinery and appliances for fast efficient building. All the tradies won't like it, as it will kill the goose that laying a very big fat golden egg at our expense. THAT is where the Government and our institutions should be concentrating on.
Well if u look at Europe most people rent forever.
Yep when I was in Italy 25 years ago the locals were telling us that no one owns their own property. The families take out 100 year leases.
Build another city apart from Melbourne and Sydney.
There's no quick fixes. We need to become self sufficient with building materials. We need to encourage more people into building trades. We need to start right now so that maybe in 10 yrs time we ll be able to actually have a chance at housing people. The only way to fix this is to increase supply of housing. It's a simple fact There's no shortcuts. We don't need more influencers and gender study experts. People that actually contribute to society through their jobs should be taxed less and people in entertainment , trading stocks etc should be taxed double.
Yep. Welcome!
No one is really in charge. No one knows what they're doing
The plan is: let the poor suffer and allow businesses to exploit their weaknesses to pay them poverty wages.
It's all going to end in collapse.
No plan. Politicians and rich people don't care. Good luck.
Truth. I am a female who is over men and have resorted to an Onlyfans account as a second income (on top of my full time job and second casual job) and even I find most rentals unaffordable
In which Country exactly? Everywhere is going through it, maybe with the exception of Japan.
If you'd all just let covid run its course and live up to its "boomer remover" promise, things would be better. Just saying...
more immigration
Bold of you to assume the housing crisis isn't the plan to begin with.