Australian news and politics.

[Sharkman84]

Why rents could surge without helping first homebuyers

A leading property economist is warning Labor’s negative gearing and capital gains tax changes will cause rents to soar without seeing more first homebuyers enter the housing market as investors lost interest.

thenightly.com.au

 

[tsf]

The last 24 hours of one nation is hilarious.

Fucking pea brains and drunks.

Literally making up policy during interviews. Zero ideas.

A small part of me would like to see them in for the entertainment.

 

[tsf]

Transgender rights are such a minor side issue, I don't understand why they get so much fucking airtime.

With that said, I wonder what the Greens do in, say, 10 years if we continue to make such rapid progress on the energy transition. Their raison d'etre as a party is more or less gone.

Most greens voters are the off spring of liberal voters. They just live in the inner city and want to pretend they’re open minded while managing their investment portfolio.

 

[Toebash]

Most greens voters are the off spring of liberal voters. They just live in the inner city and want to pretend they’re open minded while managing their investment portfolio.

Interesting view, is there a reason you think that? I’ve historically largely voted Green. My parents are both rusted on labor voters and there’s nothing inner city about the shithole Sydney suburb I grew up in, nor do I have an investment portfolio (unless super counts!) From my interactions with greens voters, what you’ve said isn’t my experience of them at all.

 

[LFC]

Interesting view, is there a reason you think that? I’ve historically largely voted Green. My parents are both rusted on labor voters and there’s nothing inner city about the shithole Sydney suburb I grew up in, nor do I have an investment portfolio (unless super counts!) From my interactions with greens voters, what you’ve said isn’t my experience of them at all.

I tend to agree generally this.
I’m sure there is a % old er trendy city wanka yuppie ex Lib professional Hippocrites as tsf mentions but not the majority I feel.
Greens have been in plenty of lost souls from either side of the fence and swingers.

 

[tsf]

Interesting view, is there a reason you think that? I’ve historically largely voted Green. My parents are both rusted on labor voters and there’s nothing inner city about the shithole Sydney suburb I grew up in, nor do I have an investment portfolio (unless super counts!) From my interactions with greens voters, what you’ve said isn’t my experience of them at all.

Thats my experience in Melbourne. Maybe it’s different there but it’s largely the case here.

I live inner city, always have. Thats definitely what I have encountered here.

 

[LFC]

Thats my experience in Melbourne. Maybe it’s different there but it’s largely the case here.

I live inner city, always have. Thats definitely what I have encountered here.

Tsf
Being your state more so your city been a labor union state for an eternity prob more of them than the % of wannabee well off old Lib hipsters.

 

[Sharkman84]

I tend to agree generally this.
I’m sure there is a % old er trendy city wanka yuppie ex Lib professional Hippocrites as tsf mentions but not the majority I feel.
Greens have been in plenty of lost souls from either side of the fence and swingers.

The former you talk about are what makes up the Teals I feel.

 

[tsf]

Tsf
Being your state more so your city been a labor union state for an eternity prob more of them than the % of wannabee well off old Lib hipsters.

There are no much real ‘left wing’ people in Melbourne inner city.

‘Progressives’ yes. But rusted on working class left wingers? They have either mostly moved out or probably gone to right. This is only from personal experience but the majority of greens voters here are wealthy that have moved from other areas.

Or stupid students

 

[tsf]

Also not having a go at greens voters. Anyone can vote anyone. I don’t care.

There are probably some good greens politicians but the ones here for me were awful.

 

[HonestSpursFan]

Most greens voters are the off spring of liberal voters. They just live in the inner city and want to pretend they’re open minded while managing their investment portfolio.

Not true, most seem to come from Labor families and a lot are renters or quite poor (since the Greens believe we should just give out money). The most Green suburbs were all once working-class Labor strongholds with lots of trade union activity (Carlton, Collingwood, Fitzroy, Newtown, etc). Ironically though, Arthur Calwell (a former Labor leader who supported the White Australia Policy) held the federal seat of Melbourne, yet Adam Bandt (the leader of the Greens and a complete wokester) held it decades later.

However, teal voters are often either tactical Labor/Greens voters or wealthy people who were or whose parents were Liberals (the teal seats all overlap with Liberal state seats; in Sydney this is helped by the NSW Liberals being more moderate and NSW state elections using OPV over FPV). Many of the MPs and candidates themselves come from Liberal families (Monique Ryan didn’t though which is unsurprising).

 

[Football us life]

Thats my experience in Melbourne. Maybe it’s different there but it’s largely the case here.

I live inner city, always have. Thats definitely what I have encountered here.

Most of the Greens voters supporters I know or know of are generally nice middle class, mostly females who have enjoyed nice middle class upbringings with a good university education and now have reasonably good careers.

They tend to live in inner city districts where you'd probably need a 100K income just to get by.

One particular lady who my wife is very friendly with has a husband who drives a Ford Ranger Raptor!!

Apparently they neef it because they go camping a lot....

It's the classic pattern – people doing reasonably well in the "knowledge economy," living in walkable, amenity-rich (but expensive) inner suburbs, who prioritise issues like climate, social justice, and housing supply in theory, while personally insulated from the sharper edges of economic disruption amd less exposed to direct hits from energy price spikes, mining slowdowns, or manufacturing relocation.

 

[LFC]

Most of the Greens voters supporters I know or know of are generally nice middle class, mostly females who have enjoyed nice middle class upbringings with a good university education and now have reasonably good careers.

They tend to live in inner city districts where you'd probably need a 100K income just to get by.

One particular lady who my wife is very friendly with has a husband who drives a Ford Ranger Raptor!!

Apparently they neef it because they go camping a lot....

It's the classic pattern – people doing reasonably well in the "knowledge economy," living in walkable, amenity-rich (but expensive) inner suburbs, who prioritise issues like climate, social justice, and housing supply in theory, while personally insulated from the sharper edges of economic disruption amd less exposed to direct hits from energy price spikes, mining slowdowns, or manufacturing relocation.

And spending 40/50 bucks for brekkys hahahaha is peanuts

 

[Football us life]

And spending 40/50 bucks for brekkys hahahaha is peanuts

Yeah true, but I'm financially comfortable without turning it into a performance of moral superiority. There's plenty of people with reasonable means who seem to feel compelled to broadcast their donations, lifestyle choices, or political opinions as proof of goodness.

 

[JS96]

Yeah true, but I'm financially comfortable without turning it into a performance of moral superiority. There's plenty of people with reasonable means who seem to feel compelled to broadcast their donations, lifestyle choices, or political opinions as proof of goodness.

Humble, fair and active is the way. The people who say they care about others and vote accordingly are only looking for their own vindication.

We're seeing the pain of transition now. Might we accelerate it to get over the crest and see the benefits roll in? If renewable are worth it let's go all out. The tech still isn't there though.

 

[Football us life]

Humble, fair and active is the way. The people who say they care about others and vote accordingly are only looking for their own vindication.

We're seeing the pain of transition now. Might we accelerate it to get over the crest and see the benefits roll in? If renewable are worth it let's go all out. The tech still isn't there though.

When it comes to highly emphasising political/ecological ideologies like the push for renewables and the pursuit of "Net Zero" I'm generally in favour of progress..

However whichever way you look at it global net zero by 2050 looks impossible. Renewables struggle with intermittency, grids, materials, and scale. Historical transitions took decades meaning this requires unprecedented acceleration and is highly unlikely without major technological breakthroughs.

Pragmatic progress on tech, nuclear, and adaptation beats performative timelines trotted out by policymakers....

 

[Football us life]

Why rents could surge without helping first homebuyers

A leading property economist is warning Labor’s negative gearing and capital gains tax changes will cause rents to soar without seeing more first homebuyers enter the housing market as investors lost interest.

thenightly.com.au

On one hand Labor’s tax changes limiting negative gearing and CGT discounts on existing properties will discourage investors from the bulk of rental stock. In a tight market with high migration and low vacancies, this reduces supply, forcing landlords to likely hike rents to cover costs. First home buyers will generally gain little, as investor exits don’t reliably free suitable homes amid persistent affordability barriers.....

However there's also a train of thought that this "levels the playing field" for first home buyers by reducing investor competition for existing homes, shifts ownership toward owner-occupiers, and directs investment toward new housing.

Nobody can really be sure of the impacts, as these negative gearing and CGT changes lack direct modern precedent. Unique scale, grandfathering, high migration, and tight vacancies mean predicting these outcomes are highly uncertain.

 

[JS96]

When it comes to highly emphasising political/ecological ideologies like the push for renewables and the pursuit of "Net Zero" I'm generally in favour of progress..

However whichever way you look at it global net zero by 2050 looks impossible. Renewables struggle with intermittency, grids, materials, and scale. Historical transitions took decades meaning this requires unprecedented acceleration and is highly unlikely without major technological breakthroughs.

Pragmatic progress on tech, nuclear, and adaptation beats performative timelines trotted out by policymakers....

Those doing the best work at in the background not getting the plaudits. It's the idiots at the forefront who think they've got a silver bullet that are the problem. Money and focus in the wrong areas.

 

[JS96]

Reports in that properties are piling up and demand is sinking. Of course there's also a rent bump and nervousness.

At the same time this does level the playing field in that people who've been looking to buy their first place for a while have more choice and a bit of a price dip.

I've seen auction footage where no one bids and the sentiment is they're asking too much. The agent parasites are also part of the problem.

 

[Alex M]

Reports in that properties are piling up and demand is sinking. Of course there's also a rent bump and nervousness.

At the same time this does level the playing field in that people who've been looking to buy their first place for a while have more choice and a bit of a price dip.

I've seen auction footage where no one bids and the sentiment is they're asking too much. The agent parasites are also part of the problem.

Seems like Fear of missing out has been replaced by fear of paying too much.