Australian news and politics.

[zimbos05]

If you look at the above ABS graph (and LFC's numbers), they have always been less under the Coalition going back to 2015. It peaked at 277k, declined to 240k just before COVID hit.

Under Albanese NOM has gone from the record high 528k to 306k but still above the Coalition peak.

So again, the government inherits the policies implemented by the previous government.

Housing affordability is a big issue. Population growth is not the only cause of housing unaffordability but is a big driver of housing demand. It *has* to be, because people have to live somewhere. With rising demand, prices go up.

To say otherwise is like blaming a 4 litre bucket for overflowing with 8 litres of water rather than turning the tap off.

1% of people own 25% of investment properties. When less own more, then supply diminishes for the others who want to buy. Migrants cant just buy from day 1. No one gets off a plane, walks to an agent, and buys a property. People are not competing with migrants for houses.

 

[state of origin]

1% of people own 25% of investment properties. When less own more, then supply diminishes for the others who want to buy. Migrants cant just buy from day 1. No one gets off a plane, walks to an agent, and buys a property. People are not competing with migrants for houses.

That's a simplistic argument as I'm constantly amazed by the numbers of rough sleepers i see daily in my part of suburbia which was never a thing even 15-20 years ago. Not sure how many of these are fobs, but anecdotally it would seem not many. I blame migration pure and simple.