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.

 

[zimbos05]

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.

How is it simplistic? 1% own a quarter of the houses. That means every time new houses are being built, they are not being bought by the people living rough, but by people who already own houses. People who don't need multiple properties are taking them, hoarding them, and charging stupid rental rates further creating a division in which people are stuck paying rent, or having to live very poorly in order to save a deposit to get out of the rental hell.

Populations are going to grow. Australia's has to grow, and with birth rates lower, you need migration. Again, migration rates are lower. When you price people out of the market and you hoard properties, you push people to the streets.

In Victoria, which has built more houses than other states, areas with higher population growth did not experience higher property price growth at all. You blame migration because it fits a narrative, not because it is the actual reason.

 

[Sharkman84]

A suspected case of the highly pathogenic H5N1 bird flu in Western Australia has been confirmed.

Agriculture Minister Julie Collins flagged the possible case of H5 yesterday, but confirmed it this morning.

H5 bird flu confirmed in Australia for the first time

A suspected case of H5 bird flu in Western Australia has been confirmed.

www.nine.com.au