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Australian news and politics.

Football us life said:
I was reading something in the local free paper they stick in your letterbox that there has been a spate of burglaries and car thefts in my middle class bayside suburb of Brisbane this year. Police are onto it....apparently.

Now I reckon that if you had a good look on google or asked Copilot who knows everything about everything and everywhere, that there's a study out there that looks at the correlation between neighbourhood crime and home ownership.

And it no doubt will say that areas with higher homeownership rates tend to have lower crime rates, including property and other localised crimes.

Why?

Homeowners are often more invested in their neighborhoods, leading to greater social connectedness and trust among residents, which I'm sure can help deter crime.

And not just homeowners. If you give people who will never be able to buy their own property at least a good reliable long term rental or social housing property such as Housing Commission homes then they will become invested stakeholders in the neighbourhood and local community....
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This sort of long term thinking is not for everyone.

It's like people who just seem to think the answer to crime prevention is about putting people in jail and throwing away the key, or chopping people's hands off

Not just fixing parts of society where people would be likely to fall into the trap of crime, and prevent it so that it doesn't become a problem.
 
melbcityguy said:
www.theage.com.au

Young people most likely to see political views as dealbreaker for friendship

A new poll found young people are more likely than their older counterparts to believe they could not be friends with people who hold differing political views.
www.theage.com.au www.theage.com.au
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I'm not exactly young like the ones in the article but my very good friend has is definitely left yet we just don't talk about politics. We agree and disagree on certain matters civilly. Funnily when matters of school selection or going into town come up I ask 'why don't you want your child to attend that school?' the response is that there's a massive migrant child rate there. Meanwhile they don't go to the city because it's like little Istanbul. Yet they support and campaign for the exact source of these issues or deny it's a problem unless it affects them personally.

My partner has some friends and they're just crackers. Can't even listen to it anymore.

Count the number of people who don't attend wacko protests. Most people have a pretty rounded rational view on things with their personal preferences.
 
tsf said:
I sponsor people from overseas. And short term rentals helped as one girl who works for me could rent a house for a month, then get to inspections for property easier. Actually a few have done that.

I don’t have all the answers but I’m against negative gearing now. We need a new strategy.

In the bright side my commercial property has nearly doubled in 5 years 😅😂
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Oh, I wonder if you would be open to a cap on how many commercial properties one person can own? I mean, it will prevent greedy investors from hoarding commercial space and allow smaller business an entry point into owning their own premises.... All for the good of the nation and all?
 
Monoethnic Social Club said:
Oh, I wonder if you would be open to a cap on how many commercial properties one person can own? I mean, it will prevent greedy investors from hoarding commercial space and allow smaller business an entry point into owning their own premises.... All for the good of the nation and all?
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My argument isn’t about greed or morals. For example, I couldn’t give a fuck if someone invests in weapons companies etc.

I just think if we don’t reform housing we will be up shit creek. It’s a bad policy. People need homes to live in.

In ten years when we have cunts all over the street (the way it’s going), the same people will just blame the left
 
tsf said:
My argument isn’t about greed or morals. For example, I couldn’t give a fuck if someone invests in weapons companies etc.

I just think if we don’t reform housing we will be up shit creek. It’s a bad policy. People need homes to live in.

In ten years when we have cunts all over the street (the way it’s going), the same people will just blame the left
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Investment loans in residential are now 6 times the rate of owner home loans.

That's fucked and no post hoc justification makes it ok.

You made money, set your kids up, good. That doesn't mean bad policy should be not subject to change.

australianpropertyupdate.com.au

Property investors drive home loan demand

Investor lending leads Australia's home loan recovery with significant growth, while owner-occupier demand lags. Explore state-by-state trends.
australianpropertyupdate.com.au australianpropertyupdate.com.au

Read that article and with a straight face tell me this isn't a problem.
 
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Muz said:
Investment loans in residential are now 6 times the rate of owner home loans.

That's fucked and no post hoc justification makes it ok.

You made money, set your kids up, good. That doesn't mean bad policy should be not subject to change.

australianpropertyupdate.com.au

Property investors drive home loan demand

Investor lending leads Australia's home loan recovery with significant growth, while owner-occupier demand lags. Explore state-by-state trends.
australianpropertyupdate.com.au australianpropertyupdate.com.au

Read that article and with a straight face tell me this isn't a problem.
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The focus on existing properties underscores the difficulty of boosting housing supply, even as population growth and affordability challenges mount.

Claiming something is the ONLY problem is what I have an issue with...
 
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I was reading somewhere recently that a 2% wealth tax on individuals with more than $5 million in assets (excluding the family home) could generate an estimated $70 billion annually...

Well I'd be happy if that was implemented if some of the incoming money was used to build desperately needed social housing. Unfortunately I doubt that any Government would even attempt to try get something like that done. For a start it would affect many of those sitting MP's on both sides of the political divide.

Edit) Yeah I know I'm sounding like a communist.....🤣
 
Monoethnic Social Club said:
The focus on existing properties underscores the difficulty of boosting housing supply, even as population growth and affordability challenges mount.

Claiming something is the ONLY problem is what I have an issue with...
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You know what would help with supply? Investors being locked out.
 
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Football us life said:
I was reading somewhere recently that a 2% wealth tax on individuals with more than $5 million in assets (excluding the family home) could generate an estimated $70 billion annually...

Well I'd be happy if that was implemented if some of the incoming money was used to build desperately needed social housing. Unfortunately I doubt that any Government would even attempt to try get something like that done. For a start it would affect many of those sitting MP's on both sides of the political divide.

Edit) Yeah I know I'm sounding like a communist.....🤣
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And get royalties from our gas and minerals.

Nurses pay more in taxes than they collect from the PRRT.

HECS graduates and students pay more than the PRRT.

Most resources companies don't and will never pay the PRRT.

But you have to argue with billionaire bootlickers and risk being called a communist, like you said, for suggesting such heresy.
 
Monoethnic Social Club said:
So reducing the demand is going to increase the supply? Shit, thats some next level economics right there...
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Are you serious? If there are 10 houses and 9 would be bought by investors and they can't buy them who do you think they're going to go to?

Supply increases when demand drops. That's economics 101.

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ABS data also revealed a historically high number of new investment loans, while home ownership rates continue to fall.

Investor loans in the state were up by 12 per cent as of June 2025, new investment loans rose by 3.5 per cent in the June quarter while new owner-occupier loans rose 0.9 per cent.

Mr Palise said asset inflation is pushing property prices further away from wage growth, leaving future generations locked out of homeownership.

According to Mr Palise, if this trend continues, Australia’s capital cities will soon resemble New York or London, dominated by investors and out of reach for people on ordinary wages.
 
Muz said:
Are you serious? If there are 10 houses and 9 would be bought by investors and they can't buy them who do you think they're going to go to?
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If there are 10 houses that cost a million bucks to build and investors aren't able to buy them, how many more will be built the following month do you think?
 
Muz said:


ABS data also revealed a historically high number of new investment loans, while home ownership rates continue to fall.

Investor loans in the state were up by 12 per cent as of June 2025, new investment loans rose by 3.5 per cent in the June quarter while new owner-occupier loans rose 0.9 per cent.

Mr Palise said asset inflation is pushing property prices further away from wage growth, leaving future generations locked out of homeownership.

According to Mr Palise, if this trend continues, Australia’s capital cities will soon resemble New York or London, dominated by investors and out of reach for people on ordinary wages.
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10 years ago the fear mongering was we would soon resemble Hong Kong, nows its London and New York eh? Fascinating.
 
Monoethnic Social Club said:
If there are 10 houses that cost a million bucks to build and investors aren't able to buy them, how many more will be built the following month do you think?
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Well based on current immigration rates. 10.

And that's a ridiculous argument. Investors aren't buying them and leaving them empty. Those houses are going to people that need to rent them to live in them.

You think investors are buying houses and not tenanting them out?
 
Monoethnic Social Club said:
10 years ago the fear mongering was we would soon resemble Hong Kong, nows its London and New York eh? Fascinating.
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Investors book loans at 6 times the rate of home owners. That's not speculation, that's facts.

If you think living in a society where investors are buying houses at 6 times the rate of home owner occupiers is ok then you're part of the problem.
 
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