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Muz said:
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?
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????? I dont follow. So you think new immigrants need housing stock to rent so they can live, but investors shouldn't be able to buy these houses... who will buy them? Would you build 10 houses to make a loss on them? I don;t get the reasoning.
 
Monoethnic Social Club said:
????? I dont follow. So you think new immigrants need housing stock to rent so they can live, but investors shouldn't be able to buy these houses... who will buy them? Would you build 10 houses to make a loss on them? I don;t get the reasoning.
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Immigrants (and locals) need houses to own.

You act like you're doing everyone a favour. A bloke with 20 houses is a cunt not Robin Hood.
 
Muz said:
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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Thats you opinion and you're entitled to it but quite frankly Im getting a little sick of your grandstanding...
Muz said:
Immigrants (and locals) need houses to own.

You act like you're doing everyone a favour. A bloke with 20 houses is a cunt not Robin Hood.
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Liquidate your crypto and go by some houses for the needy then since your NOT a cunt.
 
Pasquali said:
What about the guy who built 20 houses?
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What do you mean? Like a developer or a builder? Are they selling them or keeping them?

Shorten proposed to limit negative gearing to new builds only. At least that was a partial solution to help increase supply.
 
Muz said:
What do you mean? Like a developer or a builder? Are they selling them or keeping them?

Shorten proposed to limit negative gearing to new builds only. At least that was a partial solution to help increase supply.
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Someone who builds and leases it out
 
Pasquali said:
Someone who builds and leases it out
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Capped at 1 or 2 just like any other investor in residential real estate should be. Most builders sell houses they build in any case. Or at least most of the builders I work with. Not too many are building and leasing. Not saying it doesn't happen.
 
Pasquali said:
Someone who builds and leases it out
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Serious question here. How long do you think it'll be before massive corporations start buying up housing stock in Australia, which they do in other countries, constrict supply, drive up rents and do you think that's a good idea?

thewalrus.ca

When Your Landlord Is a Billion-Dollar Corporation | The Walrus

Real estate trusts are sending rents soaring and reshaping Canada’s cities
thewalrus.ca thewalrus.ca

Financial firms today control 20 to 30 percent of Canada’s “purpose-built” rentals—meaning homes built specifically to be rented, according to the human rights commission report. And they keep growing. “REITs are just merging and acquiring, merging and acquiring. The name of the game in the real estate industry is a lot of leverage,” said Ricardo Tranjan, a political economist and senior researcher with the Canadian Centre for Policy Alternatives. Even when financial firms build new rental properties, they fail to add to the supply of affordable housing, because starting rents are set high.

The largest companies own tens of thousands of units each. Starlight Investments, for example, is a global real estate investment and asset management firm that expanded its reach through REIT acquisitions and now owns more than 66,000 residential units. Meanwhile, the government-owned Public Sector Pension Investment Board, which manages retirement pension money for federal workers, including the Royal Canadian Mounted Police and the Canadian Armed Forces, owns a number of properties with thousands of units, managed by Starlight. The Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, the country’s largest publicly traded residential REIT, owns approximately 44,900 residential suites domestically.
 
Muz said:
Serious question here. How long do you think it'll be before massive corporations start buying up housing stock in Australia, which they do in other countries, constrict supply, drive up rents and do you think that's a good idea?

thewalrus.ca

When Your Landlord Is a Billion-Dollar Corporation | The Walrus

Real estate trusts are sending rents soaring and reshaping Canada’s cities
thewalrus.ca thewalrus.ca
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I'll let the experts answer that

I'm fed up with the cost of housing and hope there is a solution
 
Pasquali said:
I'll let the experts answer that

I'm fed up with the cost of housing and hope there is a solution
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I would have thought not having billion dollar corporations owning housing stock is a no-brainer. I don't think we need an expert to tell us that's not a great idea.

And hope is not solving anything. Voting for parties that propose caps, wind backs, reforms and impediments to investor in housing stock is what needs to happen.

But the only party proposing to do anything about it is the Greens and like everybody will tell you 'they're lunatics that can't be trusted with the economy'.

Fine, don't vote for them but don't expect anything to change.
 
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Muz said:
I would have thought not having billion dollar corporations owning housing stock is a no-brainer. I don't think we need an expert to tell us that's not a great idea.

And hope is not solving anything. Voting for parties that propose caps, wind backs, reforms and impediments to investor in housing stock is what needs to happen.

But the only party proposing to do anything about it is the Greens and like everybody will tell you 'they're lunatics that can't be trusted with the economy'.

Fine, don't vote for them but don't expect anything to change.
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Part of the problem.with The Greens is that they are not part of the Canberra 'Political Establishment' and therefore are not part of the conversation particularly in the media .

But that could change....

In rhe UK there evidence is that young people are turning away from mainstream politics ie: Labour and the Conservatives. According to a survey by the polling company Find Out Now, published in the Financial Times this week, support for the Green Party among 18 to 29-year-olds has surged to 31 per cent since the election of new leader Zack Polanski in September. Polanski ran an insurgent campaign advocating for the Greens to expand from their traditional environmental focus to encompass more populist Leftist policies such as a wealth tax and betterhousing policies. Labour, which was polling as high as 39 per cent in January, has slumped to 19 per cent...

The Greens time might well come if the mainstream politicians don't start doing things that help the young.
 
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Football us life said:
Part of the problem.with The Greens is that they are not part of the Canberra 'Political Establishment' and therefore are not part of the conversation particularly in the media .

But that could change....

In rhe UK there evidence is that young people are turning away from mainstream politics ie: Labour and the Conservatives. According to a survey by the polling company Find Out Now, published in the Financial Times this week, support for the Green Party among 18 to 29-year-olds has surged to 31 per cent since the election of new leader Zack Polanski in September. Polanski ran an insurgent campaign advocating for the Greens to expand from their traditional environmental focus to encompass more populist Leftist policies such as a wealth tax and betterhousing policies. Labour, which was polling as high as 39 per cent in January, has slumped to 19 per cent...

The Greens time might well come if the mainstream politicians don't start doing things that help the young.
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The problem is home owners outnumber renters and prospective home owners by a long shot and nobody is voting for value of their houses to drop which is what would happen if they massively increased supply and capped negative gearing and reduce capital gains tax concessions on houses..

I hope they become a bigger voice though I think the Teals and people like David Pocock are our best hope for the things to change. The Libs leaving the centre, they're still arguing against renewables and for nuclear, is leaving a huge hole that hopefully other moderates will step into.

The election of Mamdani is a spark in the wilderness. Hopefully he's the beginning of a movement and not a flash in the pan.
 
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erogenouszone said:
They already are. There are housing & commercial property funds that exist specifically this purpose.

Here is one of many examples.


View attachment 4139
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It's something like dirty supply in that new developments or these projects aren't designed to be sold or rented to the average citizen. All these shiny new developments are either empty or rented/ purchased by someone with money.

The idea was hopefully people would vacate their last property and move into these developments, freeing up some supply. Yet bringing even more people into the country doesn't stem the tide.

Numerous tenants negotiated better rents or moved around during covid. The furnace is way too hot with supply and demand running in opposite directions.
 
Massive hoo haa over the neo Nazi protest in front of NSW parliament and how it shouldn't have been allowed.

What a load of rubbish. You either believe in freedom of assembly or you don't. As long as they keep it legal then they're entitled to be there.

Fuckheads the lot of them but that's there prerogative.
 
Muz said:
Massive hoo haa over the neo Nazi protest in front of NSW parliament and how it shouldn't have been allowed.

What a load of rubbish. You either believe in freedom of assembly or you don't. As long as they keep it legal then they're entitled to be there.

Fuckheads the lot of them but that's there prerogative.
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There is also the notion that having movements go underground can make it a lot more dangerous. The authorities are watching and gathering information.

Just this week 3 young women were charged in Paris for planning to blow themselves up at events. Influenced by Tiktok in their rooms. Had that app once to get some 50% train ticket code and the way it chruns info I could feel my brain after a few minutes.
 
Children as young as 14 who commit “serious crimes” will be sentenced as adults under a Victorian government plan to combat youth crime.

The state government said on Wednesday that it will adopt an “adult time for violent crime” laws similar to those in Queensland, which implemented the tough approach in 2024.


Children as young as 14 could be tried in adult courts, and possibly face life sentences under the proposed changes to be announced by the premier on Wednesday.

“We’re introducing Adult Time for Violent Crime,” the Victorian premier, Jacinta Allan, announced in a social media post.


A former chair of the Law Institute of Victoria’s criminal law section, Mel Walker, described the proposal as “extraordinary, bad policy and counterintuitive”.

“As a community, are we content to deal with children in that way, and in how many years in the future, when they’re affected in such a profound way by going into adult custody, are we prepared for those consequences?” Walker told ABC radio Melbourne.

Walker said a high percentage of children coming before the courts had been exposed to family violence or had violence perpetrated upon them, or were being managed by child protection services with little or no family support.

“There’s a real sense of a want of belonging by a lot of these children, which motivates their involvement,” she said.

“But they don’t have the capacity … for this consequential thinking, because obviously and legitimately, their brains are just simply underdeveloped.”

I am not sure about the long term consequences and if it will make us worse off, but these little fuckwits need to be taught a lesson.
 
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