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vanlassen said:
If investors are locked out, who is going to build the properties?

It has taken some time to get through this thread but I think the theme of the argument isn't that properties are too expensive and you (other people?) can't afford a home, it's that you can't afford a home in the area you want.

Below is a link to 2,000 + homes/properties on sale now for roughly $50,000 - $150,000 asking price.
https://www.realestate.com.au/buy/between-50000-150000/list-1?source=refinement

I'm sure if you do your research, you will be able to find properties where the rent higher than the ongoing maintainance of the property and you can create a positive income stream.
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Who's going to build them? Tradesmen presumably but I assume you mean if investors aren't paying for them to be built who would.

Renters who need houses to buy that's who. FMD.
 
Muz said:
Who's going to build them? Tradesmen presumably but I assume you mean if investors aren't paying for them to be built who would.

Renters who need houses to buy that's who. FMD.
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Sorry had to edit. I don’t want to be disrespectful to your views.

Who is going to give these renters the money to build these homes/apartment blocks and where do the renters live whilst this is happening? This is a confusing scenario as, in this world view, we lock investors out. But then who are the renters renting from?
 
Muz said:
Not sure. It's pretty obvious when you think about.
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I think that is the problem. There has been no in depth thought into how to solve this problem by yourself. I think you have spent alot of time thinking about it but have not done any in depth analysis on all the elements that go into housing in Australia.

I'm just gonna back out of this conversation now as it is more an emotional argument being made than anything rooted in the actual issues around housing.
 
What everyone needs to think about too, is within the house building industry there is a certain Luddite inertia in play. Developers and builders are still using the same practices that have been around for decades and decades.

There's definitely resistance within the construction industry to adopt innovative, modern, and often more sustainable technologies and methods, which could make housing and the development of housing more economical.

We urgently need to disrupt conventional building and construction methods that are possibly now badly out of date. We need to smash these old methods and replace them with something far more high tech and far more economical.

House building and development needs the intellectual energy and ambition of other industries that have developed at speed such as mining and resources......
 
vanlassen said:
Sorry had to edit. I don’t want to be disrespectful to your views.

Who is going to give these renters the money to build these homes/apartment blocks and where do the renters live whilst this is happening? This is a confusing scenario as, in this world view, we lock investors out. But then who are the renters renting from?
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Are you serious? Investors are not building the properties, at least not all of them. A lot of renters have money to buy/build.

A lot of investors don't have money to build. They are leveraging the properties they have as collateral. What about the guy who has 283 properties? You reckon he built all of them himself?

Yes, supply is an issue. This is where the government needs to step up. And before you say, it's not the governments job to build houses for people, it literally is one of their jobs. The second thing to do would be to change the negative gearing laws. A house near my parents sold for $1.8m this past week. It's not sustainable.
 
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This reminds me of the parroting of the argument that ludicrously profitable companies that pay fuck all tax here can get away with what they do because more profits means more jobs. Which is the biggest load of shit in the world.

Zero companies look at their dividends or profit margin and go 'look we just made 280% on last year, lets go hire 80 new people'

It goes straight to their pockets.
 
Football us life said:
I thought that too. It's the crux of the entire issue.....housing unafforadability.....
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Yes, demand is there.

There is an argument that it would even increase demand and productivity/supply as more people are willing to build.
 
1% rental vacancy rate in Queensland

The Real Estate Institute of Queensland's September quarter report shows 38 out of 50 regions in the state have recorded vacancy rates of 1 per cent or less.

Anything less than 2.5 per cent is considered a "tight" rental market.

The rental vacancy rate eased for some areas, including parts of central Queensland.
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www.abc.net.au

More than 70 applicants for $700 a week share house amid rental 'traffic jam'

New data shows the rental vacancy rate across Queensland remains stuck at 1 per cent, with real estate agents saying demand is "unprecedented".
www.abc.net.au www.abc.net.au
 
erogenouszone said:
Economics 101. Choke the supply, inflate the demand, raise the price.
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Yes and because of that rents rise and when rents rise it makes investing in housing more attractive, the renter can't save for a deposit and if you can't save for a deposit you have to rent.

But investors that own multiple properties, that drive up demand, and rents, because there is no supply, are the good guys here apparently.

Shorten is the only politician to suggest anything in the last few decades to help with his policy to allow negative gearing on new builds only.

And we know what happened there.
 
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zimbos05 said:
I converse with an open mind. I've often changed my view point when compelling evidence is brought forward. Heck, I've agreed with sutho on here.

I too hope I get to own a home, however, last time I spoke to a bank, they offered me what would be worth half a home. I'd have to move at least 6 hours from my work to afford what they offered. This despite having a secure career that pays well, great credit, and no major debts.

So again, tell me how the fact that house prices continue to rise, and governments have actively said they want it to keep doing so, are not their fault.
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Not sure what the market is like in QLD (or whatever part of Australia you are in) but still a massive glut of apartments for sale in Melbourne at rapidly declining prices.


Hope that helps?
 
There's a lot of those tall & skinny 20+ floor towers going up in various parts of Brisbane and SE Qld but not sure how many rentals come out of them. Somebody is buying them though, probably Chinese...
 
Football us life said:
There's a lot of those tall & skinny 20+ floor towers going up in various parts of Brisbane and SE Qld but not sure how many rentals come out of them. Somebody is buying them though, probably Chinese...
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Bold has been the a major buyer for a long time even before the current crisis.
They were out bidding many Aussie buyers by 150/250/500k way more than properties were worth.
Kept us out of the market for sometime originally - thought we'd never get in.
 
LFC said:
Bold has been the a major buyer for a long time even before the current crisis.
They were out bidding many Aussie buyers by 150/250/500k way more than properties were worth.
Kept us out of the market for sometime originally - thought we'd never get in.
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Well thank goodness. The more of them bought up by investors and consortiums the better right?
 
LFC said:
Bold has been the a major buyer for a long time even before the current crisis.
They were out bidding many Aussie buyers by 150/250/500k way more than properties were worth.
Kept us out of the market for sometime originally - thought we'd never get in.
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Mate of mine was renting one of those shiny new build shoebox apartments for a bit after his missus kicked him out....

1 bed, living, bathroom and laundry nook....

You could barely fit a toaster and a kettle on the kitchen worktop.

He reckoned it was living in one of those ghost tower blocks in China. Never saw anyone, nobody went in the gym or pool....
 
Football us life said:
Mate of mine was renting one of those shiny new build shoebox apartments for a bit after his missus kicked him out....

1 bed, living, bathroom and laundry nook....

You could barely fit a toaster and a kettle on the kitchen worktop.

He reckoned it was living in one of those ghost tower blocks in China. Never saw anyone, nobody went in the gym or pool....
Click to expand...

Yeah but they're a stepping stone to get in provided they're affordable it's not necessarily a bad thing. (Minimum standards being enforced notwithstanding.)
 
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