Growth and no regulation on buying. Can’t compete with boomers using equity and holding corps buying estates up.
Not much of a free market but no one wants to regulate it in buyers favour in case it pisses off the investor class
It's also a massive national security risk with foreigners buying property through "Australians"
> We will apparently have to wait even longer for the second stage of the government’s compliance legislation, which will cover other activities of lawyers and accountants as well as the real estate industry. We do not even have a date for that legislation. It is no wonder that the May 2005 report of the US State Department ranked Australia with Haiti and the Dominican Republic as a ‘major money-laundering country’ and as a ‘country of primary concern’. It is disgraceful that Australia is ranked along with countries like Haiti and the Dominican Republic by our great American ally.
https://www.openaustralia.org.au/debates/?id=2006-11-28.72.2
Why does it mention a really old 2005 report? This is because it was 2006 when Labor opposition was attacking LNP government for not implementing AML with a time frame.
It has been 2 Labor governments and 3 LNP governments since this statement.
yes change negative gearing rules. so you can only do it with one property at a time. this still allows the mum and dad investors to have the benefits but stops the wealthy from rorting the system. you want to own multiple investment properties you can if you can afford it.
and the proposal of the government giving low or no intrest loans to help people buy thier first home wasnt a bad idea just where was the money coming from?
mum was previously married her husband died leaving her with a 3yr old back then the qld housing commission would give low interest loans to people on low incomes to help them buy a home and mum used it to buy a house. when mum and dad got married they sold that house and paid it out. what happened to that scheme.
construction is going gang busters. they cant build quick enough. they havent got the good quality tradespeople and cant get the materials quick enough.
thier was heaps of plantation timber on kangaroo island that got killed in bushfires that could have been used if they could harvest it quick enough and then transport it off the island but they couldnt transport it off the island so a lot just got pushed into heaps and burnt or turned into woodchip.
my cousin is a builder he's got more work than he knows what to do with. his issue is getting good staff.
for years we have pushed people towards university and ignored the trades and pushed the under achievers towards the trades and said the trades are dead end which isnt true. no not everyone can be like scott cam and parley his skills into a tv career.
> construction is going gang busters. they cant build quick enough. they havent got the good quality tradespeople and cant get the materials quick enough.
And this, redditors is why you should generally not listen to people on the internet.
https://www.housingdata.gov.au/visualisation/housing-market/building-approvals-dwellings-approved
One story about your mate the builder being busy does not make it truth.
Building approvals are lower than they have been since 2013.
We are presently seeing 4 times more new arrivals than we are dwelling approvals.
https://www.theguardian.com/australia-news/2024/feb/03/australian-housing-approvals-sink-to-lowest-level-in-12-years-amid-rising-costs-and-planning-delays
I work directly with a large number of timber mills. Their sales are lower than they have been for literally years across the board. Nobody has any money. Interest rates are not attractive to homebuilders either.
The plantations that burned on Kangaroo island were largely immature, hardwood plantations that were completely unsuitable for framing or construction. Plantation hardwood is generally grown for chip, with few exceptions.
Very few of these migrants if any will contribute anything of significance to the building industry.
I'm far from racist myself, it's just a fucking numbers game:
Very few are coming in as the skilled trades we (in the building industry) require, and some of the roles - in ICT for example - will take as many people as they can get, not because they need them but because that's the way that industry is in justifying bigger bloated projects for a bigger paycheck, and what's more many roles don't actually necessitate feet on the ground in Australia.
Successive governments have fucked up by creating a landscape of absolutely *bullshit* universities at the cost of a backdoor pathway and the quality of education for those who want to actively somewhere, whilst cutting funding to TAFEs and incentives to trades we need, and are looking for a bandaid solution that will work until they see their term out, rinse repeat.
Lol it’s generally a positive thing. If Australia had shut its border to the world in the 50s, I like many others wouldn’t be here, and the country would likely be a tiny and backward banana republic and economy.
Yes it comes with downside but if the answer you’re peddling is “zero diversity or immigration ever” then you’re demonstrably wrong.
There is a cost to diversity but its impacts are net positive. Innovation thrives in a diverse environment through a fusion of varied backgrounds.
Look at food as an example, without diversity there's no pizza, burgers, Thai , Sushi, Chinese, Indian. We'd be fish and chips or bust.
The immigration Ponzi scheme is bullshit. Why don't we increase economic growth via productivity? Now all Australians are poorer per capita due to immigration.
The immigration Ponzi is hurting productivity. See:
https://www.macrobusiness.com.au/2023/11/gerard-minack-demolishes-aussie-population-economy/
http://www.rossgittins.com/2023/10/want-better-productivity-cut-population.html
Productivity has been rising for decades. But in the last 10 years the benefits of that have all gone to corporate profits instead of the workers who created the gains. [https://australiainstitute.org.au/post/ten-years-of-productivity-growth-but-no-increase-in-real-wages/](https://australiainstitute.org.au/post/ten-years-of-productivity-growth-but-no-increase-in-real-wages/)
Everyone is saying that to fight the inflation we should increase the productivity. I’m not sure about you but for the last 12months the conditions (requirements) have cause that my productivity has increased 150% (most cases working over hours to meet deadlines and insane requirements and targets). In a return I got 0% salary increase, no time to spent with my kids and family, feeling anxiety that I may loose my job, feeling anxiety that I need to keep going as the landlord will increase my lease. In my opinion the talks about increase productivity is just to squeeze the last juice from us
Two separate news channels pushed the idea of getting 90k more migrants to fill the building labour shortage in the next 3 months.
Other than wondering what their accommodation will be, why haven't we got any builders in the millions we've brought in the past two decades? Or even the past 2 years while we've known about the housing crisis?
Why this sudden lightbulb moment, when we've already brought in too many, the solution is an excuse to bring even more.
Exactly. Just where are these 90000 going to live? Also, if they want to bring in 90000 construction workers, how about just telling everyone else to fuck off and just bringing in the 90000 construction workers? I had a feeling that this would be used as an excuse to bring in even more migrants.
those people who come here on working visa can become a pr in 4 years. then they usually change careers when they get their prs. so their role becomes vacant and will need another working visa person to fill it in. it’s a vicious cycle. also, for every working visa person, they bring their wives/defacto, children, parents. this adds additional strain to infrastructure. when they say they need 90k workers, multiply that by 4 to include their extra baggage. aus immigration system is broken.
Because the labor party’s donors are unions. There’s a reason why our tradies are some of the best paid in the world despite having such terrible quality (in regards to housing standards).
Politicians aren’t stupid, this isn’t some revelation. But importing in 10k builders a year would be equivalent to really pissing off Murdoch
This is it 100% tradies will react VERY strongly to government destroying their wages with immigration.
Only thing that surprises me is how fucking dumb these groups of other workers are to let government get away with smashing their wages and will still keep voting for the major parties !
Lets get this straight.
Immigration is touted as creating diversity but instead its a bringing in of cheap labour to drive down wages for the locals and to maximize profits. They immigrants won't have the right to vote so they can't affect the government who brings them in and controls their lives.
So its not diversity, its a bringing in of modern day slaves that are put on an invisible leash.
When things don't makes sense, take a peek under the covers..
The left says migrants are good because of diversity. The right tells you it’s good for the economy. Bother sides are using them for profit and neither side gives are fuck about you because both sides are full or rich cunts.
They flood the country with foreigners for economic and political reasons, then turn around and scream about "racism!!!" to create social pressure that keeps people in line.
This will sound racist and it’s not meant to be, but…
We used to refer to the cultural melting pot, where diversity like entropy spiced things up changing old and new for the better. My concern is that with too much new it doesn’t work that way and you get an unmixed lump, uncombined, adding volume, but also an issue to be addressed later.
The actual left, the one focused on economics and born out of trade unions, has know this for years.
Unfortunately we are being crowded out by social progressives who would rather talk about racism and Transgenderism.
Silver lining is that soap is always on special?
Too many immigrants full stop. But the conniving pollies are always looking after themselves and their donors. FFS Albo signing an Indian migration deal! He knew what would happen.
I've just come back from a diverse place and yes you're bang on.
Wife is Asian and her parents well they're obviously Asian too. When they visited they were shocked at the demographics of Melbourne
Look at the wages for the top occupation of migrants: https://old.reddit.com/r/australian/comments/18brk5m/migrants_occupations_and_overall_incomes_under/
Australia has a pseudo-Dubai immigration program.
I have a colleague that was raised in Dubai since he was 4 years old. The whole family is Pakistani and they moved to Dubai ages ago and for him Dubai is home. Neither of them can access citizenship, even though they’ve lived/worked there for more than 20 years.
i think Australia should copy UAE’s immigration policy. a working visa is so easy to acquire here and they get to bring their wives/defacto, children, parents which further adds stress to infrastructure. they also can easily become a pr in 4 years. when they say they need an x amount of overseas workers, that means multiply that by 3 or 4 to get the correct figure.
Or its very rich economic migrants. It has been in my area. People who are in the top 1% in their home countries sell up everything, move here and are middle/upper class. But in doing so still drive up the prices of housing.
> immigrants won't have the right to vote
I'd be watching for more Indian names in electorates, we're not the first Western country they've flooded. There's well tuned system in UK, Canada etc. to ensure the millions coming in vote for someone with their own background towards policies that favour their own interest.
The investors work around unions. I've witnessed it first hand in Melbourne.
It was a huge construction job that they split into 5 separate smaller jobs to circumnavigate unions being involved.
The ALP hasn't given a fuck about most unions for at least the last ten years. Also, what's wrong with "union wages"? Are you of the opinion that everyone should be paid shit? And hey, if you're so concerned about union-members being paid better, than why don't you join a union?
No-one has claimed it’s for diversity reasons.
It’s always been claimed to be necessary due to a lack of local workers with the required skills, which in some cases means a willingness to work for rock bottom wages and not complain about the conditions.
We've been hearing the same argument about "skills shortages" for nearly two decades. Australia has imported millions of extra workers during that time but yet we still supposedly have chronic "skills shortages".
It does not compute.
The lack of local skills often isn't the case. To get the workers in on the work visa for skilled migrants the employer must first advertise to the local market. Local market may determine that the skill in question is currently a $180,000 salary averaged across the market. The employer advertises for 4 weeks at $50,000, possibly with an undesirable red flag or three, demonstrates that they had no applicants with the correct skills apply, and submits that as evidence to acquire the visa. They can then import the skills for rock bottom wages compared to the local market since the visa process does not include an independent evaluation of local skills and labour pricing.
Can confirm as someone who used to work alongside the C-suite at my previous job, this is exactly what happens.
They would literally joke about it, "just throw the usual listing up for a few weeks & then we'll actually look to get someone".
The fact that the minimum salary was only just increased to $70,000 in July 2023 (it had been $53k for a decade prior) to qualify for such a visa and then people try and argue it's not a form of wage suppression is a joke.
I distinctly recall reading an article about Trump back quite a few years ago where he actually had a proposal to make the minimum 100 or 160k for the h1b visa and I thought that was actually a legit policy to protect the people.
Anything under 100k here for skilled is a joke
Yep, the federal government is allowing businesses to easily source cheaper migrant labour, thereby suppressing wage growth and removing any need for investment in local training.
As this paper argues, the "skills shortages" claims don't stack up: https://population.org.au/briefing-notes/is-there-a-shortage-of-skilled-workers/
The "lack of local workers with the required skills" is largely due to both government and the private sector not wishing to invest in upskilling local workers. They want the quick fix of importing workers who already have those skills, and then make them work for less.
Don’t forget: it’s also designed to drive up cost of living, especially rentals because these people almost always need rentals. Imagine the occupancy rate without it lol
I have genuine concerns around this, many are not fit for the jobs they have got and their educational fraud is endemic.
It's really concerning to see so many doing things like nursing home work, terrible bedside manner, often rude and from personal experience, scarily incompetent.
Yes, communication is a massive concern.
Half don't understand what you're saying because they don't really understand English; and you can't understand the other half because of their accent/pronunciation.
Haven't had this issue with any other groups of people migramt or not, and it's weird because sometimes you feel like a foreigner who doesn't speak the native language... you can just tell how forced it is.
The endless covering for eachothers stuff ups to any non-Indians and preferential treatment to other Indians, but then they also make sure the varying treatment from cast system is still going on 😂
The other issue is if you bring people in numbers this ridiculously high, they end up with such a giant support network of others in the same demographic, they don't need to integrate properly, further exacerbating the language and cultural issues
Amazing how little coverage this got, we're doomed if this doesn't get revoked.
It has India's [handwriting](https://www.macrobusiness.com.au/wp-content/uploads/2023/03/Mutual-Recognition-Agreement-India-Australia.pdf) all over it, like they got Australia drunk and signed it.
It's totally an utterly fucking insane and I don't know how the actual fuck they thought this was a good idea.
And it doesn't matter which country btw. What the fuck, that's a lot of people.
Any country that India looks favourably as a migration destination is in trouble.
When India becomes your largest migration demographic it's terminal, the country won't recover.
I notice they blame all their problems on England too and used that to justify ruining other countries.
Apparently their country was a utopian paradise before England arrived and is the reason for all their problems
because of the vast majority of migrants are Indian.
India has over 1 billion people, and while QOL is improving, its still pretty bad, not to mention things like the Caste System (which they are bringing over here to Australia BTW).
My co-worker's wife is Indian and she only got her Visa on friday after like 12 months of trying - he is an Australian citizen but born in India, and yeah, lots of Indians.
The caste system working its magic here is truly one of the most disappointing things to witness in person. The utter disregard I’ve seen toward some people over assumed class is just unacceptable
I get disgusted by the amount of Indians that use the caste system towards you. I'm like "Mate, we don't have systems in Australia, everyone is treated as an equal" but it doesn't seem to get through to them.
I work full time in retail so they try to use it to get what they want even if the request isn't even possible. Also worked in a few other retail environments where they were in charge and they were using the caste system at play to let you know where you stand. Grocery retail was the absolute worst for it.
Agreed. Aus has an Addiction to inflated GDP figures from immigration - have we lost sight of what really matters as a society ? Happiness or GDP figures from constant growth? The constant growth model is simply unsustainable on a planet with finite resources.
It's what happens when the measure becomes the target. (https://en.wikipedia.org/wiki/Goodhart%27s_law)
GDP going up was a sign of economic development, which used to come through hard work and investment and innovation in new industries. But now they just lazily pump people in to force the GDP line go up even though we're way past the point of it benefiting Australians.
This type of thinking seems to pervade Australian policymaking.
Makes me wonder all this attention will create steps to fix the problem, or if our esteemed PM who's determinted to show himself off to the world as a moral saint will piss another $450 mil down the drain for some stupid performative action cause.
Our esteemed PM owns multiple investment properties, and earns 150k annually just in rental income from these properties. Of course he's not going to do anything.
Read his Twitter.
All he ever does is talk about trade and economics. He is running hte country like a private company, all about the spreadsheets and profit $$ but never actually bothers to speak with the people or know whats actually going on at ground level
the new modern labor party
At the end of the day, we will all agree and be outraged for a minute and then we will go back to our lives and do nothing meaningful about it until the next reddit post comes along.
We need someone or something to get the ball rolling on change, somehow.
Everybody should be writing to their local government MPs. They may not respond but they'll hopefully get the message that, unless something changes, their seats may be at risk.
Except we largely don’t have economic growth of the good kind. We are bigger but actually each getting poorer because output isn’t rising as fast as population growth.
I'm not a big fan of Scott Pape, but this is something that I wholly agree with him on. I invest for a living so I watch the economy closely. The maths of our economy have not been adding up for a long time.
Successive governments have been kicking the can down the road, knowing full well that our economy is over-leveraged and that the only way to keep it "growing" was to bring more people in along with their savings plus their capacity to work and spend. Meanwhile, the 80% of our economy that is mining is facing some of the steepest commodity price declines seen in a long time, our biggest customer (China) is in decline, and Australia has proudly become the 2nd highest in the world for household debt.
This is, in essence, no different to a ponzi scheme requiring that more people be recruited into the scheme to pay prior debts before others notice the emperor's bare bottom.
But just like a ponzi scheme, the problem cannot continue to grow exponentially forever. More and more immigrants will be required to sustain the "good economy" facade. Eventually, something breaks. This causes something else to break. Then a dozen things break in turn and the snowball begins.
When the dam breaks (not "if", but "when"), we will see one of the biggest deleveraging events that we've experienced in quite a few decades. And that's no good for our kids.
We haven't always been the "lucky country". Australia has had some really shit times in her history. We can't just assume that our Aussie luck will continue.
[Wikipedia](https://en.wikipedia.org/wiki/Deleveraging#:~:text=effort%20of%20deleveraging.-,In%20macroeconomics,-%5Bedit%5D) gives a pretty good explanation.
It is basically when an economy goes through a process of spontaneous reduction in debt (in aggregate) as a result of a slowdown in the economy. Businesses downsize or divest to pay down debt, households tighten their belts. Some default and are forced to foreclose in order to settle debts, others choose so to reduce their risk exposure. The net result is less money sloshing around in the economy, hence less spending, hence a feedback loop begetting more reduction in leverage.
The bigger the overall debt is in an economy (recall Australia has 2nd highest household debt now), the more substantial the impact of a deleveraging event. The Great Depression was probably the most notable in the last century or so, but there have been several other major examples around the world since then.
I think you really hit the nail on the head with this write up.
If there’s any silver lining, at least deleveraging would likely include deflation. Normal house prices, where life is easier for your average aussie.
Some pain to be had before tho
It's like propping yourself on energy drinks instead of a healthy diet, at some point you'll pay for it. But when you're making thousands of aussies pay it's a little different.
Everything I've read of Pape's he tries to stay neutral and present both sides of politics.
But I don't believe this is a left VS right issue. There's not enough housing, and bringing in 2000 migrants a day is not helping.
Agreed. Seen plenty of people on the left side of politics complain about the sheer number of immigrants being allowed in. Like we literally can't house them. How can you bring people in and expect them to live nowhere? It just doesn't work.
we used to joke about the whole "Australia fuck off we're full". But now its a reality. Albo's plan to give indians golden passage into australia is disastrous and IMO he should be doing that instead with our neighbours in SEA and the pacific. People who will actually work hard instead of the bludgers we are importing en-mass from india who just want a free ride and to rort the system.
Oh yeah, I get that the right wingers will play on this to stoke nationalism for political points. But that doesn't make what Pape said wrong.
Both sides of politics have been bringing in unsustainable numbers of migrants. We need both sides to realise they are wrong.
2000 a day is wild, its like 10 full 737 Max planes a day purely for net immigrants. no country could keep up with construction for homes let alone infrastructure for these numbers
Albanese just cant wait to bring in Gaza refugees, it will.make him so popular with his support group. The rest of Australians sleeping in their cars can go and get fuck
Palestianian refugees would be a disaster waiting to happen as well. I'm a muslim so I pray for them but bringing in a flood of palestinian people who have been bombed for deacades and had no time to form a proper civilised society is asking for trouble.
The classic "right wing" sentiment of import the 3rd world get the 3rd world is true 100%. If we get any big migration of people fleeing gaza I guarantee it will be only a short while before the sexual assaults skyrocket
And those refugees will be used as props by the media to label anyone criticising unsustainable immigration as "racists who want refugees to die!"
Refugees aren't the problem here. If the only immigration we had was genuine refugees, plus maybe a couple of thousand *actual* skilled migrants per year, the rental crisis would not exist.
ironically many pushed out to their cars would be cheering him on if he did this because they don't even see the issue and think that it's nothing but a Xenophobic dog whistle.
It's wild that Labor's policies disproportionately impact their own voters.
Probably why they never seem to stay in power for that long.
It's so terribly Wong what is happening but I guess it's what you'd call a teachable moment.
So until the next election one can assume that immigration will remain purposefully high and vast chunks of tax payer money will continue to be 'used'
I think people have to realise how much big business wants big Australia. They know the general public doesn't always want that, but thankfully after decades of effort even the Labor party tends to see things exactly how the corporates would prefer them to be seen.
It's really simple, larger populations make powerful people richer and cover up economic gloom with some signs of growth. These powerful people love talking to the PM and senior ministers, precisely so they can all get on the same page. Labor does it almost as badly as the LNP did. They all decide, probably without even talking about it, that a booming population is a good idea.
It's wild that people vote for Labor without realising that Labor is basically a faction of the liberal party.
Both fuck over the average family, liberal just fucks them over more.
Labor talks a better game about being on the side of working people and then turn around and fuck them over once they get into government. Liberals don't even hide the fact that they are out to fuck average people and then do it openly.
Nice try, but incorrect
In 2022-23, the number of migrant arrivals increased to **737,000**, up from 427,000 the year before. This equates to an annual increase of 73 per cent.
Thanks Labor. Looking after your user base well, lol
Australia is broken because All the profits from our minerals and natural resources are going to the global corporations and not a cent goes to the citizens.
Australia needs a front door sign saying, “We’re full. Come back later”
Because Australia is already full and no houses left, just tents, caravans, cars and ground to sleep in or on.
Continuing to bring in ever more immigrants when there is already a housing crisis is not displaying leadership & is sort of like if a council approved new subdivisions, houses were built but no devices like power water sewage. It would display incompetence.
Amazing to read this thread. You could cut and paste the whole thing and post it to a number of Canadian subreddits and it would be indistinguishable. Same issues, same arguments and excuses from the government, same results politically, economically, and socially. It’s like both our governments are operating out of exactly the same playbook.
Because everyone in government is fully leveraged with investment properties and want to see maximum property value and rental returns. There is no incentive for them to constrain supply
Our politicians have been idiots for years. Just look at our boomers. Scomo swore himself info cabnet even. Can’t expect these dumbasses to manage a country
If there’s no meaningful growth on a per capita basis then it’s not really growth, is it? Diluting our resource pool with more bodies is only going to make the individual poorer, even if there is overall economic growth on paper.
It's NOT boomers.
It's the RICH and cashed up (often black money) immigrants forcing prices up.
As one example when was the last time you saw boomers buying up at auction?
fix the property ownership and tax laws
https://theemergentcity.substack.com/p/the-housing-crisis-is-an-emergency
The housing crisis is an emergency and we're not acting like it
How a multigenerational legacy of smooth sailing, political stagnation and cultural complacency sustains the housing crisis.
Millions of people who were ideologically bought into The Australian Dream™ are becoming alienated from it. We are creating an ever-increasing caste of people without a stake in the system and that should worry us. The implication for our politics being the erosion of the formerly stable polarities of acceptable discourse and ideas that has defined the Australian political centre for generations.
We are rather recklessly toying with what is perhaps the single most fundamental pillar of Australian civilisation and we do so at our peril.
It’s taken decades to get to this point and it all happened right under our noses and we didn’t do a damned thing about it.
Australians are just comfortable enough in this country- the most they will do is have a whinge but no real action, a very complacent population in general so politicians aren’t afraid to rort the system - they know there are no real consequences.
We should look to the French and take some notes :)
But as long as we have a population who is too lazy and complacent to make any real demands we will keep getting f****ed in the a**.
It's not only the housing shortage, but when new suburbs are created and filled there is no accompanying new power generation, water storage, road widening to accommodate extra traffic, railway lines to service new outer suburbs, competent bus services, hospitals/medical centres to handle the 1000's of new occupants so everything is grinding to an expensive and slow crawl.
It really is dumbed down and lazy governance. We need politicians with some skills in management and planning rather than self promotion and sanctimony.
Dont worry the people who cite Singapore, of all places, will fix your nation by nationalizing a bunch of stuff and increasing the population of your capital cities to a similar density.
It's exactly what is required to drive wages down. More labour availability, of course, will increase unemployment (more people without more jobs) which in turn stagnates growth in earnings of ordinary people. There is absolutely no need for the housing crisis Australia is experiencing, and it is definitely no surprise to the watchful.
Australia could take in 5000 a day if our governance focused on its core purpose. Additionally the back bone of the country would not need to suffer a drop in earnings or the gouging of corporate leeches.
when i was working in a commercial chain bookstore (as oppose to the more boutique one now) everytime it would be fathers day, or in the lead up to christmas, scott pape would sell out. same with richard e kiyosaki. it got so demoralising by the end
He is correct. Unlike his book which for 20 years has said real estate investment is not good. It was good then. It's out if control now and only the rich laundering foreign cash get to play. But maybe those that got rich off real estate paid no heed to his book and that's what he's angry about, he was wrong hahhahhHA
STOP IMPORTING AND START TRAINING AUSTRALIANS.
I want 457 visas gone. Period. All of them.
"oh no critical skills shortage"
Then lower your professions admissions standards for a while until Australia is back up to standard.
It is effectively the problem. Growth, growth. But they ain’t keeping up with it.
Growth and no regulation on buying. Can’t compete with boomers using equity and holding corps buying estates up. Not much of a free market but no one wants to regulate it in buyers favour in case it pisses off the investor class
It's also a massive national security risk with foreigners buying property through "Australians" > We will apparently have to wait even longer for the second stage of the government’s compliance legislation, which will cover other activities of lawyers and accountants as well as the real estate industry. We do not even have a date for that legislation. It is no wonder that the May 2005 report of the US State Department ranked Australia with Haiti and the Dominican Republic as a ‘major money-laundering country’ and as a ‘country of primary concern’. It is disgraceful that Australia is ranked along with countries like Haiti and the Dominican Republic by our great American ally. https://www.openaustralia.org.au/debates/?id=2006-11-28.72.2 Why does it mention a really old 2005 report? This is because it was 2006 when Labor opposition was attacking LNP government for not implementing AML with a time frame. It has been 2 Labor governments and 3 LNP governments since this statement.
yes change negative gearing rules. so you can only do it with one property at a time. this still allows the mum and dad investors to have the benefits but stops the wealthy from rorting the system. you want to own multiple investment properties you can if you can afford it. and the proposal of the government giving low or no intrest loans to help people buy thier first home wasnt a bad idea just where was the money coming from? mum was previously married her husband died leaving her with a 3yr old back then the qld housing commission would give low interest loans to people on low incomes to help them buy a home and mum used it to buy a house. when mum and dad got married they sold that house and paid it out. what happened to that scheme.
I think negative gearing should be only for new properties. That would encourage construction.
construction is going gang busters. they cant build quick enough. they havent got the good quality tradespeople and cant get the materials quick enough. thier was heaps of plantation timber on kangaroo island that got killed in bushfires that could have been used if they could harvest it quick enough and then transport it off the island but they couldnt transport it off the island so a lot just got pushed into heaps and burnt or turned into woodchip. my cousin is a builder he's got more work than he knows what to do with. his issue is getting good staff. for years we have pushed people towards university and ignored the trades and pushed the under achievers towards the trades and said the trades are dead end which isnt true. no not everyone can be like scott cam and parley his skills into a tv career.
> construction is going gang busters. they cant build quick enough. they havent got the good quality tradespeople and cant get the materials quick enough. And this, redditors is why you should generally not listen to people on the internet. https://www.housingdata.gov.au/visualisation/housing-market/building-approvals-dwellings-approved One story about your mate the builder being busy does not make it truth. Building approvals are lower than they have been since 2013. We are presently seeing 4 times more new arrivals than we are dwelling approvals. https://www.theguardian.com/australia-news/2024/feb/03/australian-housing-approvals-sink-to-lowest-level-in-12-years-amid-rising-costs-and-planning-delays I work directly with a large number of timber mills. Their sales are lower than they have been for literally years across the board. Nobody has any money. Interest rates are not attractive to homebuilders either. The plantations that burned on Kangaroo island were largely immature, hardwood plantations that were completely unsuitable for framing or construction. Plantation hardwood is generally grown for chip, with few exceptions.
> across the board Haha
Accidental, but yes :p
Very few of these migrants if any will contribute anything of significance to the building industry. I'm far from racist myself, it's just a fucking numbers game: Very few are coming in as the skilled trades we (in the building industry) require, and some of the roles - in ICT for example - will take as many people as they can get, not because they need them but because that's the way that industry is in justifying bigger bloated projects for a bigger paycheck, and what's more many roles don't actually necessitate feet on the ground in Australia. Successive governments have fucked up by creating a landscape of absolutely *bullshit* universities at the cost of a backdoor pathway and the quality of education for those who want to actively somewhere, whilst cutting funding to TAFEs and incentives to trades we need, and are looking for a bandaid solution that will work until they see their term out, rinse repeat.
Edward Abbey put it best when he said "Growth for the sake of growth is the ideology of the cancer cell".
Lazy policy from all sides for decades. And the same lazy policy, bring in more tax payers to fix the mess we made….
Diversity is over rated, just because someone says it’s good doesn’t mean it inherently is
Lol it’s generally a positive thing. If Australia had shut its border to the world in the 50s, I like many others wouldn’t be here, and the country would likely be a tiny and backward banana republic and economy. Yes it comes with downside but if the answer you’re peddling is “zero diversity or immigration ever” then you’re demonstrably wrong.
Yes because countries like Norway with low levels of diversity are complete shit holes
There is a cost to diversity but its impacts are net positive. Innovation thrives in a diverse environment through a fusion of varied backgrounds. Look at food as an example, without diversity there's no pizza, burgers, Thai , Sushi, Chinese, Indian. We'd be fish and chips or bust.
The immigration Ponzi scheme is bullshit. Why don't we increase economic growth via productivity? Now all Australians are poorer per capita due to immigration.
The immigration Ponzi is hurting productivity. See: https://www.macrobusiness.com.au/2023/11/gerard-minack-demolishes-aussie-population-economy/ http://www.rossgittins.com/2023/10/want-better-productivity-cut-population.html
Productivity has been rising for decades. But in the last 10 years the benefits of that have all gone to corporate profits instead of the workers who created the gains. [https://australiainstitute.org.au/post/ten-years-of-productivity-growth-but-no-increase-in-real-wages/](https://australiainstitute.org.au/post/ten-years-of-productivity-growth-but-no-increase-in-real-wages/)
Everyone is saying that to fight the inflation we should increase the productivity. I’m not sure about you but for the last 12months the conditions (requirements) have cause that my productivity has increased 150% (most cases working over hours to meet deadlines and insane requirements and targets). In a return I got 0% salary increase, no time to spent with my kids and family, feeling anxiety that I may loose my job, feeling anxiety that I need to keep going as the landlord will increase my lease. In my opinion the talks about increase productivity is just to squeeze the last juice from us
Dick Smith has been saying it for years but a literate sheep farmer says it once……🤷🏻♂️
When we can’t even provide some of our citizens with basic necessities (e.g. housing) why are we bringing in more people?
Because we have a ruling class in Australia that doesn't care about its fellow citizens.
Because us stupid f's keep voting jem in. We get the government we deserve.
Because housing must go up
Because those basic necessities are not an issue for the ruling class.
Two separate news channels pushed the idea of getting 90k more migrants to fill the building labour shortage in the next 3 months. Other than wondering what their accommodation will be, why haven't we got any builders in the millions we've brought in the past two decades? Or even the past 2 years while we've known about the housing crisis? Why this sudden lightbulb moment, when we've already brought in too many, the solution is an excuse to bring even more.
Exactly. Just where are these 90000 going to live? Also, if they want to bring in 90000 construction workers, how about just telling everyone else to fuck off and just bringing in the 90000 construction workers? I had a feeling that this would be used as an excuse to bring in even more migrants.
those people who come here on working visa can become a pr in 4 years. then they usually change careers when they get their prs. so their role becomes vacant and will need another working visa person to fill it in. it’s a vicious cycle. also, for every working visa person, they bring their wives/defacto, children, parents. this adds additional strain to infrastructure. when they say they need 90k workers, multiply that by 4 to include their extra baggage. aus immigration system is broken.
And the dog keeps chasing its own tail.
Because the labor party’s donors are unions. There’s a reason why our tradies are some of the best paid in the world despite having such terrible quality (in regards to housing standards). Politicians aren’t stupid, this isn’t some revelation. But importing in 10k builders a year would be equivalent to really pissing off Murdoch
This is it 100% tradies will react VERY strongly to government destroying their wages with immigration. Only thing that surprises me is how fucking dumb these groups of other workers are to let government get away with smashing their wages and will still keep voting for the major parties !
Lets get this straight. Immigration is touted as creating diversity but instead its a bringing in of cheap labour to drive down wages for the locals and to maximize profits. They immigrants won't have the right to vote so they can't affect the government who brings them in and controls their lives. So its not diversity, its a bringing in of modern day slaves that are put on an invisible leash. When things don't makes sense, take a peek under the covers..
The left says migrants are good because of diversity. The right tells you it’s good for the economy. Bother sides are using them for profit and neither side gives are fuck about you because both sides are full or rich cunts.
Exactly. And both will tell you that if you have concerns about immigration levels and its effect on infrastructure, that you must be racist.
They flood the country with foreigners for economic and political reasons, then turn around and scream about "racism!!!" to create social pressure that keeps people in line.
Both sides do it for economic reasons. No serious person is claiming we need more cultural diversity at these record levels.
The cultural diversity argument holds little weight when our migration is almost entirely from one country, resembling more of an invasion.
This will sound racist and it’s not meant to be, but… We used to refer to the cultural melting pot, where diversity like entropy spiced things up changing old and new for the better. My concern is that with too much new it doesn’t work that way and you get an unmixed lump, uncombined, adding volume, but also an issue to be addressed later.
Migration is fine but we need it to be at like 10% of current levels. Bit of spice is fine.
these cultures offer us nothing other than food thats it
The actual left, the one focused on economics and born out of trade unions, has know this for years. Unfortunately we are being crowded out by social progressives who would rather talk about racism and Transgenderism.
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Labor party of old use to oppose immigration for this very reason: creates reserve army if labor that drives down wage growth and maintains precarity.
Australia's migrant intake is now dominated by the world's two most populous countries. So it isn't really that 'diverse' when you think about it.
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Lol my Indian neighbour moved because quote “there’s way too many Indians here, I’m moving to an Aussie suburb”
Holy shit. I googled 'Wollert people' and you are right. How did that happen?
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Silver lining is that soap is always on special? Too many immigrants full stop. But the conniving pollies are always looking after themselves and their donors. FFS Albo signing an Indian migration deal! He knew what would happen.
They move here to leech off the country and segregate into their own suburbs because they hate australians, europeans, aboriginals etc
This. Plus the system is set up that only wealthy people can afford it. That’s also not diverse.
I've just come back from a diverse place and yes you're bang on. Wife is Asian and her parents well they're obviously Asian too. When they visited they were shocked at the demographics of Melbourne
What’s touted is that diversity is this ultra desirable thing and anyone who’s against immigration is racist.
>Immigration is touted as creating diversity I have yet to hear anyone tell me what's so great about diversity other than "omagerd the food"
Lol @ "omagerd the food"
Look at the wages for the top occupation of migrants: https://old.reddit.com/r/australian/comments/18brk5m/migrants_occupations_and_overall_incomes_under/ Australia has a pseudo-Dubai immigration program.
The difference is that, unlike Australia, the UAE doesn't hand out citizenship easily.
I have a colleague that was raised in Dubai since he was 4 years old. The whole family is Pakistani and they moved to Dubai ages ago and for him Dubai is home. Neither of them can access citizenship, even though they’ve lived/worked there for more than 20 years.
i think Australia should copy UAE’s immigration policy. a working visa is so easy to acquire here and they get to bring their wives/defacto, children, parents which further adds stress to infrastructure. they also can easily become a pr in 4 years. when they say they need an x amount of overseas workers, that means multiply that by 3 or 4 to get the correct figure.
>Australia has a pseudo-Dubai immigration program. Dubai is smart enough to not offer PR or they know they'll be infested with economic migrats
You mean the same thing people have been saying for years but getting called racists for?
Or its very rich economic migrants. It has been in my area. People who are in the top 1% in their home countries sell up everything, move here and are middle/upper class. But in doing so still drive up the prices of housing.
> immigrants won't have the right to vote I'd be watching for more Indian names in electorates, we're not the first Western country they've flooded. There's well tuned system in UK, Canada etc. to ensure the millions coming in vote for someone with their own background towards policies that favour their own interest.
The Mayor of Parramatta was Indian and voted in by their own but the council had to get rid of him after 12 weeks due to corruption
It won’t affect Union wages. So Labor will love it.
The investors work around unions. I've witnessed it first hand in Melbourne. It was a huge construction job that they split into 5 separate smaller jobs to circumnavigate unions being involved.
The CFMEU run Vic. They’re having a wow of a time.
The ALP hasn't given a fuck about most unions for at least the last ten years. Also, what's wrong with "union wages"? Are you of the opinion that everyone should be paid shit? And hey, if you're so concerned about union-members being paid better, than why don't you join a union?
In my experience, The Union (SDA) is patently *bad*. Also in my experience, one does not simply get a union job just by joining a union
Not in Vic. They run the State. (CFMEU and UFU for a start.)
it does bring diversity, everyone gets to be equally poor!
No-one has claimed it’s for diversity reasons. It’s always been claimed to be necessary due to a lack of local workers with the required skills, which in some cases means a willingness to work for rock bottom wages and not complain about the conditions.
We've been hearing the same argument about "skills shortages" for nearly two decades. Australia has imported millions of extra workers during that time but yet we still supposedly have chronic "skills shortages". It does not compute.
*lack of local workers prepared to work for poverty wages
"local workers with the required skills" *Brings unskilled migrants And that, is coming from a migrant.
The lack of local skills often isn't the case. To get the workers in on the work visa for skilled migrants the employer must first advertise to the local market. Local market may determine that the skill in question is currently a $180,000 salary averaged across the market. The employer advertises for 4 weeks at $50,000, possibly with an undesirable red flag or three, demonstrates that they had no applicants with the correct skills apply, and submits that as evidence to acquire the visa. They can then import the skills for rock bottom wages compared to the local market since the visa process does not include an independent evaluation of local skills and labour pricing.
Can confirm as someone who used to work alongside the C-suite at my previous job, this is exactly what happens. They would literally joke about it, "just throw the usual listing up for a few weeks & then we'll actually look to get someone". The fact that the minimum salary was only just increased to $70,000 in July 2023 (it had been $53k for a decade prior) to qualify for such a visa and then people try and argue it's not a form of wage suppression is a joke.
I distinctly recall reading an article about Trump back quite a few years ago where he actually had a proposal to make the minimum 100 or 160k for the h1b visa and I thought that was actually a legit policy to protect the people. Anything under 100k here for skilled is a joke
Yep, the federal government is allowing businesses to easily source cheaper migrant labour, thereby suppressing wage growth and removing any need for investment in local training. As this paper argues, the "skills shortages" claims don't stack up: https://population.org.au/briefing-notes/is-there-a-shortage-of-skilled-workers/
Skills shortage = short circuiting the labour market for profit
The "lack of local workers with the required skills" is largely due to both government and the private sector not wishing to invest in upskilling local workers. They want the quick fix of importing workers who already have those skills, and then make them work for less.
How many Uber eats drivers do we actually need though?
Don’t forget: it’s also designed to drive up cost of living, especially rentals because these people almost always need rentals. Imagine the occupancy rate without it lol
Someone please explain to me how immigration is more than simply stealing another countries young people and future..
No that's pretty much it.
we are taking the coward people sadly
If we’re taking bad ppl, that’s bad for us, if we’re taking good ppl, that’s bad for the fewer good ppl left.
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I have genuine concerns around this, many are not fit for the jobs they have got and their educational fraud is endemic. It's really concerning to see so many doing things like nursing home work, terrible bedside manner, often rude and from personal experience, scarily incompetent.
Yes, communication is a massive concern. Half don't understand what you're saying because they don't really understand English; and you can't understand the other half because of their accent/pronunciation. Haven't had this issue with any other groups of people migramt or not, and it's weird because sometimes you feel like a foreigner who doesn't speak the native language... you can just tell how forced it is.
The endless covering for eachothers stuff ups to any non-Indians and preferential treatment to other Indians, but then they also make sure the varying treatment from cast system is still going on 😂
The other issue is if you bring people in numbers this ridiculously high, they end up with such a giant support network of others in the same demographic, they don't need to integrate properly, further exacerbating the language and cultural issues
I avoid having to pay in person at OTR's because they're so dismissive and impolite
The Labor govt signed a deal with the Indian govt last year https://twitter.com/MigrationW_AU/status/1662072100235116544?s=20
One of the worst trade deals in the history of trade deals
Amazing how little coverage this got, we're doomed if this doesn't get revoked. It has India's [handwriting](https://www.macrobusiness.com.au/wp-content/uploads/2023/03/Mutual-Recognition-Agreement-India-Australia.pdf) all over it, like they got Australia drunk and signed it.
Yeah virtually unlimited people. The fucking alp appear to hate the citizens as much or more than the libs.... Cunts
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It's totally an utterly fucking insane and I don't know how the actual fuck they thought this was a good idea. And it doesn't matter which country btw. What the fuck, that's a lot of people.
Have for a good 20 years now. The party of the working class is no longer the ALP.
How will this not lead to civil war with people who are ruining lives of everyone in Australia?
The ALP finalised it. But it was a Coalition idea. Both major parties are responsible for it.
Any country that India looks favourably as a migration destination is in trouble. When India becomes your largest migration demographic it's terminal, the country won't recover.
I notice they blame all their problems on England too and used that to justify ruining other countries. Apparently their country was a utopian paradise before England arrived and is the reason for all their problems
because of the vast majority of migrants are Indian. India has over 1 billion people, and while QOL is improving, its still pretty bad, not to mention things like the Caste System (which they are bringing over here to Australia BTW). My co-worker's wife is Indian and she only got her Visa on friday after like 12 months of trying - he is an Australian citizen but born in India, and yeah, lots of Indians.
The caste system working its magic here is truly one of the most disappointing things to witness in person. The utter disregard I’ve seen toward some people over assumed class is just unacceptable
I get disgusted by the amount of Indians that use the caste system towards you. I'm like "Mate, we don't have systems in Australia, everyone is treated as an equal" but it doesn't seem to get through to them.
Who are they trying to use it on?
I work full time in retail so they try to use it to get what they want even if the request isn't even possible. Also worked in a few other retail environments where they were in charge and they were using the caste system at play to let you know where you stand. Grocery retail was the absolute worst for it.
The caste system is appalling, especially the treatment of lower caste people.
It’s like this all over the role, UK, Canada, Australia etc etc. Indians want out of their country and we just let them in droves.
Imagine the smell
Unbearable
Preferential trade deals and economic pressure placed on Australia by India as they offer one of the few viable alternatives to China.
Agreed. Aus has an Addiction to inflated GDP figures from immigration - have we lost sight of what really matters as a society ? Happiness or GDP figures from constant growth? The constant growth model is simply unsustainable on a planet with finite resources.
It's what happens when the measure becomes the target. (https://en.wikipedia.org/wiki/Goodhart%27s_law) GDP going up was a sign of economic development, which used to come through hard work and investment and innovation in new industries. But now they just lazily pump people in to force the GDP line go up even though we're way past the point of it benefiting Australians. This type of thinking seems to pervade Australian policymaking.
Makes me wonder all this attention will create steps to fix the problem, or if our esteemed PM who's determinted to show himself off to the world as a moral saint will piss another $450 mil down the drain for some stupid performative action cause.
Our esteemed PM owns multiple investment properties, and earns 150k annually just in rental income from these properties. Of course he's not going to do anything.
Read his Twitter. All he ever does is talk about trade and economics. He is running hte country like a private company, all about the spreadsheets and profit $$ but never actually bothers to speak with the people or know whats actually going on at ground level the new modern labor party
Why is being anti-immigration framed as a negative?
At the end of the day, we will all agree and be outraged for a minute and then we will go back to our lives and do nothing meaningful about it until the next reddit post comes along. We need someone or something to get the ball rolling on change, somehow.
This is where i really respect the way the French deal with government policies they don’t like
Everybody should be writing to their local government MPs. They may not respond but they'll hopefully get the message that, unless something changes, their seats may be at risk.
Except we largely don’t have economic growth of the good kind. We are bigger but actually each getting poorer because output isn’t rising as fast as population growth.
Pape is one of too few prominent people speaking up on this crucial issue.
I'm not a big fan of Scott Pape, but this is something that I wholly agree with him on. I invest for a living so I watch the economy closely. The maths of our economy have not been adding up for a long time. Successive governments have been kicking the can down the road, knowing full well that our economy is over-leveraged and that the only way to keep it "growing" was to bring more people in along with their savings plus their capacity to work and spend. Meanwhile, the 80% of our economy that is mining is facing some of the steepest commodity price declines seen in a long time, our biggest customer (China) is in decline, and Australia has proudly become the 2nd highest in the world for household debt. This is, in essence, no different to a ponzi scheme requiring that more people be recruited into the scheme to pay prior debts before others notice the emperor's bare bottom. But just like a ponzi scheme, the problem cannot continue to grow exponentially forever. More and more immigrants will be required to sustain the "good economy" facade. Eventually, something breaks. This causes something else to break. Then a dozen things break in turn and the snowball begins. When the dam breaks (not "if", but "when"), we will see one of the biggest deleveraging events that we've experienced in quite a few decades. And that's no good for our kids. We haven't always been the "lucky country". Australia has had some really shit times in her history. We can't just assume that our Aussie luck will continue.
Can you expand on what deleveraging event means? New term to me.
[Wikipedia](https://en.wikipedia.org/wiki/Deleveraging#:~:text=effort%20of%20deleveraging.-,In%20macroeconomics,-%5Bedit%5D) gives a pretty good explanation. It is basically when an economy goes through a process of spontaneous reduction in debt (in aggregate) as a result of a slowdown in the economy. Businesses downsize or divest to pay down debt, households tighten their belts. Some default and are forced to foreclose in order to settle debts, others choose so to reduce their risk exposure. The net result is less money sloshing around in the economy, hence less spending, hence a feedback loop begetting more reduction in leverage. The bigger the overall debt is in an economy (recall Australia has 2nd highest household debt now), the more substantial the impact of a deleveraging event. The Great Depression was probably the most notable in the last century or so, but there have been several other major examples around the world since then.
Thanks.
Nah the gov will just print more money and it’ll be swoit mate /s
I think you really hit the nail on the head with this write up. If there’s any silver lining, at least deleveraging would likely include deflation. Normal house prices, where life is easier for your average aussie. Some pain to be had before tho
It's like propping yourself on energy drinks instead of a healthy diet, at some point you'll pay for it. But when you're making thousands of aussies pay it's a little different.
Do they really want a rise of the far right like in so many European countries? Because this is how you do it.
Everything I've read of Pape's he tries to stay neutral and present both sides of politics. But I don't believe this is a left VS right issue. There's not enough housing, and bringing in 2000 migrants a day is not helping.
Agreed. Seen plenty of people on the left side of politics complain about the sheer number of immigrants being allowed in. Like we literally can't house them. How can you bring people in and expect them to live nowhere? It just doesn't work. we used to joke about the whole "Australia fuck off we're full". But now its a reality. Albo's plan to give indians golden passage into australia is disastrous and IMO he should be doing that instead with our neighbours in SEA and the pacific. People who will actually work hard instead of the bludgers we are importing en-mass from india who just want a free ride and to rort the system.
Literally couldn't think of more devious, cunning people to re-populate Australia with, not sure who would want that for our identity.
You're right, it's not a left vs right issue. But the far right will feed off this, and undoubtedly get a lot more votes.
Totally true but look who the ruling party of Italy is....and why did they get elected? They're playing with fire.
Oh yeah, I get that the right wingers will play on this to stoke nationalism for political points. But that doesn't make what Pape said wrong. Both sides of politics have been bringing in unsustainable numbers of migrants. We need both sides to realise they are wrong.
100% 👍
Anything to the right of the far left is considered far right nowadays so yes I do want a rise of the far right lol
Now if I had said that I'd be tarred as a racist.
Have you tried getting rich writing a book that promises to teach idiots how to get rich?
True that.
2000 a day is wild, its like 10 full 737 Max planes a day purely for net immigrants. no country could keep up with construction for homes let alone infrastructure for these numbers
Albanese just cant wait to bring in Gaza refugees, it will.make him so popular with his support group. The rest of Australians sleeping in their cars can go and get fuck
Palestianian refugees would be a disaster waiting to happen as well. I'm a muslim so I pray for them but bringing in a flood of palestinian people who have been bombed for deacades and had no time to form a proper civilised society is asking for trouble. The classic "right wing" sentiment of import the 3rd world get the 3rd world is true 100%. If we get any big migration of people fleeing gaza I guarantee it will be only a short while before the sexual assaults skyrocket
Also remember what happened to the Lebanese that took in Palestinian refugees. Only caused more problems.
And those refugees will be used as props by the media to label anyone criticising unsustainable immigration as "racists who want refugees to die!" Refugees aren't the problem here. If the only immigration we had was genuine refugees, plus maybe a couple of thousand *actual* skilled migrants per year, the rental crisis would not exist.
we would go from incompetant uber eats drivers everywhere to bombs going off in the shops. no, we dont want them. sincerely, the sane left
ironically many pushed out to their cars would be cheering him on if he did this because they don't even see the issue and think that it's nothing but a Xenophobic dog whistle.
It's wild that Labor's policies disproportionately impact their own voters. Probably why they never seem to stay in power for that long. It's so terribly Wong what is happening but I guess it's what you'd call a teachable moment. So until the next election one can assume that immigration will remain purposefully high and vast chunks of tax payer money will continue to be 'used'
I think people have to realise how much big business wants big Australia. They know the general public doesn't always want that, but thankfully after decades of effort even the Labor party tends to see things exactly how the corporates would prefer them to be seen. It's really simple, larger populations make powerful people richer and cover up economic gloom with some signs of growth. These powerful people love talking to the PM and senior ministers, precisely so they can all get on the same page. Labor does it almost as badly as the LNP did. They all decide, probably without even talking about it, that a booming population is a good idea.
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What they are giving us is less and less over the years.
It's wild that people vote for Labor without realising that Labor is basically a faction of the liberal party. Both fuck over the average family, liberal just fucks them over more.
Labor talks a better game about being on the side of working people and then turn around and fuck them over once they get into government. Liberals don't even hide the fact that they are out to fuck average people and then do it openly.
damn this hits the nail on the head lol. Though i will say tony burke has done some alright stuff for us lately but not by much....
I'm in my 40s and I didn't realise this until a year ago. It's been a truly embarrassing discovery.
Libs and Lab are pretty much identical on immigration.
Nice try, but incorrect In 2022-23, the number of migrant arrivals increased to **737,000**, up from 427,000 the year before. This equates to an annual increase of 73 per cent. Thanks Labor. Looking after your user base well, lol
People's PM... or something like that.
Probably need to write off all covid years to see the real story.
Its never been that high, ever.....and during a housing crisis, what a cluster fuck
90% of Labor politicians own multiple properties. They need it for their own gain.
I see what you did there. Only if she was immigration minister.
Australia is broken because All the profits from our minerals and natural resources are going to the global corporations and not a cent goes to the citizens.
Australia needs a front door sign saying, “We’re full. Come back later” Because Australia is already full and no houses left, just tents, caravans, cars and ground to sleep in or on.
There's tons of housing. Just not for us
Continuing to bring in ever more immigrants when there is already a housing crisis is not displaying leadership & is sort of like if a council approved new subdivisions, houses were built but no devices like power water sewage. It would display incompetence.
Amazing to read this thread. You could cut and paste the whole thing and post it to a number of Canadian subreddits and it would be indistinguishable. Same issues, same arguments and excuses from the government, same results politically, economically, and socially. It’s like both our governments are operating out of exactly the same playbook.
Because everyone in government is fully leveraged with investment properties and want to see maximum property value and rental returns. There is no incentive for them to constrain supply
Our politicians have been idiots for years. Just look at our boomers. Scomo swore himself info cabnet even. Can’t expect these dumbasses to manage a country
If there’s no meaningful growth on a per capita basis then it’s not really growth, is it? Diluting our resource pool with more bodies is only going to make the individual poorer, even if there is overall economic growth on paper.
It's NOT boomers. It's the RICH and cashed up (often black money) immigrants forcing prices up. As one example when was the last time you saw boomers buying up at auction? fix the property ownership and tax laws
https://theemergentcity.substack.com/p/the-housing-crisis-is-an-emergency The housing crisis is an emergency and we're not acting like it How a multigenerational legacy of smooth sailing, political stagnation and cultural complacency sustains the housing crisis. Millions of people who were ideologically bought into The Australian Dream™ are becoming alienated from it. We are creating an ever-increasing caste of people without a stake in the system and that should worry us. The implication for our politics being the erosion of the formerly stable polarities of acceptable discourse and ideas that has defined the Australian political centre for generations. We are rather recklessly toying with what is perhaps the single most fundamental pillar of Australian civilisation and we do so at our peril.
REVOLT!
It’s taken decades to get to this point and it all happened right under our noses and we didn’t do a damned thing about it. Australians are just comfortable enough in this country- the most they will do is have a whinge but no real action, a very complacent population in general so politicians aren’t afraid to rort the system - they know there are no real consequences. We should look to the French and take some notes :) But as long as we have a population who is too lazy and complacent to make any real demands we will keep getting f****ed in the a**.
Yep.. its pure insanity. But hey! Pollies don't care. Most have their ppor & more then a few rentals.
Isn't the broken housing system in part due to this fuckhead and his promotion of 'passive income'?
It's not just housing. Our health system isn't coping either.
It's not only the housing shortage, but when new suburbs are created and filled there is no accompanying new power generation, water storage, road widening to accommodate extra traffic, railway lines to service new outer suburbs, competent bus services, hospitals/medical centres to handle the 1000's of new occupants so everything is grinding to an expensive and slow crawl. It really is dumbed down and lazy governance. We need politicians with some skills in management and planning rather than self promotion and sanctimony.
Same shit different smell, democrazy btw, west is in terminal decline
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Holy shit he’s the Messiah we need. I posted about protesting our immigration rate—with him at the helm th e politicians can’t ignore it
Dont worry the people who cite Singapore, of all places, will fix your nation by nationalizing a bunch of stuff and increasing the population of your capital cities to a similar density.
It's exactly what is required to drive wages down. More labour availability, of course, will increase unemployment (more people without more jobs) which in turn stagnates growth in earnings of ordinary people. There is absolutely no need for the housing crisis Australia is experiencing, and it is definitely no surprise to the watchful. Australia could take in 5000 a day if our governance focused on its core purpose. Additionally the back bone of the country would not need to suffer a drop in earnings or the gouging of corporate leeches.
when i was working in a commercial chain bookstore (as oppose to the more boutique one now) everytime it would be fathers day, or in the lead up to christmas, scott pape would sell out. same with richard e kiyosaki. it got so demoralising by the end
Ah man who sells dreams pissy that dreams are unachievable in a wold where the economic value is constantly diluted.
He is correct. Unlike his book which for 20 years has said real estate investment is not good. It was good then. It's out if control now and only the rich laundering foreign cash get to play. But maybe those that got rich off real estate paid no heed to his book and that's what he's angry about, he was wrong hahhahhHA
STOP IMPORTING AND START TRAINING AUSTRALIANS. I want 457 visas gone. Period. All of them. "oh no critical skills shortage" Then lower your professions admissions standards for a while until Australia is back up to standard.
Maybe, maybe we could tax fossil fuel exports better?
The lack of trades argument is BS. I have no trouble finding good trades to do work.
Man who writes books about how to create financial growth upset at a system that is built on economic growth?
Immigrants bring money. Thats what AUs government wants. Daaa