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The Forum > Article Comments > The real reasons for Australia's housing crisis > Comments

The real reasons for Australia's housing crisis : Comments

By Brendan O'Reilly, published 27/3/2023

Sydney was recently ranked the second least affordable city in the world after Hong Kong, with Vancouver in third place.

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A pox on renters.
Surely they can drift off somewhere and die quietly.
And the thought of them demanding a dog, who do they think they are. Bloody upstarts!
Posted by diver dan, Monday, 27 March 2023 6:57:28 AM
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Albanese is rich in investment properties. Net migration crested 300K, in the year to September 2022. The madman Andrew Giles has processed 5m visas since Labor came to power, so net migration will keep climbing.

With housing construction stalling, and Albanese's laughable HAFF "housing fund", the housing and rental crisis can only get worse.

Won't the PM have to make some changes? Not at all. Voters don't count. LibGreenTeal, the "donors", and the "stakeholders", are all perfectly relaxed. More time for the PM to emote about The Voice.
Posted by Steve S, Monday, 27 March 2023 7:15:32 AM
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Immigration and foreign students have to be the main causes.
Posted by ttbn, Monday, 27 March 2023 8:01:41 AM
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One is better off all round by putting money in term investment bank accounts than investment rental property and for all the reasons stated by the informed Author. Ditto farmers who average just 3% net.

The only farms that make sense are hobby farms that provide self-sufficiency. And the only home to invest in is the family home as a means of avoiding ever escalating rental fees.

If we would increase housing supply, we need to revisit negative gearing and capital gains exclusions. And make sure both apply exclusively to brand new never lived in new housing only.

We need to get investors out of the second-hand housing market and out where their investments increase housing organically/annually!
Alan B.
Posted by Alan B., Monday, 27 March 2023 9:19:14 AM
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The real reason is Greed !
The prognosis isn't very good for decent folk !
Posted by Indyvidual, Monday, 27 March 2023 5:44:51 PM
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One of the reasons,

very religious People in their mid 70's owning a block of flats & 4 houses are bitterly complaining that they can't get the Pension & therefore have to keep working !
Posted by Indyvidual, Wednesday, 29 March 2023 8:01:36 AM
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