Read today, investors in Communist China are even more anxious to buy Australian real estate, much of which will be left empty, falling into disrepair, because that’s what Chinese investors do.

I bought my first property in late 70’s at 18% interest on the loan. That was doable then.
In today’s terms, 18% interest on a pretty standard mortgage of $500k would be (correct me if I’m wrong) $90k pa.

Manipulated interest rates are an antithesis to capitalism one would think.
The lie among others from Canberra is the current interest rate manipulation is a minor contributor towards inflation.
That lie would be on a par with the lie of unemployment statistics.

And I don’t swallow the claim that Government charges are a major contributor towards property values. They are simply an inconvenience no more.

I vote for putting politicians against a brick wall, the same wall they build in front of affordable housing.

Dan.
There will be no forthcoming war with China. That war is already won without a shot fired, China is the winner.
The perpetrators of the loss are greedy politicians with property portfolios to protect.
And I suspect the reasoning behind the opposition to a federal ICAC is very close towards protecting the back sides of those in Canberra who make significant profits from inside information on such secret endeavours as future immigration pressures on the domestic housing market, creating by neglect, deliberate housing shortages with upward pressure on prices. A lovely little nest egg scam which I’m sure there not unhappy about!

And if they had a heart, or any empathy towards the lesser equiped classes below their dignity, there would be “worthwhile” Government investment into social housing somewhere near the scale of the late 40’s early 50’s.

People should not own hoses unless they reside in them. It's the insanity of speculation that's the cause of house prices being unaffordable.

The hopeless bureaucrats in local government are taking up to 2 years to approve development plans costing developers $ms and pushing up the cost of accommodation.

The hopeless bureaucrats in local government are taking up to 2 years to approve development plans
shadowminister,
these Labor supporting incompetents need to be charged !

*… The hopeless bureaucrats in local government are taking up to 2 years to approve development plans costing developers $ms and pushing up the cost of accommodation…*

Which is predicated on scarcity overpopulation and the sale of domestic real estate to any foreigner with the money and nouse to enter through the back door of weak legislation.

NSW has dispensed with Berejiklian, who in the end couldn’t hide her involvement in the underhanded land of developers.
She above most before her, made it plain how the system of corruption works, from the top down.
And speaking of stratification of privilege, that leaves the vast majority in housing crises mostly built on the foundation of massive debt and job insecurity.

So yes, it’s a fault of Government, and an ignorance of Democracy.

Dan.