And in the middle of nowhere

@@angelicgirl305 The Jews? Are you watching the ABC or al Jazeera?

@@angelicgirl305 Racist, unrealistic, misogynistic, and more, very bitter views indeed for someone using the nom de plume Angelic Girl? Perhaps you cannot spell either. Devil is spelt d-e-v-i-l. More appropriate with your opinion. Uninformed on basic knowledge and Relevance to Video?

yeah get the government out of the housing market

Eventually there won't be enough new people to fill jobs. A lot of older people chewing up land in high value areas, which are usually near jobs, only creates pressures on new people to go into greater debt to buy property, or pay higher rents or commuting costs. This restricts their ability to have many children, meaning you have to rely on immigrants. The problem is, with the high housing costs and low incomes, most of your immigrants will be from the Great Unwashed - poor, uneducated types. The ones you don't want, because they can't do a lot of jobs. The more skilled immigrants will move on as soon as they get something better in a country they can afford to live in and have a reasonable lifestyle. This system will erode out the labour force that maintains it, so long as large slices of land continue to exist for the benefit of the rich few.

No one really seems to have understood just how instrumental government has been in creating artificial scarcity through zoning restrictions.

Yeah, cheap crap. I've never seen so many poorly built houses in my life

@@rotam8680 Agreed, zoning laws need to be loosened, particularly for single room occupancies, mixed commercial residential etc. We also should have reciprocity arrangements with foreign buyers. Australians can't build and invest in apartments in mainland China (they are one of the largest sources of foreign buyers), until they relax their restrictions the same should apply to them here.

I don't see prices going down any time soon, so it would actually help to lower people's expectations. Otherwise, they are just setting themselves up for unrealistic expectations and disappointment. Anyway, it is good for the environment to accomplish more with less materials.

I see your point. In some ways, present technology still points to economical timber as being a luxury worth attaining again. (Intentionally understated for effect) Let's at least invest in more tree planting.

tiny homes is affordable housing, this is what inflations along with supply and demand looks like. your dollar shrinks ..you cant buy as much as you used to

Why is your opinion that reducing expectations isn't a solution? What gives your view credibility?

@@modernexistence4206 We've recently moved into a tiny home so that we could assist family members that were in a desperate situation with regards to the current rental climate. I've come from the experience of sharing a 2bed cottage to moving into a 6x6m tiny home (So a pretty big one). There are places where the downsizing has been comfortable. I didn't need a full size kitchen, it's easier to clean, but when both people work from home full time and there is only so much room things become a little more diffcult. Across the board there are a lot of sacrifices that need to be made when downsizing so much and I don't think people should be forced into the position. Living minimally can be a great approach for some but I don't think it is one for everyone.

He could have moved to Queenstown, TAS and brought an old house for 60K.

He must need to be in the area. Also, I don't believe he mentioned how many acres he purchased.

At start they say only 17 000 and it ended up 208 000 fake news again...

Desi Littlest Pet Shop 😬

All it is simple, people with the intelligent to build houses or company,makes more ideas to sit around and make money,while the young works hard everyday,I mean the pay is really necessary,but in a bad way it enables people to not want to work knowing it is family owned,like how the war started back in the day,they took someone else's land and now claiming it,selling it to random consumer,really irritating if you ask me

Government fighting climate change by increasing tax, thus losing all our manufacturing and making Australia more expensive to live in. Our dollar is being kept on life support and is bound to crash hard.

How is this sad? A guy made his own house.

You don’t think it’s sad that people are forced to “get creative” live with extended family or build your own tiny house just to live in a house they own. Not the Australian dream I grew up wanting! But if it’s yours then great...

@@angelicgirl305 WTF?

@@nchalp6631 The dream is in your own head. If you think you need a mortgage or own your own home or whatever and it's out of reach, you've just sabotaged your own life. Half the world are living in abject poverty. Perspective, bro. Rent and live within your means and get over whinging about your dreams. The world doesnt give a shit, we all have to deal with it, mate. I rent. I'm happy.

@@alegriart Sorry, it's gone up there too. Apparently a shortage of building materials and skilled builders

Your forced to live like this!

I live in rural Thailand where we can build on our land off grid, no permission required & no rates to pay. The downside is we have no services from the local council either we do have electricity & fast internet

@@ubonrat8653 Asian Street Scenes A thought provoking reply! I often forget that the council restrictions maintain the appearance and function of our suburbs. Out of interest, do you also have running water and sewage systems or is that off grid too?

But I thought we lived in a free country?!

Astrologist Septics are off grid. Money suburbs in Australian cities still use.

Yes, I agree. Fancy the ABC touting such BS!

They've been saying that for ages, but stocks and property keep going up and up. The reality is there's an endless stream of buyers. Even the GFC looks like a blip on the charts compared to where we are now. A recession is of no concern to long term investors

The house of cards is collapsing as we speak. When the worst comes its gonna be nothing aussies have ever experience before.

@@soulsphere9242 do u pay any attention at all to international news regarding political, social and finance?

@@soulsphere9242 Then you'll under stand im not parroting a clickbait article header

You sound like fun at parties.

Beauty

Nothing there for those prices these days. Same for where we bought in Maryborough qld in 2019. We got a big highest Queenslander for $188,000. It’s worth around $311,000 now and we’ve done nothing to it. Just everyone escaping the cities due to covid. Would be hard to get your foot in the door for these prices now.

It's very stupid

It’s called being a victim of your own success. You can’t have a low cost of living combined with high asset prices.

That's my dream too. Small house, giant garden.

ML6103 it’s true, but overall we’re actually a low taxing nation. We tax about on par with America.

Andrew Horton what you are saying is pertinent however this situation is not sustainable. To have major international conglomerates paying no tax and the everyman paying these levels of tax for basics is a recipe for disaster.

funny enough i know couple of people that do that including of a mate of mine its ok.. if your single... but if kids come along...

We recently traveled for 3.5 years around australia in a van and let me tell you it wasn't all roses. This bloody country is already locked up and its getting worse. All you see is NO CAMPING signs everywhere - gooooood luck camping on the waterfront of anywhere unless it's remote and even then you have bloody ranger patrols. not to say free camping can't be done but it takes a fight to stand up for your rights...not everyone has it in them...people generally take the path of least resistance and end up in a shitbox caravan park paying $30 plus dollars a night. unaffordable

Van life is not going to promote large families. The population growth the government needs to pay for our huge welfare state.

@@user-dq2ym1nn9k lucky I'm in Tassie huh lol

Someone like Elon Musk should invest in actually mass made nice design inexpensive houses. I think it's possible

@@LucasRodmo I haven't checked this out yet - but heard a few years ago that Swedish giant, Ikea, were developing flat-pack home designs. Makes sense 👍

What I was thinking...

Ok... 1. replacing stamp duty with an annual tax makes houses more expensive, because instead of a one off payment you are getting slugged every year. 2. the family home is a liability, not an asset. It costs you money to hold. 3. get rid of negative gearing and you slow down investors. That also means fewer new homes being built, which means more competitive and more expensive rents. 4. not going to argue against better infrastructure and public transport. Does cost though. 5. stopping foreign investment would certainly lower prices, particularly on the east coast. More first home buyers may make it into the market, but lower prices also mean it's easier for investors. Housing is very expensive if you want to buy in a high demand area. It's very cheap if you invest away from cities. The real answer to a lot of first home buyers is pretty easy - lower your expectations, and be disciplined with your money. If you are aiming for a smaller house or one further away from CBDs, and you are keeping your household costs low, you can find places. My first house was in a literal swamp. My last will be in a blue chip suburb.

@@kenreckless9845 1. This is completely false, instead of paying upfront and including the cost in your mortgage which gets charged interest you would pay directly to the gov and would not be upfront. Plus it would make it easier for people to move to take on a new job or have more kids etc. 2. The home is an asset, well at least the value less the remaining mortgage amount. Doesn't matter if it costs money it is still worth something. For example if someone sold their house and choose to rent, would the money in their bank not be an asset? 3. Apologies, I meant only get rid of negative gearing for existing builds, keep it for new builds. 4. The cost would be recovered by the savings on negative gearing as well as an estate tax that would apply to all assets. 5. It's statistically much harder for people now than before, regardless of personal anecdotes. Of course people need to be realistic but houses where I grew up and lived until very recently were 150K in the 1990s, those same houses are probably 1.5m now. 10 fold increases in 30 years has priced many out of the market and i don't really want to live somewhere where I would need to commute for over an hour to work each day. Hopefully with online working I might be able to live in the country and come in one day a week, but who knows.

@@wyattjosh283 1. If the 20-30K stamp duty is making that much of a difference, you can't afford the house. 2. the family home is never an asset. You have to live somewhere. Are you suggesting that to qualify for the pension you must own nothing? Way to put the elderly at the mercy of landlords... To point 5 - yes it is much harder now because the number of people trying to buy homes has dramatically increased. We've added 8 million people in that time, mostly in the coastal cities, and we now have huge numbers of Chinese people trying to protect their money from the CCP by investing in real estate here. Competition has driven up the house prices and we simply haven't built enough new houses. "I don't really want to live somewhere where I would need to commute for over an hour..." Nobody does. Hence the competition and the high prices. If you can't compete, then bite the bullet and do the long commute. Or rent. I grew up in Outer Western Sydney. 2 hour commutes were not uncommon, and that was in the 1990s.

@@kenreckless9845 stamp duty makes a difference, alright only a small one but still a difference. Plus an annual tax would mean that people who bought decades ago pay their fair share of state tax. The family home is an asset, people who own one have the option to get a reverse mortgage. Or they can rent, why should young people be forced to rent but retirees with far larger bank balances hide their net worth in their home to make sure they can maximise their pension. It's also hardly fair on pensioners who don't own a home. The population has increased in Sydney and Melbourne and clearly foreign investment laws need to be changed. A simple answer would be to make it that foreign investors can only buy new properties, that would create new construction jobs and there would be plenty of new apartments for people to rent at low rates, especially if laws also put extra taxes on unoccupied properties.

@@wyattjosh283 "why should young people be forced to rent"??? Are you kidding??? Because those young people have not yet earned the means to buy a house. They should get off their backside and go work, not complain about people who have already worked hard and now have their own home. What do you consider a "fair share of tax" that you want homeowners to pay? You know, besides 30+% income tax, land tax, council rates, utilities charges, various emergency levees, insurance on all the above, plus maintenance. If someone works hard, makes good choices and now owns their own house, they have made good choices and should be congratulated. Doubly so if they've been able to invest in another rental property, because their hard work has enabled someone else the opportunity to rent that house. Pensioners who don't own their own home should be rare - after all, what were they doing their whole working life - but regardless, they get subsidised housing provided for taxpayers. How is that fair for the hardworking homeowner? They have worked and sacrificed for their home, and see the taxes they have paid just get spent to give someone else the same thing that the homeowner had to work hard for. We have a very generous safety net in Aus. If you want something, whether it's a house, car, boat, whatever - you are far better off working hard towards your goal than sitting back complaining about what someone else has. That and being clear eyed about your financial capacity. I know very well that I will not likely be able to afford to buy in inner Sydney or Melbourne. Ever. I'm very okay with that. Instead I'll buy where I can afford. Foreign investment laws I reckon we have some common ground there.

@DX2000X nope. They have no savings and no retirement.

Sounds awesome you’re living the dream jedics.

@@alyssaoconnor yeh been in for 6 months, couldnt ask for more other than more power storage which I will get when all debts are payed off.

Richard Pauli yes, it’s a real lucky dip!

It's one building on one title so it wouldnt been much different to a couple getting finance

Neither my wife or I do any of those things, so obviously not "everyone" does what you claim they do.

I love this but " pointless driving " kinda throws me off BC you make some of the best memories taking in nature's surrounding on some old back road with best friend ,♥️

this is the way

Ant Poo so you can’t have a life then?

So live in small town can afford to buy and live but have to do said "pointless driving" to get medical and facilities or visit family in other city/states.

You should of had the foresight to be born 30 years prior to when you were, obviously.

$50,000 in 1980 is $217,309.47 in 2019. And if you get a mortgage for $150k (with a $50k deposit) at 3.27% that's $655 a month. The average monthly salary in aus is $6,536‬, so it's affordable for a lot of people. Obviously not everyone, not myself, but hopefully one day I can house for $200k.

@@Kieran4Mayer true but things where also relatively cheaper as well

And somewhere to put it is the real killer. In western Vic (and I assume, the rest of the country) the only affordable land is too small to get a planning permit to build on. There are plenty of parcels that are 1-10 acres, but council zoning laws will not allow a residence on less than 20 hectares on land zoned "Farming". The justification is double-speak. They want people living in the area to build the local economy, but seem to believe that to farm the land you have to be a mega-corp (who, ironically buy farms but bulldoze the residence). As a single mum with chronic health problems, I could make 5-10 acres produce enough to run a small business, selling at farmers markets or to local cafes, but I couldn't run a large factory farm. It might even be enough to no longer need the insecurity of centrelink. One son could set up a sound production studio when he finishes his studies, bringing more income into the district. But NO, we can't be having with that sort of thing.

Not greed of developers. They don't set the prices. Buyers set the prices. If prices are high it's because there are lots of people out there wanting to buy and prepared to spend big. No buyers, prices drop.

If we didn't have mass immigration and uncapped foreign investment to prop up boomers asset prices the low birthrates of the boomers would have come back to bite them in the ass as the property market deflating thus making it cheaper for young native families to buy and have larger families as the boomers parents were able to do.

The trouble with the rental crisis is that renting is just as expensive as a mortgage, in some cases a mortgage would be cheaper even if your living in the country. Good luck meeting the borrowing standards and being able to get a loan though even if you can provide rent receipts to prove you currently pay more.

@@alyssaoconnor exactly. My then husband and I tried to do that 10 years ago. We would have been paying 3/4 in mortgage as we did in rent (less now with interest rates so low), and ended up owning the place, but the banks wouldn't lend the modest amount we needed to get started. Instead I am trapped paying higher rents and moving further and further from our social network every time we are forced to move.

@@fionaanderson5796 I’m sorry to hear that hun its bloody ridiculous isn’t it, I experienced the same thing 19 years ago but as a single parent to one child with two casual jobs and was considered too much of a risk. I’m lucky my partner and I own a house now and I appreciate it as I know renting and buying now is out of reach for too many. Its a sad time when many people are trying to survive in caravans, cars and tents or having to move hours away from any support when there are options like this.

Yes. Way cheaper but we don't have the most efficient public transport system. If you want to love to bendigo it's 40 bucks a day to get the train, that's 200ish a week. Might as well live in the city. If we invested more in transport more people would move out of the city and there would be less congestion and housing prices would be more balanced.

@DX2000X 100 percent agreed. It will likely never happen.

It does actually seem like a decent solution

But we're not in Atlanta Toto.

Yeah, but where do you put them? Zoning laws and utility connection demands of councils make living in them illegal in most places.

Well, that proves it doesn't pay to risk your health for a company that will fire you at the drop of a hat. You looked desperate and needy. Not a good combination. You also gave more room for error and critique by being around so much.

@@DJRenee lol well actually I have anxiety and depression so working daily was therapeutic and the escapism actually did wonders for me that my employer understood but his business suffered to the point he had to run things himself on the ground. Regardless the only point I was hoping to communicate is just how ridiculous living in (in my case) Australia, Melbourne has become, even when you have a comparatively high wage. So tip to you Suzie, never act as if u have any idea what you are talking about when you literally know nothing about a situation, just gives u a bad look nothing more. Cheers

Hope You will get well, start over, fight for your dreams and enjoy your life! Life is precious!! Many blessings to You!🙏

That's including the land

@@thomaswilliam630 he spent $75,000 on land (bit pricey) but if that was just land. The $103,000 on building the house is far too much and not cheap. There are way cheaper ways to builds decent house. He also spent $30,000 on services like wtf..

@@thomaswilliam630 if we're talking "affordable" he's off the mark there. Especially for such a small "granny flat".

@@deprimat666 watch the program again. $210,000 includes everything. This is Australia, not a developing country. 210 in Australia is cheap.

No kidding. My mom and dad raised seven kids in a 1200 sq foot house with one bathroom. Some how we all survived and thrived. Now you have a couple with no kids living in 3000 to 5000 sq foot homes. Just feel fortunate that my husband and I broke into the market in 1999. Prices have gone nuts since then.

@@alegriart I don't write checks for rates. I mean dollars, and specifically the cost of property taxes. Income taxes are costly too, but I am not talking about those because they apply to income from any and all sources.

3 at least lol in mine

But most in Australia earn $80k + a year. It’s all relevant to income and product prices.