I'm a single lady and a Early Childhood Teacher. It's hard, but not impossibe. My Irish family keep asking me to move there. There is NO way I would move there. I love Australia!! Staying here til I die...

Not all older Australians are home owners, a lot of us live in government housing, the rich get richer and the poor get poorer like always.

For Brits who think Australia is always hot, it was 2 degrees Celsius (36.6F) here in western Sydney overnight and at 9.13am on 20 June, 2024, it is 6.9 degrees Celsius (44.42F). The top temperature forecast for today is 16 degrees Celsius (60.8F) between 2pm and 4 pm. Welcome to Winter at 33.8 degrees South of the Equator.

An Aussie here. The regional areas should be emphasized and develop more infrastructure for living. Many people wants to live in the major cities but cannot pay the price for it. As a senior citizen I am leaving much of my estate in my will to my grandchildren, not my children who already own their homes. The' bank of Mum and Dad' are also helping offspring into buying housing, which has its pluses and minuses. There are many students who have come here to study in the cities, take up apartments and housing and then visa-hop and get jobs to continue to stay in the city and country. The Government has recently decided to crack down on them and the dodgy colleges that encourage them to become students. Spare land in cities is being developed for multi-storey housing on old industrial /factory sites in suburbs. In my area there are big numbers of them being built and this is 10 kms from the city centre. Aussies like their 'elbow room' houses with gardens and dislike having to sacrifice that for newcomers to the country (ie, NIMBY) who have not contributed to the country's infrastructure and wealth and expect a good life with house to be dished up on a plate to them. My parents emigrated here with nothing and over two more generations we have worked long and hard to achieve what we now have.

Civilised people with great health system, proper laws which are taken seriously, almost no guns, first world living in a spacious beautiful environment, and lay back culture. Who in the world doesn't want to live there. So when half a million new people a year turn up, how in the world do Australia's children buy a home ? It's all down to the great ideas of the wokerati.

When the PM owns 14 investment properties there’s not going to be much Government progress made on housing development. The cost of building has skyrocketed too due to demand and shortage of tradesmen. Then about a decade ago the Coalition Government (Libs and Nationals) decided it was a good idea to give citizenship to wealthy investors. Just spend $5M in the country then allowance for citizenship when just spending 40 days in the country. Go figure. Thankfully that’s gone now. What hasn’t is wealthy Chinese in particular and Indian immigration that dramatically pushed up property prices. The point that is missed here is that immigration has increased dramatically in the last decade. A Chinese mother may have 3 children and immigrate, use all of Australia’s benefits with the Chinese father just supplying the funds for residency and upbringing in Australia. The other factor is those immigrated have children here, have them educated and often compete for University placements that Australians don’t get admitted. 75% of medical placements go to mainly Chinese graduates now leaving Australian born citizens with a mere 20% or so of placements. They will then multiply the situation in next generations so only these new immigrants offspring will have qualified employment leaving Australian on the wayside. Most people want to live within 30 minutes travel of the CBD. Where the infrastructure is, the basics in quality of life. It is possible to buy a 3 bedroom home within 30 to 40 minutes of the CBD in a smaller city like Adelaide or Perth but it will be in a low to mid socioeconomic suburb, have some social issues but otherwise is affordable for a couple on a minimum wage say of 50k each. House prices between 600k to 700k. The average price is over double that in Sydney. The best employment opportunities lie in Sydney and Melbourne and why more go there to live. Re weather, better do some research there. It’s early winter here and there’s not a lot of hot weather going around in the south. Try -4C in Canberra, literally freezing in Melbourne and 2C in Adelaide. It all temperate south of Sydney through to Perth and south through the country. Negative gearing has been a huge mistake in policy but any Government that removes that incentive will commit political kamikaze. Same for 50% reduction in capital gains tax if assets are held for a year. Remember the PM has supposedly 14 investment properties High rise buildings are being built in CBDs or nearby campuses for cheap accomodation for students in particular but more are required in nearby suburbs. But can you understand why NIMBYs are so called. I don’t want a skyscraper built next to my property blocking out light, not having privacy with all of the associated noise from 1000’s of residents then have a property devalued greatly because of these reasons.. As mentioned more detached houses are being built but that just adds to traffic congestion, long commute times and more pollution etc Sydney and Melbourne traffic are nightmares. So much time just getting to and from work. Often 15 to 20 hours a week for many in the outer suburbs without adequate infrastructure (rail). Nothing’s going to change for decades to come as the housing shortage is acute and there’s not a seriously lot being done about it to improve the outcome.

Without a doubt, this year will be worse than the last. I lost a lot of money last year as a result of bad investment choices that I would not have made if I hadn't been so worried about my portfolio. I kept investing, but I couldn't determine whether to start paying for a house. In the end, I sold my positions, and the house needed more work than I had planned. I'm not sure how long I can keep going like this

A major issue making housing so unaffordable is the huge number of foreign investors who don't live in Australia. Often they don't even rent out the properties but are driving up costs and lack of available housing. Canada has suffered a lot of this too.

The problem is NOT immigration. The problem is foreign investors buying homes and sitting on their capital growth while leaving them empty so they're easier to sell beyond three months. This is in direct contravention of foreign investment law and the government fails to do anything about it. I know this because my wife speaks four SEAsian languages and she's hearing these conversations between Asian investors and real-estate agents in the back yards and rooms at every open home. I kid you not, the reason agents do not disclose 'sale' prices is because they want citizens to compete with silent auctions. It's about time the government and the ACCC came down hard on the real-estate industry and started pulling licences from these corrupt businesses.

19:30 Infrastructure. It isn't just land, most of it is desert. You need water and transport. We have had about 30 years of no good ideas. My Mother when I was a child was working for an Engineer and his idea was for a one gauge railway North to South and branched across Australia. As far as I know it never got up. If you have point to point deliveries then rail is the answer. Trucks are for one off and remote location deliveries. If you can bring industry you can build towns. Rails and roads are the arteries that build cities.

Australia's rural areas and empty land areas have no jobs and very basic infrastructure...even in relatively big towns you miss out on so much...from the types of food available (like food from different cultures) and the stuff you can buy (hard to get latest tech and fashions). Australia's rural areas are basically 20 to 30 years behind the capitals and haven't changed much since the 90's. It takes longer and costs more for online shopping due to postage and even buying furniture you have very limited options i.e. no Ikea or other discount stores. Our cities have sprawled over large areas and for instance Sydney has basically used up its available area...the rest is some rural farmland that periodically floods making it unsuitable for homes...then Sydney is surrounded by national parks. Melbourne, Brisbane, Adelaide and Perth also have physical natural barriers preventing sprawl like mountains, escarpments, national parks and flood prone lands. One of the main reasons even higher density infil has basically stopped is mainly the cost of building materials...all of those have gone up crazy.

18:27 That reminded me. I went to Uni with a bloke that bought a property in Sydney for $230 000 in 1998 I told him that he was crazy. Year on year it increased $100 000 . He wasn't crazy. Probably too rich to even talk to me now.

Building more homes is easier said than done! There are many factors as to why new houses are not being built in enough numbers. You can’t just builds houses further and further from the cities because there isn’t enough work nearby.

In the 2019 election, the Labor Party had a policy to change negative gearing, which was opposed by the conservative Liberal/National Coalition, who won the election. A chance went begging.

Issues with fresh Water availability, Infrastructure, Policy, Building Materials availability vs import and Costs, Immigration, and Education are all contributors. Sprawl or Suburbs will always be a more expensive housing option than apartment buildings.

This only applies in major cities. Anywhere outside of major cities is nowhere near as expensive

There are too many people on the planet.

25 miles from the cost was 1950s.

FOR 10 YEARS I HAD TO SHARE RENT WITH MY SON, TO BE ABLE TO HAVE A HOME. THE LAST 2 YEARS I HAVE LIVED IN A PARTLY RENOVATED BUS "TECHNICALLY HOMELEES LIVING ON GOVERNMENT LAND". SUPPLY AND DEMAND HAVE MADE LOW INCOME PEOPLE HOMELESS, LIVING IN TENTS, CARS, BACKYARD SHEDS, (NO DIFFERENT FROM TENTS CITIES ). OUR GOVERNMENT HAVE FAILED TO PROVIDE GOVERNMENT HOUSING FOR THE NEEDY. SO,...... WHY?

Yeah,just build more homes.........builders,materials,infrastructure all just grow on the trees. Maybe you just bury a garden shed & wait for it to grow. Do you have a related trade ? Come out & make a fortune. It's easy to criticise from afar.

AirBNB has also become a problem. Don't need to actually rent out to get tax benefits. Just be advertised for rent. Eventual capital growth will easily cover lack of income. Also no pesky long term tenants. ALP tried to intro changes to tax and capital gain in 2019 election campaign but Murdoch & other RWNJ media ensured the message was distorted to a population with no tax knowledge. Victorian ALP govt intro higher land taxes for multi property owners and this has stalled price growth. It does work. Let's see if other states catch on.

Australian Here The are tent camps popping up in most citys. As for why this is a issue, they are deliberately restricting supply in order to cash in on insane demand. think of it as the diamond strat - diamonds are as expensive as they are by deliberately limiting supply to bump the end price. difference is.... people need housing. friendly jordies does some great videos on this

housing has gone pear shape around the year 2000 i almost got a house 3x but jobs got stuffed up now I'm 50 I'm bugged for owing a home now! that's life

Dude Research the firm (Black rock)

i live 4.5 hours away from the coast of sydney and that is the problem people don't want to live in the country

It's ok here I guess. Plenty of big insects and snakes to eat so always plenty to eat. Heaps of cheap stuff from all the businesses that shut down so most stuff you need you can find somewhere. Don't need any transport because you can't afford to go anywhere so you won't need money for that and there's plenty of stuff to build a shelter to live in. I reckon we got it going on good here I do

Australia is an enormous country but most of it is desert. That's why 80% of the population live around the coast.

sounds like Canada - I feel sorry for the younger generation who will never be able to afford a house. They can build all the houses they want but how to make them affordable? Rentsare also unaffordable in Canada and cost of living is killing everyone. .

I pay $600 per week for a one bedroom apartment. It's ridiculous.

Sounds far cheaper than what we see in Canada.

Allowing cashed up foreign investors to buy up all the free homes has pushed the prices through the roof. Because they are unable to buy more than 1 home in their own country they look elsewhere to park their money. All this new real-estate needs support from new infrastructure, roads & government services. But this is always an after thought of course.

it's not as simple as just expanding into areas not already developed, most of it around Sydney is protected National Parks and threatened ecologies

I just turned 70....my youngest son cannot afford to pay rent, so we live together...I am a very quiet person, so it works very well for us. I like my own company...and he just gets on with it. I have a friend who is 72, and her son who is 38 is also living with her! Plus both our sons are not looking to marry, they could not afford too and buy a house. Or even have a family. Things are changing, and not at all for the better. You have families with children living in tents!!. I think we should look at what they are doing in America. One man bought a lot of land away from the main city, he then allowed people to put their 'Tiny homes' on said land. Yes, they are small, but for a husband and wife and 1-2 kid's it's a place to call home. I lived in a mobile home for 13 years, and it was really nice. I owned the home...not the land. It is one way to solve the housing problems...

As someone who has lived in Melbourne, Wagga Wagga (regional) and Perth for over 10 years in each location. Most houses are not medium density everywhere in Australia needs more medium density. Australians hate to buy apartments due to bad apartments being built. Each State Government stopped building public housing decades ago. Melbourne is expensive now and to get affordable the people I went to high school with have long commutes (over 1.5 hrs sometimes) or have moved out to Geelong to work. Wagga is affordable but you will need to go to major cities for some things like entertainment etc. Perth, needs more medium density. There are also many other issues.

Why live in Sydney .. when it’s impossible to afford , has bad crime , bad traffic .. they all move up to Queensland and if they don’t like winters they move up to North Queensland where house prices are less than half of Sydney and have rainforest mountains , coral reefs & no winter .. ever .. why there’s lots of Poms up here.

Yeah, but under Keating, we had 17.5% interest! That cost me my home, back in the day. The repayments were enormous! This guy seems to think Australia should become a communist country. No, thanks, we like Australia the way it is. Sure, it's expensive to live here, but Australia is still one of the best places to live in the world.

Go to Crocodile Dundees little town. Must be cheap there.

1. Knock-on effects from Covid have meant a number of our respectable-sized residential building companies have gone under - therefore leaving few to meet the demand and subsequent increase in prices for both newly built and established houses. 2. Young people are not prepared to travel to get to work, nor are they prepared to live in a 'fixer-upper' in the outer suburbs and build equity to allow them to afford to move closer to the city when they create a profit. 3. Not enough young people save their wages whilst they spend extended time living with their parents, and they spoil themselves by wasting money on expensive smaller goods instead of going without to save. 4. The expectation of inheritance from grand/parents lessens the incentive to achieve themselves. These, and other factors, create a housing supply and demand dynamic that is not sustainable. Start early, start small, and start humble - build up to property ownership.

It’s insane, 25 yrs ago I paid $50 rent. Last year I paid 500 a week.

Lots of regional places close to cities… if you want to live in the cities suck it up. My 23 year old daughter bought a house in Mildura for $250000 4 years ago.. great town, great weather, and great ice cream… drove 170kms every day for work but that’s how it goes … still choose this country if I had to live in a tent by a creek

The thing this video missed is that negative gearing reduces rents, both times the government tried to remove it rents shot up like crazy. The problem with building apartments is the nimby's that have got council to apply heritage listing on properties that have no heritage value and even worse is heritage orders that apply to several streets where the street appearance is what's heritage listed, as you can imagine, these heritage areas are inner city suburbs where you should have apartments not free standing houses.

My daughter lived at home with parent to save a deposit for a home. A lot of young people leave home too early, have to pay rent then can't afford to save. They also are taking up family homes while renting, making it harder for families looking to rent. It doesn't take long to get a deposit together living at home.

A lot of building companies went in liquidation and getting supplies is so slow and prices are through the roof.

I get sick of these poor me videos. Kids have to stop trying to live in the centre of capital cities. Their parent had to live on the outskirts, just as every generation for the last 5,000 years. No kid moved out of home and bought a house in the centre of Cairo during the Pharoh's era, no first home buyer bought in the centre of Rome, today, no first home buyer is buying around Central Park in New York, nor around the Central Business District of London, Honk Kong, or any other CBD. The next problem is kids want the same house their parents own now, not the same house the parents started out in. My house has 3 beds, 1 kitchen, 1 dining, 1 lounge, 1 toilet, 1 bathroom. 70m2, plus 70m2 under the house that was on open stumps but has since been built in. These kids want 4 or 5 bedrooms, 1 massive kitchen, 1 outdoor kitchen, 1 breakfast bar, 1 formal dining room, 1 lounge, 1 rumpus, 1 media room, 1 study, 1 foyer, 1 bath, 1 toilet, and 2 ensuites. Lets not forget the 2 car garage under the same roof. These houses are 300m2 minimum and often 400 plus Square metres. If you want an area under roof that is 4 times the size that houses were in the 50s, 60s, 70, 80s, and 90s, then you have to pay for 4 times as much. It's simple maths. Yes the government could do better about taxing the corporations, especially foreign owned corporations. And we should be getting more for our resources. Don't be greedy and live within your means. If you can only afford a $400,000 house stop complaining that you can't afford to buy a $1,200,000 house. If you bought a house in 1992 for $500,000 you were already in the 1% of the population the same as the 1% who pay $2.4m today. The average family first home was $100,000 in 1992, and those same houses can be purchased for $350-400k. An increase of 350-400% A Tradespersons wages in 1992 was $350-$450 per week, it is now $1100-$1400 per week. An increase of 300-400%

We do continue to build both out and up, but a lot of people don't want to be so far out from the CBD as it either equals a ridiculous commute, or you just lack job prospects. Do you want to drive 2 hours to work? It's not that simple.

All curious about Aussie housing can watch @punterspolitics. Migration is a small part of the problem. The biggest problem for Australian housing is the tax insensitives for the 'rich', urban zone controls and the approval for land for housing. Instead of putting their money into stocks or productive investments the rich can get a big tax break by buying houses and claming losses from it. This is more than 20 years of the making and it started in year 2000. All coming from the politicians, councillors and lobbyists of the Australian parliment itself. Its corruption in all levels.

Those places/ are expensive and overcrowded, come down here to Tassie. It's really cheap in the capital, Hobart. XD

Food has increased by 30% Fuel is around 2.20 litres Electricity raised by 40% Smokes are $36 for a packet of 20s the cheapest

If my memory serves me right (which it doesn't) Negative Gearing was intended to encourage new house construction. I'm sure now it applies to new constructions only. Even so - the rental trap is now a real problem (hence so many young people living with parents). We really have to phase out negative gearing.

I was 23 when beginning the process of building my house back in 2001. I was SO LUCKY to get in just before a huge increase in land costs way back then. I paid $49k for my 452sqm block. Blocks around here now start at about $270k and go from there. I have no idea how my Gen Z kids will be able to get their own properties. It's a mahoosive problem for a very large number of folks 😕

If there is a shortage of homes to rent then the solution is to build more homes not make it harder for landlords to supply the housing rental market with more homes. In the end, a landlord will only get the rent the market will pay. Absent home-owners are a small proportion of the housing stock and do not affect the current price of property in Sydney as this number is fairly stable.

We are building more homes, in massive numbers. However, as the guy said, we are constantly playing catch up....WHY? because our stup*d government has allowed massive immigration over the last two years to flush Australia with literally over 1 million NEW people. This has caused massive inflation, decline in affordable housing, a blowout of rent in $ and a back log of people trying to get into a home. We also no longer have the adequate amount of needed infrastructure to deal with this massive and sudden influx of new immigrants. It is crazy and the labor government down here is responsible for all of this...

Immigration (both illegal and legal) has contributed to Housing shortages. Currently we need to increase Housing 3.5 times and that is almost impossible due to available land and available labour and materials. So you risk everything if you come to Australia. New immigrants cannot afford Housing. 🇦🇺 Apartments are only attractive to a limited Culture of People and Student Accomodation usage. Your presenter has not mentioned the 'new' LAND TAX that recently became reality. So unused Properties are being Taxed extra now, INCLUDING VACANT LAND and Country Properties without Buildings built on it yet. 👀

I am an immigrant to Australia in 2009 and live in Regional Queensland. I started my home mortgage in 2010 and fully paid in May 2024. I love Australia. I am living the dream. There are still many places in Australia that has affordable homes. Australia is not just the big cities. Go regional.

Another factor in Australia is overseas purchasing of properties within Australia, most of which are never lived in and just sitting there. The government is currently looking at tightening laws on foreign ownership. Perhaps a limit of 5 instead of no limit?

It is becoming impossible for many reasons (not wildlife lol) cost of living, housing crisis, crime is climbing and people just afford basic things like power etc. Those who were lucky to invest young or if 45+ they benefited most from it and should not be commenting unless productive. They arguably caused it (they got free uni, cheap housing and ensured we didn’t).

In the 2019 election Labor planned to curb negative gearing and end cash refunds on franking credits, and they lost the election. It is almost impossible to get rid of negative gearing.

I know someone on a disability pension and has two children and can't find an affordable place to live. Now living on the streets.At the same time the government is bringing in illegal immigrants and housing them before ordinary Australians.Giving them all the financial help they need.

Writing this early in the video, but I'd be interested in the interest rates for homes in Australia. The US started bumping up the interest rates, from about 4% a couple of years ago, to over 7% now. Not sure why anyone would buy in the US with that high an interest rate. But what is it in Australia? Does interest factor into buying or just overall price of the home?

170,000 new dwellings per year is about 7% of the population , considering an average house hold, those under 40, consisting of a household of say 4 inhabitants, this would THEN equate to 28% of the TOTAL houses ALREADY in the country, so this is a situation that is SELF addressing!

18:55 Bring back public companies. Government should own critical infrastructure and water assets. If they want power they need to own the levers. I went to a different business school. I am not poor but I don't need the millions either. I have 1 life to work for the better of everyone. Don't have a lend of me.

I live on the north side of Brisbane, the homeless population has tripled in the last 6 months.

the problem is the politicians don't care...

Brisbane and back today. Didn't see any one I knew. Bit had to say see yah later. A young fella bumped into me and said gday mate and I said gday. He was on the same plane. When I was a young fella bumping into people all over the State. Go up to Cairns and oy fella what are you doing here down from Atherton. They got farms to run and families. Tied to the home.

It is extremely easy to immigrate to Australia. I work for the department of human services. I am on a daily basis dealing with people who have just arrived, speak no English, have zero education, have no marketable skills and get free money from the moment they arrive.

water is needed and inland does not have it.

who wants to live in a high rise unit you wouldnt have much room

I’m 70 I have managed to survive quite well, despite so many deadly things. 😂 I off which I have seen only a few times in my life. Our cost of living maybe high at present but there are so many free things that we get that other countries don’t have offsets the cost of living. Not saying that it would be easier if the cost of living was better but compared to some other countries we are bloody lucky.

Negative gearing may make buying homes more difficult, however, it absolutely keeps rental prices down. For you to have any benefit from negative gearing, the property must make a LOSS, so rents are lower than needed to pay for the upkeep of the property.

so don't live in the big cities

TRUTH 6:47 Totally agree Kabir.

A lot will just end up retiring in Thailand. I know a couple of people that have moved over.

Yeah It's F#*K'D UP. At 63 I've never owned, maybe could've if my marriage survived... my 4 kids are the loves of my life but they're all hubby managed to provide... So my future is... 🤷🏻‍♀️🤞🏻🙏🏼

Australia doesn’t have job opportunities the further out from the suburbs and big cities, and can also lack highways and such

You say that there is plenty of land to build more housing but most of the land doesn't have any infrastructure. I've been looking for an apartment in Sydney's South East for the last 2 years. Most of the flats I have viewed in Botany especially are empty. No one lives there all overseas Chinese investers cashing in.

What you don’t realise is that the negative gearing system encouraged people to invest in property for their superannuation income. Self funded retirees have a lower tax rate. So if people have bought rental properties as their investment for their old age, bumping up the tax has huge implications.

Well building more houses would be great but here the thing with that mate. Developers only drip feed new houses that already been approved by goverment. This vid here (link supplied) will explain it better than i could. kzfaq.info/get/bejne/kLCBeNeUuLuVgqc.html

Devolopers banking land is also a problem. They buy land and gain approval and sometimes even build the houses/domiciles and then refuse to sell all of them till they can gain what they believe is maximum value... Land banking... Something thats rarely even mentioned by comercial press and the majority of Australians are still controlled by comercialised media, so the majority dont even know what the real problems are. We are land rich and resource rich, we can sustain urban sprawl for centurys fyi, we dont like living in other peoples pockets. We are extremely aware of the negative social and psychological impacts of urban densification. Try living in the desert some time, its boring, its disconnected, its rediculously dry and grossly hot. Airconditioning is extremely expensive AND most property owners are both too cheap/greedy/evil to put in air-con.

Your presentation today is pretty well accurate. Almost. All the major political parties off so similar policies. Keep business and investment and taxation and property rules, regulations and policies - same as usual. Right no www, there ISN'T anybody with vastly new or radical ideas and visions. Right now, nudging close to 40% of ALL Australian households are RENTERS . Majority are private residential renters. Only small minority are social housing. Another thing....yes, we hsve loads of land - but, big majority of it NOT REALLY HABITABLE . NOT. NOT. NOT. Desert or semi desert. Reliable water supply non existent. Useless for agriculture. And soooooo far from all the services of nearest mid - large cities where all the services are. You could be 2, 000 kms from nearest hospital and you'll only get there by plane, Flying Doctor service. Australia us MASSIVE - but not at all like say, the United States. Population at present around 26 million, not 30 million. East Coast to West Coast, around 4,300 kms. Mostly, INLIVEABLE. We COULD make the deserts bloom like Israel or parts of the US. We COULD drought proof the water supply of MOST of our continent. We have a massive underground fresh water OCEAN the size of a mini Mediterranean Sea underneath much of our inland continent. The top third if the country measures the rain fall by the METRE The bottom 2 thirds of the nation measure rainfall in CENTIMETRES. We COULD get a lot of those metres down to the bottom 2 thirds where the centimetres are. We COULD. But, we don't and we're not and no one any where is even putting onto a table for I 4 discussion. We're far too busy spending multi billions on submarines and the war machine to fight and support other people's wars. And on other things as well.

what build up and become like uk!

Negative gearing will never be phased out. Everyone must vote in elections, it's compulsory. So there are not enough young people to vote for a policy to revamp it when you take into account partisan voting patterns.

parents that own homes they worked harder and lived frugal

Alot of the apartments built in sydney are not up to standard and are faulty so the so called skilled workers are just doing slap up jobs, like mascot opal towers are cracking all sorts of faults in sydney modern apartments. Makes you paranoid driving near them and sitting in traffic next to a faulty apartment block that should be condemned. Imagine a city full of dodgy apartment buildings will end up a slum

Sadly its a man made problem just like Debeer conviced the world diamonds where so rare they should cost xxx. Australia 7.6mil sq km a square km is 1mil sq m a quater acre block is 1000m sq even allowing parks etc 500 houses per sq km meaning here in australia 3.8bil homes means Australia could house the entire worlds population. My point is as the pope said Africa for the Africans Europe for the Eurpians.

Australia is very easy to migrate to. Australia has the highest immigration rate of any developed country. It's nearly 4 per cent per year. It's very easy if you just lie on the form about your qualifications. Or just do a dodgy study at a dodgy private education provider. All students effectively get automatic permanent residency.

LOL A/C costs $$$$$$$$$$$$$$$$$$$$ to purchase and run here in Australia, the net zero target is killing us economically.

Bush fires are normal in Australia,same as droughts.

Kabir, mate. A lot of the younger generations DON"T (repeat) Don't know about this. A lot of the younger generations aren't taught about this subject in schools. I'm 50yo & I didn't know about all of these factoids. The other point I want to make is there are essentially 2 major parties to vote for, Labour & Liberal/national coalition. Most people vote along family lines. You do have a few minor Parties, Greens, Democrats, One Nation (cringe) & Palma United. Of course there are also independents as well. These minor parties only hold little sway unless they're needed to for a minority Government. Yada yada yada...

Median income in Sydney is more like $120,000 a year and they ARE building about 2 million new homes in the next 5 years. The issue needs to look at the demographicm aging population and condensed areas. With the small population LESS than 30 million, with the aging population means that a lesser number of YOUNG people will have MORE inherited wealth in a SHORT time, this is a complex issue and just a short vid with limited info gives an innacurate view if reality.

What rubbish! The USA fellow should look at his own country - what a mess!!!

We are building but we have a shortage of trades which can go to school for free now while they work and learn. Ask our Government why China and Japan were allowed to buy up homes and force up rentals during COVID, we can’t buy in their Countries. When 15,000 ex pats moved back home because it was safe here from COVID compared to other Countries? Why so many immigrants were allowed in over one year and they have only just decreased this a little. Everyone blames our PM even though he wasn’t PM for most of that. They don’t understand to have power he has to do what he is told and the other main party is worse. There is no choice and until we remove all of the woke idiots it will only get worse along with Juvenile crime and that is out of control. The wages have not decreased. They are about to increase and our minimum wage is over $24.00 an hour. Still not enough for a young person to buy a home. Three of my children own homes, my youngest daughter will probably never own one unless we leave her ours.

Someone’s making a lot of money out of this situation. Now let me see, I wonder who that might be…..???

Great video and reaction! Tax policy favouring property investors is a large part of the problem. But we also need to increase land supply in big cities along with more apartment development while simultaneously incentivising regional city living through decentralisation of government agencies into regional areas (We are one the the most urbanised countries in the world with 65% of us living the 5 state capitals - 40% in Sydney and Melbourne alone) Additionally our current Labor government needs to act like it cares (coz the the alternative government is going to look the other way even harder) and consider the Singapore solution as a way of dealing with Australia’s current crisis.

You don't want to hear why kids deserve to grow up with a backyard and a frontyard? Well don't come to Australia to listen.

i live on northshore sydney the government stalling housing approvals yrs ! plus 40% of the cost building a homes is taxes it 700k to build a 3 bed house

Whinging POM

bullshit 27 million of us live here.

So many English people and Irish invaders in Australia for centuries and now you have so many older and younger generations leaving the UK to Australia no wonder it's hard for the locals living there because the UK is in a mess. Australia 🦘 Belongs to the idignoeus the Aborigines its there land.

I'm an Aussie socialist. The reason why we can't simply "build more houses" is because the same politicians who allowed wages to stagnate also gutted our trade colleges where builders et al are trained. Immigration isn't the problem it's imagined to be. Our politicians need to create some real estate reforms. 5-10% of houses (depending on location) were vacant during our last census. But nobody is going to take on the big monied interests, not from any government we can vote into power as they are all more or less captured.

high taxes in Australia doesnt help savings to own a home high tax on alchoal ' luxury cars ' ciggretes ' fuel ' income tax ' superanuation tax & duties is a joke