Yes and No, Australias house prices have been far higher for the last decade + compared most countries (Average Wage/ Price Ratio) but that creep in prices has largely been tolerated as interest rates have been low and its happened over a long time. Only now when the population slightly increases does it show how much our housing market was buckling under the weight of debt and chronic underinvestment over the last 20 years. Australia is rich with natural resources and land, the housing crisis is a man-made problem due to a impotent governance culture.

@@Simeon301091 Are you serious? "Population slightly increases" - over 105,000 arrivals in February alone, which is 20% more than the previous record. This level of immigration is utterly undesirable and totally unsustainable.

It appears that the conspiracy theory of 'you will own nothing' is no longer one.

Its not a small amount of immigration, it is ENOURMOUS. I live in Perth, I work in construction, we cant keep up. 200-300 people a day move into our state. It needs to slow or this situation gets worse. Inflation is still high? Duh, massive immigration and demand does that.

Here i was thinking it was the thousands of Fly in Fly out workers that move from the East to Work in the mines .

🎯

Here i was thinking it was the thousands of Fly in Fly out workers that move from the East to Work in the mines

Something similar happened in Melbourne to a woman who had been renting for many years near me. It went up too much and had to rent on another side of town, I really thought it was a total shame, but no matter who or what you have been to the Owner, it matters not.

@@vivrowe2763 A lot of times it's the agents telling the landlords, you know you can get a lot more for that place, because then they get a higher cut. This BS started with negative gearing.

I guessing they will be using more fuel for their car driving by further out

I got a rent increase notice for 180 per week, a with 3 days notice.

@@donotcomply665I’m ok for NG but only on on one investment property

Investors?

Racism 101.

Lol.. As far from the truth as one can guess.. There are tens of thousands of Ghost properties ( vacant ) across Australia as property investors sit on them waiting for property prices to increase.. Less rental damage - less insurance premiums etc.. My opinion is based on my own family of property investors. There is no housing shortage in Australia. My advice is to stop believing what's promoted as truthful by those who paid out billions of dollars in compensation for lying to you. 👍

Lucille and Hoyle....same person. You aren't fooling anyone dunnyboy 😂

@@johnhoyle4401 Then you better let them come and live at your place. Cram in as many as you can. At least two sets of bunk beds in every room. Because if you don't, by your logic, you're racist.

@@johnhoyle4401

BS - your country astoundingly STILL retains negative gearing.

@@jjsc4396 Nah mate. Not B S. It is common knowledge. Why do you think the number of rental properties on the market is reducing? Are you a property owner in the current market?

Incorrect. Immigration needs to stop.

That’s hilarious coming from a fully paid-up subscriber to QAnon.

You and your friends live under rocks, the rest of us prefer houses.

@@johnhoyle4401 So you and all your socks are employed by sky, hardly a surprise.

Yeah whatever you're still here

@@Gavin-qh7li yea duh, easiest way to reach eyeballs .. clearly

Yeah but here you are contributing to the algorithm lololol

@@binks7988 thank you for support

It's govt interference that causes all these problems, dummy

This isn't because of capitalism. It's mass migration and net zero policies, plus massive state lockdowns that saw money printing for 2 years.

​@@donotcomply665yep. And he thinks more government is the answer.

Capitalism has given you wealth. It’s the global elites we need to be aware of

@@southern-samurai It's a brain disease

The value of the property is what someone else is willing to pay for it, that's how markets work.