It's a financial based religion

No. The root of all evil is the money hungry evil exploitative culture, whit men brought to Australia in 1788.

@@silentwitness536 I agree with you. A large swathe of the planet was populated by people who were living a life in the stone age and were content to do so. Left to their own devices they would never have invented the steam engine, electricity or the wheel. If Europeans had not ventured out into the world, then there would not have been deforestation and pollution, but also no massive growth of the human population. The white man enabled the population to explode due to the industrial and farming revolution. The question is. Is it better to live in the stone age or the 21st century... There is really no answer except that the stone age, which was prior to the 18th century in Australia, was a life of simplicity laced with brutality, totally at the mercy of the elements..

​@@silentwitness536 Experience Meaningless: Experience and prejudice. To accept sight and illusion in the same relativity and not be a slave. Slavery: To be free from the growth of intellect. Experience free from understanding and memory as triviality. Memory: reduced down to recollection without review, in a universe of consistent physics; a triviality of organic invincibility. Experience rendered down to self-sensual recall without existential considerations; meaningless. Prejudice: to accept the delusion that no human can consider and choose. For experience to outweigh sense and sensible prudence and suggest in definite physicality that humanity is as inorganic as the constructs we purpose. Triviality to the concept of Slave, is Mass to Gravity, either one hypothetical without the physics of Trivialization or Mass. One requiring the circumstance of genesis, the other requiring absence of necessity; Nativitus Ancillae. Relativity: the universe revolves around you, but only if you watch with others; relativity born of tripartite geometry; self (observing), other (conferring), objective (occurring): co-intimate experience and co-context. Relativity: all things can happen to you, most didn't, you only know what you think, you only think what you can hypothesize, all understanding revolves around perception and interaction. Understanding and position; relative. Hypothesis: a proposition of a form unsensed in the physical, in the definition "scientific" it is the Fructus Ventris Physica Quantitatis; the guessable, potent in measurability, invisibilia ad carnalis, observationis codificationem. Hypothesis: a concept just beyond sensible observation but within sensory or facultative relativity to intimate comprehension; the space an observer feels safe to coniectura didicit doctrina. A cerebrum exercitium. Meaningless: the words of any personal exposition without the person. Interpretation of intended and intimate communication removed from its physical occurrence. To hypothesize in the spirit of Freud, all are I. Meaningless: a description of a building behind it's façade to a man on the street. Definition without sensible example; invisibility bestowed by the suggestibility of the potent potentiality of descriptionem alienum. Reference without experience, definition without context, experience without definition, definition without reference; to theorize on fancy, the possibilities of cause bereft of "scientific" prejudice towards provable. A description of the unseen to the comfortable in sense, and sensibility; hypothesis delivered socially by the perfecte mediocris to their perfecte mediocris aetatis. Interest and applause humilis, the sermo aequalis. Contemporary communication, external warehouse for internal deliberation. Deliberatio externa by contrast is built on extra-contemporary, the functional in sense and nerve unwilling to mal-hypothesize popularis prudentia. By definition a contemporary is both naturally occurring and actively intersecting, or it is a generational (illusory), built of temporal coincidence. Meaningless in contemporations intimate, capable of saying they share an age. Exogeny In an era of fear, humanity is tested. The exodus of existential loneliness is a heavy burden. Self-indulgent contemporary values, the pitiful death of the faithful gregarious martyr. Silenced in the passion of virtue, in the fury of desire as necessity, the ideal dies for the joy of man as the ideal devotee of nothing. Endogenous evidence of exogenous truth, derived from noble prejudiced purposes, refutes the pathologies of nature as the folly of prosaic and sensible sustainability. Euphoria at any cost, at any cost. The Addict Kind Lonliness is a myth spread by the ill, unwelled by popular delusion (self accepted). The sickly, pulsing out their (self) comforting radiance, the marking of a predators territory. A light to shine on all slow enough to not revile it for it's false and reason less eviction of self from capability. The prey; uninitiated youth, vulnerable innocence. Argue not with the aged (or experienced) self-convinced. The miracle of emotional conformation of physical fact convincing to the unknowing, under steady application, overly sweetened (for the self) ideals of pleasure and comfort, the prey forget they knew a peace that didn't requiring feeding or explanation. The virtue of falsely buoyed stability grinding the ignorant, young, and uncatered, all taken in by the sin of kindness as apex. To gift the sickness that tells a human "human emotion in the negative is unnecessary and beyond comprehension or tolerance". To know that there are those in the world of humanity, who in their generationally refined adherence to parasite coddling, will continue to teach the youth "drugs are a healthy and functional right of aware and intelligent people" is a mark of shame in this age of our collective development. The truth of human being betrayed by the proposed necessity of stimulation beyond the natural state, it's supposed normality vouchsafed; sobriety (health) ignored as a greater insanity than parasitism. Salve the wounded pride of the vulgar addict, crucify the outspoken advocate of reassessment. This is not a statement of conflict, rather a portrait of the true and natural order in it's biased equality (comfort belonging to those who crave it most).

Because a lot of other countries are shitholes in bigger messes obviously and our government is only too happy to give our money away to foreign migrants

Whit european way of living vs Aboriginal way of living right there.

We have the same situation in the UK. Those with good incomes or help from families can make it. Those who do not have those struggle.

the reality is that while we live in a capitalist society of the one with the most stuff wins, and yet we can not escape the fact that this model is our doom and that we need to look after eachother, for if we dont, the results are a broken society that effects everyone!

I do that because of our governments inability to manage money or anything for that matter in the best interest of Australians.... the pension has disappeared, our super will..... I need to depend on myself

That's what happens when negative gearing can be applied to property

I brought a house last year for under 100k because I have more than 5 brain cells and can live outside of an overcrowded metropolitan area.

and the Indigenous owners, the real owners of said stolen land dont get any of it..

@@robertwalker7924 but at least we thank them for the land at every opportunity we get 😆

@@timsimon8995 of course, but at least

Whenever I hear them thank them for the land we are gathering on, whether it's a sports event, or school assembly or whatever, I think, ok give it back to them then. It's like stealing someone's car but thanking them every time you use it, really rubbing it in 😄

It really is. Crime is so rampant now too. Everything is going downhill

Correction " it has allready destroyed". Inequality is here ....Even with massive policy change it is going to take over 15 years to fix this mess

It ALREADY has destroyed the country - it's FARKED, TOTALED, RUINED!

we live in a country with a nanny state government with all their laws, rules, fines, fees, permits, licences and still society is crumbling down around us. yet people continue to vote, asleep to the fact that it is the government that is allowing all this to happen. no one cares for each other in a world where everyone is focused on money and yet we forget we are all in this together.

@@infinite8382 NAILED it! They have coralled the majority of the population onto the house slave treadmill - all willing to take a kickback wth strings from the slave master (the ruling class) just to get one up on the Joneses (a better house and car) not realizing that when everyone plays that game it's just a race to the bottom for everyone, except the ruling class masters who are the only ones that benefit. The MORONS are going to sink the ship and take us all down with them.

Free! What do you think we are, a bunch of communists like the Chinese? Air is free, sunshine is free, but if you want houses you will have to pay through the nose. Either that or pay exorbitant rent until the day you die.

But the infrastructure doesn’t come for free

@@joshmetz9192 True, and that is a problem. That would need to be a hit that is taken up front, so the give away would need to be rate limited.

​@joshmetz9192 Yeah, but we're paying the premium rate for the bottom tier product in that regard

Real estate and stock investments may be good decisions, especially if you have a solid trading strategy that can see you through prosperous days.

You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

She goes by ‘Melissa Terri Swayne’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did

Melissa’s profile appears to be fairly knowledgeable, therefore I must say that I value the advice. After locating her online, I thoroughly read through her resume, educational background, and qualifications, and I must say that they were quite impressive. We have set up a meeting after she replied to my message.

Wow Australians are starting see that they are still just slaves to the banks ..

Well said. I would say that most IT professionals do have the ability to WFH though. It's the minority I would say who are required to go in any more than 1 or 2 days per week.

We literally produce nothing of competitive value in the world market (such as technology) and people seriously wonder how we’re in this mess 😂 this is exactly what happens when you predicate your entire economy/GDP on something that shouldn’t be seen as a commodity (housing).

I'm glad you see it the same. If people can't build their foundations and have basic security of shelter and family how are we supposed to progress technologically and take risks? We can't even get the basics done. For all our progress we have retrogressed considerably over the last 70 years.

@@Pat315 Going in once or twice a week isn't WFH. We have the ability to work remotely from anywhere and fix many of the congestion/high price/environmental issues that come with all living in one place. As long as you're being forced to come in once a week you're forced to live in a city and the problem can't be fixed. Let people move to less populated areas and live more fulfilling lives and actually afford a family. I make 150k a year and it will take me 10 years at current prices to buy a modest home in Perth while living like a monk.

Not to mention the kids spending their whole lives in childcare, after school care and school holiday programs. Then home alone on ipads and video games once they are old enough to stay home alone. And then society wonders why teenagers are anxious and depressed 😔

You guys need to cheer up!

@@myday2704that’s why I’m not having kids

Exactly what we did. Moved 8 hours away from home to the country for cheap rent and a better childhood for our kids. What we didn't account for was the lack of jobs and decent paying jobs at that. Add into it the nepotism that comes with a small town and what an influx of people from cities buying all the houses and driving prices through the roof, we can barely afford the rent let alone to buy

Speak for yourself bro 😂Jesus Christ

And foreign people!!!!!!

The grand irony is that the lazy government has been using easy money they get, from foreign investments and migrants' money from their "migration" scheme to cook up their books.

Chinese buyers

Haha cry more,, not our problem you are poor

​@@danielanders4773cry

Just like gambling.

It’s a big club, and you’re not in it.

because if they dont, they will be on the menu

Agreed

@@paulywalnutz5855Wishful thinking. After seeing how people responded during the pandemic I have no faith in the average western person . May as well be livestock.

good feeling to have positive geared property, if something ever happens god forbid you can cash out and you’ll have a nice little kitty in the bank

You can draw on the additional equity, so that's a gain. It's a potential gain, but it's pretty easy to realize and many ppl do.

FYI. In 1983 to 88 I couldn't save enough to match the price increases. Eventually paid 30% as deposit. Around the same time, negative gearing wasn't allowed for a brief time, and rents sky-rocketed when I was renting.

Exactly. Rising tide lifts all boats. It’s stupid.

Same with my house in Perth. Me and my wife's wage has gone up significantly since then and we're looking to buy another house. We're looking at half the land size and looking to pay double what we did for this house - and we're gonna struggle to pull that off. I have no idea how people earning more medium level incomes are able to afford anything within an hour's drive of the city these days. Really sad.

Million and millons 👽 heading our way.

kiwis move because nz housing is more expensive especially to income ratio... aussie isnt yet as bad as nz. were all exit liquidity for boomers

News flash. Only two groups of immigrants are staying. The first group includes desperate workers who come here on student visas and never intend on leaving. Because Unis have lowered their standards so much, most don't end up finding skilled work with their qualifications and end up stuck in the gig economy. The second grpup includes those who have already made significant capital overseas and brought it here. They are usually >45 years of age. The group we should be attracting to stay, young highly skilled workers end up coming for a couple of years and then leave to greener pastures due to the cost of living.

Good. We need to make housing so expensive that only professionals and tradies with highly paid skills that are in short supply here choose to immigrate on a permanent basis. Foreign students paying full university fees are welcome, provided they either go home on graduation or get a high paying job here. Family reunion immigration should be stopped for 10 years.

@@CryptoKiwi no it not taxes much less in n z

Student visas and university fees are the wool our government is pulling over our eyes 😢

Agree, but it will never happen, doesn't matter who's elected

They get around that by using proxies who are legally able to buy. There's even been cases where immigrants on pensions have bought mulit-million dollar houses, but they have no income, no savings, they are just the proxy 'agent' for the mainland China money.

Its not rocket science hey.. always thought this

They employ 'proxies' to buy the house for them who are able to legally buy the house. That's how they get around our laws.

The money invested in property would be better used being invested in startups, industry and r&d

Unfortunately, most australians, and even government are very aware of that. But then election time rolls around and no one wants to be the party to make a big spend. Not when the iron and coal train is still chugging strong. :p

​@@HantaleMedia its because ALL politicians are sitting on nice properties, investments, holiday homes etc and don't want the value to drop an inch hell even my own family have 4+ properties between them that they do not need... all the people in power are for the short term gains over anything long term for this country. It wont get better unless the Greens get in.

Or 'hard work', although some people in Australia have apparently never heard of that.

Ignorance.

Do you mean government greed?

It's all by design, it's happening all over the western world

When I started one years salary bought a quarter acre allotment , two years salary bought you a basic house, one living space, one kitchen one bathroom two or three bedroom and a laundry space. Try that today! Has sweet f all to do with hard work, absolutely zero, it is 100% pure greed!

Sadly, my mother, who is 80, sold her house in Brisbane recently and moved back to England. For the price of the the house in Brisbane plus another £200,000 she bought a flat in Chelmsford... £480,000 for a flat... Well, that's my inheritance spent... And yes. this stupid game of monopoly, which is what it is, needs resetting so that ordinary people can live without massive servitude to the people who have created the debt by printing money...

26 million people living in a vastly underdeveloped country as big as the USA, with heaps of mineral exports and they are all going broke buying fancy houses. Are Aussies all dumb or what?

@@digdougedy You must be a communist making intelligent comments like that. Karl Marx would be proud if he wasn't dead.

Worse in New Zealand

Yeah slavery. When you have no obligation to take out a mortgage, its entirely choice and the interest rates are driven by the global economy. Such slavery, much wisdom.

​@@slickstringsignorance is bliss

​@slickstrings Yeah pay your inflated rents you ungrateful plebs! I bought those houses 35 years ago for 1/10th of the price they go for now and I worked real hard after completing my free university degree to get them! Such a lazy generation tut tut.

Big usury

australia was dead on its feet decades ago, but were only just feeling it now. if the past and the present are anything to go by, the future of this cuntry is not looking good. people are going to have to reinvent modern living cause who will be able to afford a house as house prices rise, leaving the floundering weekly wage amount for dead.

Great money laundering venture for criminals, both the ones that wear leathers & the ones in suits

only affordable option left... in perth at least

I despise those grubs. Developers just need to sleep with one eye open

I think people would… if they had any way of actually making money in Asia. As it is, you can’t live there unless you already have money or your job isn’t geography dependent. It’s great for single people that have non geography dependent ways of making money but what do you do for your family? Will they take the same job as you? Probably not, so they will make those small Asian denominations of wage or have to move back to a western country.

@@dimex3362 Entrepreneurship is the only way. You could start a pretty ordinary online business that only makes a third as much as your salary in Australia and still be better off, it's the only true path to freedom. You're right that not everyone is capable of that though.

I would if I could

Yeah it blows my mind that real estate agents earn so much money here 🙄 as if they actually have to work for any properties they sell or get rented. They are pushing paper, that’s it.

Problem there is that many Asian countries, particularly in SE Asia, forbid foreign ownership of housing i.e Vietnam.Yet we don't. We've been sold out.

This. The obsession with property kills entrepreneurialism and innovation.

Chinese buyers

Well there was mining and agriculture but we sold that off to China so yay.

You should study the causes of the great depression in 1929. If you want to have a viable business in the future, open a soup kitchen.

In 1970 my mum & dad bought their house for $24,000. Sold it in 2021 for $3.6 Million.

18% internet rates in the 70's...😂 Didn't know internet was available to anyone besides the government back in the 70's🤣.

In the 70s youd get a decent 4 bedroom house on good land, for 50k or less.

Why don't you retort with what the average interest rates on a savings deposit account was at the same time? What would people give now for 13%+ interest rates for their savings? It's all relative.

That harsh 😪

Move to south east Asia! I took my life savings and retired to a much cheaper country in my thirties! Own a 3bed flat, a 2bed investment flat and have savings to fund a modest lifestyle. You won't regret it!

​@@Nav_Mthey said they are a disability pensioner

@@Yarn_368 Yes, disability pension can be ported if one wants to leave Australia. The pension amount is paid in full, just rent assistance is not paid if living outside of Australia. Can you imagine the life in say Thailand, on an Aussie 💰 pension?...heaven!!

Ren You're lucky living in a van

That is the English Lords vs peasants system. Its been good for economy and increasing house values. The rich get their money back on the mortgages. A 4% mortgage for 1 M would mean, you pay 2 M over 20 years. So house price has to increase for owners to recoup their money 😮

Zoning laws, designed to protect the property portfolios of councilors

Chinese buyers

@user-qm8sc1jr9u may be due to foreign buyers in cities. But it's mainly due to huge manipulation by government Done by zoning laws and restriction of subdivision . Hence prices even in rural areas are kept high

Plenty of vacant land, but not many want to build because the cost of construction went up by 50-100% in the last 3-4 years.

Tell purplepingas

That's a tax issue. Unless you use the 6 year exemption, the moment they rent the place out it's open to capital gains tax. Which means if they rent it out they probably LOSE more money in tax when they sell the place than they get from renting. Why rent when your house goes up 10%+ a year, right? ;p

So? Continue being a victim..

You meen give you easy life pmsl …. You want to live lazy buy a tent no sympathy from me

It's manipulated by govt. Done by zoning laws and restriction on subdivision. Otherwise people build in small towns and move there😮

@@markwick7898 😂😂. How could you possibly make such a comment from what I wrote? I work my ass off, self employed in demolition and earthmoving and my development property just valued at $2.4 mil. I’m just stating facts.

@@markwick7898pistols at dawn, survivor get the house! How much sympathy do you have now?

​@hesh2892 spot on in our regional large town housing is priced quite sensibly and the scammers that are buying houses for their property portfolios aren't interested because they can't skrew any suckers

Affects, not 'effects'

more than 125 taxes in australia

That is deliberately so. Australia has aaa rating due to house prices being so high. If a countries house values are high a country gets aaa rating. Australia has SOLD OFF all mineral rights of this country to china so all they have is housing

Serious question could you tell me a few for an article I'm writing. For instance I'm saying the 40 cent levy on every dollar of petrol is a tax and a completely unjustifiable one. It's literally stealing.​@@coopsnz1

Don't think that new apartment you buy from High Rise Harry is untaxed. Aside from over $50k of stamp duty you pay, his average 2-bedroom apartment that sells new for $1.1m has $300k of various government charges built into it. So, you are really paying $1.1m for an $800k apartment that cost Harry around $650k to create before government charges.

So true

60 percent of women over sixty are homeless? Where on earth did you get that ridiculous statistic? Are you telling me that if I go down the street and speak to 10 women over sixty, six of them will be homeless?

What bullshit are you on about my god

​@knyght27 its so obviously bullshit, they are more likely to be the ones with 3 million plus net worth and 150k cars

they are not new australians, they are the enemy

That’s capitalism at work for you… isn’t that a good thing.

My kids already bought their houses and are comfortably living in them. Reason? Hard work, education and family support. Yes, we have a housing crisis but work ethics here sucks big time especially in the building sectors, roofing and plumbing.

@@vish2553 that’s all well and good but not everyone is an academic that earns a good income. Others can have an exemplary work ethic and work their asses off for little return. And not all families are in a position to offer support.

@@user-iv9hi2vm2s It is not capitalism that is the problem, the problem is the stupidity of most people.

we exist in a real life game of monopoly. we could change the rules tomorrow.....but we wont. the whole wretched system is made up. we seriously need to change it.....but we wont

Stupidity knows no bounds.

Just buy a unit for 350k to 450k what's the big deal?

​@@TheCanolaoilattitudes like yours, are why this ship is sinking. Perhaps people want a front & back yard, a shed, a garden, some space to be human & not live shoulder to shoulder in a pokey little unit.

Ok. I am all for units. We need more high and medium density housing. You can have a unit with a shed, backyard, front yard and a garage I two car spaces. I should know I live in such a space. My backyard is about 6 x 9 square meters my front yard, excluding driveway and shed is 5 by 6 square meters. But anything over $300 is too much for a unit if it’s 20 km away from the cbd.

@bennysmith2007 well too bad you can't have it , you need to deal with it, this is the new Australia where units are probably all you can afford in a decent location

@@TheCanolaoil not even worth my time on a hateful little hand puppet.

Immigration off the charts to prop up this ponzi scheme.

Hold on. That don't make any sense at all. "... won't go down in nominal terms but will go down in nominal terms..."? What does that mean?

@@kestertroy I mean won’t go down in nominal terms but will go down in real terms

I know the correct answer to that question. but why would I share it with you?

Why? For comedy? It’s nonsense.

You now need to do a video about the state of Renters in Australia Rents are outrageously high People working full-time on average incomes can no longer find a place to rent Those on lower incomes are in tents or cars.Mass immigration has worsened this problem Huge lineups at the few rentals that come up.Rent bidding although illegal is still taking place The vacancy rate in some states is under .5% Housing is a serious crisis in Australia whether you're renting or looking to buy

@@heatherwatson9564 33% of Australia’s population are renting.

Solution Simply make less income then get into debt to pay for someone's house x -treme negative gearing

@@MXRiderFiftyTwo just because it's common doesn't mean it's less of a problem It's not like we can all share disappointment

And if your children are same as me (25 years old), we have had to go through University that costs money to attend, using petroleum that is more expensive, living in black mould accomodation that is decrepit, getting sick and diseased, attending hospitals that are overcrowded, all so that a Gen X”we can negative gear another house. Whilst we studied medicine and engineering to get paid the same as a delivery driver, while we get slaves from overseas (750k) of them to get trapped in the Australian housing loop and become life long tax payers, whilst we wait for our parents who we love to die just so we can start life. Incredible. Well done Liberal government.

​@@CarbonTaxLOLwell said..well done upper class elite Liberals. Enslaving everyone else to ensure the Aristocrats increase their wealth at the expense of the lower classes. They've gamed the whole economic system; spun it to their advantage ...

​@@CarbonTaxLOL.The Labor.govt post Keating have been just as bad.

Foreign demand is only a very tiny part of the problem, especially now the CCP has cracked down on its citizens taking money abroad. The issue always was, and always will be, supply and demand and the current Federal Government has done more to fuel demand than pretty much any government in history. Levels of immigration this high was always going to end in tears. Couple that with decades (yes decades, not years) of restricted supply by state governments that simply didn't want to pay for infrastructure in green field developments and you end up with the ludicrous scenario. And there is no quick fix available now. Its going to take at least a decade to sort this mess out simply due to the time it takes to build the infrastructure and homes required to balance the supply/demand equation.

​@@andyg9991Immigration is a large part of the problem. We're importing people in a housing crisis ffs. Where do you think they are going to go? The vast majority of them will funnel into the rental market. Shock horror that rental demand is sky high and prices go up..

@@andyg9991 plus decades of local government with their weird zoning laws, and other powers restricting new builds greatly.

So wait... what? most people earn 55k a year in australia over there?

Most = "mode"...median is mid point (more accurate than "mean" with outliers.

​@@djdanzy median means half the people earn less than that, half the people earn more. And 55k AUD is only about 38k in USD

What? The country was destroyed long ago.

It already has - i left in 2013 because it was already long gone.

It was cheap back then tho​@@emelle1283

​@@emelle1283 i lived in sydney 5 years ago is was amazing, so much better than where i am from Typical privileged aussies haha

@@emelle1283 where did you go

Haven't you realized that we live amongst morons? I am a boomer with more than one property and i voted for the Labour Party to abolish negative gearing. So get your facts right buddy.

just look at the clown show!

@@libatalklieb5793 You aren’t representative of the majority of your age group though.

@@vladbereza4550 I am sure that not all that voted for slowmo were boomers

@@libatalklieb5793 We’ve already established that.

What term would u use.

@@Eric-kn4yn He is simply saying that housing should be a right NOT an investment.

Yes, I buy water from the Water Corporation. I think, therefore I am.

Yes, and we don't tax those industries anywhere near enough! Qatar gets $30 Bn a year for its gas, world's second biggest exporter. No citizen pays tax there. We are the biggest gas exporter, we get $1.5Bn...we are heavily taxed! WTF ????!!!!!

Australians are more worried about boating, camping and fishing. In my personal level I am getting out of the rat race. But I know not everybody can’t do it. I hope you guys wake up .

Mining also benefits the breast implant industry

We are being fleeced simple as that

Vote greens, most of them don't even own investment properties

dont vote greens... please

@@mattl1250 great, so when the greens make it apart of their policies and campaign to ban politician ownership of investment properties, and a pathway to reduce politician pay and benefits over a 4 year period, I'll vote for them. Spoiler, none of that will ever happen, ever.

That and first home buyer grants and schemes.

My friend works in Uk for a major bank. They just bought 10,000 flats last year to rent out. My guess is this is happening over the world. So much spare cash in banks and investment companies that they dont want to loan to small people. They are creating rental generation which they make more money from

My place provides shelter, is comfortable to live in and I grow all of my own food for virtually zero cost, and it only cost $107,000 to build in 1988, what is wrong with that?

@@johndwyer2486 So everyone should be aspire to nothing more than eating lentils twice a day and listening to Che Guevara speeches for entertainment? Civilization arose because some people craved more than living in caves wearing mammoth skins. Thank god some of our ancestors had ambition.

@@sandponics : Unfortunately for most people they don't have a wayback machine to take them to 1988 when houses were more affordable.

Correction - the capitalist banking system enslaves us. Which is run by a collective of Zionists, as we know but people are F dumb.

Be nice to have a mortgage. stuck paying off someone else's dream and place of retirement. Then us renters will just drop dead at work if we make it to old age.

@@wombathead87 I understand that, it's even harder for people who rent. If government policy to make housing more affordable had done a dam thing we could all work and own a house. But retirement for most is now just a dream in Australia the government has supported policy for the rich and that's because they are the rich. Even in some countries the boomers are coming out of retirement due to inflation eroding their savings. I really don't see many people being able to retire at this point as economic output per capita is going down and wealth is shifting to the one percent. Automation and AI will be the final nail in the coffin for the working class. All I can say is try and find a job you enjoy if possible so at least your time working for someone else's dreams won't be so miserable.

@justindressler5992 appreciate the reply mate well put.

It's STILL wrong, as it is the average wage for FULL TIME workers. Not part time or casuals. I was spending morning until night at work on weekdays as a casual, plus working weekends and was only taking home a bit over 50k annually. You would think from the 25% loading it would be way more than the average for a full timer but no. Don't get paid enough compared to a lot of full timers in different industries.

It is not foreign investors driving prices. They are such a small percentage of the market. It is simply supply is well under demand.

And who voted for those governments? Yeah, we have no one to blame but ourselves. We deserve this. What's going on now is just simply the consequences of our actions.

They're just a reflection of our society. Until society, fundamentally changes. Just expect more of the same.

You should have purchased a house in 1971 before prices began rising.

​@sandponics yeah. When I was - 36 years old

They can afford to but will.not move from the same three big cities.

@@davidwilliams7552 there is not much work in rural towns

​@@sandponicsyou mean people can buy a house before they are born??? Tell me more ,want to know the secret to rhat

Captain Obvious strikes again!

Eventually that runs out... Wanna bet when?

The migration scheme is also a huge money maker for the local economy, but at the cost of having to house them. Make no mistake, international students do not fatten our wallets, it enriches the government coffers.

Us? Us? Where is my cut?

Watch The Duran to understand what its about! Censorship in Aust is over the top! No more wars for the US!

that’s because it is….

All by design... "You will own nothing and be happy"

Research as well the inability for a farmer to get a residential planning permit to get a higher sale value on his land. He is forced to sell at a lower agricultural rate to a developer...who will easily get the residential permit due to corruption and hence make massive profits

The government too busy setting up laws to ban Elon Musk and can't afford the room to give farmers a fairer chance!

Should speak to your elected members

No shit Sherlock. But we’re trying to name and shame and find a solution not point out the obvious!

Chinese buyers

@@user-qm8sc1jr9u and who allows people from China to purchase Australian property?

Spot on, was just about to post this comment, then I saw yours, so no need :)

It's called unwanted mass-immigration.

A house in Sydney Penrith in the year 2000 was around 150-180k. Very affordable.

Negative gearing is not the problem, and getting rid of it won't be the solution. Do people really think that the reason there is a lack of housing is because an investor can claim a loss on an investment property when the costs of ownership are greater than the income , on their personal income tax bill? Don't forget that as interest rates rise, more properties will go from being positively geared to negatively geared and vice versa as rates drop. That does not change the underlying cause. The reason is that governments of all persuasions for decades have restricted the development of green-field sites and NIMBY's have restricted the re-development of inner city and affluent suburbs causing a lack of supply and our high (and now astronomical) immigration rates increases demand further.

@@andyg9991 if negative gearing isn’t a contributing problem then WHY is the house 3 doors up from me gone from being a humble 3 bedroom FAMILY home to being a rebuilt 6 bedroom home Air bnb - now owned by old couple who own 5 other houses that they rent out to rich pricks?! Young families are forced out for the rich negative gearing greedy parasites. Australia is now a housing disaster.

@@andyg9991 then why is the newly built 6 bedroom house up my street becoming an airbnb, which is owned by rich couple with 5 other houses in their name?! They obviously negative gear like greedy parasites. The 6 bedroom house block used to be a modest family 3 bedroom home- the young family were forced to move to even worse home cos of greedy bastards like this.

​@@andyg9991Negative gearing is *part* of the problem. Economic analysis has shown this. Google it.

10% of the population, so agree you cannot contribute everything to immigration. It's just one of many factors. I suspect the amount of wealth they bring with them would be significantly more than 10%. Immigration policy also no longer focused on bring in the working poor like post WW2.

Chinese buyers

@user-qm8sc1jr9u nah I believe the actual high-rise property vacancies are fudged to prop up the market for some strategic hidden agenda. In my cities, a large majority of residential buildings at night are 3/4 lights out. Why I know this, because I live in high rise building looking at at least 20 others

This clip was taken from the Equity Mates Investing Podcast episode 'Expert: Matt Barrie - Why house prices are the cause of today’s cost of living crisis'. Thanks for the support!

@@EquityMates full video coming anytime soon?

Bill Shorten tried to introduce this reform in 2019 but it came with big backlash from the mainstream media

@@Voyagerthe2nd And the pollies themselves I bet who are fully geared.

Moving my family to Italy in the next 2 years before Australia goes to complete sh*t.. get out while you can!

Yeah, you can get awesome places in Italy for a fraction of the price of some utter dump in the arse end of Western Sydney!

It'll go backwards along with the dollar, EVERYTHING is going to get expensive once the chickens come home to roost.

That will literally never happened. In 2016 and 2019 Bill Shorten offered legislation about 20% as radical as you suggested and they were profoundly rejected. We deserve everything we're getting

​@@mrsnrub282 No evidence that the Libs one due to those policies. The electorates with the highest numbers of investors actually had swings towards Labor.