1 in 5 own other family homes.. 1 in 5 hold millions of us in chains..then those same people talk about how great we are doing..... well it's starting to feel like we are not the same "we"
Man if only we just let in more immigrants, kept negative gearing and had the government pay a percentage of rent, surly that will make housing costs go down 😂
Lib /Labor...all controlled by the same puppetmasters, all tarred with the same brush! Oh, & if you don't remember what the Libs did to us, then you have very short memories!!!
Max Chandler-Mather is the only Politician in Canberra who speaks the truth! As a renter who has been priced out of the market it's depressing buying a house that's over-valued by 45% to line the pockets of greedy investors.
2.45 Chandler-Mather doesn't speak the whole truth, 75% of ALP Fed politicians own at least one investment property as do 65% of LNP politicians. He failed to include that 50% of Greens fed MP's own at least one investment property. Mehreen Farquit owned 4 (now probably 6 or 7 after a subdivision), 4 for Nick McKim 4, 3 for Elizabeth Watson-Brown. 7 out of 15 Greens MP's own investment properties. Source SMH 2/5/23 article by James Massola "The Greens MP's who would lose out from the party's property tax changes".
Just wow are you serious. Wake up to what Greens are truly like. If the Greens get what they want there will be no rentals then where will people live. On the street think about that for a minute. Also realise Greens Liebor and Teals they all want big corporations and super corporations to own all rentals think about that. You whinge now wait until corporations own them all and watch the cost go up. Big corporations want good profits on there returns on rental properties
Meanwhile they are stealing the countries wealth that could be shared . They are the criminals .I'm sorry you went through that and hope you have a place now
Angry? We are absolutely livid with this incompetent administration! I will never vote Labor again, for this administration has changed the face of Australia forever.
Hope you voted for them in 2019 when they planned to make negative gearing and capital gains changes. Otherwise you'd be a bit silly complaining about it now.
@@SpMoose Do you really think Labor MPS who own multiple Properties really want the price of Real Estate to fall? Fixing the Rental Crisis would devastate all most all Labor MPS Financial position. It's the biggest conflict of interest that you will ever see.
@@banliveexport325 just like the Greens MP's that have multiple investment properties? Labor brought negative gearing and capital gains changes to two Federal elections? I'm sure you voted in favour of them?
@@banliveexport325 just like the Greens MP's that have multiple investment properties? The difference is Labor Politicians actually stood to lose something and still put their money where their mouth was. Greens MP's get to grandstand knowing they never have to make good on their statements. They haven't done anything substantial since Bob Brown.
To be fair, no-one forces anyone to do a degree at university. And everyone knows the repayment expectations that are put in place. Too many people do degrees that don't result in anything tangible. When I did my course at uni, I had to pay full fees up front (and I am an 7th generation Australian citizen, not a foreign student), but I wasn't eligible for HECS, due to my age. Maybe HECS should never have been a thing in the first place.
@@Blackheathenlyyou are correct that HECS should never have been implemented. Education should be free to whomever wants it, especially in a wealthy and resource rich country like Australia where we can leverage that wealth for the betterment of our citizens. But you’re wrong that no one forces anyone to do a uni degree. Whole swathes of the economy are off limits to anyone who doesn’t have the appropriate certification. My argument is that if I’m paying for something, eg. a degree because without one I can’t get my foot in the door, then I should be guaranteed a job in that field at the end of it. Otherwise we end up with what is happening now which is universities are churning out graduates for fields that are completely saturated. How many baristas have a law degree? Would’ve been better to save four years, save tens of thousands of dollars and end up in the same place.
You’re making a lot of sense Max . the rest of the greens I’m appalled by .. His very right I’m seriously angry . I don’t think the current government understands the whole reason why people get out of bed in the morning to go to work is the opportunity to be able to have a crack at the Australian dream. We are living in worse conditions than our parents and grandparents. And for a developed first world country, it’s not good enough.
We won’t be a developed first world country for very much longer, have a look at Argentina if you want to see our future. Leftist ideology has destroyed our country
Thankyou Max. Keep calling these bums out. Worse than tinkering around the edges is the perfect way to describe it. All the policies of Labor and libs are about increasing demand.
I didn't hear Max say the major parties should reduce demand by cutting immigration. Unless there a major cuts, any other solutions Max comes up with will be swept away by the flood of demand from huge immigrant numbers.
I am an early baby boomer, and I think the ownership of multiple houses is disgusting. The rule should be one family, one house to live in. If people want to invest they should invest in Australian businesses, and not in owning multiple houses. For every action there is an equal and opposite reaction, and it is coming to bite the landlords.
Come next election, I hope the two major parties are shaking in their boots. I know I'm going to do my utmost to ensure that happens. I hope Max spotted a few pollies blush with the truth that even our representatives are hoarding that which we on low to middle income, need so desperately!!!
That right, I'm voting greens as well? why pay rent to the politician when you can pay rent to the Greens preferred superannuation fund that own the house. At least you can purchase a share in the super fund to offset the rent. that way you are owning the house indirectly.
@@locky7347 No way, not a chance every house investor will vote greens, they make us rich and increase our rental intake. That rent cap was brilliant idea, now we put all the escalation , interest risk rise upfront, no need to add on yearly. also keeps the ones that can't afford it away because listed price is too high.
02.45 Chandler-Mather doesn't speak the whole truth, 75% of ALP Fed politicians own at least one investment property as do 65% of LNP politicians. He failed to include that 50% of Greens fed MP's own at least one investment property. Did they blush too ? Mehreen Farquit owned 4 (now probably 6 or 7 after a subdivision), 4 for Nick McKim 4, 3 for Elizabeth Watson-Brown. 7 out of 15 Greens MP's own investment properties. Source SMH 2/5/23 article by James Massola "The Greens MP's who would lose out from the party's property tax changes".
@@sometingwongwai9679wow how uneducated are you if The corporation's have co troll of rental properties. You think it's going to be cheap hell no you watch rental prices go up. Do you also know big American Corporations are already buying up rental properties over here. Does that not tell you something Re prices
Cool, get rid of the tax benefits for propperty speculators and rent seekers. Are we going to address the elephant in the room, immigration? Last year 640K net migrants entered Australia, this year its projected to hit at least 500k; that is another Adelaide. Have we got another Adelaide ready now? How about constructing one every 2 years? Not addressing the mass importation of renters and labour is muddling around the edges. These are migration levels that the UK, a country 3x our population is having trouble absorbing. Its nio just statistics, we can see and feel the change tangibly is daily life.
Everybody keeps saying it’s a supply and demand issue so why doesn’t he talk more about how we can control the demand side - ie the turbo charged immigration policy? Imagine the immediate impact that would have on property prices and rents if we were to significantly reduce the intake of immigrants to a level that we could support.
most immigrants are poor, they aren't the one who are buying large swaths of land or building multi million dollar mansion in the middle of the city (all things that caused the housing crisis).
Its simple, 1 million immigrants arrived in australia last year. All these people need houses to rent or buy. Im not against immigration, but it needs to be scaled back to 100k a year at most. Sadly its too late to fix this country
50-100 000 immigrants are coming into Australia every month currently. They all need somewhere to live. They rent or they buy. Rarely do they end up living on the streets or in a tent. High immigration is the most significant contribution to high house prices and rents. It's not all the pieces in the puzzle, but it's the most significant piece.
Yes mate, you're right. I'm not a fan of how generous the tax handouts are to property investors in this country, but fixing that issue is secondary. The most immediate priority needs to be fixing the supply/demand imbalance by moderating immigration back down to the levels it used to be. The political class has done an amazing job at gaslighting the younger generations into turning this into a class war to distract from the real issue. The truth is, property investors have existed forever but our severe housing shortage has not. Property investors are an important part of the housing ecosystem; they provide rentals for renters and create housing supply through investment. They are not the enemy nor the root cause of the issue. The root cause is the burgeoning demand (via insane levels of immigration) that have created the perfect market conditions for property investors to prosper and take advantage of us renters. The problem with the Greens is that they support the massive immigration intake, while also telling renters that they care for their plight. They are either economically daft or liars. I feel very sorry for younger people. They are completely misled into voting for the parties that are going to make their lives worse. That being said, I don't know who to vote for anymore... If anyone is in doubt, ask yourself a couple of questions. If property investors are buying up all the homes, then why is there such a shortage of rentals and why are rental prices increasing due to scarcity? Why are the roads so busy, the hospitals under strain, police stretched too thin, schools/daycares booked out so far in advance, etc?
@@JakkaRMwell said mate. The immigration intake is apolitical. High immigration benefits Wesfarmers, Woolworths Group, Transurban etc etc and unfortunately that has too much pull on our political system. Australian quality of life is going backwards, one has to wonder whether we are seeing the limitations of late stage capitalism.
Provision of housing is not a Federal Government issue Max. It is a state issue and a state's rights issue. With the exception of some limited federal/defence facilities in states, those states decide all the rules for developers and builders/tradies, which land to release or rezone when, what can be built where, what contributions are required from developers, how much stamp duty and land tax to apply, at what levels. Even things like homebuilder's insurance requirements. The Feds can only decide how many immigrants it floods into those states and even then cannot control which states those immigrants choose to inhabit, nor for how long. So Max, please focus on what is within the Federal powers.
Tax changes wont have the desired effect unless you also address the population boom we are currently experiencing. I think the later issue is hard for the greens to take on because its driven by record immigration.
I just not long ago bought at 40. 10 months later, "15% increase in Property Values". They aren't worth what we say they are, someone needs to be a bag holder. Go older Millenials, do the thing.
@@DavidLockett-x4b fix it now Government, yep sounds about right. Hope you voted in favour of negative gearing changes in 2016 and '19 then. Doubt it somehow.
Bill Shorten already tried to tackle the housing problem and voters elected Scott Morrison instead. The electorate doesn't want house prices to go down. Any government that "fixes" it will be voted out. Don't blame the government. Blame your neighbour.
Nuts jobs that what greens are… targeting the wrong people. Instead of focusing on policy, more public housing, less immigration not target people who actually provide homes to rent..
I’m a renter, but I know labor is actually changing policies and working towards changes but they can’t be fixed overnight. I’d rather progressively change the system overtime than ask for an immediate fix which May tank the economy. Yes CGT needs to be full and not discounted and negative gearing only for new homes. A housing collapse would be great for the millennial dream but practically it won’t happen.
Lucky the education system doesnt actually show people how to vote and young people are lazy or totally disgruntled when they go to vote . Dont be lazy No more labour no more liberal . They are the same and serve the same masters.
Yeah quite a few property investors are greens Nick McKim has six investment properties and Faruqi has six investment properties and land up at the central coast she is developing hilarious
@@vincentcacciola7161 10% green politician own three to more investment properties??? labor poltican easily own most investment properties in australia
What are you talking about you wally you n all your mate were the one that caused all this cause you wanted to let in 1million immigrants n house them before us Aussie families that fought n built n payed tax in this country all our families lives so until you n your mates except the blame n put Aussies first nothing will change it will only get worse
Tax Table Lowest income tax payer looks like list of Christmas goodies and hoodie's excluding SC discount card and exclusion of poverty Line metrics in tax burdens
Neither side of politics has done anything in this space (public and social housing) for decades. Around 90% of the rental market is in private hands. He mentions Whitlam but, conveniently forgets to mention Keating abolishing Negative Gearing, only to reinstate it within two years due to its impact on rents. NZ is right now going about reinstating NG for the same reason. Ireland has a far worse rental crisis after abolishing NG. Surely demonising and punishing the very people who provide around 90% of the market isn't the answer! Does he honestly think that the renter can all of a sudden buy an ex-rental property, let alone put together the 10% deposit, just because it's listed on the market? There's already an exodus of investors from Victoria due mainly to Land Tax hikes resulting in one of the lowest, if not the lowest rental vacancy rates in the country. Tinker more at your own risk Max!
african N dis budget Mass immigration and international student SC discount card Racial vilification program 1989 Tiananmen square massacre Racial discrimination class action lawsuit comparative to Tax TabLe Lowest income tax payer that do not get immediate tax deduction Low income discount card Superannuation age should be reduced comparative to immigration records
Here are some facts. Kew 0:55 Victoria a very affluent suburb. 1991 average income $27500. 44% of your income went on the mortgage. . House sold in 1991 for $127,000.00 same house sold in Kew forv$1.4. Million last year. So more likely 12 times your combined income. 1991 5 times your income. If you want to live that close to the city that's what you pay. I know this because this was my home growing up. My parents could never afford so we rented that house. Tiny terrace for 5 and they saved for 10yrs. We had to move over 40klms from the city. 2.5 hrs has travelling everyday to work. Stop buying closer to the city and be realistic and buy where you can afford.
If you paid attention under the cover of covid, medium property prices were 'normalised" all over Australia even in regional areas without jobs, so now there really is nowhere affordable even if you have a sizeable deposit the lowest price home will be around $6-700K. And you can't live in broken Hill if your job is in the city. Maybe you can get a spec home for a bit less in some suburb in outer space but will the builder survive the current economy to deliver the home?
Be straight with us greens please. What is the expected impact on house prices? And rents? No one tells us what they are aiming for with thete policys... I fear you are trying to drop the price of a home 10% .. and u r the best at 10%
@@coasterblocks3420 Not true. Parliament’s registers of members’ and senators’ interests reveal that seven of the Greens’ 15 MPs and their spouses own 14 investment properties. The biggest property owners are Greens Treasury spokesman Nick McKim (four), deputy leader Mehreen Faruqi (four) and first-term Queensland MP Elizabeth Watson-Brown (three), while the spouse of justice spokesman David Shoebridge owns three investment properties. In addition to his home, McKim has declared investment properties in Nubeena and New Norfolk, in Tasmania, and a shack in Nubeena as well.
I think people are angry cause there is more than enough housing to go around, just not for all the people on temporary visas and all the new arrivals. Even if you did what you say, not enough houses are built for the amount arriving every day. And the public have woken up to this complete rort to pump up gdp.
@@chrisb3189 80K pft??, try 980K, that's why I vote greens, they support migration and refugees, Nothing better for my property and business portfolio than green migration policies
it was great until 1992 when the Australian green party was formed, and then the you could build a granny flat in your back yard because the tree was in the way
@@kussemeinkont what do you mean- I vote green myself, they made us so rich. They knocked back the 1500 house development near me because of an endangered lizzard wearing an enchanted gock strap. less on the market, current values skyrocketed
@@coasterblocks3420 I vote greens 100%, thank god last month they rejected the shared equity scheme for affordable housing. Less people buying means my property portfolio and rental intake is still skyrocketing. Greens 100%, why would i vote for a nationalist liberal party.
This person is brilliant and that's why we should all vote greens all the way. He is giving you financial advice. Take away negative gearing and redirect tax revenue to their affordable housing policies where overseas superannuation funds can fund the build to rent projects. He is indicating for you to purchase the Abu Dhabi sovereign index fund. Easy money.
@@dragonzord6615 but the greens help me create the wealth, that's why I vote for them. Every green star they put on building a house cost another 50K which makes my existing property value increase, Why wouldn't i support them. Thank god they rejected the shared equity housing scheme last month, phew, less home ownership and more renters. why the hell would i vote for the red neck nationalist Liberal party
If Labor had the support in community to pass legislation without assistance from other parties they could. They don't , and can't however so they have to amend it to convince another party to support it, usually with amendments that make it more palatable to the other parties. The Labor party's inability to pass legislation is entirely with them, the fact that Labor supporters are blaming other parties for Labour's failures is just Labor to a T.
What do you mean by "help"? Just let Labour's proposals go through without amendment? Help also means negotiation with them to amend the proposals to actually make a difference to the average punter's life. And not tinker around the edges mostly benefiting people who are already owners.
You are aware that the greens fought and won the 3? Billion dollars of immediate aid in conjunction with labors piggy bank investment scheme? And that the majority of labor and liberal schemes only increase the price of housing, sure a few people may be helped but far more will be even further out of reach.
poltical class 70% own three to more properties and labor poltican own most and green poltican own 10% ! green senator nick mckin own 6 investment properties
I think people are angry cause there is more than enough housing to go around, just not for all the people on temporary visas and all the new arrivals. Even if you did what you say, not enough houses are built for the amount arriving every day. And the public have woken up to this complete rort to pump up gdp.
I think people are angry cause there is more than enough housing to go around, just not for all the people on temporary visas and all the new arrivals. Even if you did what you say, not enough houses are built for the amount arriving every day. And the public have woken up to this complete rort to pump up gdp.
I think people are angry cause there is more than enough housing to go around, just not for all the people on temporary visas and all the new arrivals. Even if you did what you say, not enough houses are built for the amount arriving every day. And the public have woken up to this complete rort to pump up gdp.
Millions are now SERFS while millions luxuriate. Its DISGUSTING what corruption has done to my country
it's not your country, it's owned by global investors, politicians are their puppets
1 in 5 own other family homes.. 1 in 5 hold millions of us in chains..then those same people talk about how great we are doing..... well it's starting to feel like we are not the same "we"
Man if only we just let in more immigrants, kept negative gearing and had the government pay a percentage of rent, surly that will make housing costs go down 😂
@@locky7347Without negative gearing the cost of maintenance in rentals will be passed entirely into the renter.
Lib /Labor...all controlled by the same puppetmasters, all tarred with the same brush!
Oh, & if you don't remember what the Libs did to us, then you have very short memories!!!
Max Chandler-Mather is the only Politician in Canberra who speaks the truth! As a renter who has been priced out of the market it's depressing buying a house that's over-valued by 45% to line the pockets of greedy investors.
2.45 Chandler-Mather doesn't speak the whole truth, 75% of ALP Fed politicians own at least one investment property as do 65% of LNP politicians.
He failed to include that 50% of Greens fed MP's own at least one investment property.
Mehreen Farquit owned 4 (now probably 6 or 7 after a subdivision), 4 for Nick McKim 4, 3 for Elizabeth Watson-Brown. 7 out of 15 Greens MP's own investment properties.
Source SMH 2/5/23 article by James Massola "The Greens MP's who would lose out from the party's property tax changes".
Just wow are you serious. Wake up to what Greens are truly like. If the Greens get what they want there will be no rentals then where will people live. On the street think about that for a minute. Also realise Greens Liebor and Teals they all want big corporations and super corporations to own all rentals think about that. You whinge now wait until corporations own them all and watch the cost go up. Big corporations want good profits on there returns on rental properties
I was homeless for 8 years, committed no crime other than being poor.
All those years lost😢
Meanwhile they are stealing the countries wealth that could be shared . They are the criminals .I'm sorry you went through that and hope you have a place now
Angry? We are absolutely livid with this incompetent administration! I will never vote Labor again, for this administration has changed the face of Australia forever.
Labor is the enemy of all Renters. Albo is profiting from the Rental Crisis.
Hope you voted for them in 2019 when they planned to make negative gearing and capital gains changes. Otherwise you'd be a bit silly complaining about it now.
Albo is getting far less in rent than Green's senator Mehreen Faruqi with her 6 investment properties.
@@SpMoose Do you really think Labor MPS who own multiple Properties really want the price of Real Estate to fall? Fixing the Rental Crisis would devastate all most all Labor MPS Financial position. It's the biggest conflict of interest that you will ever see.
@@banliveexport325 just like the Greens MP's that have multiple investment properties?
Labor brought negative gearing and capital gains changes to two Federal elections?
I'm sure you voted in favour of them?
@@banliveexport325 just like the Greens MP's that have multiple investment properties?
The difference is Labor Politicians actually stood to lose something and still put their money where their mouth was.
Greens MP's get to grandstand knowing they never have to make good on their statements.
They haven't done anything substantial since Bob Brown.
Negative gearing for investors and captital gain tax need to be reformed.
Lab backflipped on that policy weeks before the election
@@coolhandluke1503 this time that would bring victory
@@konanninja RBA data busts this myth, landlords have only passed on 1% of additional costs to tenants
The housing crisis is challenging enough, but coupled with crippling HECS debt, it all seems rather hopeless for young Australians.
To be fair, no-one forces anyone to do a degree at university. And everyone knows the repayment expectations that are put in place. Too many people do degrees that don't result in anything tangible. When I did my course at uni, I had to pay full fees up front (and I am an 7th generation Australian citizen, not a foreign student), but I wasn't eligible for HECS, due to my age. Maybe HECS should never have been a thing in the first place.
yep HECS debt for useless arts degrees pushed by woke universities.
@@Blackheathenlyyou are correct that HECS should never have been implemented. Education should be free to whomever wants it, especially in a wealthy and resource rich country like Australia where we can leverage that wealth for the betterment of our citizens. But you’re wrong that no one forces anyone to do a uni degree. Whole swathes of the economy are off limits to anyone who doesn’t have the appropriate certification. My argument is that if I’m paying for something, eg. a degree because without one I can’t get my foot in the door, then I should be guaranteed a job in that field at the end of it. Otherwise we end up with what is happening now which is universities are churning out graduates for fields that are completely saturated. How many baristas have a law degree? Would’ve been better to save four years, save tens of thousands of dollars and end up in the same place.
And labours still don’t want to get rid of negative gearing and CGT discount. Disgusting labour
They tried not once but twice, the Australian public voted against it twice.
You’re making a lot of sense Max . the rest of the greens I’m appalled by ..
His very right I’m seriously angry . I don’t think the current government understands the whole reason why people get out of bed in the morning to go to work is the opportunity to be able to have a crack at the Australian dream. We are living in worse conditions than our parents and grandparents. And for a developed first world country, it’s not good enough.
We won’t be a developed first world country for very much longer, have a look at Argentina if you want to see our future. Leftist ideology has destroyed our country
Thankyou Max. Keep calling these bums out. Worse than tinkering around the edges is the perfect way to describe it. All the policies of Labor and libs are about increasing demand.
I didn't hear Max say the major parties should reduce demand by cutting immigration. Unless there a major cuts, any other solutions Max comes up with will be swept away by the flood of demand from huge immigrant numbers.
I am an early baby boomer, and I think the ownership of multiple houses is disgusting. The rule should be one family, one house to live in. If people want to invest they should invest in Australian businesses, and not in owning multiple houses. For every action there is an equal and opposite reaction, and it is coming to bite the landlords.
Come next election, I hope the two major parties are shaking in their boots. I know I'm going to do my utmost to ensure that happens. I hope Max spotted a few pollies blush with the truth that even our representatives are hoarding that which we on low to middle income, need so desperately!!!
That right, I'm voting greens as well? why pay rent to the politician when you can pay rent to the Greens preferred superannuation fund that own the house. At least you can purchase a share in the super fund to offset the rent. that way you are owning the house indirectly.
@@sometingwongwai9679bruh, the greens are so done for
@@locky7347 No way, not a chance every house investor will vote greens, they make us rich and increase our rental intake. That rent cap was brilliant idea, now we put all the escalation , interest risk rise upfront, no need to add on yearly. also keeps the ones that can't afford it away because listed price is too high.
02.45 Chandler-Mather doesn't speak the whole truth, 75% of ALP Fed politicians own at least one investment property as do 65% of LNP politicians.
He failed to include that 50% of Greens fed MP's own at least one investment property. Did they blush too ?
Mehreen Farquit owned 4 (now probably 6 or 7 after a subdivision), 4 for Nick McKim 4, 3 for Elizabeth Watson-Brown. 7 out of 15 Greens MP's own investment properties.
Source SMH 2/5/23 article by James Massola "The Greens MP's who would lose out from the party's property tax changes".
@@sometingwongwai9679wow how uneducated are you if The corporation's have co troll of rental properties. You think it's going to be cheap hell no you watch rental prices go up. Do you also know big American Corporations are already buying up rental properties over here. Does that not tell you something Re prices
Cool, get rid of the tax benefits for propperty speculators and rent seekers. Are we going to address the elephant in the room, immigration? Last year 640K net migrants entered Australia, this year its projected to hit at least 500k; that is another Adelaide. Have we got another Adelaide ready now? How about constructing one every 2 years?
Not addressing the mass importation of renters and labour is muddling around the edges. These are migration levels that the UK, a country 3x our population is having trouble absorbing. Its nio just statistics, we can see and feel the change tangibly is daily life.
We see it is our shops, parks, schools, gp centres, roads - never before has it been more evident and just keeps growing rapidly.
Yep
Everybody keeps saying it’s a supply and demand issue so why doesn’t he talk more about how we can control the demand side - ie the turbo charged immigration policy? Imagine the immediate impact that would have on property prices and rents if we were to significantly reduce the intake of immigrants to a level that we could support.
most immigrants are poor, they aren't the one who are buying large swaths of land or building multi million dollar mansion in the middle of the city (all things that caused the housing crisis).
Its simple, 1 million immigrants arrived in australia last year. All these people need houses to rent or buy. Im not against immigration, but it needs to be scaled back to 100k a year at most. Sadly its too late to fix this country
So true
Whitlam would be rolling in his grave if he knew what Labor had become.
Bob Brown is rolling in his arm chair at the state of the current Greens.
@@SpMoose nope, current greens are much better. bob brown's greens were too technocratic, i like the populist greens now.
@@ernitok9095 yep well that's certainly an opinion.
50-100 000 immigrants are coming into Australia every month currently.
They all need somewhere to live. They rent or they buy. Rarely do they end up living on the streets or in a tent.
High immigration is the most significant contribution to high house prices and rents.
It's not all the pieces in the puzzle, but it's the most significant piece.
Yes mate, you're right. I'm not a fan of how generous the tax handouts are to property investors in this country, but fixing that issue is secondary. The most immediate priority needs to be fixing the supply/demand imbalance by moderating immigration back down to the levels it used to be.
The political class has done an amazing job at gaslighting the younger generations into turning this into a class war to distract from the real issue. The truth is, property investors have existed forever but our severe housing shortage has not. Property investors are an important part of the housing ecosystem; they provide rentals for renters and create housing supply through investment. They are not the enemy nor the root cause of the issue. The root cause is the burgeoning demand (via insane levels of immigration) that have created the perfect market conditions for property investors to prosper and take advantage of us renters.
The problem with the Greens is that they support the massive immigration intake, while also telling renters that they care for their plight. They are either economically daft or liars. I feel very sorry for younger people. They are completely misled into voting for the parties that are going to make their lives worse. That being said, I don't know who to vote for anymore...
If anyone is in doubt, ask yourself a couple of questions. If property investors are buying up all the homes, then why is there such a shortage of rentals and why are rental prices increasing due to scarcity? Why are the roads so busy, the hospitals under strain, police stretched too thin, schools/daycares booked out so far in advance, etc?
Banning foreign ownership fixes everything, immigrants won't come and pay us rent
@@JakkaRMwell said mate. The immigration intake is apolitical. High immigration benefits Wesfarmers, Woolworths Group, Transurban etc etc and unfortunately that has too much pull on our political system.
Australian quality of life is going backwards, one has to wonder whether we are seeing the limitations of late stage capitalism.
Unfortunately GREENS dont help as they are in favor of big Australia policies. Sustainable Australia Party..only way to vote
Well sai
We can not afford to be angry with land lords either!
Well said Max.
Provision of housing is not a Federal Government issue Max. It is a state issue and a state's rights issue. With the exception of some limited federal/defence facilities in states, those states decide all the rules for developers and builders/tradies, which land to release or rezone when, what can be built where, what contributions are required from developers, how much stamp duty and land tax to apply, at what levels. Even things like homebuilder's insurance requirements. The Feds can only decide how many immigrants it floods into those states and even then cannot control which states those immigrants choose to inhabit, nor for how long. So Max, please focus on what is within the Federal powers.
yeah he knows that, which is why everyone outside his greens cult can see him for what he is
Ahyeah Max Nick McKim has six investment properties Faruqi has six investment properties your arsonists turning up as fireman
Yep, extremely hypocritical.
Greens have shut down supply.
WE MUST vote OUT Labor Liberals and GREENS
What so a 150 independents
Greens can stay . For a bit see how they go
100% agree. Vote one Nation at this stage. The only party who understands the problems.
@@rz9509are you joking?
@@testicool013 you are right lol fk them off to
Tax changes wont have the desired effect unless you also address the population boom we are currently experiencing. I think the later issue is hard for the greens to take on because its driven by record immigration.
A dilemma for the Green's. They love immigration. Very odd, because they say they want everyone to have a house.
Shame to the labour
I just not long ago bought at 40. 10 months later, "15% increase in Property Values". They aren't worth what we say they are, someone needs to be a bag holder. Go older Millenials, do the thing.
When Labour tried to drop negative gearing as an election platform...they lost the election.
Twice.
That was then and now is now. We need politicians who think of the country instead of thinking only of themselves and their rich mates.
@@DavidLockett-x4b fix it now Government, yep sounds about right.
Hope you voted in favour of negative gearing changes in 2016 and '19 then. Doubt it somehow.
Good on him for saying that
Wouldn't The Greens immigration polices be at loggerheads with the Australian housing crisis?
Bill Shorten already tried to tackle the housing problem and voters elected Scott Morrison instead.
The electorate doesn't want house prices to go down. Any government that "fixes" it will be voted out. Don't blame the government. Blame your neighbour.
You do realise that even Labor debunked that whole 'Labor lost the election on removing negative gearing', right?
Ppl didn't vote for Bill Shorten because he was like an angry little jack Russell.
Nuts jobs that what greens are… targeting the wrong people. Instead of focusing on policy, more public housing, less immigration not target people who actually provide homes to rent..
you said it!
Share with every Australian as we have an election is coming up and your vote is key.
Albo's first priority is his property portfolio.
Hear hear. Greens are the party for the people
THIRTY to FORTY times the average income.
Jfc.
I’m a renter, but I know labor is actually changing policies and working towards changes but they can’t be fixed overnight. I’d rather progressively change the system overtime than ask for an immediate fix which May tank the economy. Yes CGT needs to be full and not discounted and negative gearing only for new homes. A housing collapse would be great for the millennial dream but practically it won’t happen.
The price of property won’t collapse in AUD but your $1million AUD house will soon be worth $30,000 USD
Lucky the education system doesnt actually show people how to vote and young people are lazy or totally disgruntled when they go to vote . Dont be lazy No more labour no more liberal . They are the same and serve the same masters.
Not young people….most Australian citizens
You got it
The comments are being moderated if you point out Greens MP's have multiple investment properties.
Does a uni debt go against their credit rating come on twll us all the red tape they are choked with
The Greens hating on labor wow
Yeah quite a few property investors are greens Nick McKim has six investment properties and Faruqi has six investment properties and land up at the central coast she is developing hilarious
@@vincentcacciola7161 10% green politician own three to more investment properties??? labor poltican easily own most investment properties in australia
What are you talking about you wally you n all your mate were the one that caused all this cause you wanted to let in 1million immigrants n house them before us Aussie families that fought n built n payed tax in this country all our families lives so until you n your mates except the blame n put Aussies first nothing will change it will only get worse
These guy want mad immigration and also talks about housing and rental affordibility.
So, tell us you've never read the Greens policies without telling us you've never read the Greens policies.
@@Blackheathenly isn't this the party who said immigration has minimal impact on housing?
Wow!! well said Max 💚💚💚💚💚💚💚💚
Tax Table Lowest income tax payer looks like list of Christmas goodies and hoodie's excluding SC discount card and exclusion of poverty Line metrics in tax burdens
Neither side of politics has done anything in this space (public and social housing) for decades. Around 90% of the rental market is in private hands. He mentions Whitlam but, conveniently forgets to mention Keating abolishing Negative Gearing, only to reinstate it within two years due to its impact on rents. NZ is right now going about reinstating NG for the same reason. Ireland has a far worse rental crisis after abolishing NG. Surely demonising and punishing the very people who provide around 90% of the market isn't the answer! Does he honestly think that the renter can all of a sudden buy an ex-rental property, let alone put together the 10% deposit, just because it's listed on the market? There's already an exodus of investors from Victoria due mainly to Land Tax hikes resulting in one of the lowest, if not the lowest rental vacancy rates in the country. Tinker more at your own risk Max!
no it not 70% poltican own three to more investment properties left idiot
Max you are a reasonable Green with some good ideas but you need to disassociate yourself from your radical obnoxious colleagues.
african N dis budget Mass immigration and international student SC discount card Racial vilification program 1989 Tiananmen square massacre Racial discrimination class action lawsuit comparative to Tax TabLe Lowest income tax payer that do not get immediate tax deduction Low income discount card Superannuation age should be reduced comparative to immigration records
Here are some facts. Kew 0:55 Victoria a very affluent suburb. 1991 average income $27500. 44% of your income went on the mortgage. . House sold in 1991 for $127,000.00 same house sold in Kew forv$1.4. Million last year. So more likely 12 times your combined income. 1991 5 times your income. If you want to live that close to the city that's what you pay. I know this because this was my home growing up. My parents could never afford so we rented that house. Tiny terrace for 5 and they saved for 10yrs. We had to move over 40klms from the city. 2.5 hrs has travelling everyday to work. Stop buying closer to the city and be realistic and buy where you can afford.
No one can afford to buy a house...no one.
If you paid attention under the cover of covid, medium property prices were 'normalised" all over Australia even in regional areas without jobs, so now there really is nowhere affordable even if you have a sizeable deposit the lowest price home will be around $6-700K. And you can't live in broken Hill if your job is in the city. Maybe you can get a spec home for a bit less in some suburb in outer space but will the builder survive the current economy to deliver the home?
@cm-kn9cd 1991 home loan interest rate was 17% pa.
Thank you Max. You’re one of the only blokes in there with coconuts 🥥🥥
Watermelons. Green on the outside, red on the inside.
Can’t post comment
Be straight with us greens please. What is the expected impact on house prices? And rents? No one tells us what they are aiming for with thete policys... I fear you are trying to drop the price of a home 10% .. and u r the best at 10%
Thank you Max!
Will the number of greens who own 2 or more dwellings sell them at cost so renters can get into the market?
What relevance does that have to anything?
Is that your solution?
@S2yay they are wealthy landlords pretending to care, listen to what he says
No green member of parliament owns more than one investment property and one of those received the house via inheritance.
@@coasterblocks3420 Not true.
Parliament’s registers of members’ and senators’ interests reveal that seven of the Greens’ 15 MPs and their spouses own 14 investment properties.
The biggest property owners are Greens Treasury spokesman Nick McKim (four), deputy leader Mehreen Faruqi (four) and first-term Queensland MP Elizabeth Watson-Brown (three), while the spouse of justice spokesman David Shoebridge owns three investment properties.
In addition to his home, McKim has declared investment properties in Nubeena and New Norfolk, in Tasmania, and a shack in Nubeena as well.
I think people are angry cause there is more than enough housing to go around, just not for all the people on temporary visas and all the new arrivals. Even if you did what you say, not enough houses are built for the amount arriving every day. And the public have woken up to this complete rort to pump up gdp.
Wedge politics. Tell me again how the carbon tax went!
this comment was arbitrarily censored by the australien government
that's because up to 1992, we had no green party that stop every proposed development
You’re still talking nonsense
Up to 1992 we also didnt have over 80k annual immigration
@@chrisb3189 80K pft??, try 980K, that's why I vote greens, they support migration and refugees, Nothing better for my property and business portfolio than green migration policies
@@sometingwongwai9679 Do you realise how your statements contradict each other? Apparently not, derpy.
@@chrisb3189 we have had a million over the last 12 months 800,000 students and then the temporary visa holders.
Vote greens
Out
it was great until 1992 when the Australian green party was formed, and then the you could build a granny flat in your back yard because the tree was in the way
You’re talking nonsense.
that is so pathetic it's laughable, except there are people dumb enough in this country to believe it, that's just sad.
@@kussemeinkont what do you mean- I vote green myself, they made us so rich. They knocked back the 1500 house development near me because of an endangered lizzard wearing an enchanted gock strap. less on the market, current values skyrocketed
@@coasterblocks3420 I vote greens 100%, thank god last month they rejected the shared equity scheme for affordable housing. Less people buying means my property portfolio and rental intake is still skyrocketing. Greens 100%, why would i vote for a nationalist liberal party.
@@coasterblocks3420 you still play with lego, I doubt you lived in the 70/80's to know what he was talking about
This person is brilliant and that's why we should all vote greens all the way. He is giving you financial advice. Take away negative gearing and redirect tax revenue to their affordable housing policies where overseas superannuation funds can fund the build to rent projects. He is indicating for you to purchase the Abu Dhabi sovereign index fund. Easy money.
You're literally part of the problem and seem proud of it.
@@dragonzord6615 but the greens help me create the wealth, that's why I vote for them. Every green star they put on building a house cost another 50K which makes my existing property value increase, Why wouldn't i support them. Thank god they rejected the shared equity housing scheme last month, phew, less home ownership and more renters. why the hell would i vote for the red neck nationalist Liberal party
If you care so much help them pass some damn legislation.
If Labor had the support in community to pass legislation without assistance from other parties they could. They don't , and can't however so they have to amend it to convince another party to support it, usually with amendments that make it more palatable to the other parties.
The Labor party's inability to pass legislation is entirely with them, the fact that Labor supporters are blaming other parties for Labour's failures is just Labor to a T.
@@PBRStreetgang911and greens to a T is to complain constantly while achieving nothing.
What do you mean by "help"? Just let Labour's proposals go through without amendment? Help also means negotiation with them to amend the proposals to actually make a difference to the average punter's life. And not tinker around the edges mostly benefiting people who are already owners.
You are aware that the greens fought and won the 3? Billion dollars of immediate aid in conjunction with labors piggy bank investment scheme? And that the majority of labor and liberal schemes only increase the price of housing, sure a few people may be helped but far more will be even further out of reach.
lol like the HAFF? cmon mate greens are blocking pathetic attempts at legislation reform... we need way more than anything labor has put on the table
poltical class 70% own three to more properties and labor poltican own most and green poltican own 10% ! green senator nick mckin own 6 investment properties
I think people are angry cause there is more than enough housing to go around, just not for all the people on temporary visas and all the new arrivals. Even if you did what you say, not enough houses are built for the amount arriving every day. And the public have woken up to this complete rort to pump up gdp.
I think people are angry cause there is more than enough housing to go around, just not for all the people on temporary visas and all the new arrivals. Even if you did what you say, not enough houses are built for the amount arriving every day. And the public have woken up to this complete rort to pump up gdp.
I think people are angry cause there is more than enough housing to go around, just not for all the people on temporary visas and all the new arrivals. Even if you did what you say, not enough houses are built for the amount arriving every day. And the public have woken up to this complete rort to pump up gdp.