Australia’s biggest problem is The migration intake. This year was over 800,000 people. The population of Australia is 25 million people. It can’t sustain that many people coming in. Migration needs to stop for a couple of years to let the housing supply catch up with the size of the population. The government However don’t seem to want to listen to anybody.
You don't understand economics. Why do you think the government let them in? They know damn well there's not enough room for them. They let them in cause we have very low productivity. Aussies have had it good for far to long and are very lazy. The young generation understands they will inherent large amounts of wealth so they don't pursue meaningful carriers like they use to 30 years ago. Don't blame outsiders mate, its your own at fault here... Those outsiders have supported the growth of your economy. If it wasn't for immigrants moving here after the GFC aussies would be a lot broker today. Thank your lucky stars they want to come there. They saved you a recession. The Government is using the same tactic now.
No the biggest problem is policy, Negative Gearing, and the tax benefits for investors. Everyone loves to blame immigration because it's easier to manipulate people via their emotions. And when it comes immigration, it evokes people's racial biases and easy quick fix thinking, "stop the boats". It's easier to feel than it is to think. Propagandists and marketers know this. If you start talking about the root of the problem, policy, everyone switches off because it doesn't evoke emotion and involves thinking. The nation is going down the drain because the majority of the electorate have been too lazy to think and allowed spin to emotionally manipulate them for DECADES. Meanwhile, the Coalition and the Labor party have enjoyed for decades a cosy relationship and golden job opportunities with special interests at the expense of the nation's health and prosperity. Yes, immigration is a contributing factor, but it's not the cause.
Immigration is part of the Capitalist rules - need more new people to exploit (while they save for home & other needs). They don't care for the people, only their profits. The Greens are the strongest independent party that thinks about people (the major parties are part of the corporatism - bribed)
@@arkyark8Immigration is the cause mate. The correlation between increases in house prices and higher immigration levels is clear. Too many people, too few houses, it's simple maths really. It isn't racist to say we have too much immigration. I'm not sure why anyone thinks mass migration is a good thing anyway, or why it is taboo to say otherwise, but I'm saying it.
I live in Australia and as a migrant and seasoned traveller, the country, its low population and its climate offers one of the highest quality or life conditions in the world. But man has it become expensive, and our government is incredibly incompetent.
Liberals have been in power more over the last 20 years, with high immigration, no gas reserves for the locals ,allowing big mining companies to sell our gas overseas with very little tax and cheaper than what locals can attain it ,at same time claiming we need to mine more gas ,they also have seen biggest decline in the industrial sector and allowed property to become an investment vehicle for the rich ,so Liberals are probably worse and more destructive@garybilkey1244
It's all by design. the government artificially inflate the prices, as explained in the video. They do not care about its citizens nor new immigrants. All are just bodies to fill the pockets of politicians and lobbyists in the Australian parliment ( they have investment properties too) Its far fetched for a country that declares itself a democracy. ( which adopts draconian policies for its domestic problems such as gender behaviour and freedom of speech in social media). Feels more like a communist regime.
The average house in Sydney already costs 1.5 million dollars and the average cost of a house in most of Australia already is 800,000 dollars so it won't be long at all until the average cost of a house in Australia is 2 million dollars.
10:09 what is with American TH-camrs showing New Zealand's flag when referring to Australia? This is another channel that couldn't even get the flag right.
yes i am hearing you I am in the same situation This country as i had know it is stuffed went to get some chips last night at the fish shop minimum chips 7 dollars seriously I declined bought a kilo bag at the supermarket and saved over 100 percent
Govt red tape, green tape and taxes (duties) is why we cannot build. Oh forgot to mention labour laws, which appease the unions which are very difficult to dismantle.
Seeing ex-professional retired women homeless and living on the streets in shopping street doorways brings it home. The landlord at this apartment block just legally doubled our rents. Three single women (in three apartments) were made homeless. Greed is overwhelming in Australia right now.
Its very sad that people dont talk about how corruption is so ripe . Root problem can be fixed we have plenty of land . If you sub divid that 25 million peope over the land sizes each one can have a piece of the pie. The scales in going down , building s are not being maintained public toilet s are disgusting. Shopping centre lifts dont work for weeks. Its was a lucky country , but not so lucky any more. People are become homeless no jobs , Qhat are we teaching next generation. Youth crime is on the raise. I am just getting so frustrated. You get on the train you dont know who s mental that can attact you people are going crazy. What have we become a society of sick mental people taking incent live . Everyone deserves to be safe.😢😢😢❤❤❤How can we fix this . Hugh problem , why should Australians mive out if there own country being white or black everyone has a place. The problem us people should awakening up look if there is vacant properties around there area and get a homeless person to occupy it. You will solve the housing problems easy. So you get the homeless to get rich so we balance problem easy fix 😢😢😢😢
I am leaving Australia as soon as my finances are sorted. Born here and so dislike it, never felt i fitted in or like it was home. Can't wait to be with my Mrs in Europe, a non-EU country. Australia has become a 4th world country with the immigrants we have brought in. Australian culture has disappeared. The govt has gone nuts. Freedoms have been taken away. Not a friendly place to live....not anymore
Yep , you must be right , if the MIDDLE CLASS and the RICH didn’t WORK so hard to get what they have earned they wouldn’t have an excuse for being SCUMMY . You just keep blaming anyone else , if it makes you feel better . 😢
Yes. Australia's cost of living is skyrocketing daily. The economy is in tatters and out of control immigration has destroyed rental and home owning opportunities. But this has become much much worse under the current Albanese government. Corrupt and incompetent. Australia is heading towards third world status.
Totally incorrect information! Just getting back after covid just like everyone else - brilliant place to live - but happy for people to leave if they wish! Population is increasing !
Immigration is part of the Capitalist rules - need more new people to exploit (while they save for home & other needs). They don't care for the people, only their profits. The Greens are the strongest independent party that thinks about people (the major parties are part of the corporatism - bribed)
@@keepitreal2902 It's not that simple. @BushHunter99 mentions two factors. And it's not even an elephant in the room, they are obvious factors, but they are not the only ones. Other factors include, policy, energy costs breaking our industry base, investment properties owned by the top 10 highest earners and how they directly affect the price tag of a home, Australia's relationship to the USA, the corruption within the Coalition and Labor party...the list goes on. Yeah he nailed 2 things but it's more nuanced then that.
This analysis is pretty accurate, and it's difficult for people to see the issue unless you've lived through it. I lived in Australia for 17 years, and did okay there. I bought a house when they were still $25,000 (for a large 4 bedroom house). I paid it off within 5 years, installed a swimming pool and nice garden (etc). Today, 30 years later, I can now sell this house (in Perth) for around $3 million. The economy (for your "average Joe") is definitely broken in Australia, as it is in most of the world. The cost of living (mostly the cost of accommodation) is at the heart of the problem (as is the case in most of the western world). Making people "feel rich" by artificially inflating the property bubble doesn't work long term - it's a pyramid scheme that's about to collapse. I used to love Australia, but was always aware of the extreme government authoritarian undercurrent in Australia. The younger generation have been screwed over badly, and there is no solution to the problem. Just leave - go somewhere more affordable. Either that, or make sure you start/run your own successful business, or become a director or CEO of a Fortune 500 company. Anyway, I'm now living in a non-English speaking country, and have never been happier. It's cheap, infrastructure is quite good, great food/culture/people.
Thanks for that we'll explained response. The politicians, banks and Multinationals have behaved abysmally,in the last 20 years to get us where we are ( consumer protection bodies like the ACCC and ASIC have not dealt with blatant serial offender).
@@Leaptab Ooooh yes! They did non give kids What They Deserve! It was happy childhood and then poor kids have to work, earn and pay, not just continue to be happy forever!
This is what happens when you have liberals in power. But I wouldn't get to cocky if I were friends with oppressive governments like China that just kills the excess populace. Africa is about to break apart because they are giving land to people who can't do anything with it. Europe is only as strong as long as there's a power behind it. So go ahead a cheer on the downfall of the US. As an American I await the time China or Russia run the "free" world. Most Americans that have a clue want nothing to do with other countries issues. The UN is a farce.
2:00: The sheer demand for these house is off the scale. Prices are rising fast in Brisbane, Adelaide and Perth. And most regional areas. Seems to be so so much money chasing a limited amount of housing. I'm personally flabbergasted at what I'm seeing.
If you think immigration is the cause then seriously, you've fallen for the spin and you really should pay more attention. No the biggest problem is policy, Negative Gearing, and the tax benefits for investors. Everyone loves to blame immigration. The spin doctors know it's easier to manipulate people via their emotions. And when it comes immigration, it evokes people's racial biases and easy quick fix thinking, "stop the boats". It's easier to feel than it is to think. Propagandists and marketers know this. If you start talking about the root of the problem, policy, everyone switches off because it doesn't evoke emotion and involves thinking. The nation is going down the drain because the majority of the electorate have been too lazy to think and allowed spin to emotionally manipulate them for DECADES. Meanwhile, the Coalition and the Labor party have enjoyed for decades a cosy relationship and golden job opportunities with special interests at the expense of the nation's health and prosperity. Yes, immigration is a contributing factor, but it's not the cause.
@@DimitarBerberuthe current government is socialist, and those policies are making things worse. If you don't like capitalism maybe go and live in north Korea or China.
Canada thought the same a few years ago, now they're pretty clear on the issue. Sounds like Aus needs to boil a little longer in obliviousness and denial, when they realise it'll be too late......like Canada.
Australia has a warm climate, so you can just sleep on the park bench and it will not be too bad. At least the politicians seem to behave like they believe this!
@@vernonwhite4660 global warming will fix that. And if you do freeze to death then government policies of windmills solar panels, expensive electricity and blowing up coal power stations worked and you should be so thankful to our elite for solving the problem! 🤡🤡🤡
@@myaccount9498 -2 degrees Celsius is pretty cold in the older houses in Australia. They have little insulation. I remember hearing about the Winery where I used to work the overhead lines with water in the would freeze up overnight. They would have to wait for them to thaw before they could pump wine.
@PaxAlotin it’s about putting the focus on them. They push the rental costs up, overinflated market. And it will be those that have 2,3 or more homes that will not want this.
This video is correct in it's description of the housing crisis in Australia - young people should be really angry about this. The tax policies around investment housing need to change - get rid of negative gearing, this will take investors out of the market - this means there will be more houses for young people to buy. Housing is for shelter and for a place to call home - it is not a "market".
Young people need to get angry at the government for running the Big Australia mass migration program, reducing their opportunities so that they can claim we have had economic growth (and so treasury has more tax payers)
Nevertheless, when you check the earning rate compared to other giant economy countries, you'll see that regardless of the housing cost, people still want and dream of living in Australia.
Yes, depends on location though. Sydney's realestate is the most expenssive in the world, only 2nd to the Hongkong. The index is median multiple (median house price / median household income).
Switzerland has at least strong social housing, Australia doesn't. At least, not anymore. That was another thing Boomers got to enjoy that was denied to future generations.
house prices rise becuase there are rich foreigners who are willing to pay for high prices to enjoy Australia way of live. there are negative geatign to jack up prices. Both key govt imported too many people for votes that cause high rentals, high prices as well. There is room for more affordable houses, rents if govt are serious to control rising houses and prices, not importing so many for votes reasons. High rises blocks are being planned
Spot on. Thank Julia Gillard for promoting foreigners to buy our properties. Everyone could see the writing on the wall once that happened. Now, Albaneses massive fuck up of inviting mass immigration from especially India and that's Australia totally screwed. Our beautiful country ruined by these arseholes
Eastern Europe is another great option and most of Eastern Europe is developed and quite developed now and Eastern Europe is cheap. I'm planning to move to Bosnia in the next few years.
Actually we have jumped to the 1st & most expensive place to buy a house now ; recently it was Japan. House prices are insane in Australia. They soared 2 & 3 times during covid.Then being told no % rate rises til 24; which I knew was baloney as America just lifted theirs! Then hit with 13 interest rate rises in a row???!!! A lot of people had no choice but to elevate rents to pay their mortgages. A lot of investor's are forced to sell due to the prohibitive costs which inturn will have a negative effect on housing too.A lot of people too carn't afford to keep their only home. There is a lot of homelessness now,the likes of which we have not seen since the 1930's . People with jobs sadly living in their cars & tents quietly moved on before daylight. All this & businesses going broke at an alarming rate. Perfect recipe for a Depression,as people carn't afford to purchase & keep businesses going.We are told not to spend due to inflation !!?? Govt's spending creates inflation not us fact. Plus Their red tape & taxes making it hard for businesses. What will the Govt & the ATO do to get their tax dollars that are dwindling day by day?!This should NEVER have been allowed to happen,& all in 'the land of plenty'. Whose running this ship?Where was their forethought? They have 'overcooked' the market with % rates too low for too long, then the soaring jump in house prices + 13 sudden crippling rises & on top of the cost of living crisis + global factors too!!? Only last year,I saw an unrenovated weatherboard house for sale in America for only $25 000 ! Similar house in South of Sydney 2.5 million!!! Not so long ago everyone could afford to buy a house be it modest or more lavish;& you got what you paid for.Now shacks that no one once wanted are selling for outrages prices!!House prices need to drop to allow true affordability, because this is not sustainable,& we are the talk of oversea's with our overpriced shacky houses.All the marker's are there for a big correction sorryvto say sadly.
It's a terrible place to live these days unless your extremely Wealthy.. housing,food , anything you want to buy is more expensive than other countries..I was born here ,but I hate the place . I've lived overseas too and I found that much better. Australia can be extremely boring too, it's very isolated. Social life here is very dull compared to OS. Basically life here is all about housing and working your complete life . The people who like it are the older generation who remember a great Australia, but don't be fooled there is a lot of brainwashing going on telling people it's the best country in the world.. that's not true at all, not even close too it. How do I know ,I've lived in other countries and travelled to many places in the world and as said I was born in Australia! My plan is to get out permanently shortly
Keep the propoganda going and it will clear all the whingers out of australia there's lots of people who would love to live here . I'm a pensioner , i don't own a house, i'm not wealthy ,but i LOVE AUSTRALIA👍
Yeah it was a good country. Today its infested with corrupt politicians and just ridiculously expensive with average quality. The weather is great though.
It's really nonsense that there's no housing in a country with such a vast land area. If they just remove some of the parks here and there and build apartments, it would become a new city. Australia is such a difficult country to live in.
The one big thing you didn’t mention, the state governments are very happy with the tax arrangements they get land tax, the federal government loses out with all the tax deductions while the state government doesn’t put much into housing commission accommodation. Biggest winner is state, they also get more stamp duties with higher prices.
It’s called greed 😢and not giving a toss about anyone else. I’ve been in the building game for 40 years and it sucks. Governments don’t care because they all own a lot of houses. Insider trading. Independent overseeing is needed.😮
Aust is running the economy on property ,same as China did and see what happened to them ,America has already been through this ,Aust property market will crash eventully it can’t sustain this pace
It's simple, most federal and state government minister's own multiple rental properties. It's in there financial interest. Basically both government parties don't care about It's population, they are both bent. The Teals and the Greens are just as bad, if not worse.
@@maureensheppard3613 That does not entitle them to falsely claim asylum, tie up the legal system for years , lodge appeal after appeal costing over $100K of our tax money and then be found to not be genuine and be deported back home again at our expense while our own people sleep in their cars or on the streets.
Australian cities have artificial walls around them called National Parks they stop development and push up prices of old housing stock even in Alice Springs they have surrounded the town with Parks ,yes in the middle of a huge empty desert. Sydney is a disaster waiting to happen the banks are poised to gobble up the housing stock after folks cannot afford a 1.5 million mortgage at 7.5% especially when they lose their job in the coming recession and then when you see that their parents have gone guarantee for the loan through ownership of their homes of 40 or 50 years and now live on a pension with a small cash savings of say 300,000 this money will be gobbled up by the banks and they will be forced to sell in a calapsing real estate market the future looks grim to me , my advice get out of the large cities asap or sell in Sydney now buy in cheaper Brisbane or were ever now for cash and hunker down to survive the coming storm God help us all
That's why countries like China have proper planning & their infrastructure is fast growing. They stopped property speculations & the people will learn (just like in Singapore) that bad behaviour doesn't work long term.
@@janestones323 With the Western warmongering, the process of energy & risks are rising, which affects the cost & safety of living. Blame the external policies that are commanded by the imperialists/oligarchs for increasing their profits in the immature race for exploitation.
Bad government
Crazy people vote for Bad governments (LNP & Labor, + the insane nationalists as One Nation, etc)
Bad/ controlled governments after US(UK) interference & dismissal of socialist Gough Whitlam
Australia’s biggest problem is The migration intake. This year was over 800,000 people.
The population of Australia is 25 million people.
It can’t sustain that many people coming in.
Migration needs to stop for a couple of years to let the housing supply catch up with the size of the population.
The government However don’t seem to want to listen to anybody.
You don't understand economics. Why do you think the government let them in? They know damn well there's not enough room for them. They let them in cause we have very low productivity. Aussies have had it good for far to long and are very lazy. The young generation understands they will inherent large amounts of wealth so they don't pursue meaningful carriers like they use to 30 years ago. Don't blame outsiders mate, its your own at fault here... Those outsiders have supported the growth of your economy. If it wasn't for immigrants moving here after the GFC aussies would be a lot broker today. Thank your lucky stars they want to come there. They saved you a recession. The Government is using the same tactic now.
No the biggest problem is policy, Negative Gearing, and the tax benefits for investors. Everyone loves to blame immigration because it's easier to manipulate people via their emotions. And when it comes immigration, it evokes people's racial biases and easy quick fix thinking, "stop the boats". It's easier to feel than it is to think. Propagandists and marketers know this. If you start talking about the root of the problem, policy, everyone switches off because it doesn't evoke emotion and involves thinking. The nation is going down the drain because the majority of the electorate have been too lazy to think and allowed spin to emotionally manipulate them for DECADES. Meanwhile, the Coalition and the Labor party have enjoyed for decades a cosy relationship and golden job opportunities with special interests at the expense of the nation's health and prosperity. Yes, immigration is a contributing factor, but it's not the cause.
Immigration is part of the Capitalist rules - need more new people to exploit (while they save for home & other needs). They don't care for the people, only their profits. The Greens are the strongest independent party that thinks about people (the major parties are part of the corporatism - bribed)
@@scottymitch1Actually GDP per person has been in decline for years now. We are in a per capita recession but I agree with your comments
@@arkyark8Immigration is the cause mate. The correlation between increases in house prices and higher immigration levels is clear. Too many people, too few houses, it's simple maths really. It isn't racist to say we have too much immigration. I'm not sure why anyone thinks mass migration is a good thing anyway, or why it is taboo to say otherwise, but I'm saying it.
I live in Australia and as a migrant and seasoned traveller, the country, its low population and its climate offers one of the highest quality or life conditions in the world. But man has it become expensive, and our government is incredibly incompetent.
so why did you vote for abbo sleazy
@@garybilkey1244 i didnt. I cant stand him or labor.
@@garybilkey1244 It's the Howards gang that privatised & messed up all, so the US companies are controlling us.
Liberals have been in power more over the last 20 years, with high immigration, no gas reserves for the locals ,allowing big mining companies to sell our gas overseas with very little tax and cheaper than what locals can attain it ,at same time claiming we need to mine more gas ,they also have seen biggest decline in the industrial sector and allowed property to become an investment vehicle for the rich ,so Liberals are probably worse and more destructive@garybilkey1244
All due LNP puppet of US oligarchs (Murdoch, Et al) that destroyed it, particularly incompetent Howard & gang
Living in the UK and I think 90% of people say they wish they lived in Australia lol
Compared to the Uk, where I am from, it is a better place. Later you realize Asia is better still.
Both countries are terrible.
@@johnm84 couldn't be more wrong.
@@Polska1994 Couldn't be more right. Both countries are horrible and both countries suck.
Anywhere is better then the uk
I can't understand why housing is a big issue here, dont Australia have so much land? I mean can consider the biggest island in the world.
Thousands of construction companies declared bankruptcy during covid. No builder want to build due to high material costs.
Yes, it's the lowest density population of any continent save Antarctica.
It's all by design. the government artificially inflate the prices, as explained in the video.
They do not care about its citizens nor new immigrants.
All are just bodies to fill the pockets of politicians and lobbyists in the Australian parliment ( they have investment properties too)
Its far fetched for a country that declares itself a democracy. ( which adopts draconian policies for its domestic problems such as gender behaviour and freedom of speech in social media).
Feels more like a communist regime.
It's by design as described by the video.
Because we don’t want to destroy our farmland and we don’t want to destroy the national parks that’ surround the cities. And natural animal habitats.
Wait until the average house in Australia is 2million.
@@Bobotheclown98 it will get there
Won't have to wait long.
The average house in Sydney already costs 1.5 million dollars and the average cost of a house in most of Australia already is 800,000 dollars so it won't be long at all until the average cost of a house in Australia is 2 million dollars.
10:09 what is with American TH-camrs showing New Zealand's flag when referring to Australia? This is another channel that couldn't even get the flag right.
..and terms used are incorrect .. "Super" ?? For a non Asian, what does that mean. It's superannuation! A moment to clarify would have been good.
Please stop , I want to just cry for my country .
I own a house but I still want out of this place
yes i am hearing you I am in the same situation This country as i had know it is stuffed went to get some chips last night at the fish shop minimum chips 7 dollars seriously I declined bought a kilo bag at the supermarket and saved over 100 percent
Many people have backup plans like South East Asian nations..
The crash will be biblical.
Can't wait
50%?
Missed middle kingdom 🇨🇳capital flight 💸 and other money laundering 💴🧼into real estate🏘.
We need a good government that is willing to support the people by building a lot more households all over Australia,
And the can be solved.
Politicians corruption doesn’t help filling up their pockets and building their retirement funds that will suffice their children’s children
Govt red tape, green tape and taxes (duties) is why we cannot build. Oh forgot to mention labour laws, which appease the unions which are very difficult to dismantle.
I disagree. If they built heaps of houses no one could afford them because of our lack of labour laws
Corrupt builders create unsafe properties with no planning & infrastructure. That's why we need all colours of tape to fix the insanity.
Seeing ex-professional retired women homeless and living on the streets in shopping street doorways brings it home. The landlord at this apartment block just legally doubled our rents. Three single women (in three apartments) were made homeless. Greed is overwhelming in Australia right now.
Its very sad that people dont talk about how corruption is so ripe . Root problem can be fixed we have plenty of land . If you sub divid that 25 million peope over the land sizes each one can have a piece of the pie. The scales in going down , building s are not being maintained public toilet s are disgusting. Shopping centre lifts dont work for weeks. Its was a lucky country , but not so lucky any more. People are become homeless no jobs ,
Qhat are we teaching next generation. Youth crime is on the raise. I am just getting so frustrated. You get on the train you dont know who s mental that can attact you people are going crazy. What have we become a society of sick mental people taking incent live . Everyone deserves to be safe.😢😢😢❤❤❤How can we fix this . Hugh problem , why should Australians mive out if there own country being white or black everyone has a place. The problem us people should awakening up look if there is vacant properties around there area and get a homeless person to occupy it. You will solve the housing problems easy. So you get the homeless to get rich so we balance problem easy fix 😢😢😢😢
80% desert!!! You don't know basic geography. How long have you lived here??
Dubai was a desert today its a thriving .
I am leaving Australia as soon as my finances are sorted. Born here and so dislike it, never felt i fitted in or like it was home. Can't wait to be with my Mrs in Europe, a non-EU country. Australia has become a 4th world country with the immigrants we have brought in. Australian culture has disappeared. The govt has gone nuts. Freedoms have been taken away. Not a friendly place to live....not anymore
So true,I am so ready to turn my back on this place I was born and grew up in,it is a disgrace now.
If it's britain you are going to you will be surprised.
@@larsbjrnson3101 Definitely not UK 🙂
I blame the scummy nature of the middle class and the rich.
Yep , you must be right , if the MIDDLE CLASS and the RICH didn’t WORK so hard to get what they have earned they wouldn’t have an excuse for being SCUMMY . You just keep blaming anyone else , if it makes you feel better . 😢
By the way , Interest rates got to 17% when I bought my house and my wage was $280 per week . so HtFu 😢
I wouldn't live in another country..
Ever..
LOGIC. HOUSES ARE SUBJECTS IN WHICH U NEED MONEY TO STAY IN THEM ..N ITS NOT FREE. OK. NO WAY. N EVERYWHERE , ITS THE SAME. HOUSING IS COSTS .
10:07 Thats the flag of New Zealand, not Australia. And 90% all the footage showing homes in this video is from the US!
us. Where most problems are exported to the world :(
Common Guys just Say : Aussie Aussie Aussie! Oi Oi Oi !!!
A house bought by a Baby boomer in the early 70’s in a affluent suburb in Sydney is equal to 15 weeks rent now .. 😭
Bad government, worse opposition. The minor parties are a joke. There, I said exactly what I have known about Australia for years.
Yes. Australia's cost of living is skyrocketing daily. The economy is in tatters and out of control immigration has destroyed rental and home owning opportunities. But this has become much much worse under the current Albanese government. Corrupt and incompetent. Australia is heading towards third world status.
Absolutely true, don't forget woke politics.
So the record immigration isn't happening?
Whyte flight ✈️ is real. Many quality Whyte men are fleeing to South East Asia..
Totally incorrect information! Just getting back after covid just like everyone else - brilliant place to live - but happy for people to leave if they wish!
Population is increasing !
Um, you showed the New Zealand flag when you were talking about Australia.😢 11:09
1975 plan take manufacture move off shore to european & USA
Yes, when Gough Whitlam was removed & all control was taken by the US (continuation of the UK)
Any street you drive by you hardly ever spot any white faces out there.
Australia love it or leave
MelBORNN
Every market corrects itself. The Aussie Market is in for a major correction.
Short version - too many immigrants and not enough building makes housing cost high
Immigration is part of the Capitalist rules - need more new people to exploit (while they save for home & other needs). They don't care for the people, only their profits. The Greens are the strongest independent party that thinks about people (the major parties are part of the corporatism - bribed)
Short version = the inaccurate less informed person's version.
To many wars Australia got itself involved in with its allies that made a lot of refugees that migrated so it was brought upon itself
@@arkyark8Oh I think he nailed it. People want to blame everything except the elephant in the room.
@@keepitreal2902 It's not that simple. @BushHunter99 mentions two factors. And it's not even an elephant in the room, they are obvious factors, but they are not the only ones. Other factors include, policy, energy costs breaking our industry base, investment properties owned by the top 10 highest earners and how they directly affect the price tag of a home, Australia's relationship to the USA, the corruption within the Coalition and Labor party...the list goes on. Yeah he nailed 2 things but it's more nuanced then that.
This analysis is pretty accurate, and it's difficult for people to see the issue unless you've lived through it. I lived in Australia for 17 years, and did okay there. I bought a house when they were still $25,000 (for a large 4 bedroom house). I paid it off within 5 years, installed a swimming pool and nice garden (etc). Today, 30 years later, I can now sell this house (in Perth) for around $3 million. The economy (for your "average Joe") is definitely broken in Australia, as it is in most of the world. The cost of living (mostly the cost of accommodation) is at the heart of the problem (as is the case in most of the western world). Making people "feel rich" by artificially inflating the property bubble doesn't work long term - it's a pyramid scheme that's about to collapse. I used to love Australia, but was always aware of the extreme government authoritarian undercurrent in Australia.
The younger generation have been screwed over badly, and there is no solution to the problem. Just leave - go somewhere more affordable. Either that, or make sure you start/run your own successful business, or become a director or CEO of a Fortune 500 company.
Anyway, I'm now living in a non-English speaking country, and have never been happier. It's cheap, infrastructure is quite good, great food/culture/people.
Yo man, where did you end up?
@@Hyper584kI bet Malaysia
Thanks for that we'll explained response. The politicians, banks and Multinationals have behaved abysmally,in the last 20 years to get us where we are ( consumer protection bodies like the ACCC and ASIC have not dealt with blatant serial offender).
Which suburb? You wont answer because your claim is BS.
If everyone leaves, you'll return and buy cheaply because after living abroad for a long time, you'll realize that nowhere is better than home.
He’s right. Australia sucks. It’s to expensive for the average person. Look for somewhere else to live.
there are many parts of austraslia with lower cost , eg lower house prices..
Average person gains $5k pa. Yes, we are very expensive for them. Make Australia betrer - leave!
Boomers broke the social co tract and stole their kid's future.
@@Leaptab Ooooh yes! They did non give kids What They Deserve! It was happy childhood and then poor kids have to work, earn and pay, not just continue to be happy forever!
@@Leaptab
Wow
This is what happens if you are friends with the US. You reap what you sow.
This is what happens when you have liberals in power. But I wouldn't get to cocky if I were friends with oppressive governments like China that just kills the excess populace.
Africa is about to break apart because they are giving land to people who can't do anything with it. Europe is only as strong as long as there's a power behind it. So go ahead a cheer on the downfall of the US. As an American I await the time China or Russia run the "free" world.
Most Americans that have a clue want nothing to do with other countries issues. The UN is a farce.
All the devil countries speak English
What is your point?
There's no way out of that though.We are too far gone!
we have masmigration
2:00: The sheer demand for these house is off the scale. Prices are rising fast in Brisbane, Adelaide and Perth. And most regional areas.
Seems to be so so much money chasing a limited amount of housing.
I'm personally flabbergasted at what I'm seeing.
If you think immigration is the cause then seriously, you've fallen for the spin and you really should pay more attention. No the biggest problem is policy, Negative Gearing, and the tax benefits for investors. Everyone loves to blame immigration. The spin doctors know it's easier to manipulate people via their emotions. And when it comes immigration, it evokes people's racial biases and easy quick fix thinking, "stop the boats". It's easier to feel than it is to think. Propagandists and marketers know this. If you start talking about the root of the problem, policy, everyone switches off because it doesn't evoke emotion and involves thinking. The nation is going down the drain because the majority of the electorate have been too lazy to think and allowed spin to emotionally manipulate them for DECADES. Meanwhile, the Coalition and the Labor party have enjoyed for decades a cosy relationship and golden job opportunities with special interests at the expense of the nation's health and prosperity. Yes, immigration is a contributing factor, but it's not the cause.
All because of Capitalist lack of planning. It's only profits that they care about :(
@@DimitarBerberuthe current government is socialist, and those policies are making things worse. If you don't like capitalism maybe go and live in north Korea or China.
Canada thought the same a few years ago, now they're pretty clear on the issue. Sounds like Aus needs to boil a little longer in obliviousness and denial, when they realise it'll be too late......like Canada.
Australia has a warm climate, so you can just sleep on the park bench and it will not be too bad. At least the politicians seem to behave like they believe this!
Go to Melbourne at present you will freeze😊
@@vernonwhite4660 global warming will fix that. And if you do freeze to death then government policies of windmills solar panels, expensive electricity and blowing up coal power stations worked and you should be so thankful to our elite for solving the problem! 🤡🤡🤡
Yeah it's so warm here that it was -2° in outer suburbs of Adelaide last week....A man froze to death sleeping in his car 😢
@@myaccount9498 -2 degrees Celsius is pretty cold in the older houses in Australia. They have little insulation. I remember hearing about the Winery where I used to work the overhead lines with water in the would freeze up overnight. They would have to wait for them to thaw before they could pump wine.
@annyer262 Yes u are right, many homes are poorly insulated. I wear snow pants 6months of the year & I've never seen snow!
come to xinjiang, we have affordable houses and we offer free massage training
😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
They said the same in canada and usa too, i havent heard anything about the uk yet, but im sure they dont want to live in the west, cost too much.
I like how lots of the stock footage is of places not in Australia LOL
They couldn't even get the flag right 10:09
Put this mess squarely at the real estate industry. And a royal commission should be called into their practice.
@PaxAlotin it’s about putting the focus on them. They push the rental costs up, overinflated market. And it will be those that have 2,3 or more homes that will not want this.
@PaxAlotin We need to remove the Royal from the Commissions ;)
@PaxAlotin (Corrupt) Royal is the Titanic. Why are we still there drowning? ;)
Thanks for the vid! Very accurate in my view!
This video is correct in it's description of the housing crisis in Australia - young people should be really angry about this. The tax policies around investment housing need to change - get rid of negative gearing, this will take investors out of the market - this means there will be more houses for young people to buy. Housing is for shelter and for a place to call home - it is not a "market".
That's what China discovered. But the Western propaganda says they are in "crisis" ;)
Young people need to get angry at the government for running the Big Australia mass migration program, reducing their opportunities so that they can claim we have had economic growth (and so treasury has more tax payers)
And yet people didn't vote for Bill Shorten
Is owning a house in Australia costlier than in Switzerland?
Nevertheless, when you check the earning rate compared to other giant economy countries, you'll see that regardless of the housing cost, people still want and dream of living in Australia.
Much cheaper in Australia. This video is nonsense.
Yes, depends on location though.
Sydney's realestate is the most expenssive in the world, only 2nd to the Hongkong.
The index is median multiple (median house price / median household income).
Switzerland has at least strong social housing, Australia doesn't. At least, not anymore. That was another thing Boomers got to enjoy that was denied to future generations.
this is why living in a car for a few years allows you to save for a deposit ...
house prices rise becuase there are rich foreigners who are willing to pay for high prices to enjoy Australia way of live. there are negative geatign to jack up prices. Both key govt imported too many people for votes that cause high rentals, high prices as well. There is room for more affordable houses, rents if govt are serious to control rising houses and prices, not importing so many for votes reasons. High rises blocks are being planned
It's much simpler - Capitalism :(
Spot on. Thank Julia Gillard for promoting foreigners to buy our properties. Everyone could see the writing on the wall once that happened. Now, Albaneses massive fuck up of inviting mass immigration from especially India and that's Australia totally screwed. Our beautiful country ruined by these arseholes
Marsden Park in Sydney's west has houses rented by immigrants with 2 or 3 families living in them.
USA 💸
It's far better to emigrate to a decent developing Asian country.
Eastern Europe is another great option and most of Eastern Europe is developed and quite developed now and Eastern Europe is cheap. I'm planning to move to Bosnia in the next few years.
@@johnm84 It sounds like a great idea.
It's a secret..
Why are they all coming to Australia then?
@@thekingspin9846 Mostly men or wealthy middle class Asian families..
Talk about free gas to the USA
Supply and demand.. Too many immigrants and no housing..
GDP rose due to the mining boom and Chinese demand, not privatisation or any other nonsense.
Don't forget covid-19 done a lot damage in Australia and around the world. So it wasn't just Australia that lost a lot of jobs .
It wasn't covid-19 but the incompetence of the capitalist system(s).
Actually we have jumped to the 1st & most expensive place to buy a house now ; recently it was Japan. House prices are insane in Australia. They soared 2 & 3 times during covid.Then being told no % rate rises til 24; which I knew was baloney as America just lifted theirs! Then hit with 13 interest rate rises in a row???!!! A lot of people had no choice but to elevate rents to pay their mortgages. A lot of investor's are forced to sell due to the prohibitive costs which inturn will have a negative effect on housing too.A lot of people too carn't afford to keep their only home. There is a lot of homelessness now,the likes of which we have not seen since the 1930's . People with jobs sadly living in their cars & tents quietly moved on before daylight. All this & businesses going broke at an alarming rate. Perfect recipe for a Depression,as people carn't afford to purchase & keep businesses going.We are told not to spend due to inflation !!?? Govt's spending creates inflation not us fact. Plus Their red tape & taxes making it hard for businesses. What will the Govt & the ATO do to get their tax dollars that are dwindling day by day?!This should NEVER have been allowed to happen,& all in 'the land of plenty'. Whose running this ship?Where was their forethought? They have 'overcooked' the market with % rates too low for too long, then the soaring jump in house prices + 13 sudden crippling rises & on top of the cost of living crisis + global factors too!!? Only last year,I saw an unrenovated weatherboard house for sale in America for only $25 000 ! Similar house in South of Sydney 2.5 million!!! Not so long ago everyone could afford to buy a house be it modest or more lavish;& you got what you paid for.Now shacks that no one once wanted are selling for outrages prices!!House prices need to drop to allow true affordability, because this is not sustainable,& we are the talk of oversea's with our overpriced shacky houses.All the marker's are there for a big correction sorryvto say sadly.
It's a terrible place to live these days unless your extremely Wealthy.. housing,food , anything you want to buy is more expensive than other countries..I was born here ,but I hate the place . I've lived overseas too and I found that much better. Australia can be extremely boring too, it's very isolated. Social life here is very dull compared to OS. Basically life here is all about housing and working your complete life . The people who like it are the older generation who remember a great Australia, but don't be fooled there is a lot of brainwashing going on telling people it's the best country in the world.. that's not true at all, not even close too it.
How do I know ,I've lived in other countries and travelled to many places in the world and as said I was born in Australia! My plan is to get out permanently shortly
Keep the propoganda going and it will clear all the whingers out of australia there's lots of people who would love to live here . I'm a pensioner , i don't own a house, i'm not wealthy ,but i LOVE AUSTRALIA👍
It’s a recession after COVID which is expected. Everything will be ok again in a couple years. It’s a great country ❤
Yeah it was a good country. Today its infested with corrupt politicians and just ridiculously expensive with average quality.
The weather is great though.
It's really nonsense that there's no housing in a country with such a vast land area.
If they just remove some of the parks here and there and build apartments, it would become a new city. Australia is such a difficult country to live in.
The one big thing you didn’t mention, the state governments are very happy with the tax arrangements they get land tax, the federal government loses out with all the tax deductions while the state government doesn’t put much into housing commission accommodation.
Biggest winner is state, they also get more stamp duties with higher prices.
It’s called greed 😢and not giving a toss about anyone else. I’ve been in the building game for 40 years and it sucks. Governments don’t care because they all own a lot of houses. Insider trading. Independent overseeing is needed.😮
Aust is running the economy on property ,same as China did and see what happened to them ,America has already been through this ,Aust property market will crash eventully it can’t sustain this pace
Governments did not plN ahead. Immigration was out of control 600k migrants arrived last year alone.
I find your facs wrong at the moment overseas people wanting to live in Australia erasing out house prices and making me a multi-millionaire😂
Quality of life and cost of living is the reason l bought in Thailand.
It's simple, most federal and state government minister's own multiple rental properties. It's in there financial interest. Basically both government parties don't care about It's population, they are both bent. The Teals and the Greens are just as bad, if not worse.
The Teals & the Greens are just as bullied with bad propaganda - Capitalist's strongest tool :(
Australia is 80% desert. We just do dry farming very well but that is changing
"Thank Heavens",for that! It may give the homegrown locals, a break!
I like videos like this.
Hopefully it will lower the number of those who wish to come and live here.
Narrator keeps pronouncing Melbourne wrong. >.>
I am living the dream in Australia. I'm here to sfay.
Woke feminism isn't helping Australia 🌏
Rubbish
Can you please tell the millions of people still trying to come here why no-body wants to live here anymore !!!
Because their coming - fleeing from worse places.
@@maureensheppard3613 That does not entitle them to falsely claim asylum, tie up the legal system for years , lodge appeal after appeal costing over $100K of our tax money and then be found to not be genuine and be deported back home again at our expense while our own people sleep in their cars or on the streets.
Your comment makes no sense. The title of this video literally says no one wants to live in Australia. I guess people do want to live here then.
Any chance this is a good thing Straya.
Or
A rouse?
Whut? Almost 1m arrived in 1 year and it is nobody?
Australian cities have artificial walls around them called National Parks they stop development and push up prices of old housing stock even in Alice Springs they have surrounded the town with Parks ,yes in the middle of a huge empty desert. Sydney is a disaster waiting to happen the banks are poised to gobble up the housing stock after folks cannot afford a 1.5 million mortgage at 7.5% especially when they lose their job in the coming recession and then when you see that their parents have gone guarantee for the loan through ownership of their homes of 40 or 50 years and now live on a pension with a small cash savings of say 300,000 this money will be gobbled up by the banks and they will be forced to sell in a calapsing real estate market the future looks grim to me , my advice get out of the large cities asap or sell in Sydney now buy in cheaper Brisbane or were ever now for cash and hunker down to survive the coming storm God help us all
That's why countries like China have proper planning & their infrastructure is fast growing. They stopped property speculations & the people will learn (just like in Singapore) that bad behaviour doesn't work long term.
Sometimes, but very rarely nowadays, I see some cash in my account, and then the next minute it’s gone to the bank for the mortgage and bills😢
@@janestones323 With the Western warmongering, the process of energy & risks are rising, which affects the cost & safety of living. Blame the external policies that are commanded by the imperialists/oligarchs for increasing their profits in the immature race for exploitation.
Bingo. Eco Communism is real..
@@paulfri1569 & natural (both Ecology & Communities belong to Nature - universal god ;)
Be Asia 1st homeless
Truth. Spot on.
Everything mentioned is worst in Canada. Now add in shitty weather and a government class where
socialism means 'from each to the governing class."
governing class = Capitalism :(
My Solution?
I left Australia with family.
I will never return
Where did you go?
@@bharadwajah9517 We are going to give Finland a good go.
@@chimoshTo Russian Empire?
Australia is totally great. I love it❗️I choose to live simply so others can simply live.
Wages are to high that’s why it costs so much to live here ,compared to the rest of the world,we have no manufacturing,power is costly.
spot on ridiculous what tradesmen are earning
Best place is the USA. HAVE GUN WILL TRAVEL.
Your nation is the major reason why the world has been f***** up for 70 years. You're delusional.
Crooks in Canberra, ACT