@@Jigger2361 Anyone who thinks adding more people to a place with unaffordable housing is going to solve the problem is seriously a little bit rtdrded.
Its the same in the UK - the previous Conservative government promised low spending, and low taxes , but somehow managed to increase our national debt from £800bn to £1.4trn .. housing prices are out of control. We have far more billionaires than ever before, and they get away with not being taxed at the same rate as the rest of us. its f**ked
@@MrFastFarmerYou couldn't have lived in Australia for many years!!You don't know how it used to be when politicians actually governesses in the best interests of the nation. Bring back manufacturing. Labor and the unions killed it.
Yes it is but if you condemn it you are a far right racist British taxpayers are paying billions annually to support immigrants whilst we have to contend with reduced public services and a reduced standard of living with the cost of everything going up weekly.We now have a Marxist government who are treating the most vulnerable people with total contempt by taking away benefits that make their lives a bit easier whilst they have their heads deep in the trough grabbing as much as they can.
Rich foreign owned corporations own all our natural resources, slaving the population through no wage growth and massive immigration and paying no tax. Welcome to the lucky country.....
Hi, can you explain further? 😊I am in the other part of the world, and kind of isolated, not much contact with many people. Would be great listening from a native, how is it like there ? Thank you.
@@archerpiperii2690 From Tijuana to Toronto: largely it's Bank rates and ease of "qualifying" but even the US has this issue and it's system is much more flexible.
The problem is not immigrants, the problem is NIMBYs who restrict housing. If there is enough housing, everyone, migrants and locals, would have a LOT more disposable income that currently goes in the pockets of landlords.
@@prebensvensson3078 Crime has a solution - honest policing. But the problems described in the video - unaffordable housing, high inflation - are not caused by immigrant crime. They are caused by corporate greed and government inaction.
just got out of 2 years worth of homelessness here in Australia, can confirm that it's tough out here. can also confirm that the Australian government don't give a damn and no one is here to help you, but yourself...
@@terencefranks1688 I was homeless twice in Canada, and moved/lived in my van in a city with lots of jobs. (NOT an alcohol or drug issue). Circumstances have changed for me every decade. Thankfully, I've always had my strength and health and reliability, and functional literacy. But now? My second tour of Calgary the employment agencies skimmed 55% of a LEGAL payroll, and then I paid taxes on the REMAiNING. NOW the influx of new immigrants? One company I was a good fit for laid off ALL the Canadians including my native friend!!!! and KEPT the immigrants, who were NOT "plug and play" types. We were paid the same. I liked the management team, they tried, but they simply did not have the skills or education and weren't smart enough to ask questions.
Governance is a tough business in the west- the philosophical debate between liberty and security/opportunity is ongoing with answers coming from either side who never work with one another
But you won't find Abos homeless !!!!! $40 billion a year for 1.5% of the population just think of that. They even have their own hospitals now only for them !!!!! How racist is that ?
Its called mass migration. Migration in modest amounts is fine, but Australia has grown its population by 30% this century. Its cities cannot absorb the influx, and the locals are finally noticing this is a major problem. Too much demand for housing not enough supply. It isnt difficult to understand, but the Federal government likes to spin it. They only talk about supply, because they do not want to reduce immigration.
Blaming housing crisis on immigration is like blaming bush fire on the sun, while the real issues is negative gearing and law that benefits more on investment creating artificial house prices.
Right off the top of my head, think about the $40B per year that the taxpayer has to find and give to the pampered 3%. That's one million dollars multiplied 40,000 times, each year. Handed over to a people that owns 60% of the land. As a tax-paying Australian, I am no better than a slave, a second-class citizen.
@@vancouver63-p5w Some of the elders have confirmed they are buying land. The $40B buys a lot of land. Meanwhile, I have wasted the best years of my life paying off my shack.
Bolderdash. Stop talking sophomoric Socialist idiocy! The problem with Australia right now is that there is far too much Leftism polluting political thinking.
I know right? How dare our governments take in refugees! It's about time those from 3rd world countries took care of themselves! We need to find new governments with NO humanity and let those very less fortunate 'fend for themselves'. In Australia, most Aussies will no longer work in abbatiors, aged care facilities, factory work or any other low paying menial jobs!
I am a 7th generation Australian. I am 49 years old. I started out 3 years ago to get off the economic treadmill that is modern life. With very little start up money i purchased a run down abandoned farm in Western Australia. And set about rehabilitating it using techniques and tools my ancestors would have used. I lived in a shed / machinery workshop and slept in a Swag ( google australian swag if you do not know what that is ) I crapped in a bucket lined with a biodegradable plastic bag and showered under an off grid solar shower. 4 Truck batteries and a camping solar panel run a 70 litre Car fridge freezer and i cook on wood fire and hot coals. I now sell $150 K of fresh produce per year and growing the business. Dont sit and bitch about the economy. Just choose not to play in it.
There's a monopoly on land in this country and only the in crowd win, iv needed land for 40 years and never came close to getting any was lead around like a donkey after a carrot.
Well done and why the hell not. I’ve grown up in what was a little beachside suburb that 20 yrs ago was a joke to the big city dwellers, now they’ve taken over and the place has turned to shite. Not many are willing to live away from the coast and civilisation so they bitch about the need for more houses already overpopulated areas. I’ve never earned much more than and sometimes less than a basic wage, self employed for 25 years , but my family hasn’t suffered much. I guess I’m one of the greedy barstools that will have to sell at a greatly inflated price and get the hell out of dodge. Have a good one….
@@brucehayes7251 actually this isn't arcuate, when I was a teen there were tiny towns with barely any people all up and down the coast and when I bitched about how small the population still was in those towns in 2000 suddenly an influx of people from overseas took over and now there's barely standing room in 2024, so blame them
Spend some time in some other abominable countries and you will soon change your tune. Australia is a dream in comparison. Often, this moaning comes from people who have just had it too good for years and when situations change, they can not handle. Kick start your imaginations, renew your thoughts, do not blame foreigners, change your own attitude, work hard. Your lives will come good again. Housing in Oz is just a financial rip-off. If you are young do not fall for it. If you do not have the dough to buy a house, rent one till you do.
Its sickening to know just how much land we have yet there are lines for rentals up the street. Paying $700 a week on some shit hole rental that has had its value artificially propped up by rampant overseas investment and boomers treating houses as passive income and not a place to live. On paper we could be a glorious country, instead my entire generation has had that slice of the Australian dream ripped away from us.
Their locking all the land down under native tittle and selling to China now. I think to ensure it stays insane. Plus programs to increase foreign investment. Complete scumbags who are at the highest level of treason.
Because morons keep voting Labor/Liberal thinking things will change. Agenda 2030 isn't a conspiracy theory it's fact the W.E.F have a website explaining it all. Yet the steeple keep voting their doom.
In 1970 Australia's population was only 15 million... in 2024, 27 million. Almost doubled in 74 years. No surprise there is a housing crisis. Same in UK. Same in Canada.
Australian's used to say two things that we can no longer say... "It's a free country," and call ourselves "the lucky country" we are governed by corrupt WEF puppets! but they didn't get me and my kid's 💉💉💉💪💪
Yeah, you ozzies, toegther with NZ take the cake when it comes to the flu. And I don't think that was a mistake, that was carefully planned. If you had asked me who would be the last people to go along with that BS, I would've said the ozzies...
More and more families are living in their cars, and tents. People who earn over $100k leaving and moving to Asia and other countries, I have witnessed this myself with friends. If you think about moving to Australia to have a better life, think again! Do your own research.
Agree About homeless people So tell me Albosleezy will put 3 thousand Palestinians who he has allowed in Will live in tents or living under bridges Rusted on LABOR voters Will keep voting in this mob
The problem with Australia is Australians. If any politician had the balls to do something to secure Australia’s long term economic future they would be turfed out at the next election. Nobody votes for someone who is going to give you less free stuff now for a promise of a better life in the future.
Immigration has been good for Australia in the past, when industrious people were invited to come to Australia. However, the last 15 to 29 years has shown how inept our so-called leaders were. They invited MOSTLY non-industrious Muslims, etc who have proven to be hateful, divisive and welfare burdens, instead of providing the work forces needed in the country. Prime ministers of Australia, since Howard 20 years ago, have consistently degenerated the country by utter mismanagement of every facet of government in that time. Gaol is more suitable for them than the very nice pensions they have stolen from us for life.
Houses now are being built on blocks that have no land around them. You can barely see daylight out of the windows of new homes today. This is very wrong.
@@Quakeboy02 I was talking about Australia where there is room to move but the blocks of land are still getting ridiculously small. This in unnecessary. Fact is, they don't want to open roads and land up.
Natural resources, real estate, and a bit of agriculture is Australia's economy in a nut shell. Unfortunately, through mostly real estate, Australia is getting rich and dumber at the same time. Australian banks rely on mortgage lending to prop up their profits. There is no need to invest anywhere else. People just want to purchase multiple properties to make a profit. This also includes foreign buyers as well. 😊
Most of our money and economy stays afloat from mining and they are destroying that and letting corps take all our gas for free now. Quatar has 0 tax... 0! And they say they manage it by using gas taxes and royalties. We export more than they do now😢 scumbags.
Everybody is talking about migration but you are one of the few who talks about people buying a lot of properties. I’ve seen people even buying 15 or 30 properties to set AirBnb and make easy money. This takes these properties out of the rental market straight away and feeds the housing crisis to some extent. It is also a fact that not just a solely individual is doing this, there are thousands of them doing the same thing.
After being Held in a Covid camp and my Wife separately and forced to strip down and tested, It was at that moment i decided to Shut all my Businesses , All 314 of them . We employed 2715 people, across Australia. I managed to photograph all the People who Held us against our will , I found 4 so Far , Im looking for the others still to this Day, Revenge is sweet , YOU ALL KNOW WHO YOU ARE AND WHAT YOU DID …. WE WILL FIND YOU.
To be fair, 20 of the last 28 years have seen the LNP in power. Why, in all those years, didn't they do something about it? Not hard to get rid of negative gearing you know.
@@psidot Everyone is complaining about negative gearing but no one is complaining about hefty stamp duty the state governments charge. There should be no stamp duty for first home buyers.Just think about the amount of money government makes since most homes get sold more than once. I agree negative gearing should also be abolished.
@@mehmettemel8725 So how do you suggest replacing the billions of dollars that state govts will lose without stamp duty?? Maybe we just get rid of all police, ambulance, teachers, half the hospitals. How does that sound??
Went to Germany for 12 months on a career break but after 3 years I am still here and don’t plan to go back… The lifestyle is far superior here than in Australia, people are happier and things cost way less. The government here generally seems to work for its people and not for large corporations and wealthy individuals… It’s sad, as Australia will always be home but i just don’t feel optimistic about it anymore - the greed has permeated every level of society.
@@stbern16 it was a bit complicated but essentially here are the steps: 1) find a Job in your field- needs to be skilled work 2) when you travel to Germany find a temporary residence that offers an ’Anmeldung’ which is like a sort of city registration 3) apply for a work visa through the foreign office and then a few weeks/months later you will get your work visa which is valid for 4 years. The system is complex and obviously more steps than that but essentially that was it in a nutshell. Also I arrived in Germany with a tourist visa and will likely extend my working visa longer once it expires.
Can’t believe you Aussies are putting up with such nonsense. You were always the people seen by the rest of the world to take no BS from your politicians. What went wrong?
The Australian colonial government supervised by the colonial governor general on behalf of the English king never nationalised the mineral resources. The profit of over 400 billion dollars is not shared with its people but goes into private hands of few. Australians are heavily taxed in all kinds of taxes, have to pay for childcare, kindergartens, and universities. The healthcare is not free. There is no universal dental coverage. Gas and electricity are very expensive. Australians pay three times more than Chinese for electricity that is generated from Australian coal. A very different picture to the systems in other rich in mineral resources countries like Saudi Arabia, Brunei or Qatar. Corrupt government exploiting the land and people.
Gough Whitlam tried nationalising our resources and the CIA orchestrated a coupe with Kerr and Fraser.....every other Prime Minister since has towed the line
That's how neoliberalism works everywhere.. for the big corporations who run government through their influence... no democracy anymore. Not in the West at least
@@loft27ss When Gillard tried to impose a modest "super profits tax" on the mining industry then experiencing a huge boom, all hell broke loose. When Whitlam tried to regain control over Australia's mineral wealth, the CIA conspired to overthrow him. When Kennet privatised the gas industry in Victoria, the private companies made more profits selling to overseas than locally and the govt didn't ensure protections for the local market (like they did in WA). There's a pattern here.
The cost of building houses in Australia is not outrageous, it's the cost of land - ludicrous when you think how much land there is and how small the population is.
When you price people out of a decent life, you are eventually going to get backlash. Already, so many people are constantly angry, basic manners have gone out the window, people are meaner than they used to be
Fuck man this guy saying we are apathetic annoyed me, mate we fucking hate our government & corporates. Not a single fucking person I know has said anything good about our government,
@@myanbeach Because you want to live in a place which is cheap and with no regulations. South Sudan, brain trust, much worse than Sudan without the religion. Pure freedom from government, imbecile.
The way you ended the video on Aussies basically pulling their pants down and bending over for the gov spoke to me so much, I’ve always felt like I should’ve been born in the USA as I value freedom and capitalism while everyone around me values big gov control and basically communism. I don’t know why Aussies are like this, you could extrapolate even further away from government and economics but Aussies also don’t like when friends are going through it or upset, they don’t console and let you vent they try to snap you out of it with this “be positive” mantra or “don’t trauma dump on me, you’re being negative”, some things life are negative and bottling it up and pretending somethings ok when it’s very much not is what extremely unhealthy!
There's nothing more tragic than a nation falling apart not because of inevitable issues like lack of resources or natural disasters but simply because of human stupidity and greed.
As an Australian, I beg to differ on the understanding that Australians don't complain. On the contrary; we do ceaselessly. What we don't do is attempt to actually fix the problems that cause the complaints.
i give you 100% for truth mate and my respects . ive lived here 45 years and agree with your observations........ Aussies in general work to hard to be treated like they / we are , action organized is the only way to greener pastures . waving signs at protests does fk all imo , 🍻
@@johney3734 how do you come to this conclusion? You might be getting confused with property developers holding on to houses and leaving them empty. Joe blog landlords are renting properties out and giving people more options to live.
@BiPhBiPhBiPhBiPh Incorrect. Not everyone can afford to buy houses. The interest rate is 7%, and they assess us at 3% higher. We have a huge house shortage, and we are letting way too many new people into the country. New people who need to rent. Whether you like it or not, joe blog investors (not to be confused with corporate investors) are the only reason houses are buying built and supply is being given to those that need it. The government isn't helping with the housing shortage they are the exact problem, investors are the next best thing to help.
@@GERS316 thats not a thing.. landlords take homes from family's they offer nothing to the economy and need jail time!!!!!! 10 years jail for each year they steal rent per home
I work on new builds and the demand is limitless, I could work forever and it won’t make a dent. These new homes that they want built to reduce the cost of housing is a lie, they’re all being built by investors, sold immediately and/or rented out at $1000 per week. They sell for a minimum of $1,000,000 no matter where they’re built. The quality is lacking, they’re rapidly built and they’re shrinking the land size while tripling the value somehow
"Affordable" housing such as mobile homes have long been bought out by private equity which is why so many people can no longer afford their mobile homes. Rich people are literally unaliving the less fortunate
Blackrock is buying up all the property around the world for the ultrarich, renting it back at sky-high prices, making them ever more billions to buy mega yachts and mansions.
Australia has lacked a strong leader. Over the past 30 years, most of the prime ministers could be seen as second-rate leaders as they were often chosen by the party rather than being the preferred choice of the people.
This is not just an Australian problem, we in Europe are suffering the same WEF agenda ridden policies. Our governments do not have our best interests at heart. Don't trust them, vote for independents where possible and above all don't let them take away your free speech. We are not dissidents we are concerned citizens, there is a difference.
As much as I hate Americans talking about other countries,this report is right.Sadly as a 60 yr old Aussie I feel this place will decline even further soon,we are not considering the younger generations coming through due to greedy greedy people.
I understand why you don’t like to hear an American identify problems in your country, but the situation is nearly identical in the USA. Both countries have utterly destroyed their middle classes.
It's the Americans who have influenced countries like the UK - the latter is getting rid of it's safety net for the vulnerable so pretty soon poor people in the UK will be thrown out onto the streets left to die in the gutter
lol. It’s unbalanced and you obviously only have working class clients. How you see Australia depends on what side of the fence you sit. Life in Australia is fantastic if you’re wealthy.
@Epoch_Edge_ the fact that you have footage of Sky News, Steve Price and Channel 9 shows that your research is unbalanced. If you're going to do a video on a country you know little about, obtain a cross section of information first.
Why is it the a lot of the people that come to Australia from poorer countries do very well financially. And the locals continue to complain about life being tough. My parents move us to Australia in the sixties from the UK dad tried but didn’t do that well but he managed to build his own house and had a stable job . I worked in factories as a metal worker saved my money bought an old house.I owned my house along with my wife before I turned 30, then we started a family.all I’m saying is plan your lives create stability your self and don’t rely on others It’s all there just learn how to understand how it works. My children have listened and are doing very well. Don’t fall in the trap of blaming the Government it’s all there for the taking just work and plan for it.
UK is now driven by immigration with huge amounts of money spent on housing immigrants and their social support having now used up a significant amount of hotel accommodation, armed forces accommodation and conversions of office and factory areas and caused a large spike in unemployment, and Government policies designed to impose massive surveillance and control on the populace. House prices are astronomical with rents rising in accord but the labour party is now trashing the home rental sector with ridiculous laws of client possession and rent controls which may see a massive offloading of once rented properties which could flood the homes market and tumble prices leaving mortgage providers with large numbers loss making unsaleable homes. Another huge financial crash could ensue.
This has been on the boil for 30 years and more. I predicted this 20 years ago. I met with politicians for all backgrounds and was laughed off and told "things dont get better than this, we are the lucky country". The fix for this is gunna be cruel and harsh. Governments from local to state and federal are all to blame. Im nearing retirement and im sad to see what has happened.
The flaccid Australian dream was shaped by Government policies over the last 60 years that have left nothing other than low quality housing stock for Aussies to aspire towards… it’s a pathetic situation. Negative gearing was merely a GDP-growth taxation discount that, like capital gains tax discounts that Australia copy/pasted from the UK, simply spike up prices for old/existing (1980s?) houses. Remember the 1960s UK recession that most Brits have forgotten? Australia is stuck in an endless loop of that and other royal British mistakes - the now-deflating Chinese growth spur propped up Australian mediocrity for two decades, but now the idiot-party’s over and out.
Population, 23 yrs ago house in hunter valley nsw could be yours from $30,000 if you weren’t scared of working on it, 13 years ago closer to Dubbo,half acre $50,000,4 yrs ago $90,000 for quarter acre and house close to NSW /Victoria border. All were in need of love but the biggest problem was no bloody beach , sometimes no water or amenities, stuff civilisation and look to the boonies, not as cheap as it was, COVID fixed that as lots ran to the safety of the bush but I worked on a 300 acre property that cost the same as a 450m2 block on the coast, only took 2 hrs to get there
Fifty years ago I could have gone to pick fruit, I was invited, the job was posted with our government job board in canada and airfares were covered, I should have gone, I would be safely retired in paradise now..
Ridiculous policies by governments overspending on ridiculous projects and total greed by governments is the curse of every person in every country in the world.
High-priced homes do not create wealth, it's just a form of money laundering. Now financial success is largely a function of geography, not accomplishment. It’s destructive because of the inequality that results: with so much wealth concentrated in the home, it stays with those who already own a house and within their families. For someone with little or no family housing equity behind them, it’s virtually impossible to break out of the cycle and build new wealth. It will be impossible to return the price of housing to something less destructive - preferably to what it was when my parents and I bought our first houses - without purging the idea that housing is a means to create wealth as opposed to simply a place to live.
If you don't think this is just another piece of the puzzle that has been planned you would be one of millions that can't see what's in plain sight. it's all going to get considerably worse.
Curruption is high, productivity is low, everything is unionised, plumbers earn as much as IT professional, nuclear industry prohibited by law, and the constitution of Victoria prohibits companies from fracking, red tape everywhere… anything I missed?
And what happens when the I.T professional or the nuclear physicist has a blockage in the crapper or the house needs work, EVERYBODY gets more money and prices go up.
@@philipfrazee5661 Exactly. Some of the BS people come out with on the internet 😆. It is amazing how many simple minded people get owned by billionaire propagandists such as Murdoch and Kerry Stokes.
Before move to the USA, my biggest dream was to live in Australia, and that dream kept until 2020 when the "Chinese Microbe" hit the World and I saw Australia showing its extremely dictatorship's style to deal with the situation. People had no right, the Government didn't respect their rights and imposed all possible unacceptable orders turning its people in local "slaves". After that the results we can clearly see.
Many contributing factors to housing costs exploding here but a key issue are the tax incentives for property investors. Housing has become a financial bonanza for developers, private and institutional investors. So many snouts in this trough that winding back these incentives has become politically impossible. A large downturn in property prices would create a financial crisis of huge proportions now. The housing bubble must remain inflated at all costs and the RBA and politicians are well aware of this. No surprise many retirees are fleeing the country for more affordable options.
@nolaspeaker5656 PM Gough Whitlam was a major change introducing social reform. PM Bob Hawke restructured the unions, making it easy to defeat them. PM Paul Keating took the Ausralian Dollar off the Gold Standard. Introduced private superannuation to phase out the aged pension. Aside from some name-calling and pantomime to fool the public, there is no real government opposition. Two sides of the same bad penny.
The problem with the Australian housing market in recent years largely stems from the depreciation of the Australian Dollar (AUD), which has fallen from $1.10 USD in 2010 to just 66 cents today. This decline is partly due to the Reserve Bank of Australia (RBA) maintaining low interest rates to stimulate the economy. While this policy aims to boost exports by making Australian goods cheaper for overseas buyers, it also contributes to inflation and diminishes domestic purchasing power. Consequently, property values that may seem inflated are actually worth less in real terms compared to a decade ago when adjusted for inflation and currency depreciation. This creates a complex situation for both investors and homeowners, as the perceived value of real estate doesn't always reflect the underlying economic reality.
@CA999, probably, mate. When you compare AUD 100K to only about $70K USD, and consider that the average house in Sydney costs $1.5 million-around $1 million USD-it’s no surprise that our country is struggling. Many people can barely get ahead financially.
@@DJarvis1987 all you said was correct , but theres a force higher that manipulate and want current conditions which is simultaneously happening across the west at large i wont get into it here as the topic is massive (im sure your aware ) personally i wish brics nations and the global south strength in rising as a counter balance to this western force pushing this situation , the brics system ( brazil china russia india south africa and many other nations) now on board and global south alternative being built who in my opinion are more focused on cooperation rather than global domination led primarily from Washighton and military and its financial elite interests industrial complex etc etc .... interestiong note china in last 20 years has risen 800 million people out of poverty , that a feat no one in history has done before they are steaming ahead on so many fronts but not according the western media , which is why afet 16 years research i know you can not rely on western media for truth as they push the china threat etc etc for washington . ill leave it there as its a complex at length talk 👍
Australia literally has food shortages. From week to week different products will be impossible to find. A few weeks ago you could not get potatoes to make chips and this week you can’t get eggs in bulk in the commercial space. We are definitely not food secure.
... and the range of options for everything is shrinking. Almost all of the favourite items I used to buy regularly have disappeared. So far I am able to substitute with other similar items, but this is not exact substitution, I have to compromise on quality, ingredients or price. No new versions of similar items are appearing. There is definitely something going on in the food supply chain reducing availability of everything... but if you read the news, crickets on this 🤷♂
Australia has always been under the control of the Fabian Socialist and the Club of Rome, easy research will find many PMs and other minsters were/are members.
Best comment ever....a lot of people do not that some things are by design. They know what they doing. Only those who believe in prophecy....laid up well before...us so that we be wise.!!!! But how people never take time to find the truth. It will intensify. God have mercy
Like a lot of other countries, Australia was sooooo nice 30 years ago. Until the bicycle helmet crew took over. Those non-smoking helmet guys destroy absolutely everything.
Been twice to OZ with a sizeable gap in between visits noticed the difference right away on the second visit,people struggling to get on the property market and prices for everything had jumped drastically,second hand car prices are outrageous great country but heading like the rest of the western world into stagnation
There's also severe urban sprawl here. Most Australians think they need a large backyard, a pool, several spare bedrooms, and an industrial sized kitchen bigger than their local cafes operate. Many won't accept anything less, even though it's a burden to maintain.
Oh and that means, property builds take 3+ months by organised crews. Building codes are also very restrictive and the approval process is arduous and lengthy, even for experienced builders. Many people are perfectly capable of building a small home, but it is now our culture that you don't do that. You can't buy a very small block of land, and if you do buy one of the smaller ones you build a multistory home to the very edge. Part of that is justifying purchasing your own home as an investment with the floor area and bedroom count being crucial to future sale price. So your choice here is a mini-mansion or a tent.
Things will not get better “better”. If we continue this way the economy will totally collapse in due time. We can’t live with these costs for a much longer time. Consumer spending has slowed and will slow even further causing business failures. Lowering the interest rates in this country will result in even higher property prices and inflation because not everyone is doing badly. There are seemingly enough people with some capital to keep buying up the houses even at these insane unpayable prices. Mark my words lowering rates here will result in further disaster and increase inflation again. Basically we are fucked in terms of cost of living. Alternately a massive property crash will create a debt crisis so big that it will bring down everything with it. However it’s sunny and warm and we have beaches and easily obtainable medical pot. And the life expectancy has now increased to almost the mid-80s which means huge long old age pension and medical bills paid by the taxpayer. Close to 30% of the adult population claims some type of government benefits. Our disability scheme is bankrupting us. The reason we raised the retirement age without hassle is because no one an afford to retire at 65 anyway.
Has anyone else noticed how its the cost of home ownership that is basically killing the middle class, and all of the first world countries suddenly have had massive increases in house prices. Wonder why.
I'm glad I'm living in Europe Over the last two years, 780,000 people from non-Western countries have settled here, willing to take low wages and driving up the cost of rentals. Walking through the city, it’s rare to see anyone with blue eyes these days. If you're not born into wealth, you’re basically stuck. And let’s be honest, when your culture revolves around drinking, sports, and little else, it gets a bit unbearable. Meanwhile, the out-of-touch boomers just say, “work harder” - ironic, considering their generation helped create a lot of these problems.
70% of Dubai are foreigners. Millions of people are literally non-Emirati. The Arabs are a minority in their own nation. They've got Europeans and Asians. But people are making it cause the culture doesn't revolve around getting smashed at the bar every weekend.
A.ways blame the boomers , hard work ,saving and paying cash that was the way we were. Growing vegetable ,Home cooked meals , sewing and mending clothes ,saving up for anything we needed .
@ehawolczecki8759 nah, you have the most entitled generation. Useless policies and non-stop govt debt funding your life in the 1980s and 1990s has made the currency weaker and passed on higher taxes to the current generation. And the same useless policies are going to make it harder for the next gen unless there's a hard reset.
@@dnajournal4321 how did the government fund our lives? No one gave us anything we didn’t work and save for . Maybe this generation could live by their means, get rid of the credit cards for a start. Anyway I hope your happy in whatever your doing .
Culture of complacency and apathy is absolutely a massive problem here. So hard to get people out on the street on more serious structural issues as outlined here
total agree mate . industrial scale organization by common people is the only way to now turn this ship wreck , ive lived here 45 years but Aussies in general are way too compliant and rules indoctrinated in my opinion , thats what i see
This is so true. At work our real wages (adjusted for inflation) are only about 75% of what they were ten years ago. I try and explain this to colleagues at work and suggest they join the union so we can bargain for a better arrangement but with a few exceptions I get one of two responses: either fear or hostility. Fear because people these days have absolutely huge mortgages and so if they lose their jobs they feel their life will fall apart. They are too terrified to stand up for themselves. Hostility because a lot of people have been brainwashed by the billionaire owned media here into thinking that somehow their problems can be laid at the door of unions etc. They are so brainwashed that they fight to look after the interests of their plutocrat bosses instead of the wellbeing of themselves and their families. It is very depressing as it is difficult to see where any positive change is going to come from in the foreseeable future.
We have a preference for living in cities because there's no work in country towns and some of the affordable towns are little more than a collection of very run down old buildings with a very few residents who are on the dole. The property prices have become so bad I don't understand who is buying them these days. Our house was $800,000 10 years ago and now even a normal, basic place, not very nice, built in the 70s is at least the same price. I only own half of our house and have little hope of buying anything on my own now. I might be able to afford a 2 bedroom unit maybe, but the strata fees are prohibitive as greedy strata companies are charging outrageous amounts just to maintain a tiny bit of lawn. Its impossible here and I am in fear for my kids' future. If I can't buy houses for them all where will they live? Its very scary.
The problem is what is plaguing American and the UK. You have the wealthy from all across the globe as well as Wall Street hedge funds buying all the real estate in these countries.
Look at the US, Germany, were I came from, 43 years ago, and the UK, were my wife is from, she arrived 45 years ago. Which country today still offers the relative best life style, health care, education, opportunities etc.? Yes, our housing crisis is the biggest social issue Australia has ever faced....and I can't see a solution....unless we go back a few decades! Strip all councils nationwide of their planning/permit powers....allow every small landholder/family to build their own home the way they see fit....if it means a septic tank...and a dirt road....so what? Other than that, I reckon our problems are minute by comparison!
Aus has LITTLE WATER, we cannot supply enough water for people, so definitely no water for industry. Most of the country is desert. In actual usable land the area it would be less than UK. Aus is also now broke, we have debt at all levels of government (public) and personal (private). There is no chance of recovery as all resources are owned by overseas corporations.
Yup, "Most of the country is unusable desert" Big dust bowl. No thanks. And why are you guys still mining and using coal for electricity generation. Don't you have enough sun for renewable energy?! Carpet the desert in solar panels and you'd be good.
Why would they want to move there and be a part of this ? It seems to indicate just how bad things are in third world countries. Yet we sit here and complain about how high the prices are.
As someone from Africa, South Africa in particular. Most people here think Australia and most western countries are some kind of heavens because the media only show the good parts. It's only when people get to these western countries and they realise that it's not all sunshine and roses.
You clearly have no clue how immigration works. If only it was so easy... In the majority, those third world immigrants represent the top 1% of the populations they come from in both wealth and education. Their English might be spotty, maybe they lack eloquence, but they just as intelligent as you are, if not more. The entry requirements are rigorous, lengthy, strict, and expensive. Every one of these people has spent years working through the visa requirements. Once you get here, there are only a few paths to residency, and they are just as complex. If you're lucky, you have a job in a field that has an acute shortage of Australians. If you're willing to live in some painfully remote area for a bunch of years, there's a slim chance your application portfolio might get looked at favorably. No guarantees.
It's all because of greedy rich assholes (AKA investors) and capitalism run amok. It's the same thing here in Montreal. My kid just spent almost a million bucks on a house that was built in the 60s.
Everything stated in this video is dire, bleak, and understated in how true it is. Australian politicians are self serving, and the two choices are both the same. Real estate market in sales and renting is well under-regulated, and immigration is spiralling out of control. Coupled with low volume and speed building approvals, slowing construction, and a strange lack of development in non-major urban areas; the housing is going to get a lot worse yet. Australians also suffer under the "nanny state" and let the government walk over them. The country is in quiet shambles, and the people going to be a lot more screwed in coming years. The political system in Australia basically leaves everyday citizens with no real voice of change, and with changes only benefiting those in power. It is a false democracy. It is closer to being totalitarian government, that you can vote for the leader and party. However both do not represent the people, but the 1%. And the population just lie down and take it.
Why do all western countries seem to be doing the same thing? Amid soaring prices, they build less and less homes and import more and more people
Coordination between globalists
Nope , it is an anglo sexon pipe dream. Nada else. Own it.
@@Boababa-fn3mr And who owns the globalists and hates Whites? well that would be the small hats who control international finance.
The WEF.
They are run by the devil and they keep us hating to control us
Exact same thing happened in Canada. Housing is no longer affordable, middle class is shrinking poverty growing.
bring in more immigrants
Large government bureaucracy.
It’s happening in America too
@@Jigger2361 Anyone who thinks adding more people to a place with unaffordable housing is going to solve the problem is seriously a little bit rtdrded.
Its the same in the UK - the previous Conservative government promised low spending, and low taxes , but somehow managed to increase our national debt from £800bn to £1.4trn .. housing prices are out of control. We have far more billionaires than ever before, and they get away with not being taxed at the same rate as the rest of us. its f**ked
We are under the control of The World Economic Forum
What delusional bullshit
Exactly, same here in Canada
@@MrFastFarmer HA HA, WAIT AND SEE.
We must fix this now and the UN ( and Agencies) is exploiting Australia. TAKING us down to THIRD WORLD.
@@MrFastFarmerYou couldn't have lived in Australia for many years!!You don't know how it used to be when politicians actually governesses in the best interests of the nation. Bring back manufacturing. Labor and the unions killed it.
1986: Dire Straits in Australia.
2026: Australia in dire straits.
ps. great comment 👍. "industrial disease"
lol!!! homes were cheap in 86.
@@Unfluencer. However in 1986, I didn't think they were cheap.
@@PlumbBob-FGX In terms of price to income ratio, they were cheap.
😂😂😂😂😂
The exact same immigration policy is happening here in the UK.
Yes it is but if you condemn it you are a far right racist British taxpayers are paying billions annually to support immigrants whilst we have to contend with reduced public services and a reduced standard of living with the cost of everything going up weekly.We now have a Marxist government who are treating the most vulnerable people with total contempt by taking away benefits that make their lives a bit easier whilst they have their heads deep in the trough grabbing as much as they can.
Because 60mln kok sukers sitting at home and watching 😅 do something or keep watching
Rich foreign owned corporations own all our natural resources, slaving the population through no wage growth and massive immigration and paying no tax. Welcome to the lucky country.....
They don't even own it. Our gutless self serving government give it to them, thanks to Murdoch media
👍
And most of it sold out by corrupt politicians !
Food is weponised.
It is also gross incompetence of politicians and greed of banks and foreign capital.
An Australian here, i can categorically state it’s absolutely horrible living in Australia at the moment.
Aussie here can't agree more with you.
Brit here your absolutely right it’s a horrible place
It’s the same in Britain. The stiff upper lip has been treated like ‘they don’t mind, so let us elites make it better, just for us’
Hi, can you explain further? 😊I am in the other part of the world, and kind of isolated, not much contact with many people. Would be great listening from a native, how is it like there ? Thank you.
@@tararoasteven mick Dundee can't help you guys..a pity...micks da man🎉🎉
Politicians put Australia in this position underwritten by the stupidity of the voters listening to anyone saying what they wanted to hear.
That exact sentence/sentiment applies to America as well.
I hope our respective people will wake-up!
It goes to show that democracy doesn't work.
@@archerpiperii2690 From Tijuana to Toronto: largely it's Bank rates and ease of "qualifying" but even the US has this issue and it's system is much more flexible.
Sounds familiar
The way Australia is expanding its army including nuclear subs steers the economy toward being a war economy. A war economy is not sustainable.
ALL THE TAX-PAYERS MUST PAY FOR ALL THESE FAKE IMMIGRANTS....MADNESS....
The problem is not immigrants, the problem is NIMBYs who restrict housing. If there is enough housing, everyone, migrants and locals, would have a LOT more disposable income that currently goes in the pockets of landlords.
@nikolatasev4948 the poor english people are paying for illegal crimal immigrants
TOTALLY MADNESS
@@prebensvensson3078 Crime has a solution - honest policing. But the problems described in the video - unaffordable housing, high inflation - are not caused by immigrant crime. They are caused by corporate greed and government inaction.
MY FATHERS GENERATION WAS ABLE TO PAY OFF A HOUSE WITHIN 10 YEARS ON 1 WAGE..HOW THINGS HAVE CHANGED...AND NOT FOR THE BETTER.
just got out of 2 years worth of homelessness here in Australia, can confirm that it's tough out here. can also confirm that the Australian government don't give a damn and no one is here to help you, but yourself...
much the same throughout the western world nowadays ......
@@terencefranks1688 I was homeless twice in Canada, and moved/lived in my van in a city with lots of jobs. (NOT an alcohol or drug issue). Circumstances have changed for me every decade. Thankfully, I've always had my strength and health and reliability, and functional literacy. But now? My second tour of Calgary the employment agencies skimmed 55% of a LEGAL payroll, and then I paid taxes on the REMAiNING. NOW the influx of new immigrants? One company I was a good fit for laid off ALL the Canadians including my native friend!!!! and KEPT the immigrants, who were NOT "plug and play" types. We were paid the same. I liked the management team, they tried, but they simply did not have the skills or education and weren't smart enough to ask questions.
Governance is a tough business in the west- the philosophical debate between liberty and security/opportunity is ongoing with answers coming from either side who never work with one another
might not be helpful, but Graham Hood (Hoody) seems to be trying to get folk together (Club Grubbery).
But you won't find Abos homeless !!!!! $40 billion a year for 1.5% of the population just think of that. They even have their own hospitals now only for them !!!!! How racist is that ?
Its called mass migration. Migration in modest amounts is fine, but Australia has grown its population by 30% this century. Its cities cannot absorb the influx, and the locals are finally noticing this is a major problem. Too much demand for housing not enough supply. It isnt difficult to understand, but the Federal government likes to spin it. They only talk about supply, because they do not want to reduce immigration.
Crime has also skyrocketed.
It's happening in every european majority nation, its a plan by wef
Excess demand is the true story of the entire housing boom and now, crisis.
Blaming housing crisis on immigration is like blaming bush fire on the sun, while the real issues is negative gearing and law that benefits more on investment creating artificial house prices.
@@k.vn.k no, it's all of the above including immigration
Right off the top of my head, think about the $40B per year that the taxpayer has to find and give to the pampered 3%.
That's one million dollars multiplied 40,000 times, each year.
Handed over to a people that owns 60% of the land.
As a tax-paying Australian, I am no better than a slave, a second-class citizen.
I want to know where all the money goes for indigenous people?
@@vancouver63-p5w
Some of the elders have confirmed they are buying land. The $40B buys a lot of land.
Meanwhile, I have wasted the best years of my life paying off my shack.
Money laundered back to the Vatigan , Marfia
Indeed. The LNP were only too happy to gift $40bn to profitable companies during covid who didn't need it. So how does that gift sit with you?
Bolderdash. Stop talking sophomoric Socialist idiocy! The problem with Australia right now is that there is far too much Leftism polluting political thinking.
Same in the UK here. The government coughs up £7 million per day to house refugees in 4 star hotels. The whole world seems to be screwed up
Saudi and Poland are best. They care about there own people first rather than importing jihadi
A Refugee is a Refugee, a Migrant is a Migrant, completely different species !!!
I know right? How dare our governments take in refugees!
It's about time those from 3rd world countries took care of themselves!
We need to find new governments with NO humanity and let those very less fortunate 'fend for themselves'.
In Australia, most Aussies will no longer work in abbatiors, aged care facilities, factory work or any other low paying menial jobs!
Well done on missing the point of the video.
@@virtualworldsbyloff very easy to be classed as a refugee, they said all the venezualans are refugees, basically because they were skint.
I am a 7th generation Australian.
I am 49 years old.
I started out 3 years ago to get off the economic treadmill that is modern life.
With very little start up money i purchased a run down abandoned farm in Western Australia. And set about rehabilitating it using techniques and tools my ancestors would have used.
I lived in a shed / machinery workshop and slept in a Swag ( google australian swag if you do not know what that is )
I crapped in a bucket lined with a biodegradable plastic bag and showered under an off grid solar shower.
4 Truck batteries and a camping solar panel run a 70 litre Car fridge freezer and i cook on wood fire and hot coals.
I now sell $150 K of fresh produce per year and growing the business.
Dont sit and bitch about the economy. Just choose not to play in it.
Good on you! However not all people are capable of doing this!
There's a monopoly on land in this country and only the in crowd win, iv needed land for 40 years and never came close to getting any was lead around like a donkey after a carrot.
Well done and why the hell not. I’ve grown up in what was a little beachside suburb that 20 yrs ago was a joke to the big city dwellers, now they’ve taken over and the place has turned to shite. Not many are willing to live away from the coast and civilisation so they bitch about the need for more houses already overpopulated areas. I’ve never earned much more than and sometimes less than a basic wage, self employed for 25 years , but my family hasn’t suffered much. I guess I’m one of the greedy barstools that will have to sell at a greatly inflated price and get the hell out of dodge. Have a good one….
@@brucehayes7251 actually this isn't arcuate, when I was a teen there were tiny towns with barely any people all up and down the coast and when I bitched about how small the population still was in those towns in 2000 suddenly an influx of people from overseas took over and now there's barely standing room in 2024, so blame them
Spend some time in some other abominable countries and you will soon change your tune. Australia is a dream in comparison. Often, this moaning comes from people who have just had it too good for years and when situations change, they can not handle. Kick start your imaginations, renew your thoughts, do not blame foreigners, change your own attitude, work hard. Your lives will come good again. Housing in Oz is just a financial rip-off. If you are young do not fall for it. If you do not have the dough to buy a house, rent one till you do.
All going according to plan across "the west," almost completely unimpeded.
western people have'nt stood up to this,over decades,which is why it's at full speed now ....
5 zionist eyes are ear marked for depopulation (((agenda 2030)))
Spot on .
If Australians keep asking the government to fix it, the government will own you.
A government cant fix anything, just make it worse!
The government f**ks it.
Its sickening to know just how much land we have yet there are lines for rentals up the street. Paying $700 a week on some shit hole rental that has had its value artificially propped up by rampant overseas investment and boomers treating houses as passive income and not a place to live. On paper we could be a glorious country, instead my entire generation has had that slice of the Australian dream ripped away from us.
It's disgusting what's happened here.. Once upon a time it was work pubs and beaches.. now it's dog grooming cafe's and asians
How many Aussies drive Asian made cars, vans, trucks. Do you own one.
Their locking all the land down under native tittle and selling to China now. I think to ensure it stays insane. Plus programs to increase foreign investment. Complete scumbags who are at the highest level of treason.
Because morons keep voting Labor/Liberal thinking things will change. Agenda 2030 isn't a conspiracy theory it's fact the W.E.F have a website explaining it all. Yet the steeple keep voting their doom.
We have lots of land, but no water
In 1970 Australia's population was only 15 million... in 2024, 27 million. Almost doubled in 74 years.
No surprise there is a housing crisis. Same in UK. Same in Canada.
You are not very good with numbers. Australia's population has doubled in the last 50 years
@@bert23337 Thanks. I appreciate your moronic criticism 🙂
Agree but here in England we let anyone in .
54 years you meant.
Thank you, and isn’t it strange population is never mentioned as a potential reason for house/rent prices spiraling out of control
The Great Replacement is on full display in Australia.
And in Canada
Xenophobic racist trope. Brainwashed Rupert Murdoch weirdos.
Britain is lost
Australian's used to say two things that we can no longer say... "It's a free country," and call ourselves "the lucky country" we are governed by corrupt WEF puppets! but they didn't get me and my kid's 💉💉💉💪💪
So what did you do? Piss off to Pitcairn Island?
LOL, the expression "the lucky country " was originally a dig at Australian complacency.
They will.
Yeah, you ozzies, toegther with NZ take the cake when it comes to the flu. And I don't think that was a mistake, that was carefully planned. If you had asked me who would be the last people to go along with that BS, I would've said the ozzies...
You are absolutely right. How many people realise that. We are screwed as a nation. Politicians in this country are puppets to the,WEF.
More and more families are living in their cars, and tents. People who earn over $100k leaving and moving to Asia and other countries, I have witnessed this myself with friends. If you think about moving to Australia to have a better life, think again! Do your own research.
You will see a lot of Kiwi's moving over when they will get 40%+ more money for the same job!
@@mcgruff3309 ... yes, but what if they work out they need to spend 60%+ more to live here
living on the streets while immigrants and fake refos live in Taxpayer funded accommodation
@@mcgruff3309 already A LOT where have you been ?
Agree
About homeless people
So tell me Albosleezy will put 3 thousand Palestinians who he has allowed in
Will live in tents or living
under bridges
Rusted on LABOR voters
Will keep voting in this mob
The problem with Australia is Australians. If any politician had the balls to do something to secure Australia’s long term economic future they would be turfed out at the next election.
Nobody votes for someone who is going to give you less free stuff now for a promise of a better life in the future.
Yep because people don’t trust politicians enough to believe they would do that instead of using it as an excuse to take more from you
Well said !!
NEWSFLASH: nobody gives anything to Australians free.
Stop consuming all that alt-right and LNP propaganda. Murdoch media rots one's brain.
@@janinapalmer8368 BS
@@robstone4537 that's "democracy" everywhere... people vote for their immediate interests
Immigration has been good for Australia in the past, when industrious people were invited to come to Australia. However, the last 15 to 29 years has shown how inept our so-called leaders were. They invited MOSTLY non-industrious Muslims, etc who have proven to be hateful, divisive and welfare burdens, instead of providing the work forces needed in the country. Prime ministers of Australia, since Howard 20 years ago, have consistently degenerated the country by utter mismanagement of every facet of government in that time. Gaol is more suitable for them than the very nice pensions they have stolen from us for life.
This migrants are encouraged to come by world juwry
Houses now are being built on blocks that have no land around them. You can barely see daylight out of the windows of new homes today. This is very wrong.
Population grows geometrically. If you knew what actually means, you wouldn't have any surprise at what's happened literally everywhere.
@@Quakeboy02 I was talking about Australia where there is room to move but the blocks of land are still getting ridiculously small. This in unnecessary. Fact is, they don't want to open roads and land up.
A country of tents ...welcome to Feudal Australia...😂
serfdom.
@@adiintel1have you been to LA?
@chookie131 nah I'm not rich or American.
I beat ya to the tent.
@@chookie131 Mate, nothing can beat Australia, 5 million dollar Dog houses in Sydney
Natural resources, real estate, and a bit of agriculture is Australia's economy in a nut shell. Unfortunately, through mostly real estate, Australia is getting rich and dumber at the same time. Australian banks rely on mortgage lending to prop up their profits. There is no need to invest anywhere else. People just want to purchase multiple properties to make a profit. This also includes foreign buyers as well. 😊
Most of our money and economy stays afloat from mining and they are destroying that and letting corps take all our gas for free now.
Quatar has 0 tax... 0! And they say they manage it by using gas taxes and royalties. We export more than they do now😢 scumbags.
And education....zero ability to innovate
@@mknights33speak for yourself!
Just stop sending money to line scammers, then.
Everybody is talking about migration but you are one of the few who talks about people buying a lot of properties. I’ve seen people even buying 15 or 30 properties to set AirBnb and make easy money. This takes these properties out of the rental market straight away and feeds the housing crisis to some extent. It is also a fact that not just a solely individual is doing this, there are thousands of them doing the same thing.
When the world is ruled by bankers and military industrial complex this happened in every country.
In the west yes, look east and things appear somewhat better.
More like leftist politicians.....
Look east, and everything is worse!
@@bobanderson6656 no both sides in US they vote for right wing politicians and remain the same. Poverty is rising there
After being Held in a Covid camp and my Wife separately and forced to strip down and tested, It was at that moment i decided to Shut all my Businesses , All 314 of them . We employed 2715 people, across Australia. I managed to photograph all the People who Held us against our will , I found 4 so Far , Im looking for the others still to this Day, Revenge is sweet , YOU ALL KNOW WHO YOU ARE AND WHAT YOU DID …. WE WILL FIND YOU.
I expect you follow Graham Hood and John Larter.
@@pamelafrancis4476 Don’t know them, And i don’t follow anyone.
Nurse, come quickly. Mr Davies is out of his room again.
@@johnhutchins5448You drank the Kool Aid.
Similar to Canada. It's the politics. Just as simple. Must get rid of the WEF puppets.
When you have a current govt whose sole objective is to destroy the standard of living in the country what do you expect?
To be fair, 20 of the last 28 years have seen the LNP in power. Why, in all those years, didn't they do something about it? Not hard to get rid of negative gearing you know.
Extends well beyond the current
Same in Canada
@@psidot Everyone is complaining about negative gearing but no one is complaining about hefty stamp duty the state governments charge. There should be no stamp duty for first home buyers.Just think about the amount of money government makes since most homes get sold more than once. I agree negative gearing should also be abolished.
@@mehmettemel8725 So how do you suggest replacing the billions of dollars that state govts will lose without stamp duty?? Maybe we just get rid of all police, ambulance, teachers, half the hospitals. How does that sound??
Went to Germany for 12 months on a career break but after 3 years I am still here and don’t plan to go back… The lifestyle is far superior here than in Australia, people are happier and things cost way less. The government here generally seems to work for its people and not for large corporations and wealthy individuals… It’s sad, as Australia will always be home but i just don’t feel optimistic about it anymore - the greed has permeated every level of society.
I agree, Melbourne especially is a dark place
Yes greed has overshadowed every aspect of Australian life unfortunately it is very different from the Australia I have always known and loved.
May I ask how you have been able to stay over the 90 days?
@@stbern16 it was a bit complicated but essentially here are the steps: 1) find a Job in your field- needs to be skilled work 2) when you travel to Germany find a temporary residence that offers an ’Anmeldung’ which is like a sort of city registration 3) apply for a work visa through the foreign office and then a few weeks/months later you will get your work visa which is valid for 4 years. The system is complex and obviously more steps than that but essentially that was it in a nutshell. Also I arrived in Germany with a tourist visa and will likely extend my working visa longer once it expires.
That's not entirely true. The only things cheaper here are booze and cigarettes. They definitely aren't all happier.
Houses and holes .no real economy
You forgot to mention raping the sea and land for foods
You forgot the handouts. Houses, Holes and Handouts. The Welfare Class.
SO where do you live ?? Switzerland, Luxembourg? 😂😂😂
@@PlumbBob-FGX The future is looking bright😂😂😂
At least they have holes
As airline crews, during the pandemic in Australia we were treated worse than even China. My vacation dollars will never be spent down under.
Can’t believe you Aussies are putting up with such nonsense. You were always the people seen by the rest of the world to take no BS from your politicians. What went wrong?
@@bonalba20 it starts with J and rhymes with bad news.
Still a ball & chain on their ankles
@@TruthAndEggSaladTaco you can do better than that... what is this 1930? What an uneducated comment
@@greatest7391
OUCH!
🤣
As you saw during covid, Australians are bootlicker conformists.
The minerals and gas is privatised,so the country is held ransom to whims of private mafioso.
Still better than the state
More like the whims of the world markets. If you want to be like Venezuela, go to state control.....
Worse when the government owns it.
No, it's owned by the state govts.
And China has some stake no doubt, perhaps water rights.
The Australian colonial government supervised by the colonial governor general on behalf of the English king never nationalised the mineral resources. The profit of over 400 billion dollars is not shared with its people but goes into private hands of few. Australians are heavily taxed in all kinds of taxes, have to pay for childcare, kindergartens, and universities. The healthcare is not free. There is no universal dental coverage. Gas and electricity are very expensive. Australians pay three times more than Chinese for electricity that is generated from Australian coal. A very different picture to the systems in other rich in mineral resources countries like Saudi Arabia, Brunei or Qatar. Corrupt government exploiting the land and people.
Gough Whitlam tried nationalising our resources and the CIA orchestrated a coupe with Kerr and Fraser.....every other Prime Minister since has towed the line
Spot on, well said.
Natural resources should belong to g to the nation and profits distributed back into society not in private magnate pocket.
That's how neoliberalism works everywhere.. for the big corporations who run government through their influence... no democracy anymore. Not in the West at least
@@loft27ss When Gillard tried to impose a modest "super profits tax" on the mining industry then experiencing a huge boom, all hell broke loose. When Whitlam tried to regain control over Australia's mineral wealth, the CIA conspired to overthrow him. When Kennet privatised the gas industry in Victoria, the private companies made more profits selling to overseas than locally and the govt didn't ensure protections for the local market (like they did in WA). There's a pattern here.
The cost of building houses in Australia is not outrageous, it's the cost of land - ludicrous when you think how much land there is and how small the population is.
Building costs have increased also by 40%.
Bloody rediculous
Yeah but no-one can live in the middle of the country , too damn hot. Most people live along the coastline.l
@@codeblue9004
It's that water thing, right?
The amount spent versus the quality provided is horrific compared to advanced economies.
Absolutely - does not stack up 🤨🤨
It's been difficult for me to watch the good people of Australia slowly lose their freedoms and liberties year by year.
When you price people out of a decent life, you are eventually going to get backlash. Already, so many people are constantly angry, basic manners have gone out the window, people are meaner than they used to be
We are not apathetic, it’s censored out of existence, it’s blocked shadow banned censored and controlled. Don’t say we are apathetic 8:50
Fuck man this guy saying we are apathetic annoyed me, mate we fucking hate our government & corporates. Not a single fucking person I know has said anything good about our government,
that makes it a virtual police state,where a small minority controls the majority ......
No, Australians are apathetic. Even with the info in their faces, they just shut down, call you a conspiracy theorist or some shit.
A LOT is censored on social media, you are right
@@jamespidgeon8748 then it's up to the people to find ways of fighting it,via alternative media ....
We're fucked. At least we can go to the beach
Until the fakeorigines take that too.
some small consolation ....
@@ArchieCritchell until they're given away to 🐂💩 land grabs...
Wait till they buy all the shoreline up and you have no access to the water. That is happening in North
West Florida.
....and play cricket. Yippiiee!😊😊😊
Imagine our country run by competent government with the peoples well being in mind ..unfortunately the opposite is true
that's not happening in most countries worldwide .....
You need a Donald Trump in Australia!
@@BarbaraPerez-ow5tr and also one in Britain,Canada,NZ too !
I used to live there, it’s too expensive, and too many rules / regulations so I left.
We call it “the nanny state.”
So's how's life in South Sudan? Cheap and no government to hassle you, no services, no taxes nothing. Paradise.
@@JB-yb4wn Sudan ?? wtf is that .. what does that have to do with anything?
@@myanbeach
Because you want to live in a place which is cheap and with no regulations. South Sudan, brain trust, much worse than Sudan without the religion. Pure freedom from government, imbecile.
Do you kind me asking where you moved to Johnathan?
@@glennoc8585 I lived on the Gold Coast, then moved around the world. These last few years I've been in DaNang, Vietnam.
Anyone who pushes this MYTH of how great Australia is assumes we are all complete idiots.
45 years living here i agree 100% ...sadly but true
The way you ended the video on Aussies basically pulling their pants down and bending over for the gov spoke to me so much, I’ve always felt like I should’ve been born in the USA as I value freedom and capitalism while everyone around me values big gov control and basically communism. I don’t know why Aussies are like this, you could extrapolate even further away from government and economics but Aussies also don’t like when friends are going through it or upset, they don’t console and let you vent they try to snap you out of it with this “be positive” mantra or “don’t trauma dump on me, you’re being negative”, some things life are negative and bottling it up and pretending somethings ok when it’s very much not is what extremely unhealthy!
Because Australians are the sheltered children of the world, nothing really happens here.
Because the government’s poor policy of making housing as commodity to make quick wealth.
That's what happened here in the UK. Thatcherism was much heralded but the reality, it was a glorified property boom.
Why because its hijacked by a global crime syndicate
You mean WEF
Bankers
Global crime syndicate called ,Australians.
Yes jews.
There's nothing more tragic than a nation falling apart not because of inevitable issues like lack of resources or natural disasters but simply because of human stupidity and greed.
As an Australian, I beg to differ on the understanding that Australians don't complain. On the contrary; we do ceaselessly. What we don't do is attempt to actually fix the problems that cause the complaints.
i give you 100% for truth mate and my respects . ive lived here 45 years and agree with your observations........ Aussies in general work to hard to be treated like they / we are , action organized is the only way to greener pastures . waving signs at protests does fk all imo , 🍻
The "She'll be right" attitude is what got us here.
welll landlords are to blame
@@johney3734 how do you come to this conclusion? You might be getting confused with property developers holding on to houses and leaving them empty.
Joe blog landlords are renting properties out and giving people more options to live.
@@GERS316more options to live...lmao, they're blocking off properties that could have been bought by other people 🙄
@BiPhBiPhBiPhBiPh Incorrect. Not everyone can afford to buy houses. The interest rate is 7%, and they assess us at 3% higher.
We have a huge house shortage, and we are letting way too many new people into the country. New people who need to rent.
Whether you like it or not, joe blog investors (not to be confused with corporate investors) are the only reason houses are buying built and supply is being given to those that need it. The government isn't helping with the housing shortage they are the exact problem, investors are the next best thing to help.
@@GERS316 thats not a thing.. landlords take homes from family's they offer nothing to the economy and need jail time!!!!!! 10 years jail for each year they steal rent per home
I work on new builds and the demand is limitless, I could work forever and it won’t make a dent. These new homes that they want built to reduce the cost of housing is a lie, they’re all being built by investors, sold immediately and/or rented out at $1000 per week.
They sell for a minimum of $1,000,000 no matter where they’re built.
The quality is lacking, they’re rapidly built and they’re shrinking the land size while tripling the value somehow
are those investors aussies or new arrivals
Same in Canada. New homes for the rich are nice, but most homes are poorly made from cheap materials with non-existent lots.
@@regnorse I would guess big corps like BlackRock.
"Affordable" housing such as mobile homes have long been bought out by private equity which is why so many people can no longer afford their mobile homes. Rich people are literally unaliving the less fortunate
Blackrock is buying up all the property around the world for the ultrarich, renting it back at sky-high prices, making them ever more billions to buy mega yachts and mansions.
Australia has lacked a strong leader. Over the past 30 years, most of the prime ministers could be seen as second-rate leaders as they were often chosen by the party rather than being the preferred choice of the people.
This is not just an Australian problem, we in Europe are suffering the same WEF agenda ridden policies.
Our governments do not have our best interests at heart.
Don't trust them, vote for independents where possible and above all don't let them take away your free speech.
We are not dissidents we are concerned citizens, there is a difference.
I don't understand how Australia isn't as rich as Saudi Arabia with the amount of natural resources you have
Very stupid Australian government policies. And corruptions. That is why Aussis do not benefit from the riches.
It's been stolen by foreign entities
Corruption! Simple as that. Politicians have sold the country's resources to overseas investors for backhanded deals.
As much as I hate Americans talking about other countries,this report is right.Sadly as a 60 yr old Aussie I feel this place will decline even further soon,we are not considering the younger generations coming through due to greedy greedy people.
Greedy politicians
i dont know.. there is more talk about the problems lately
Totally agree about annoying Americans talking about other countries that they’re not welcome in and/or are too ignorant to visit and learn about.
I understand why you don’t like to hear an American identify problems in your country, but the situation is nearly identical in the USA. Both countries have utterly destroyed their middle classes.
It's the Americans who have influenced countries like the UK - the latter is getting rid of it's safety net for the vulnerable so pretty soon poor people in the UK will be thrown out onto the streets left to die in the gutter
i am an Aussie and a tax accountant. Your video was totally accurate and very impressive.
Thanks, appreciate the kind words
lol. It’s unbalanced and you obviously only have working class clients. How you see Australia depends on what side of the fence you sit. Life in Australia is fantastic if you’re wealthy.
@@MrFastFarmer Mr Farmer life everywhere is fantastic if you’re wealthy. I live in California, and we have a lot of wealthy Aussies who live here.
@Epoch_Edge_ the fact that you have footage of Sky News, Steve Price and Channel 9 shows that your research is unbalanced. If you're going to do a video on a country you know little about, obtain a cross section of information first.
@@gracedagostino5231and it’s more affordable than Sydney
Zero interest rates has consequences. Plus, massive immigration increases demand to unreasonable levels.
and white Australians are not selected for careers.
if your governments support massacres in the middle east, then expect more millions of immigrants.
Why is it the a lot of the people that come to Australia from poorer countries do very well financially.
And the locals continue to complain about life being tough.
My parents move us to Australia in the sixties from the UK dad tried but didn’t do that well but he managed to build his own house and had a stable job .
I worked in factories as a metal worker saved my money bought an old house.I owned my house along with my wife before I turned 30, then we started a family.all I’m saying is plan your lives create stability your self and don’t rely on others
It’s all there just learn how to understand how it works.
My children have listened and are doing very well.
Don’t fall in the trap of blaming the Government it’s all there for the taking just work and plan for it.
UK is now driven by immigration with huge amounts of money spent on housing immigrants and their social support having now used up a significant amount of hotel accommodation, armed forces accommodation and conversions of office and factory areas and caused a large spike in unemployment, and Government policies designed to impose massive surveillance and control on the populace.
House prices are astronomical with rents rising in accord but the labour party is now trashing the home rental sector with ridiculous laws of client possession and rent controls which may see a massive offloading of once rented properties which could flood the homes market and tumble prices leaving mortgage providers with large numbers loss making unsaleable homes. Another huge financial crash could ensue.
U no what media saying . Australia are most wealthy people. Because real estate. Overpriced property bubble .
This has been on the boil for 30 years and more.
I predicted this 20 years ago.
I met with politicians for all backgrounds and was laughed off and told "things dont get better than this, we are the lucky country".
The fix for this is gunna be cruel and harsh. Governments from local to state and federal are all to blame. Im nearing retirement and im sad to see what has happened.
Who says its going to be fixed? The current situation is working brilliant for the top 20% or so.
@@williamcrossan9333 Top 0.001%. This is done globally.
@@deathrowinmate28 I agree 100% but we don't have tp make it easy for. Make things as hard as possible
The flaccid Australian dream was shaped by Government policies over the last 60 years that have left nothing other than low quality housing stock for Aussies to aspire towards… it’s a pathetic situation. Negative gearing was merely a GDP-growth taxation discount that, like capital gains tax discounts that Australia copy/pasted from the UK, simply spike up prices for old/existing (1980s?) houses. Remember the 1960s UK recession that most Brits have forgotten? Australia is stuck in an endless loop of that and other royal British mistakes - the now-deflating Chinese growth spur propped up Australian mediocrity for two decades, but now the idiot-party’s over and out.
Fifty years ago, you could buy a new home almost anywhere in Australia for 20 thousand dollars. What the hell went wrong?
Population, 23 yrs ago house in hunter valley nsw could be yours from $30,000 if you weren’t scared of working on it, 13 years ago closer to Dubbo,half acre $50,000,4 yrs ago $90,000 for quarter acre and house close to NSW /Victoria border. All were in need of love but the biggest problem was no bloody beach , sometimes no water or amenities, stuff civilisation and look to the boonies, not as cheap as it was, COVID fixed that as lots ran to the safety of the bush but I worked on a 300 acre property that cost the same as a 450m2 block on the coast, only took 2 hrs to get there
Fifty years ago I could have gone to pick fruit, I was invited, the job was posted with our government job board in canada and airfares were covered, I should have gone, I would be safely retired in paradise now..
@@wahid-lg1kk Think of what you have. Any disaster could have occurred. Believe me, I know.
@@toni4729 Nah, I don't have anything.. Nothing to think about..
Ridiculous policies by governments overspending on ridiculous projects and total greed by governments is the curse of every person in every country in the world.
High-priced homes do not create wealth, it's just a form of money laundering. Now financial success is largely a function of geography, not accomplishment. It’s destructive because of the inequality that results: with so much wealth concentrated in the home, it stays with those who already own a house and within their families. For someone with little or no family housing equity behind them, it’s virtually impossible to break out of the cycle and build new wealth. It will be impossible to return the price of housing to something less destructive - preferably to what it was when my parents and I bought our first houses - without purging the idea that housing is a means to create wealth as opposed to simply a place to live.
It is DEAD wealth. Totally unproductive.
Well said.
They should change the national anthem from "..and wealth for toil" to "and wealth for buying property and doing nothing"
If you don't think this is just another piece of the puzzle that has been planned you would be one of millions that can't see what's in plain sight. it's all going to get considerably worse.
Curruption is high, productivity is low, everything is unionised, plumbers earn as much as IT professional, nuclear industry prohibited by law, and the constitution of Victoria prohibits companies from fracking, red tape everywhere… anything I missed?
Tradesmen earn good money in Europe too, there aren't enough of them, IT has peaked a long time ago, IT jobs are in slow decline in Western Europe.
Yes, the Duma are complete bastards.
And what happens when the I.T professional or the nuclear physicist has a blockage in the crapper or the house needs work, EVERYBODY gets more money and prices go up.
That settles it…I’m leaving Australia and heading for the good life in South Sudan, Burundi, Chad or Burkina Faso.
@@philipfrazee5661 Exactly. Some of the BS people come out with on the internet 😆. It is amazing how many simple minded people get owned by billionaire propagandists such as Murdoch and Kerry Stokes.
Before move to the USA, my biggest dream was to live in Australia, and that dream kept until 2020 when the "Chinese Microbe" hit the World and I saw Australia showing its extremely dictatorship's style to deal with the situation. People had no right, the Government didn't respect their rights and imposed all possible unacceptable orders turning its people in local "slaves". After that the results we can clearly see.
Anyone who owns property will not complain because all they want is for the prices to continue to go up
Many contributing factors to housing costs exploding here but a key issue are the tax incentives for property investors. Housing has become a financial bonanza for developers, private and institutional investors. So many snouts in this trough that winding back these incentives has become politically impossible. A large downturn in property prices would create a financial crisis of huge proportions now. The housing bubble must remain inflated at all costs and the RBA and politicians are well aware of this. No surprise many retirees are fleeing the country for more affordable options.
Canada 🇨🇦 is the carbon copy. Property values out of control, and high taxes.
So what went wrong in Australia, in a word, GREED.
WELL THOSE RATIST WHIT AUSTRALIANS CAN'T BLAM THAT ON BLK PEOPLE.
How about Socialist ideology?
@nolaspeaker5656 PM Gough Whitlam was a major change introducing social reform. PM Bob Hawke restructured the unions, making it easy to defeat them.
PM Paul Keating took the Ausralian Dollar off the Gold Standard. Introduced private superannuation to phase out the aged pension. Aside from some name-calling and pantomime to fool the public, there is no real government opposition. Two sides of the same bad penny.
Ideology is talk, not practical application.
Capitalism is concentrating the nations wealth in the hands of a few.
Australia serves overseas masters.
@@bobjuniel8683 Gross generalizations here.
The problem with the Australian housing market in recent years largely stems from the depreciation of the Australian Dollar (AUD), which has fallen from $1.10 USD in 2010 to just 66 cents today. This decline is partly due to the Reserve Bank of Australia (RBA) maintaining low interest rates to stimulate the economy. While this policy aims to boost exports by making Australian goods cheaper for overseas buyers, it also contributes to inflation and diminishes domestic purchasing power.
Consequently, property values that may seem inflated are actually worth less in real terms compared to a decade ago when adjusted for inflation and currency depreciation. This creates a complex situation for both investors and homeowners, as the perceived value of real estate doesn't always reflect the underlying economic reality.
Some refer to the Australian Dollar as the Pacific Peso... To earn $100,000+ a year does not feel that valuable.
@CA999, probably, mate. When you compare AUD 100K to only about $70K USD, and consider that the average house in Sydney costs $1.5 million-around $1 million USD-it’s no surprise that our country is struggling. Many people can barely get ahead financially.
@@CA999 100%
@@DJarvis1987 all you said was correct , but theres a force higher that manipulate and want current conditions which is simultaneously happening across the west at large i wont get into it here as the topic is massive (im sure your aware ) personally i wish brics nations and the global south strength in rising as a counter balance to this western force pushing this situation , the brics system ( brazil china russia india south africa and many other nations) now on board and global south alternative being built who in my opinion are more focused on cooperation rather than global domination led primarily from Washighton and military and its financial elite interests industrial complex etc etc .... interestiong note china in last 20 years has risen 800 million people out of poverty , that a feat no one in history has done before they are steaming ahead on so many fronts but not according the western media , which is why afet 16 years research i know you can not rely on western media for truth as they push the china threat etc etc for washington . ill leave it there as its a complex at length talk 👍
the corrupt government is to blame
Most of what you mentioned in your video also applies to Canada and possibly some other western countries, so none of this is new .
Australia is a "Train Wreak" and rental crisis cost of living has people going under water
Australia literally has food shortages. From week to week different products will be impossible to find. A few weeks ago you could not get potatoes to make chips and this week you can’t get eggs in bulk in the commercial space. We are definitely not food secure.
... and the range of options for everything is shrinking. Almost all of the favourite items I used to buy regularly have disappeared. So far I am able to substitute with other similar items, but this is not exact substitution, I have to compromise on quality, ingredients or price. No new versions of similar items are appearing. There is definitely something going on in the food supply chain reducing availability of everything... but if you read the news, crickets on this 🤷♂
All by design ! You will own nothing and be happy Enjoy guys and keep calling the smart people "Conspiracy theorists"
Australia has always been under the control of the Fabian Socialist and the Club of Rome, easy research will find many PMs and other minsters were/are members.
Best comment ever....a lot of people do not that some things are by design. They know what they doing. Only those who believe in prophecy....laid up well before...us so that we be wise.!!!! But how people never take time to find the truth.
It will intensify.
God have mercy
Like a lot of other countries, Australia was sooooo nice 30 years ago. Until the bicycle helmet crew took over. Those non-smoking helmet guys destroy absolutely everything.
Been twice to OZ with a sizeable gap in between visits noticed the difference right away on the second visit,people struggling to get on the property market and prices for everything had jumped drastically,second hand car prices are outrageous great country but heading like the rest of the western world into stagnation
There's also severe urban sprawl here. Most Australians think they need a large backyard, a pool, several spare bedrooms, and an industrial sized kitchen bigger than their local cafes operate. Many won't accept anything less, even though it's a burden to maintain.
Oh and that means, property builds take 3+ months by organised crews. Building codes are also very restrictive and the approval process is arduous and lengthy, even for experienced builders. Many people are perfectly capable of building a small home, but it is now our culture that you don't do that. You can't buy a very small block of land, and if you do buy one of the smaller ones you build a multistory home to the very edge. Part of that is justifying purchasing your own home as an investment with the floor area and bedroom count being crucial to future sale price. So your choice here is a mini-mansion or a tent.
You mean Pilbara at 2:40 of the video...
Yeah I don't know where he got "Pilabra" from.... it's "Pilbara" pronounced "pil-bruh".
No it's now Pilabra. 😂
@@samuraizak7008 When was it renamed, I had no idea?...
Came for this comment
I second the motion@@samuraizak7008
Things will not get better “better”. If we continue this way the economy will totally collapse in due time. We can’t live with these costs for a much longer time. Consumer spending has slowed and will slow even further causing business failures. Lowering the interest rates in this country will result in even higher property prices and inflation because not everyone is doing badly. There are seemingly enough people with some capital to keep buying up the houses even at these insane unpayable prices. Mark my words lowering rates here will result in further disaster and increase inflation again. Basically we are fucked in terms of cost of living. Alternately a massive property crash will create a debt crisis so big that it will bring down everything with it. However it’s sunny and warm and we have beaches and easily obtainable medical pot. And the life expectancy has now increased to almost the mid-80s which means huge long old age pension and medical bills paid by the taxpayer. Close to 30% of the adult population claims some type of government benefits. Our disability scheme is bankrupting us. The reason we raised the retirement age without hassle is because no one an afford to retire at 65 anyway.
Has anyone else noticed how its the cost of home ownership that is basically killing the middle class, and all of the first world countries suddenly have had massive increases in house prices. Wonder why.
Apathy and complacency, the sheeple of Australia have it all in spades.
To many homeless people in Australia shows what the government is like , we can't afford to rent ?????? Fix that labour people are suffering ‽????????
I'm glad I'm living in Europe
Over the last two years, 780,000 people from non-Western countries have settled here, willing to take low wages and driving up the cost of rentals. Walking through the city, it’s rare to see anyone with blue eyes these days. If you're not born into wealth, you’re basically stuck. And let’s be honest, when your culture revolves around drinking, sports, and little else, it gets a bit unbearable.
Meanwhile, the out-of-touch boomers just say, “work harder” - ironic, considering their generation helped create a lot of these problems.
70% of Dubai are foreigners.
Millions of people are literally non-Emirati. The Arabs are a minority in their own nation.
They've got Europeans and Asians.
But people are making it cause the culture doesn't revolve around getting smashed at the bar every weekend.
A.ways blame the boomers , hard work ,saving and paying cash that was the way we were. Growing vegetable ,Home cooked meals , sewing and mending clothes ,saving up for anything we needed .
@@ehawolczecki8759 OK boomer
@ehawolczecki8759 nah, you have the most entitled generation.
Useless policies and non-stop govt debt funding your life in the 1980s and 1990s has made the currency weaker and passed on higher taxes to the current generation.
And the same useless policies are going to make it harder for the next gen unless there's a hard reset.
@@dnajournal4321 how did the government fund our lives? No one gave us anything we didn’t work and save for . Maybe this generation could live by their means, get rid of the credit cards for a start. Anyway I hope your happy in whatever your doing .
Culture of complacency and apathy is absolutely a massive problem here.
So hard to get people out on the street on more serious structural issues as outlined here
total agree mate . industrial scale organization by common people is the only way to now turn this ship wreck , ive lived here 45 years but Aussies in general are way too compliant and rules indoctrinated in my opinion , thats what i see
This is so true. At work our real wages (adjusted for inflation) are only about 75% of what they were ten years ago. I try and explain this to colleagues at work and suggest they join the union so we can bargain for a better arrangement but with a few exceptions I get one of two responses: either fear or hostility. Fear because people these days have absolutely huge mortgages and so if they lose their jobs they feel their life will fall apart. They are too terrified to stand up for themselves. Hostility because a lot of people have been brainwashed by the billionaire owned media here into thinking that somehow their problems can be laid at the door of unions etc. They are so brainwashed that they fight to look after the interests of their plutocrat bosses instead of the wellbeing of themselves and their families. It is very depressing as it is difficult to see where any positive change is going to come from in the foreseeable future.
Australia is a police state. My friend needs a Police signature, just to drive his classic E type Jag. (Every fucking trip)
That's pathetic. 😢
We have a preference for living in cities because there's no work in country towns and some of the affordable towns are little more than a collection of very run down old buildings with a very few residents who are on the dole. The property prices have become so bad I don't understand who is buying them these days. Our house was $800,000 10 years ago and now even a normal, basic place, not very nice, built in the 70s is at least the same price. I only own half of our house and have little hope of buying anything on my own now. I might be able to afford a 2 bedroom unit maybe, but the strata fees are prohibitive as greedy strata companies are charging outrageous amounts just to maintain a tiny bit of lawn. Its impossible here and I am in fear for my kids' future. If I can't buy houses for them all where will they live? Its very scary.
We have been overrun with immigrants Australia for the Anglo Celtic Australians who built this country
Sounds as though you'd like to start a chapter of the KKK Down Under!
Ironic comment considering the "Anglo Celtic Australians" originated from Europe.
@@tuppenceworth5485 They did not.
@@no-body-22 Where did they originate then? Asia?
@sebm8511 He meant Anglo-Saxons (English) + Celtic (Irish, Scots and Welsh).
A container of butter that is slightly larger than my fist is now 7 dollars :)
But mate cheese is cheap.
Half the price in the UK.
Shocking... why not restrict immigration, taking action to curb speculation, etc ?
The problem is what is plaguing American and the UK. You have the wealthy from all across the globe as well as Wall Street hedge funds buying all the real estate in these countries.
The same thing is happening in Canada.
Look at the US, Germany, were I came from, 43 years ago, and the UK, were my wife is from, she arrived 45 years ago.
Which country today still offers the relative best life style, health care, education, opportunities etc.?
Yes, our housing crisis is the biggest social issue Australia has ever faced....and I can't see a solution....unless we go back a few decades!
Strip all councils nationwide of their planning/permit powers....allow every small landholder/family to build their own home the way they see fit....if it means a septic tank...and a dirt road....so what?
Other than that, I reckon our problems are minute by comparison!
Aus has LITTLE WATER, we cannot supply enough water for people, so definitely no water for industry. Most of the country is desert. In actual usable land the area it would be less than UK. Aus is also now broke, we have debt at all levels of government (public) and personal (private). There is no chance of recovery as all resources are owned by overseas corporations.
Yup, "Most of the country is unusable desert" Big dust bowl. No thanks. And why are you guys still mining and using coal for electricity generation. Don't you have enough sun for renewable energy?! Carpet the desert in solar panels and you'd be good.
To many third world immigrants moving there
Why would they want to move there and be a part of this ? It seems to indicate just how bad things are in third world countries. Yet we sit here and complain about how high the prices are.
@@ross_ulbright7779 that’s why we need to to increase border security and deport in mass.
As someone from Africa, South Africa in particular. Most people here think Australia and most western countries are some kind of heavens because the media only show the good parts. It's only when people get to these western countries and they realise that it's not all sunshine and roses.
YEAH…. EUROPEAN IMMIGRANTS. Same with AMERICA.
You clearly have no clue how immigration works. If only it was so easy... In the majority, those third world immigrants represent the top 1% of the populations they come from in both wealth and education. Their English might be spotty, maybe they lack eloquence, but they just as intelligent as you are, if not more. The entry requirements are rigorous, lengthy, strict, and expensive. Every one of these people has spent years working through the visa requirements. Once you get here, there are only a few paths to residency, and they are just as complex. If you're lucky, you have a job in a field that has an acute shortage of Australians. If you're willing to live in some painfully remote area for a bunch of years, there's a slim chance your application portfolio might get looked at favorably. No guarantees.
It's all because of greedy rich assholes (AKA investors) and capitalism run amok. It's the same thing here in Montreal. My kid just spent almost a million bucks on a house that was built in the 60s.
Everything stated in this video is dire, bleak, and understated in how true it is. Australian politicians are self serving, and the two choices are both the same. Real estate market in sales and renting is well under-regulated, and immigration is spiralling out of control. Coupled with low volume and speed building approvals, slowing construction, and a strange lack of development in non-major urban areas; the housing is going to get a lot worse yet.
Australians also suffer under the "nanny state" and let the government walk over them. The country is in quiet shambles, and the people going to be a lot more screwed in coming years. The political system in Australia basically leaves everyday citizens with no real voice of change, and with changes only benefiting those in power. It is a false democracy. It is closer to being totalitarian government, that you can vote for the leader and party. However both do not represent the people, but the 1%. And the population just lie down and take it.
You could write this exact scenario for the UK too. I mean it's almost as if.....🤔