Our rental and housing crisis is simply down to our insane migration numbers creating excees demand for somewhere to live. Aus birth rate has been falling for decades. Cut immigration now until housing and infrastructure re-balances. Our standard of living is collapsing due to this.
The biggest lie I've ever heard in the world. You can never build enough houses with these old boomers protesting/blocking highrise buildings even if you reduced migration to zero. Demand and supply theory isn't hard to understand.
They won’t, because a lot of the government ministers have more than 1 home. They don’t want their house prices to go down. So they won’t cut immigration
This situation is because labour started mass immigration without any plan to build more accommodation. When the media questioned him, he said, "People would just have to learn to live with each other." Now we can't afford a roof over our heads and are living in the parklands sleeping on a park bench. Thanks to Anthony, Albanese, and The Labour Party.
@@zenmachine50Its also a banking issue in my opinion. I bought a property in California on a 30 year fixed mortgage and later refinanced to a 20 year but theres no way on gods green Earth id ever buy a several hundred thousand dollar property on and adjustable rate mortgage, thats part of what contributed to our housing crisis in 2008, people bought homes they could barely qualify for and the banks jacked their rates up right after they moved in and next thing you know all these people defaulted on their loans. Correct me if im wrong but I believe Australia only offers short term fixed rate loans (like 10 years).. Most people here put down about 20% on a 30 year fixed, so if you only have access to 10 year fixed, thats like 60% down which means you have to raise an enormous amount of capital to even qualify for those short term fixed rate loans. The unchecked immigration is a huge problem here in Cali too, they drove housing prices through the roof...
*Labor. I know it's confusing that they don't use the same spelling, but it is how it is. I think we can blame both parties for this. The Liberals already jacked up temporary migration well before COVID. There's no doubt in my mind that if the Liberals were in immigration it would be no different or worse; We just wouldn't hear as much about it.
2 หลายเดือนก่อน +5
I ran into a foreign student the other day that is buying houses in Australia with his parents money that live in C hina then rents the rooms out and just runs around collecting the rent managing them and there is many more students being sent here to do the same thing pushing house prices up.
Good, as any good capitalist good boy to subservient to Americas reign should do! We will continue driving economic growth by lowering living standards until morale improves!
Fewer people per household is likely a combination of an aging population with a declining birth rate. Especially if you're comparing 1980's to current day. Increasing the average people will not happen by choice. Might happen out of necessity.
The reason for the decline in the number of people per household is due to repopulation decline as couples are opting to have less children due to the cost of housing and cost of living require 2 full incomes just to get by.
It’s not immigration alone. Immigration will increase overall economy. So it’s good. The main question is why the builders did not ramp up the building quantity to meet the demand? After all this is a capitalist market and supply demand should rebalance in a few years. But we had been hearing the blame on immigration for decades. Cos politically and builders and the banks all don’t want the price to come down??? The whole world is controlled by landlords.
In short. Trust me bro. 1 Just make more money it’s easy 2 Don’t be single 3 Go into mega debt 4 Have a rich family 5 Prey to god you don’t get divorced 6 Work til you die. Edit. Finally at the end something smart. Move regional . Just please don’t move to regional Qld we’re full already and you just cause the same problems here.. 3x in 5 years and you idiots think it’s a great deal. Great for my properties but not for my kids until I’m gone.
I am sorry your video is being overwhelmed with these comments, but our media exists on the internet and we cannot comment on them, even the tax funded ABC and SBS ban commenting. The only voice the media and politicians hear is a very filtered, highly cherry-picked opinions parsing their lack of care.
reasons and explainations dont matter here is the lowdown: rents will keep rising house prices will keep rising best to start your own bank which offers mortgages.
The cause of the alleged "rental crisis" is rarely discussed but in favour of what we can do about the home ownership gap (description/prescription). The bottom line is that the housing market is a slightly impure meritocracy, and if you don't own a home, it's almost all your fault.
I suppose if you got all the asians out there would be beter housing and they can live in hong kong where they dont have this housing problem...Just Saying.
Our rental and housing crisis is simply down to our insane migration numbers creating excees demand for somewhere to live. Aus birth rate has been falling for decades. Cut immigration now until housing and infrastructure re-balances. Our standard of living is collapsing due to this.
The biggest lie I've ever heard in the world. You can never build enough houses with these old boomers protesting/blocking highrise buildings even if you reduced migration to zero. Demand and supply theory isn't hard to understand.
Immigration is only one pillar it’s not the sole problem
@@chookie131it’s a good start
They won’t, because a lot of the government ministers have more than 1 home. They don’t want their house prices to go down. So they won’t cut immigration
💯
This situation is because labour started mass immigration without any plan to build more accommodation. When the media questioned him, he said, "People would just have to learn to live with each other." Now we can't afford a roof over our heads and are living in the parklands sleeping on a park bench. Thanks to Anthony, Albanese, and The Labour Party.
@@zenmachine50 less properties built because of more taxes left retard
@@zenmachine50Its also a banking issue in my opinion. I bought a property in California on a 30 year fixed mortgage and later refinanced to a 20 year but theres no way on gods green Earth id ever buy a several hundred thousand dollar property on and adjustable rate mortgage, thats part of what contributed to our housing crisis in 2008, people bought homes they could barely qualify for and the banks jacked their rates up right after they moved in and next thing you know all these people defaulted on their loans. Correct me if im wrong but I believe Australia only offers short term fixed rate loans (like 10 years).. Most people here put down about 20% on a 30 year fixed, so if you only have access to 10 year fixed, thats like 60% down which means you have to raise an enormous amount of capital to even qualify for those short term fixed rate loans. The unchecked immigration is a huge problem here in Cali too, they drove housing prices through the roof...
*Labor. I know it's confusing that they don't use the same spelling, but it is how it is. I think we can blame both parties for this. The Liberals already jacked up temporary migration well before COVID. There's no doubt in my mind that if the Liberals were in immigration it would be no different or worse; We just wouldn't hear as much about it.
I ran into a foreign student the other day that is buying houses in Australia with his parents money that live in C hina then rents the rooms out and just runs around collecting the rent managing them and there is many more students being sent here to do the same thing pushing house prices up.
Good, as any good capitalist good boy to subservient to Americas reign should do! We will continue driving economic growth by lowering living standards until morale improves!
Sounds like the govt needs to do a better job in balancing population growth and housing supply.
It’s not as bad in Perth north suburbs, you still get a few people at home opens but not like it was 6 months ago.
Another great vid - thanks so much for sharing all your research Tommy!
The government knows if there is a crisis. Some people are earning from it.
Finally! More people need to watch this! It's the wild wild West out there!
Another fantastic video! Thank you, Tommy!
Good luck trying to explain that I’m local and find it a shambles 😮😉😉😀👍
Sell all public housing houses and use the money to build apartments metres in the air for public housing like every other country does
100% agree with this
manly public hosuing water front worth 500 million atlest it nearly a acre
Thanks for the research you have gone in to make this video - super informative and is a great extension of Part 1 in this housing crisis series!
Good content, well presented. All good facts and scenarios. Thanks
I'm sorry but the current lot of temporary migrants, international student, people on working visa. Just cannot stay, or we're fucked.
8.5mill people added to the population since 1999 and anyone saying immigration is not the problem doesn’t get it
Wow, what a informative Video 🎉, Love it , Thank you for your Hard Work and research to make this Vid possible
Same in New Zealand 🇳🇿
22:56 it complicates things is what it does.
Fewer people per household is likely a combination of an aging population with a declining birth rate. Especially if you're comparing 1980's to current day. Increasing the average people will not happen by choice. Might happen out of necessity.
great video, thanks for making!
Thank you for watching!
In Sydney, which suburb and what type of housing is in high demand for your client base?
All this u tube videos should removed. Because it's misleading. They just want prices to continue to sky rocket
Very interesting! Thanks for this
Does the price growth parallel job increases?
good job sf! you da man, dog!
Thanks for watching!
@@sfcapitalgroup fair dinkum!
The reason for the decline in the number of people per household is due to repopulation decline as couples are opting to have less children due to the cost of housing and cost of living require 2 full incomes just to get by.
more taxes pushes up cost of living lefty
And higher rates of divorce today than in the past. The one family used to live in one house; now they live across two houses.
Well said!!👏👏
Meanwhile im working 2 jobs 1 being performance based and have been homeless sleeping from my car the last 6 years.. still cant get anything.
It’s not immigration alone. Immigration will increase overall economy. So it’s good. The main question is why the builders did not ramp up the building quantity to meet the demand? After all this is a capitalist market and supply demand should rebalance in a few years. But we had been hearing the blame on immigration for decades. Cos politically and builders and the banks all don’t want the price to come down??? The whole world is controlled by landlords.
Wrong government delay building approvals 5 yrs
I love the immigration part, just feelings no data
What sort of dumb you are?
In short. Trust me bro. 1 Just make more money it’s easy 2 Don’t be single 3 Go into mega debt 4 Have a rich family 5 Prey to god you don’t get divorced 6 Work til you die.
Edit. Finally at the end something smart. Move regional . Just please don’t move to regional Qld we’re full already and you just cause the same problems here.. 3x in 5 years and you idiots think it’s a great deal. Great for my properties but not for my kids until I’m gone.
Stop bringing in working visa holders when there are no jobs available in sydney
International students
I am sorry your video is being overwhelmed with these comments, but our media exists on the internet and we cannot comment on them, even the tax funded ABC and SBS ban commenting. The only voice the media and politicians hear is a very filtered, highly cherry-picked opinions parsing their lack of care.
reasons and explainations dont matter here is the lowdown:
rents will keep rising
house prices will keep rising
best to start your own bank which offers mortgages.
Raised the rent from $600pw to $950pw.
Thinking to push for $1,000pw at the end of the year.
$$$$😊😊😊
I’ll be buying my 3rd home in no time.
Bloody legend !!!!
councils rates gone up 6% you not wining a lardlord then add other taxes labor pushed up
Sweet, well done to you….
It won't last for long so abuse it while u can numbnut
Please tell me this is sarcasm
The cause of the alleged "rental crisis" is rarely discussed but in favour of what we can do about the home ownership gap (description/prescription). The bottom line is that the housing market is a slightly impure meritocracy, and if you don't own a home, it's almost all your fault.
taxing landlords more has caused the renting crisies and more taxes caused new homes cost alot more to build in 2 yrs why less built
You are literally the problem.
Whalan and Lithgow and penrith and emerton and bidwill and shalvey need immigrants to improve the place
I suppose if you got all the asians out there would be beter housing and they can live in hong kong where they dont have this housing problem...Just Saying.
I'd suggest relocating bogans to the outback.
40% taxes on a new home built today blame government greed not capitalism
if incomes went up it might help??? but taxes going up doesnt it kills your purchasing power lefty to save
it cost more to renovate a home aswell
i see all gen z wanna live in cbd and they wounder why they think renting expensive entitled much ! move out west
Wow, that’s hard to do when most jobs are in the city or based in the city.
australia a high tax country home ownership been harder for more people since the 80s Bob hawke liar
Greed...you can save yourself 26.28...Your Welcome...😉👌🤡🤑