They’re just bleeding to all sides at the moment. The moderate faction is bleeding to Teals (and really, some ALP), the conservative faction is bleeding to One Nation.
If they think hemming the bleeding to that conservative faction is their easiest path to stem some of the flow (which at the moment is just straight up hemorrhaging) , it’s probably worth them doing. The approach is even more salient if they do want to be a coalition again, because at the moment, One Nation looks like absolutely destroying the Nationals.
The LIB/NP/Coalition/Former Coalition at the moment aren’t even close to a point where the consideration needs to be about how they actually go about forming a government.
Not the first time you have stated this and it is grossly untrue. Facts have been posted many times here by others and all the data shows that migration has been economically positive.
I don’t think you are a racist, but certainly Pauline and many of her flock are. Many underestimate Hansen and it started with John Howard who should have squashed her long ago when he had the chance.
Housing affordability is a product of the ease of obtaining finance, and buyers just bidding up the price. Limit the money and prices would fall, but no Party wants that to happen.
Inflation is interesting as we like to compare ourselves to other Nations, when each place uses different data to calculate their rate. No doubt many things are more expensive especially insurance, food, travel and other things. But also some things are cheaper like electronics, my power bills, cars.
If you are going to Vote then by all means vote for the mob who does best for you and yours. It is not One Nation, and in spite of them being a rabble, Liberals are still better than them.
From the Hot Takes thread, um, if you’ve still got a mortgage and capitalism is biting you in the arse isn’t it just the case that you haven’t worked hard enough to pay off your mortgage yet?
Since 1975 the average home price in Australia’s capital cities has risen by 3,435 per cent, while median full-time wages have increased by only 1,183 per cent.
So ~3 times harder / more expensive to buy an averaged priced house on an average wage.
Has become accepted wisdom at some point, but I don’t agree.
They got 31 odd percent of the primary last time - down, but not collapsed.
There’s far more for them to be gained in seats/power from chasing the Teals, who hold 8 seats, than PHON who has 1. Not like they have any coal mining seats to lose.
And a lot of PHON’s candidates don’t hold up to scrutiny.
Sure, but the Nationals (inc. NAT aligned seats within the QLD LNP) hold 14 seats. Polling suggests that just about all of them could (if not, will) be under significant threat. They are now reacting to polling, not past election results.
In reality, to form Government again, they need to address both issues. You can’t govern in Australia without winning a good proportion of urban seats.
That’s completely out of whack. If financing was so easy to obtain then surely we would have an oversupply or housing not the current under supply. Builders and developers would be willing to build more houses if obtaining finance was so easy to obtain, as they can borrow and then know they will be able to on sell to someone else borrowing money.
One big change to the Australian economy since the early 90s is that almost all mothers (parents in general) return to the workforce post children - with many of them moving back into full time work over time. This means that effectively most Australian households went from a single to a double income which increased the borrowing and therefore purchasing power when it comes to housing.
This definitely helped pushed prices up and is part of the reason why the Baby Boomers have done so well with property investments.
Contributes to GDP growth overall but it increases demand across the economy (eg housing, groceries, hairdressers, etc) which ultimately leads to inflation and results in increased interest rates. Pricing in the economy is impacted by demand /supply equation. The problem is we have demand side pressure in Australia and an increased population- including from overseas migration- without an equal increase in supply side ends up putting upward pressure on prices; this is inflation.
the only thing one nation might do is pinch a lower house seat or 2 and maybe another senate seat or 2, completely at the expense of the nationals , and they will destroy the LNP unless the LNP move decisively back to the centre . its not about cost of living , it’s not about immigration , they use fear of foreigners as a tool to harvest racist leaning people , that is all they do, they don’t have any policies whatsoever . Pauline Hanson is all about the politics of envy and hate and division .
look what happened to me the LNP when Dutton tried to go like trump . when push comes to shove most people with half a functioning brain won’t vote for one nation where it really matters
I believe Bachus was talking finance for purchasers, not necessarily the same as finance for purchasers builders (I can’t type good). Builders hold a lot more risk than owner occupiers.
The bottom line is - as has been proven multiple times - property prices have grown at 3 or 4 times the rate of incomes. All these factors play a part, CGT (there’s a big inflection point when that came in under Howard), negative gearing, the 5% minimum, borrowing against super, all designed to make it easier to borrow more.
The same holds though - it’s not about ease of obtaining finance that has increased house prices. Because if you could get finance easier to build a house as an owner builder then we would have few housing shortage issues.
Things like 30 years mortgages, lower deposit percentages would had a bigger influence than ease of finance, which is effectively dependent on the credit worthiness of the borrower.
My wife and I moved back to OZ in late 95- managed to buy a house in mid 96. Oak Park. 3 bed weatherboard, 127k. We were able to do ok, keep everything under control and pay down our mortgage a bit. Now, the same type of home is over 1m.
The economy of scale is so far out of whack, its not funny.
Wages have not increased 10-fold since 1996- home prices in a majority of suburbs have.
We are facing a generation of renters, if there is no action. Even a 20% reduction in the prices- statistically significant- will only make things marginally better.
Free up land in the outer areas, densify the more “inner” city suburbs, ( I can’t believe I’m calling Oak Park more inner city……) and try to at least stabilize- or drive down- prices.