Australian Policies -- from 2025 Federal election

[Chris_1993]

Huell is GOAT cameo character.

[Benny40]

@Houli_Dooli

@No.10

If housing prices fell, many would go into negative equity. If you can repay and are prepared to stay put, this may not be a problem. But for those who may need to move, or refinance, it could be a significant problem.
No easy way here, but supply is the key. Local government is the key.

Ideally house prices fall, and so does interest rates, meaning those with a mortgage that bought high can keep up with repayments and possibly mortgage stress.
lower house prices also = potentially less insurance, rates etc for pensioners who own their home.

And maybe Labor bring in a housing cap of say 4 per individual/couple. A few pollies might need to offload some.
Or even talk about reducing capital gains discount from 50% to say 25% for property only from 2030. Forcing some investors out who want to cash in on gains and first home buyers into market.

Reduced immigration will possibly reduce demand strain on rental market and less forced onto the streets.

Supply isn’t the key, its reducing demand and tax policies to encourage investors to offload property

The current building situation - is they are doing as much as they can. Supply isn’t just going to increase because you want it to.

I think you’ve missed something in the demand > price link.

Investors aren’t a problem. If someone wants to own 100 properties and have 100 tenants, then that’s going to have the same impact on the rental market as those houses being spread over 100 investors.

Sure, you can turn off immigration and lose access to free education paid for by other nations. You’d need to seriously scale up tertiary education to compensate. Our whole economy is reliant on stealing talent from other nations. There are some very real downsides to the broader economy by turning off that tap.

Supply is proven globally to quickly reduce rental prices. That can either be achieved by releasing underused properties to the market, or building more supply. Encourage retired empty nesters to downsize or push for overseas investors to stop sitting on empty properties. Or retool the negative gearing incentives to be focused on new supply only, with grandfather provisions for existing properties.

It’s all solvable, but it cost Shorten the election and nobody will try it again any time soon.

[barry_day]

[Houli_Dooli]

@Benny40

Sure, you can turn off immigration and lose access to free education paid for by other nations. You’d need to seriously scale up tertiary education to compensate. Our whole economy is reliant on stealing talent from other nations. There are some very real downsides to the broader economy by turning off that tap.

If it’s Free education, why are there so many people coming out of uni with $100,000 + in debt and rejoicing about Labor’s 20% HELP debt write off?

[jonovdp]

The opposition is now just 18 seats…… vs 93 seats of Labor.

[Toast]

@Benny40

Investors aren’t a problem. If someone wants to own 100 properties and have 100 tenants, then that’s going to have the same impact on the rental market as those houses being spread over 100 investors.

This is mostly true for supply, but in reality the person owning 100 properties has more pricing power to control the market than 100 people each owning one. 100 different owners will compete more organically than a single one who can control pricing far more assertively and absorb things like interest rate fluctuations likely far better than someone who just owns a single property.

[Loflyer]

“ in reality the person owning 100 properties has more pricing power to control the market than 100 people each owning one.”

Dutton’s gone, get over him

[wimmera1]

I’m getting kind of tired of the whole, ‘why are you guys so excited about gruel when there’s this perfectly good dogshit right here?’

[Clark_Griswold]

Demographic facts courtesy of the UN…

For our entire Asian region, childbirths peaked in 1990 at 90m…in 2023 they were just 65m, a 25% reduction…so maternity wards are closing, schools of all levels are closing. Education is a declining industry.

Thanks to health improvements, the Asian population is still rising in number, but there’s only 10% upside until an inevitable peak. Several member countries are already in decline.

Then we have Australia. A country with one of the highest per capita carbon emissions in the world…with a housing affordability problem…with a fertility rate below the Asian average…pursuing 50% population growth (27m to 40m)…purely through immigration. Without immigration, our population peak would only be 4% higher than it is now, and I suspect that’s all due to recent immigration of young fertile adults. So basically, Australia has ZERO internal demand for additional housing.

If you’re still trying to justify the Australian situation saying “housing affordability is just a SUPPLY issue”…you’ve been completely red-pilled. It’s all there in the demographics. It’s all indisputable physics. The scam that is Australia.

[Aceman]

It often gets overlooked that there are also plenty of vacant houses that for one reason or another investment property owners don’t put into the rental pool. I don’t know many who buy investment properties for the rental returns and some are happy just to sit on an empty property or two. I’ve had properties in the past that have been vacant for the best part of a year or two

[Toast]

It’s also a pretty well established fact they are some properties that are bought and intentionally left vacant purely to drive up market prices in the area. Moreso in the apartment space, but it happens.

That’d be a good place to start to free up some supply

[Houli_Dooli]

@No.10

Reducing demand is easier said than done. After Covid, thousands fled north and our town cannot meet the increased demand for housing. There are not enough tradies to build the houses waiting to be built on developed blocks. Commercial and government projects are taking tradies off the house as well.

Reducing demand is easier than increasing supply. We build more houses than most places already world wide.
After Labor said they would build a million homes, barely any have been completed.

NSW residents heading North due to property prices and rents to high to live or given up dream of staying and buying property in NSW.

Reduce migration demand, more people then can stay in NSW and can afford to rent. And other regions can continue building and start to address their regional issues.

Government should be building units/housing commission regionally. encouraging people out of the cities but can get roof over their head etc.

[Benny40]

@Houli_Dooli

@Benny40

Sure, you can turn off immigration and lose access to free education paid for by other nations. You’d need to seriously scale up tertiary education to compensate. Our whole economy is reliant on stealing talent from other nations. There are some very real downsides to the broader economy by turning off that tap.

If it’s Free education, why are there so many people coming out of uni with $100,000 + in debt and rejoicing about Labor’s 20% HELP debt write off?

It’s free to us if they are educated overseas. Like doctors from other countries, their homeland paid for primary, secondary and university education, then the inefficient early years of their career. That is a huge cost all added up, that we get for free when they arrive in their 30s as fully skilled professionals.

Same for all types of professionals that we bring in on skilled visas.

I personally think it is morally wrong, but it saves us from educating our own children, so yay to that.

[hambo]

If all of the migrants were builders…

[Chris_1993]

@Benny40

That is a huge cost all added up, that we get for free when they arrive in their 30s as fully skilled professionals.

Not just free. In some cases, they’ll make money off it.

For example, physicians have to attain Australian Medical Council certification, which at a minimum costs the applicant about $5,000.

[Houli_Dooli]

[dingus]

@j_w

Yep, definitely an opportunity - and one they are very unlikely to take.

I wonder if there is any possibility they move to left and try to pull the teals in - as an economically conservative but more socially progressive party.

As it stands, labor can just occupy the centre without a proper alternative, which is not great for the country.

I don’t think the teals are as easily categorised in to left or right as the other parties.

On climate that are left of Labor. On economy they are aligned more with the Libs.

Labor will only move more right as they are too gutless to reclaim the left void that’s just been created in any way other than by default.

Our “centre” is right of Hewson era liberals.

[Bacchusfox]

@Aceman

personally I have no respect

Yep seems that way.

[Clark_Griswold]

There is a faint correlation between the red columns and the blue columns…

Which is logical, due to the circumstances where a young red column adult arrives in Australia…and quickly pumps out a blue column child.

So how many of the blue columns are flowing out of all the prior red columns? The government never let’s you know.

But according to the UN, Australia’s fertility rate fell below the 2.1 replacement rate in 1976…almost 50 years ago.

There is no population growth today without past and ongoing immigration.

[barry_day]

Kevin Bonham (@kevinbonham.bsky.social)

Kevin Bonham (@kevinbonham.bsky.social)

Although this slightly conflicts with this:

Bridie (EBK) (@emergencybk.bsky.social)

Antony Green saying nothing left to count.