Those numbers are both irrespective. And in our case we have chosen our student visa program.
The yanks have a lot of international students too.
The point is we simply create a housing crisis. If you have a dorm culture for university it’s significantly more efficient at housing large numbers of people.
under $104k probably goes to the people who need it.
Unless you’re at or below about minimum wage full-time. If so, screw you (noting the LNP have promised to increase the bottom tax rate back up to 16%).
Anyway, my main objection was the cash splash nature of it. The Libs like to tell us they do things to boost productivity.
No the government shouldn’t build it.
The universities can, maybe a rule like if offering course to international students universities must provide 50% accomodation of places. if don’t have accomodation need to reduce their intake.
Government should be building more public housing for those in need. which they have started doing again.
then sell old public housing to first home buyers. As your replenishing new stock.
Yeah right. And what is the workers’ government doing to help RENTERS, many of whom don’t want the hassle of buying - they just want secure, affordable accommodation of moderate quality on a long-term lease of at least five years duration ?
Cut student visas somewhat and reduce overseas migration. Develop a medium term population target that considers what level of increase is manageable. That is, reduce excess demand for housing until the supply side is properly addressed and the market rebalances.
I hate the ALP. I hate the LNP.
Talk to me about your favourite independents, Blitz.
That’s what I mean. The Public Universities.
Comparisons can be irrelevant absent comparisons of Australian and US students who live at home.
( There’s a housing affordability crisis in the US, also in Western Europe, but in Australia it’s caused by international student visa programs?)
Each market is different but driven by immigration and in our case it’s the international student market.
And housing affordability is at its most acutest here.
We are the most expensive market in the world.
The numbers don’t lie.
850k people in Australia on a student visa?
That’s insanity. It’s almost another Canberra, Geelong, Newcastle.
If you want to solve the problem and keep the huge market alive. House them. They are the cheapest cohort of people to provide a home for.
I guess people don’t remember when the Libs pulled this stunt in the 1970s when going for re-election.
They got re-elected, then immediately broke that promise. Even though they were in power beforehand and had all the Treasury expertise and information available to know whether that promise was feasible.
That promise is the treason this election is known in history as the “Fistful of Dollars” election.
Honest John Howard learned that there is absolutely no harm to the Libs for whatever promises they break. So he improved on that later by coming up with the concept of the Non-Core Promise®. Dutton no doubt has advisors who admire this strategy.
That is why he is now promising his own “Fistful of Dollars”.
The 850k student numbers include student visa holders ( which don’t guarantee a pathway to residence) plus students on bridging visas transitioning to work or other visas ( covering visas for working in the health sector) some of which might be a pathway to residence.
We aren’t being swamped with finding housing for 850k a year.
But our population is growing faster than we can supply these people housing via renting / buying (to keep rents and housing affordable).
We have an excess demand until we fix supply, which is likely never. So, in this case we need to reduce the pace of population growth to rebalance the housing market. It’s simple macro economics. How this is achieved in terms of executing it is the question. At this point, turning a blind eye to the excess demand is avoiding the problem, which both sides of politics choose to do knowingly.
Yep, what is it ?
As you well know, it’s supposed to be the Labor Government, but those gutless wonders sold out on their principles when the Septics got rid of Gough.
But instead of using a smart-aleck answer to dodge it, why don’t you address the question of what the “Labor” government is or should be doing to help RENTERS, many of whom don’t want the hassle of buying - they just want secure, affordable accommodation of moderate quality on a long-term lease of at least five years duration ?
It’s up to the government to build more housing
I know over here the Universities don’t have enough accommodation still despite building a few student living buildings. According to my property manager there are lots of rentals in Adelaide that are being used for student accommodation
However, research by a SA institute, supported by the Property Council and Martin Parkinson, found that there was no correlation between student rentings and rent prices. They aren’t competing in the same rental market.
This was reported a while back by the ABC and more recently in Crikey.
I’ve personally had 6 of my properties over the years that have been rented by students. One house was shared between 5 students and I must say they were amongst the best tenants I had in that property
My property agent has quite a few properties that are rented to students and some of them are paid fully in advance by the parents, she also says that they are all very good tenants.
