My prediction is that current urban rental crisis will soon be over…
Mainstream media is saying we will go to war with China within 3 yrs, and the first thing will be all the Chinese students will be outta here…
So for all those struggling to find a place and being priced out….just hang in there a little longer!!
blame foreigners
Most of human history…
It is always the other (new) guy's fault. Also, it is about burning the bridge after you cross it… "immigration was fine when I came in…. but not anymore…".
It is funny when I speak about it with somebody that is an immigrant themselves just 30 years ago.
It is funny when I speak about it with somebody that is an immigrant themselves just 30 years ago.
There's good reason for observations like that though. In the early 2000's John Howard tripled the permanent migration rate into Australia, and international student and worker numbers have also exploded. We've gone from a long term sustainable intake level to a permanent migration rate that hasn't allowed housing construction and infrastructure to keep up. We've now reached the inevitable crush point, and ramming more people in is making the problem exponentially worse. The reality is we'll probably never catch up with our housing and infrastructure requirements, this is basically the 'new normal'.
In fact, the crazy rise in house prices over the last decade or so has always been mistakenly thought to be driven by foreign investments but in fact it was our boomers hoarding up real estate.
Nonsense. It's well-known most people who can afford investment property only ever buy one, which they then rent out so someone else has the chance to save a deposit to buy too.
"But that doesn't work now because prices have gone too high to save a deposit!"
a) Then don't buy in Syd/Mel/etc. Buy where it's cheaper/rural. "Oh but I 'need' a KFC every 3km, and McD's, multiple shopping centres, to window shop even though I buy online, and want to waste money eating at Nandos, etc and 'muh career'." So it's by CHOICE they don't buy a home then. They want to be entertained or to buy bigger toys to impress other people who don't care anyway, more than own a home.
b) The ONLY people really at fault for increased property prices is BUYERS. You cannot sell something at a ridiculous price unless someone is willing to pay it. So if everyone wanting to buy a home simply refused to pay, prices would fall. But BUYERS are too selfish to agree as one not to buy property for 12 months which would drive prices down for all of them. They'd rather blame the sellers, or the ones providing rentals, instead of the 30 other buyers who kept offering more to the vendor until it sold for $50K over it's real value. ;-)
Nonsense
Just google some keywords and you will find articles linking stats about FIRB, how foreign property investors making up only a tiny fraction of transactions, boomers making it rich on property, how boomers are three times likely to purchase a property than millenials, etc. I dont even need to make shit up.
It's well-known most people who can afford investment property only ever buy one, which they then rent out so someone else has the chance to save a deposit to buy too.
I would have to argue this statement is absolute bullcrap.
foreign property investors making up only a tiny fraction of transactions
I never said otherwise. I've no idea what percentage foreigners own, but I do think it should be zero. i.e. If you're not a citizen (and no dual citizenship) you shouldn't be permitted to own property in that country. This is how the Philippines, Thailand, and probably others as well do things.
boomers making it rich on property, how boomers are three times likely to purchase a property
a) Boo hoo… cause they've been alive longer and have been saving longer - just as millenials are doing. i.e. Some are blaming group one for group two not being able to buy a home, but group two is doing the same thing as group one did - they just haven't lived as long yet. So when the second group saves enough and buys their home, will they be the reason group three can't buy one? LOL.
b) No-one is "rich" just because they own a home anyway. Because all the OTHER homes have increased TOO. If they bought 30 years ago and sell today, they're not going to have any more money than the person who bought a home yesterday because they're worth about the same.
c) Depending which "boomers" everyone is referring to, they are either 59 to 68, or 69 to 77 years old. I find it difficult to believe many people in their 60s and 70s (now on OLD AGE PENSIONS) are running about the country vacuuming up investment properties. Most are sitting at home watching mindless crap like Judge Judy and The Project. You know who is still working and healthy enough to run around vacuuming them up? 50 and lower (Gen X and Millennials).
I would have to argue this statement is absolute bullcrap.
You are talking nonsense and if you wish to press the matter should first educate yourself somewhere other than mainstream media articles google turns up. It is a FACT most people stop at ONE investment property, then a much smaller percentage owns two, and only a couple of % own three or more. It's cited in nearly every real estate investing and wealth creation book or course I've read. In fact most people of those age groups had it drummed into them to hand off their investing responsibility to stockbrokers who produce some of the worst results, and invest their clients money in things like managed funds, not real estate.
And if you meant the second part was bullcrap, then everyone should easily afford a home, since you would then have to admit loan repayments are lower than rent.
I am buying a campervan and going through my belongings to make them storage friendly so hopefully I will always have a roof. However, this wont work in the Eastern Suburbs.
Many councils are cracking down on these on the road. Where are you going to park? How are you going to get food? How are you going to empty the wastes?
On land? Back to step 1 of not being able to afford property again!
I will use it while I search for a suitable property, have been in my area 23 years, I know where to park,and where the 24 hour toilets are
Where are you going to park?
Anywhere a car already does right now.
How are you going to get food?
Buy it like everyone else does lol. Never heard of cans/jars/dried peas/beans/mashed potato powder/jerky? KFC? Solar panels, deep cycle batteries and 12VDC fridges? Portable gas stoves, gas ring burners, public electric BBQs?
How are you going to empty the wastes?
You mean like food scraps!? Never head of public garbage bins? Or just toss them into some bush or a park to feed the insects. Human waste? Composting toilets. Look up "Nature's Head." There's also gym memberships, public pools, supermarket toilets, portapotties, A BUCKET, etc. Or fit a black water tank and empty it at one the many free or cheap motorhome dump points.
On land? Back to step 1 of not being able to afford property again!
As above. Streets/carparks anywhere that anyone who lives in property also parks their vehicle when they leave home to go to a restaurant, movie theatre, shopping centre, gym, beach, etc.
Oh and councils can't do a damn thing if: a) You're vehicle only requires a car license to drive and is parked in a space where a car can park, you're not dumping rubbish on the ground, or playing a stereo - they have no legal right to move you on or fine you. b) If you're inside, doors closed, windows blacked out, what are they going to do… break in to check if there's a person inside? It's no different to a parked empty car. Just ignore them and they'll leave.
This has been the norm for a couple years now on the Sunshine Coast in QLD. Councils have been locking toilets overnight and putting up no parking overnight signs. NSW was free for all iirc.
I’m contemplating putting up a listing for the use of toilet and kitchen for those who needed access a couple times a day.
@frugalftw: I used to be a courier, and I would have gladly paid a monthly fee to have access to many toilets around the city. Toilets are gold to delivery people.
@ProlapsedHeinous: Ah yeah the bottles. I had to get one of these and use it after dark when the toilets are closed. Interesting I asked the girl at the depot once about where she goes to pee, in the hope of using the toilet, she replied 'I don't drink water and hold until I get off shift.' in a very straight face and Argentinian accent.
Yeah I'm going to be doing this. Paying $400+/week to mow someone else's lawn and have a REA invade my privacy every few months, refuse to carry out repairs, while dictating I can't grow some food in the ground is dumb. Get rid of everything except laptop, photos, reduce my tools, rip CDs to a lossless format, get rid of all clothes and buy only a dozen new pieces I'll actually wear, fit a composting toilet, get a 24/7/365 gym membership for showers, solar panel/battery/generator to get rid of electricity bills and I'll have about another $350 per week to myself.
Immigration tap is currently unleashing.
Is OP drunk?
Obviously mainstream media has influence over people that lack critical thinking OP !
My avatar resembles that remark.
MSM has been running the War with China story cause the govt is selling their sub deal
And because the lamestream media has been dying off for years as more people switched off upon realising they're tin foil hatters pushing conspiracy theories and lies. i.e. Two years of convid locked them into the habit of spewing alarmist nonsense to try and keep eyeballs and advertising $$$ rolling in.
The current situation is only temporary.
Previous to COVID the median (Perth) rent had dropped 20% from previous highs.
It will revert back to normal as the market adjusts and builds more stock, then there will likely be an oversupply as the market over reacts.
It is cyclical.
Just as Landlords had to deal with the down turns, the tenants can deal with the peaks.
internment camps
If you’re renting and we’re born here, congrats on being an epic failure. I’ve seen Sri Lankan boat people come here at aged 30 and still acquire property after 10 years of working hard and saving.
My bad I have too much gold/stock piled up from OZB deals . I forgot about the house .
Doesn’t matter. A lot of people make it work and others can’t. That’s just how it plays out.
As Ron Swanson in Parks and Rec once said “Capitalism sorts out the smart people from the poor people”.
Not just smart, lazy too.
Some people just work hard, not smart. Nothing wrong with that.
My immigrant ex went from 50 bucks and a bicycle to 3 houses in 8 years without help
Yep, it seems some home grown people are just bad at life.
Many immigrants who cannot cope just go back, so it's easy to have a survival bias.
3 houses with 20% ownership or outright ownership? Big diff with surging interest rates ;)
Doesn’t make that much difference. Landlords who understand the market have factored in higher interest rates. Could go up to 20% and I’m still fine with sizeable mortgages on a few of my properties.
The 1.3m chinese nationals or of chinese descent will be loyal to the CCP if not they will have their families killed in Chyna, same applies to every other western nation who has allowed chinese spies dressed as students into their country for $$$.
What are you smoking there? Lol
Maybe stop brooding under a rock and actually talk to people mate!
There is some truth to this. Coersion is a big motivator if your familys life is threatened. Its not going to be 1.3 million Chinese, theres a reason why they come here in the first place, to get away from the ccp. They are ruthless and can threatedn you over wechat or by a knock at the door by some chinese state police over here under a tourist visa or through their embassies or secret police stations. They can and do already target their own people already, I'd imagine under a war scenario the stakes would be an awful lot higher.
Mainstream media is saying
LOL
and the first thing will be all the Chinese students will be outta here…
And so you're racially profiling all Chinese students as being pawns for and aligning with the CCP and their views?
….just hang in there a little longer!!
No worries!!!!
Try telling that to people that are struggling with the ever increasing rate rises, cost of living, rental price rises etc resulting in people going broke and the majority having no-where to live, but OP, clearly a very intelligent individual (as demonstrated by this thread) recommends that you should (and I quote) hang in there a little longer
And so you're racially profiling all Chinese students as being pawns for and aligning with the CCP and their views?
Well most are/do not because they're nasty evil people, but because the Chinese are some of the most relentlessly brainwashed people on the planet thanks to the CCP education (indoctrination) system. The CCP has systematically destroyed their own culture, religion, historical sites and buildings, environment, etc. They use omission through to outright lies, ruthlessly crushing independent thought, questioning, or objection, from birth. e.g. Tiananmen Square is completely absent from their schools… ask the typical Chinese university-aged student and they will have never heard of it. We know all governments brainwash their people, but the CCP is best (worst) at it. CCP blamed foreign nations for convid (when the whole world knows it actually started there), and only months ago after the CCP lying to its people convid had been eliminated in China, they got caught lying so first blamed foreigners for "bringing it back in" (LOL) and then blamed black people telling their citizens to avoid them, not allow them into shops to buy food, not to rent housing to them, etc.
Funny how people are blaming chinese Students.They should check how many people from the UK have fled to Australia.
Chinese students are just the catalyst of the adults coming here and settling, taking hold of the housing market.
Or just google which countries owns most of the real estate.
Hint, it won't be China.
BUT! if it was, it would wreck the OP's day, cos as payback they would rather leave them empty than rent them back to locals, cos AUKUS.
The rental prices are only recovering after dramatically dropping at the start of the pandemic.
small violin
https://www.news.com.au/finance/money/costs/my-landlord-is-k…
My prediction is that current urban rental crisis will soon be over…
With all the Gimmiegrants coming in? Just… lol.
Mainstream media is saying we will go to war with China within 3 yrs, and the first thing will be all the Chinese students will be outta here…
As two years of horseshit proved, lamestream media have no clue what they're on about. China doesn't need to go to war anyway… they can just buy everything thanks to government.
So for all those struggling to find a place and being priced out….just hang in there a little longer!!
Yeah just wait until Bill Gates, Claus Schwab, and other vermin like the Soros family depopulate the planet as they've been telling is their wet dream for a few decades now.
Where did you pick up the falsehood that Chinese students caused the rental crisis?
Hanson flyer
See a lot of delusional stuff on here but this one is right out there. The rental crisis has very little to do with chinese students, it is the influx of immigrants combined with local and state government pathetic red tape and slow release of land and then building costs on top, add in the increasingly anti Landlord rules as the icing on the cake. Our population is growing faster than new accommodation and war with china would only make that worse.
If there is a big pile up of trucks in freeway, it must be the Chinese fault too!
The media is doing a great job about scaring the public when Australia rely ever so heavily on the Chinese import.
Haha OK. War with China will crush the economy. The rental crisis wont even make it to the top 10 list of things to worry about then.
Nice, we need a good reset, and a change of suppliers. India seems to be shaping up to take all the business china is losing its grip on.
Mainstream media
yawn
Anti-vaxxers dying out along with other cretins will also improve the occupancy rates if that's any use.
China import 90% of their agricultural inputs. Any war with the west will lead to sanctions that will/could starve hundreds of millions of people.
Normally I'd say they aren't that crazy but Mao proved he can unite the Chinese with Han propaganda. Deglobalisation and the population collapse means they should probably make all the friends they can.
That a not true. A quick google will tell you that they’re pretty sufficient with grains like rice and such.
Yeah but they need everything else from Dairy to meat to machinary. Sure they can limp along and maybe lose 400-500 million but
China is toast regardless, their population base is gone. It's just a matter of weather or not Xi decides to go down fighting.
Have a look at how much rice they have been importing recently - 5.2m metric tonnes…… It tells a different story. Unless they are prepping for future sanctions due to war.
You will find Aussie grain farmers would be screwed without Chinese fertilisers,chemicals and equipment. The billions of dollars we import from China on chemicals could never get replaced in the short medium term from some other supplier . As if US farmers care, so they won't be flinging glypho over the fence.
This dog whistling war of the MSMs would involve a whole lot of other Asian countries and the dynamics of trade would completely change. This constant harassment of Australias citizens by the MSM using fear and BS used to be called out by the ALP once. WTF happened Albo?
It's all Ok for Rupert, an inch away from death, lobbing Armageddon hand grenades at his homeland,safely buried in a bunker like (the real) Scrooge McDuck , wrapped in silken sheets, blowing a Cuban cigar.
Deglobalization is now in full swing. The only microchips that China can produce will barely run a calculator, they wouldn't know how to run the Taiwan factories even of they got them. A few countries have already started building the factories needed to make new fertilizer. Canada and the states will provide us enough I think. A new western alliance with spheres of influence had already begun.
OP is getting off in all these comments and not a single reply
Post was made around midnight when OP was drunk as skunk and about to pass out.
Sounds about right
They make red creaming soda way stronger than when I was a boy. 2 shots these days and the kiddies are legless
Bit of a pattern with the triple digit user name ideology
The only scenario in which housing becomes affordable is if a superbug evolves (or is engineered) that wipes out at least 20% of the population. Lots of empty houses would be availble at bargain prices.
Not the only scenario.
A nuclear blast and radiation contamination would also be cracking for house prices.
I hope we get another 100,000+ Chinese students here
The influx will grow exponentially, so they can all hook up working on AUKUS after graduating.
The sweating spud in charge of the federal opposition will probably personally frisk them for hidden cordless drills.
The unpopular truth is that rent should actually go much higher as the rising cost of new housing is out pacing the rising rents.
Isn't that what is actually happening?
Landlords have been happy to collect 3% rent p.a. on their properties for years, they made their money on the capital gains.
Now that interest rates are finally returning to a level they should have been all along, rents are being pushed upwards. However wages haven't increased at all in this time, so rents can't increase beyond what the average wage can support, however rentals at the bottom end of the market have grown, what used to be $200 p/w is now 350 p/w. there is no cheap area anymore.
This doesn't translate into more investment because building costs make it impossible or illogical to try and serve this market.
My prediction is the 'rental crisis' will never end, we will just get used to a new lower class that never used to exist in the 'lucky country' before.
Yes, the cost of maintaining a rental property is not viable. People wanting a new kitchen/ bathroom every 10 years, appliances and fixtures with a 2 year lifespan, carpets and paint every 3 years. You are looking at $200 a week just on wear and tear on a unit. Rates and Stratas add another $120 a week.
I can get $300 a week on my unit if fully renovated and can't get a tenant that will pay rent if I don't renovate. And no, I haven't had any capital gain in 10 years, capital loss actually. The people writing all those news articles live in parental subsidised houses in Balmain and Paddington and have nfi.
If you've been losing money on it for 10 years, with no capital gains to make up for it, then why on earth have you held onto it this long?
Just hoping it would turn around and I had long term tenants I didn't want to put out. They've now moved on and I've just left it empty for 6 months as not sure it's worth the cost to renovate. Just mentioning because so many complain about rich landlords, but its a risk like every investment. And to be honest in my experience the landlords tend to have less to spend on lifestyle than tenants do. Everyone I know with real estate has a frugal lifestyle and everyone I know who rents has money for holidays etc.
@tonka: If it's such a bad investment that you're actively complaining about it to strangers on the internet, then just sell it to someone who can do a better job with it, like an investor who can renovate it themselves or has great mate-rates with professionals
Like you're already making $0 on it, probably already been a money pit before needing renovations done, and you're holding a livable property vacant for no real reason while there's a rental crisis
A solid amount of this 'rental crisis' is just a wake-up call for people who made crappy investments into bad properties during low interest rates, and now they're overleveraged and underutilised as a result, hiking rents to cover the hole or holding them empty while they figure out wtf to do
Cut your losses and put your money somewhere that you won't complain about
@Jolakot: I'm not complaining I was having a conversation with someone about the merits of investing. And there's not a rental crisis where I hold this property, there's an oversupply. Your 'advice' wasn't solicited, if I needed to sell the property or could be bothered to then I would. It was not purchased as an investment. Maybe don't offer 'advice' crap about stuff your not informed about, that you think you can tell me what to do is gross, how's the ego mate.
@tonka: If "having a conversation with someone about the merits of investing" means replying to a top-level comment about how frustrating it is to renovate a dud property, then fair enough
If there's an oversupply of housing, and your unit needs renovations to even compete, then do you actually expect to make a profit ever? I just don't understand why you'd lock up a massive amount of capital into something that's lost you $$$, and will continue to do so for the foreseeable future, when there are so many better places to utilize it. Like you would have been better off just dumping it into in a high-interest savings account and forgetting about it for 10 years
I own rental properties, this isn't something I'm uninformed about, so the ego is alive and well thank you
@Jolakot: So why don't you understand that 10 years ago I couldn't predict that this particular property would depreciate, gee I would love to have bought bitcoin ten years ago to, but it's not hard to understand why I didn't, in case your not sure it's because I'm not psychic. Same as I can't predict with certainty what will happen in the next couple of years. But the maths and history says that ditching a property that hasn't recovered yet from the last correction but is now due to is foolhardy. As to why I'm not worried about it, I did make good calls on my other much larger investments that very much overshadow this property. To give you context, this is a small unit in Sydney's SW, it was my first home purchase, and until recently had the same tenants for 22 years. The real estate has mis-managed it and it now need renovations. The delay is I'm not available at the moment and the real estate agents are just not competent to do it.
cut your losses
It's easy to say that on the net but in reality, how the hell do you handle a loss of $50k?
Holding onto a property hoping the residential code will change and suddenly, the land can be sub divided is the norm for a lot of landlord.
Instead of telling landlord to stop trying to increasing rental to survive, its better to tell people to plan their family and stop having 3+ kids to pass down their "legacy".
No one will buy a Ferrari if they don't have a secure garage or money but having kids? They will pop as many as they want with zero regard of rental problems..
As a whole, landlord and rent isn't the problem as that's tied to the increase living cost and interest rate, it's people having kids their can't afford.. that's part of the problem.
@PuppieWayne: Every time I read a 'hard luck' story about the rental crisis you get to the end and it's someone expecting a 3 bed house in inner Sydney with space for a garden for their leisure, even though they are single and have never worked in their life. Or a single parent with 3 kids who expects to raise their kids in the same leafy beach suburb their parents slaved to live in and stayed together to achieve.
@tonka: Exactly.
You really have 2 main groups..
Young adults that whine about how hard it is to secure a rental and save their money while sporting the latest iPhone and their social media is filled with their weekly outings blowing half their pay checks in a weekend; or
Single mom with 3 kids and a baby by different guys talking about how they are going to be living in their car.
Social has really screw people up in making them think that the world owe them something even thought they themselves don't try to pace their lifestyles and help themselves.. and if you talk to them about it, "don't you tell me how to live my life!"
But they are more than happy to tell landlords what to do with their hard earned investment property..
@PuppieWayne: I'm gonna add a third group that covers several people I know. 'The only child' that knows damn well they will inherit their parents house and harp on about landlords being evil to cover their intent to spend all their income on holidays and lifestyle and retire on the sacrifices their parents made. I know quite a few of these and suspect this category covers the journos writing about rental crisis (rents not cheap at Balmain) and the unjust cost of real estate (even though they'll be cashing in the parents real estate portfolio).
It's easy to say that on the net but in reality, how the hell do you handle a loss of $50k?
Much easier to handle a loss of $50k than a loss of $70k, keeping a money-pit because of sunk-cost is a losing move in any market
Holding onto a property hoping the residential code will change and suddenly, the land can be sub divided is the norm for a lot of landlord.
It's a unit, I don't think there's going to be much subdividing going on?
Instead of telling landlord to stop trying to increasing rental to survive, its better to tell people to plan their family and stop having 3+ kids to pass down their "legacy".
No one will buy a Ferrari if they don't have a secure garage or money but having kids? They will pop as many as they want with zero regard of rental problems..
As a whole, landlord and rent isn't the problem as that's tied to the increase living cost and interest rate, it's people having kids their can't afford.. that's part of the problem.
Mate, the fertility rate is the lowest it has ever been, how on earth does this make sense to you as a broad argument?
In 1970 (VIC) the average woman had 2.8 babies, while in 2020 the average woman has 1.4 babies, literally half of what it used to be
So work with me here, if the rental crisis is caused by people having kids they can't afford, and we're at a record-low for kids per family, then the current rental crisis should be half as bad now as it was in 1970 right?
That just doesn't hold water, how can you have a record-low for people having kids at all and also a record-high for people having kids that they can't afford? Make it make sense
@Jolakot: Was unaware it was a unit but what i said still stands.. hard pill to swallow on a $50k loss, unsure where you getting the $70k loss btw
Mate, the fertility rate is the lowest it has ever been, how on earth does this make sense to you as a broad argument?
People need to quit this stupid arguments quoting statistic cause you are still going to be living in cars while not having enough rentals to cater to the population without paying high rates.
Stop looking at census and look at your own personal lifestyle and finances..
Your maths is wrong btw. Stop looking at the percentage and look at the number instead.
In 1970.. Australia has 13.1m @2.8% growth means total populations is 13.46M approx.
In 2020 at 1.4% growth with a population of 25.8M, you are looking at 26.16M.
So the rate has decreased but our population has double.. and guess what, huge percentage of these living in cars are using your logic and now unable to sustain themselves and homeless.
Why don't you tell me the logic behind that?
Was unaware it was a unit but what i said still stands.. hard pill to swallow on a $50k loss, unsure where you getting the $70k loss btw
$50k + renovations, assuming that'd cost around $20k for a unit (including lost rent)
People need to quit this stupid arguments quoting statistic cause you are still going to be living in cars while not having enough rentals to cater to the population without paying high rates.
Stop looking at census and look at your own personal lifestyle and finances..
There's 2 babies in my family, out of ~15 cousins in relationships aged 20-34, none of my friends have kids or plan to anytime soon, the youngest co-worker I know with a kid is 36. I'm sure there are people having too many kids and struggling for it, but I've never met one in real life
Your maths is wrong btw. Stop looking at the percentage and look at the number instead.
In 1970.. Australia has 13.1m @2.8% growth means total populations is 13.46M approx.
In 2020 at 1.4% growth with a population of 25.8M, you are looking at 26.16M.
Wasn't your point here that people are having too many kids that they can't individually afford? The math is right for showing that people are having less kids than ever, so I don't understand how population growth fits in with that?
So the rate has decreased but our population has double.. and guess what, huge percentage of these living in cars are using your logic and now unable to sustain themselves and homeless.
Why don't you tell me the logic behind that?
60% of our population growth since 1970 has been net-immigration, with a fair chunk of the remaining 40% being immigrant births as firstand second generation immigrants have a higher fertility rate
So is your actual position here that the rental crisis is the result of net-immigration?
Wasn't your point here that people are having too many kids that they can't individually afford?
And it still stands. Of the people that's screaming about how they are going to be homeless and living in cars, 90% has kids and holding a baby.
.actual position here that the rental crisis is the result of net-immigration?
Are you trying to put the issue into a nice little box? Be it as it may that it's a net immigrants issue, people are still having kids that they are unable to afford or look after..
Find me a landlord that will suddenly lend you their property cause, you know, net immigrants.
60% of our population growth since 1970 has been net-immigration
Btw, immigrants growth only makes up 27% of our population (7.9m) - not 60%. Are you just pulling figures out of your arse?
Anyway.. keep yapping. I'm not interested in a discussion where you are just making up BS figures.
And it still stands. Of the people that's screaming about how they are going to be homeless and living in cars, 90% has kids and holding a baby.
Are you trying to put the issue into a nice little box? Be it as it may that it's a net immigrants issue, people are still having kids that they are unable to afford or look after.
Alright, are there more or less people having kids that they can't afford today compared to in the past? What do you actually think changed?
Find me a landlord that will suddenly lend you their property cause, you know, net immigrants.
This is exactly the point, of course they won't. Most people can't compete with an overseas skilled migrant, and with the limited number of properties, they're pushed further and further out until nowhere is affordable
Btw, immigrants growth only makes up 27% of our population (7.9m) - not 60%. Are you just pulling figures out of your arse?
No, I stole that figure from SMH: https://www.smh.com.au/national/migrants-will-make-up-75-per…
Anyway.. keep yapping. I'm not interested in a discussion where you are just making up BS figures.
Well then it's fortunate that I haven't made anything up then isn't it :D
Well then it's fortunate that I haven't made anything up then isn't it :D
Unfortunate your source is full of shit..
Hint: don't use news paper as your source of information.
.What do you actually think changed?
Cost of living. Attitude of entitlement.
They live beyond their means and thinks someone else needs to finance their poor decisions..
How many people are having kids are irrelevant. What's relevant is if you can afford them.
Unfortunate your source is full of shit
Hint: don't use news paper as your source of information.
This is literally referenced from a treasury report based on data from the ABS, what are you on about? https://treasury.gov.au/sites/default/files/2021-06/p2021_18…
"Australia’s population growth has been driven by net overseas migration, which accounted for around 60 per cent of growth in the last decade. This is expected to increase to around 74 per cent by 2060-61."
Cost of living. Attitude of entitlement.
They live beyond their means and thinks someone else needs to finance their poor decisions..
How many people are having kids are irrelevant. What's relevant is if you can afford them.
Except fertility has a deadline, after age 30 the odds of a successful birth go down each year, so if the age where you "can afford it" goes up every year then there logically has to be more people having kids before then out of necessity
Seems like it'd be more effective to make it easier for people to afford kids, given our birthrate is already at historic lows
Don't know if the OP noticed, but war tends to destroy housing. Have a look at Ukraine. If we are at war with China the cost of housing will be the least of anyone's concerns.
Tired of the racist answers to problems that are multi factorial. COVID showed that when all the international students went home, None of the supposed problems they caused went away. They are a small part of our economy.
Its not the students, its the rich corrupt chinese officials buying their way into the country through investment visas (5 million+). they store their wealth by buying a bunch of properties and sitting on them.
They can't buy if greedy Australians don't sell to them.
Not a single one of you here would reject an offer that 5x market value on any if the asset you own but its suddenly the buyers fault?
How amusing.
I've always felt with a billion Chinese, a billion Indian and also 150 million Indonesians all on the doorstep. It's kinda naive to think our 20mil population won't won't be culturally and genetically 'assimilated'. Especially as we are determined to substitute good economic management for paying the bills with population growth. Is it irony if we pay the $350B submarine bill by selling visas to China?
we will go to war with China within 3 yrs
And the concern is rental prices?
The immigrants are only coming because the government is allowing them to. Perhaps you need to blame the government and ask them to stop/reduce immigration.
Is the Docklands in Melbourne still empty with thousands of empty cheap apartments waiting for new tenants?
The Docklands LOL
People don't believe me but Docklands won't really get up there due to the dead patch between Elizabeth and Docklands, the view is good ruined by the Bolte (even worse if you are in an apartment with no view)
Docklands is not near anything worthy, no night life. If you are going to buy you buy within 1 block of Elizabeth and Russell St. Otherwise you end up with high vacancy rates and probably lower rents. Other parts of the city basically is tumbleweeds at night.
I guess if you need somewhere to live, beggers can't be choosers.
Places are just as cheap in central Melbourne. Got a new tenant in my studio next near corner Elizabeth and Lonsdale St. Paying less than docklands. I know I'd rather be in middle of the city than Docklands.
Got another place a block from Elizabeth and Franklin St (city side of Queen Victoria Market). Rents out like hot cakes.
Positively geared from day one for those who think I might be sucking off the tax payer.
Docklands is doomed to essentially be a ghost inner suburb forever unless they find a way to mimic the Dutch and Monégasque and start reclaiming land to actually put services and business there that people would actually want to go to.
Costco is mostly fine, but Docklands doesn't have anything else going for it, all the apartments got built when housing boom started so the build quality is shoddy on average, if you live and work there you may like it since it has this small and isolated feeling despite being fairly close to the CBD, but at the same time it's just too quiet sometimes, which is a weird feeling, it's also just too ugly and I've never really liked what you can see there from across the bay if you're actually near it. Just a giant bridge that has noisy trucks and cars and a bunch of shipping containers… yay?
Why do Chinese send their children here and get citizenship?
China is going the way of Russia. You don't want your kids without foreign passports and end up conscripted into a war they don't want.
The majority of them go back to China and work. Within 8-10 years. Australian universities wouldn’t be as attractive. Chinese domestic universities are actually moving up in the ranks.
Education is actually Australian’s 4th largest export. With coal getting phased out, if the education sector goes as well. What will happen to the economy?
also the stupidest take because immigration keeps our economy alive