It is called 1,000,000 immigrants in the last 2 years. I am NOT against immigration. However, for decades we averaged 70,000 immigrants per year. The last 15 years has seen a massive increase. Our politicians own numerous investment properties each. As if they would do anything like reduce immigration because their net worth would go down.
@realfamilyman
6 ай бұрын
Well I am against immigration. They obviously lived somewhere in the country they came from. So at least stop handing out citizenship. They come here, work, but then apply to bring their aged parents over - thus wiping out any benefit with 4 new pensions! Labor has been whining about lack of jobs skills. Ok, but why give them citizenship!? Pay them award wage, but tax them higher, and make it law they must train 5 Australians to do their job in 4 years, then out they go AND they get a lump sum refund of the excess tax - so if they leave early, they lose that refund and it goes directly into social housing.
@YourFrienjamin
5 ай бұрын
Where is the money, that should be going into even more properties, going?
@gregsmith2262
5 ай бұрын
I'm against immigration it's just causing avoidable problems.
@davidwright1752
5 ай бұрын
Poor planning. Who would invest in housing in Australia today it’s to dangerous. You will lose your money and outrageous council fees and state taxes. Council rates and body corporate fees a very expensive.
@UziMusic
5 ай бұрын
I agree, the problem on the supply side is not only the houses have to be built, but the builders are going bust and a lot of the time are building non compliant houses and skimming off the top too. ( see site inspections channel), there's no way to meet the demand at this point and logical to slow immigration (not racist), however its fudging the numbers, allowing a treasurer to say net GDP growth of 0.0003 percent means it's not that bad LOL. Furthermore, the legislators on all sides have a direct financial conflict interest in the explosion of prices, thus, no surprises where this is going to end up.
@nixstar23
5 ай бұрын
There are things that can be done there are just no politicians with the guts to say it, plus they own their own homes and don’t really care.
@garyroach8624
6 ай бұрын
The highest immigration levels we have ever experienced fuels the property market, the younger generation and a lot of elderly people without a property suffer at the hands of our Governments policy, this is causing a lot of harm to society, where will the unfortunate live ? on the streets.
@johnmytka7171
6 ай бұрын
Come on wake up it's social engineering somebody tell the truth .look out to those that own or bought a home .thay are going after them soon you will be pushed into poverty
@pistolpete8539
6 ай бұрын
You cannot taper a Ponzi Scheme, hence the requirement for mass unstainable immigration, slow local council approvals, high taxation and interest rates. The objective to retaining elevated rising real estate prices is to ensure there is greater demand for real estate than achievable supply.
@effortless-one
6 ай бұрын
Supply and demand died with the adoption of Keynesian economics. The Gov't will do whatever it can to prop up the economy. Demographically we have been heading for a train wreck for years but successive Gov'ts, with little intelligence for better solutions, have kicked the can down the road, plugging the gap with immigration to keep the Ponzi scheme going. But it's all an illusion as the aging population and longer life expectancy means fewer people to pay tax (heading towards 1.7 taxpayer per retiree vs 2.7 20 years ago) so importing people to buy the overpriced houses is the only fix. Unfortunately the amount of imported people that have enough money to buy the overpriced houses is disproportionate to the imported qualified trades to meet the demand/supply shortage.
@aussiert
5 ай бұрын
It isn’t little intelligence, it’s called corruption, they all own investment properties to rent to the slaves.
@variablevariant
4 ай бұрын
used to be you got here and built your own house!
@markbrzezinski8889
6 ай бұрын
Senior public servants who don't care and profit from negative gearing etc will just increase immigration and slow development despite housing shortages. I am a multi millionaire and own multiple properties, no debt and even I am ashamed of my grossly overpaid public servants.
@mtpender69
5 ай бұрын
How about you sell some of those homes instead of just "feeling ashamed"?
@markbrzezinski8889
5 ай бұрын
I did.@@mtpender69
@andysmoo3448
4 ай бұрын
@@mtpender69 It would not make a difference as they would be snapped up by Chinese investors anyway, who can easily outbid locals.
@jimmyhvy2277
4 ай бұрын
Buy a Good Tent People ! We are Going to Need them !
@user-kh9sq2wz5n
6 ай бұрын
Just a point- we old people do pay tax on all the good and services that we buy, we also pay council taxes and tax on our incomes over the basic rate. Many of us also choose to fund private health care, despite having paid income taxes for 45 years. The issue here is that Central banks seem to believe that O interest rates for 12 years does not create inflation! The notion that successful economic growth is funded by ' free money' simply generates high levels of debt and debt which secured against ' zombi values'
@leonie563
5 ай бұрын
Fact: You get $700-$1,000 off your Council Rates/Water Rates/Car Registration etc just Bec a use you get a Commonwealth Seniors Healthcare Card. Private Health Insurance: Why are young people subsidising your hips and knees at all? It's time to turn off aged pensions, Medicare and Superannuation Concessions at age 75.
@herbertvonsauerkrautunterh2513
4 ай бұрын
@@leonie563sounds good. Turn off all welfare. Especially to the bogans that mooch off the system trying to get into NDIS and centerlink with fake disabilities and then getting their partner as their career. Sleeping in separate bedrooms to maximise payments. I'm sick of paying a lot of tax working pretty hard for others to waste
@Yolo942
6 ай бұрын
Welcome to Straya the houses and holes economy.
@EatMyShortsAU
4 ай бұрын
Australia is a hole. I am planning to take my home and migrate back to my parents country.
@andyjames2082
6 ай бұрын
Negative gearing should only applied to new dwellings, CGT 50% reduction after a year should be reduced to 3 months
@lengerer
6 ай бұрын
Land developers need to be held partly responsible. Land price is ridiculous. 1000 dollars per sqm is a joke. You cant buy land and construct even a small home under 500k.
@Crozbozy
6 ай бұрын
How are land developers to blame?
@lengerer
6 ай бұрын
@@Crozbozy because they make exorbitant amounts of profit
@Crozbozy
6 ай бұрын
@@lengerer Their margins aren't that juicy, and are they supposed to work for free? If their profits were that exorbitant the supply issue wouldn't be as bad as it is right now.......
@lengerer
6 ай бұрын
@@Crozbozy I work in the industry, I know exactly how it works and the profit. Developers drip feed lots to keep demand up.
@yhwhlives4393
5 ай бұрын
Lol 😂 another one bites the dust !!! Bit quiet there mate 😂
@user-xg6yc8ho3w
6 ай бұрын
Greed over pragmatism is what's happening. Those that already own property, especially multiple properties, want the prices to keep going up. It makes them feel wealthier. Many politicians are property investors and so you know they're going to prop up the prices with their policies of over-immigration and slow approval of housing projects. It matters little to most property investors that Australia is hurting and morphing into an unlucky country. As long as they feel their pockets getting filled, that's all the matters to them. Money is their God.
@trent3727
6 ай бұрын
brings a smile to my face seeing an Indian-looking dude with an Aussie accent
@deborahcurtis1385
6 ай бұрын
Government simply MUST get back into building houses for low income and and middle income people. AND find the land to do it. They must find architects, planners, and do what the Menzies government did: they actually produced affordable housing. This means going modular so they can at least produce something worth keeping. It means building inside not outside in kit homes and then transporting to where they most needed, Instead they have backed a privatised model which cannot work for this category. Pretending otherwise is pointless. Inherently, when you have private enterprise involved, they will maximise profit, it's only what they do. This is like asking the scorpion why it stung the frog unprovoked: "it's my nature'. And it is. This failure, which is actually a series of failures, built over time, is now hitting the fan. But not enough questions are being asked. This is going to create a social schism which will result in waves of crime, lack of safety for women children and the elderly and create desperation of a scale never before seen. Nothing is being done to reduce influx of money from China, and there is circumvention of the foreign ownership restrictions because money is passed around in the family that is here and has citizenship. GREAT! what a mess! LEt's not talk about negative gearing shall we? OK it got a mention, but Shorten could not get elected with that as his policy. So now they're 'overreacting' and gone Tory on every issue except recognising the Aboriginal people, which angry voters would not back. This is a MESS but Labour cannot avoid its own role in it.
@hcooC
6 ай бұрын
Meanwhile commercial property is vacant everywhere. Why not just remove the difference, and rent out offices to those in need. Simple solution really. It’s a greedy landlord crisis, not a housing crisis!!
@lincolnbadger5705
Ай бұрын
The housing commission block (there are many) near us is kept 80% unoccupied....WHY
@user-vb2bq4jl8q
2 ай бұрын
I have been looking for properties since last year and found there are plenty of properties in the market at the moment but not enough cheaper ones. The cheaper properties are gone very quickly. That’s why most of silly buyers have to compete with others for expensive properties which push up prices of homes. 😢
@johnnywong1018
6 ай бұрын
you need to ban migration and ban foreign investors.Ban Negative gearing
@lengerer
6 ай бұрын
You're 100% correct. But thee consequences of this is huge. The construction industry would collapse along with all the supporting industries.
@billedifier8584
6 ай бұрын
I agree on stopping foreign investment in housing, but this country was built on immigration and that will continue, the economy depends on it. Owners need rents to continually increase now to compensate for 13 interest rate rises and to pay for the levies, water and rate rises, not to mention insurance, repairs and maintenance costs always rising. Mum and Dad landlords are not getting richer, they are getting squeezed out of investing and if negative gearing is removed the only investors left will be companies like Blackrock, because as businesses they will still be able to legitimately claim on paper losses. Rents would not go down, because businesses are even more profit-driven than your average mum & dad investor.
@GovernYourself
6 ай бұрын
100% agree that immigration needs to be stopped immediately and non-Aussie citizens should be prohibited from buying/owning property in this country. Govt theft via stamp duty and other charges also needs to go as this adds another $30-50K+ to buying a property which has a major impact on people's capacity to buy a home. When you can't get much of a property for $800K, you know we're in deep doodoo! Regardless of statistics, current prices are NOT sustainable. All booms eventually end.
@haruhisuzumiya6650
4 ай бұрын
Immigration won't change a single thing 😂
@lincolnbadger5705
Ай бұрын
whilst councils gouge new builds and delays OC certification
@UberMick
5 ай бұрын
Labor have broken the country yet again...
@sunifernando6307
4 ай бұрын
This mess all started with the corrupt LibNat vermin over 6 years ago.
@user-Rocket-Fest
5 ай бұрын
It's a disgusting thing to open your door to stupid amounts of migrants and laugh at them when housing is almost impossible. The Grifters and Criminals causing these issues should be Jailed for at least 20 years for trashing basic human rights - a PLACE TO LIVE!!!
@haruhisuzumiya6650
4 ай бұрын
Land banking, inflation and property developers getting rich off the backs of workers
@jimmyhvy2277
4 ай бұрын
Government Engineered Housing Crisis !
@haruhisuzumiya6650
4 ай бұрын
Government for property developers and ran by property developers 😂 thats the commonwealth government housing department 😂
@xbren86
6 ай бұрын
With unemployment rising, higher interest rates for longer, affordability will drive away mirigration. All this will slowly erode housing market
@NicOlas-kx5rp
6 ай бұрын
it wont be slow. once unemployment starts to rise it peaks very quick
@danturismo
5 ай бұрын
Doubt it. Still more appealing to live on top of each other in Australia than it is anywhere in Asia.
@graemedd
4 ай бұрын
Residential Properties MUST be Owner Occupier ONLY (plus gov. assistance rent/buy) Owners MUST be registered Aus. voters!
@herbertvonsauerkrautunterh2513
4 ай бұрын
Root cause? Government, all the levels. I have four houses and I might look at getting two more. Then I'm taking my rental income, equity and other wealth out of Australia and go to somewhere I will be treated better. Namely Asia.. luckily my wife is from there so it's easier for me... I'll invest there with money earned here. Australia is on the decline. I can build two houses on my 5 acre property right now. Both will have road frontage but I can't due to the tape and over regulation.. screw that.
@robguz1007
6 ай бұрын
thanks for the update 📈
@InvestmentRiseTV
6 ай бұрын
My pleasure 👍
@davidwright1752
5 ай бұрын
Australia governments are not trust worthy nor councils. Lack of builders insurance is major concern. Immigration has to slowed to 25,000 per year for next decade.
@petercassimatis9157
6 ай бұрын
You can see where Australia's off the rail ecomomy is going to eventually end up - a massive train wreck. All of that cheap debt and wreckless demand side government housing policy will eventually lead to a massive capitulation in housing prices. It's just a matter of when.
@user-sm5de6wg8v
5 ай бұрын
You are probably right. Sadly it won't be in our lifetime.
@AndrewQuinOneTake
4 ай бұрын
Labor always Fs up the economy always have always will
@philinit6476
6 ай бұрын
Playback speed at 1.5x sounds normal lol
@pataralfonso
6 ай бұрын
This is the best of your video. Thank you for the information.
@InvestmentRiseTV
6 ай бұрын
Thank you for your kind feedback.
@persianguy2849
4 ай бұрын
The housing crisis is created by huge number of investors buying houses and raising demand sky high. The crisis will never end unless real estate investment is completely eliminated.
@noneofyourbusiness5433
5 ай бұрын
It's not at risk, it's already over.
@dodohateswater
4 ай бұрын
WEF
@alexwest4629
6 ай бұрын
Oh FFS, enough of this supply/demand rubbish It's immigration that is the problem, full stop...
@graemedd
4 ай бұрын
Not solely immigration. Residential Property INVESTORS are the biggest problem. One 'name'. Multiple properties in their GREED portfolio! [I'm OK. FUJack]
@elvantonucci695
6 ай бұрын
hopefully my house will double so can cash out...
@dchambo7351
6 ай бұрын
And live where ? Buy in the same market .
@elvantonucci695
6 ай бұрын
south east asia@@dchambo7351
@graemedd
4 ай бұрын
@@dchambo7351 I think ....695 is referring to one/more 'OTHER' houses.
@ceeps460
6 ай бұрын
Hi Niro..always a lot of respect for your analysis. However I think this video adds fuel to the fire. NAB and all banks are saying the same thing. Build more take more loans and increase their profits. Construction and approvals have to be slow. Schools have to be built, roads need to be built. So I can see why councils are approving construction projects slowly. I hope you can see it too
@kingsimba9513
6 ай бұрын
Thank goodness there won't be a supply glut anytime soon. Recently bought a $1.72m sub-penthouse in inner-city Sydney for just $50k more than its previous selling price 10 years ago. Hoping this trend continues 🙏. The apartment should be worth north of $2m by start of 2025. With further supply shortages and large infrastructure projects underway (Sydney Metro and Tech Central), it's looking great for anyone who's already purchased a home in Sydney. Feeling blessed 😇 P.S. maybe if people stopped whinging about foreign conflicts, identity politics, and immigration, this country could actually begin to address the CoL crisis. Oh well, that's left wingers for you 😭
@donavonlarney
4 ай бұрын
"approvals for private sector dwellings excluding houses" "excluding houses"? where to start? approvals meaning loans ..maybe people are not selling as much & why exclude houses? .. does it mess up the graph?... & it is from one bank?... maybe they have a higher rate so there little "sponsored" banks get the business & take the risk?. .maybe? these reports are written to gain leverage using lobby cronies & come with immense bias such as "excluding houses"... & you are a commentator that is unable to discern this? i find it funny "doom & gloom in the media" when you are doing just that.
@patrickm6333
6 ай бұрын
😂😂 property is over. I know migrants from Uk and Ireland are returning home in large numbers. Your flogging a dead horse.
@jeanvonbarberode2377
6 ай бұрын
Yes, and Indians are coming instead!
@ianmccarthy4195
6 ай бұрын
I guess it's only gonna go up 😊
@jimmyhvy2277
4 ай бұрын
Who want's to Buy my small Crappy House for $100,000,000,000,000 ? 1st in best Dressed !
@richardkemp1525
6 ай бұрын
They have no liquidity
@caioragacci
5 ай бұрын
If you look closely, the same happened in 2012, where, specialy QLD government, increased the grants for First Home buyers. It is too early to people go out screaming about house Crisis. Obviously actions needs to be taken, but if you analise the cycle, it is just happening again. End of 2012 the house prices went up anyway, and nobody said "Housing Crisis" as the year closed. It is just funny to watch this video and see people talking about "Immigrants". Never being one?! Not knowing a fraction about how "they" live etc. He is worried about 1 house for 4 people, but that is how Australian Society is growing and how the governemnt was sponsoring families to have more children, etc. FYI, about 10 years ago, immigrants (AKA students) were already used to live with 4 people in a house, being either a 3 bedrooms house or even 2 bedrooms. In regards to families, as mentioned above, families are bigger than 12 years ago, so nothing more natural then the parents living with their (average2-3) children in the house. When children grow up and move out from parent;s house, they normally sharethe house anyway. So why all this panic? Creating too much speculation in early stages, only make it worse.
@randokuruza
6 ай бұрын
40 seconds first
@InvestmentRiseTV
6 ай бұрын
Nice!
@vincentcacciola7161
5 ай бұрын
What a load of rubbish
@craig3949
6 ай бұрын
Let’s look at this differently. We blame house prices due to demand leaving the vulnerable out in the cold. Let’s instead look at the vulnerable, if a family is not close and do not look out for each other, child is out at 16, drops out of school, parents unloved in their later years due to poor family institution. Then who is to blame? Other families? That have built inter generational wealth? Because this is what Australia is up against. People want to move here. People want houses. Some cultures many adults can live in and buy a home. It will be the new normal. No one is going to feel sorry for those young Aussies battlers wanting two cars and a 4 bedroom home in highly desired areas. Move out, build, move away, immigrate. Just as others have done. People need to think bigger than themselves and what the government can do for them. That’s entitlement. Comes from bad parenting. Blaming government is a Bogan philosophy in Australia. Blame yourselves
@EatMyShortsAU
4 ай бұрын
Thank Labor for opening the immigration floodgates..
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