Now, who is it that votes for these buggers?
(Interesting graph starts at 13:18)
It's all the government's fault
It's all the government's fault
'Don't waste your words on people who deserve your silence'
~Reinhold Messner~
'You don't have to be afraid of everything you don't understand'
~Louise Perica~
"Never put off until tomorrow, what you can put off until next week."
~Ian Vincent~
~Reinhold Messner~
'You don't have to be afraid of everything you don't understand'
~Louise Perica~
"Never put off until tomorrow, what you can put off until next week."
~Ian Vincent~
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jackspratt
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Re: It's all the government's fault
Both parties bear some (but not equal) blame over many years.
Many politicians of all colours are multiple house owners, and therefore beneficiaries of the current fiasco.
Of course the last time (2019) one of the parties took principled policies to an election to try to start to fix it, the other mob decided they would rather the rorts continue.
Many politicians of all colours are multiple house owners, and therefore beneficiaries of the current fiasco.
Of course the last time (2019) one of the parties took principled policies to an election to try to start to fix it, the other mob decided they would rather the rorts continue.
Re: It's all the government's fault
As for the "immigrants" argument.
The net migration rate for Australia in 2023 was 5.173 per 1000 population, a 4.54% decline from 2022. The net migration rate for Australia in 2022 was 5.419 per 1000 population, a 4.34% decline from 2021. The net migration rate for Australia in 2021 was 5.665 per 1000 population, a 4.16% decline from 2020.
Versus
Overseas migration 2022-23 – net annual gain of 518,000 people
Migrant arrivals increased 73% to 737,000 from 427,000 arrivals a year ago
Largest group of migrant arrivals was temporary visa holders with 554,000 people
Migrant departures decreased 2% to 219,000 from 223,000 departures a year ago.
Obviously not enough going walkabout.
The net migration rate for Australia in 2023 was 5.173 per 1000 population, a 4.54% decline from 2022. The net migration rate for Australia in 2022 was 5.419 per 1000 population, a 4.34% decline from 2021. The net migration rate for Australia in 2021 was 5.665 per 1000 population, a 4.16% decline from 2020.
Versus
Overseas migration 2022-23 – net annual gain of 518,000 people
Migrant arrivals increased 73% to 737,000 from 427,000 arrivals a year ago
Largest group of migrant arrivals was temporary visa holders with 554,000 people
Migrant departures decreased 2% to 219,000 from 223,000 departures a year ago.
Obviously not enough going walkabout.
'Don't waste your words on people who deserve your silence'
~Reinhold Messner~
'You don't have to be afraid of everything you don't understand'
~Louise Perica~
"Never put off until tomorrow, what you can put off until next week."
~Ian Vincent~
~Reinhold Messner~
'You don't have to be afraid of everything you don't understand'
~Louise Perica~
"Never put off until tomorrow, what you can put off until next week."
~Ian Vincent~
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trekkertony
- udonmap.com
- Posts: 943
- Joined: November 28, 2007, 4:25 am
- Location: Australia
Re: It's all the government's fault
Neither Labor nor LNP whilst in government have had the appetite to change negative gearing policy. It has been reported in the media that there are many investors holding 10 and more residential investment properties and increasing their personal wealth to the detriment of those people struggling to afford their first home. By reducing negative gearing policy to one investment property per taxpayer may offend the financial elite however it may go someway to freeing up the residential investment pool housing.
Re: It's all the government's fault
It appears that Malcolm Turnbull is the biggest "winner" when it comes to real estate investments of Prime Ministers.
https://www.realestate.com.au/news/insi ... -compares/
https://www.realestate.com.au/news/insi ... -compares/
'Don't waste your words on people who deserve your silence'
~Reinhold Messner~
'You don't have to be afraid of everything you don't understand'
~Louise Perica~
"Never put off until tomorrow, what you can put off until next week."
~Ian Vincent~
~Reinhold Messner~
'You don't have to be afraid of everything you don't understand'
~Louise Perica~
"Never put off until tomorrow, what you can put off until next week."
~Ian Vincent~
-
jackspratt
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- Posts: 17344
- Joined: July 2, 2006, 5:29 pm
Re: It's all the government's fault
Just to confirm, these were the ALP housing policies in the lead up to the 2019 election
Against these baby steps, to try and introduce sanity into the overheated Australian housing market, the Lib/Nat COALition ran a totally unprincipled scare campaign to maintain the housing rorts and inequities, and protect the interests of their rich mates.The Australian Labor Party
The ALP will grandfather negative gearing for existing properties and quarantine it to new properties, and halve the Capital Gains Tax discount.
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jackspratt
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Re: It's all the government's fault
Turnbull has owned this home since 1994, which was well before he entered politics, and when he was already a wealthy man.tamada wrote: October 27, 2024, 9:20 am It appears that Malcolm Turnbull is the biggest "winner" when it comes to real estate investments of Prime Ministers.
As it has remained his PPR (principal place of residence) since that time, I'm not sure it should be considered an investment.
Re: It's all the government's fault
What else would you label a +2650% gain in value? Chump change? Anyway, I am sure those who will inherit his estate won't argue.jackspratt wrote: October 27, 2024, 9:53 amTurnbull has owned this home since 1994, which was well before he entered politics, and when he was already a wealthy man.tamada wrote: October 27, 2024, 9:20 am It appears that Malcolm Turnbull is the biggest "winner" when it comes to real estate investments of Prime Ministers.
As it has remained his PPR (principal place of residence) since that time, I'm not sure it should be considered an investment.
'Don't waste your words on people who deserve your silence'
~Reinhold Messner~
'You don't have to be afraid of everything you don't understand'
~Louise Perica~
"Never put off until tomorrow, what you can put off until next week."
~Ian Vincent~
~Reinhold Messner~
'You don't have to be afraid of everything you don't understand'
~Louise Perica~
"Never put off until tomorrow, what you can put off until next week."
~Ian Vincent~
-
jackspratt
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- Posts: 17344
- Joined: July 2, 2006, 5:29 pm
Re: It's all the government's fault
How about a family home, which has been lived in for 30 years, and has appreciated in value over that time?
But we may have a different understanding of "investment".
The kids certainly didn't buy it as an investment.
Re: It's all the government's fault
Probably, but a house, be it family home or vacation rental is fundamentally still real-estate which arguably is the biggest and most secure investment one can make. That's why those that already have their homes, and not just in Australia, are loathe to allow their current handy little earner to be diluted by allowing easier access to home ownership.jackspratt wrote: October 27, 2024, 8:34 pmHow about a family home, which has been lived in for 30 years, and has appreciated in value over that time?
But we may have a different understanding of "investment".
The kids certainly didn't buy it as an investment.
I never mentioned the "kids" as buying anything. Nice inheritance but.
'Don't waste your words on people who deserve your silence'
~Reinhold Messner~
'You don't have to be afraid of everything you don't understand'
~Louise Perica~
"Never put off until tomorrow, what you can put off until next week."
~Ian Vincent~
~Reinhold Messner~
'You don't have to be afraid of everything you don't understand'
~Louise Perica~
"Never put off until tomorrow, what you can put off until next week."
~Ian Vincent~
Re: It's all the government's fault
Maybe not the right heading to post under but better than starting a new thread
And I doubt any of this will fix the housing market overpricing in Australia
No 4: Digital Transformation eVisa: So now Australia in also moving to a eVisa system. 10 years behind other countries had their in place. 7.30 min
No 5: Enhanced Enforcement & Deportation Measures: Sounds familiar 9.50 min
I would suggest many countries will tighten then immigration laws over the coming years
And I doubt any of this will fix the housing market overpricing in Australia
No 4: Digital Transformation eVisa: So now Australia in also moving to a eVisa system. 10 years behind other countries had their in place. 7.30 min
No 5: Enhanced Enforcement & Deportation Measures: Sounds familiar 9.50 min
I would suggest many countries will tighten then immigration laws over the coming years
That's one small step for a man, one giant leap for mankind.
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jackspratt
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- Joined: July 2, 2006, 5:29 pm
Re: It's all the government's fault
Given that it is AI generated, I found that video incredibly difficult to follow.
It was also very repetitious, and the title seems to be deliberately (* see below) misleading, given that it offers no evidence or rationale that "millions may be forced to leave".
BTW - Australia had its first form of eVisa (known as the ETA or Electronic Travel Authority) way back in 1996, and was the first country in the world to do so. Since 2015, all visas have been issued electronically, and nearly all can be applied for online, according to wikipedia https://en.wikipedia.org/wiki/Visa_poli ... ronic_visa
* A quick review of the YouTube channel may explain this. https://www.youtube.com/@BetterTravelled/videos
It was also very repetitious, and the title seems to be deliberately (* see below) misleading, given that it offers no evidence or rationale that "millions may be forced to leave".
BTW - Australia had its first form of eVisa (known as the ETA or Electronic Travel Authority) way back in 1996, and was the first country in the world to do so. Since 2015, all visas have been issued electronically, and nearly all can be applied for online, according to wikipedia https://en.wikipedia.org/wiki/Visa_poli ... ronic_visa
* A quick review of the YouTube channel may explain this. https://www.youtube.com/@BetterTravelled/videos
Re: It's all the government's fault
You may be right Jack, yes, repetitious and possibly misleading, but my post was to
Firstly state that in my opinion, changing immigration policy (if that is to be the case), will in not fix the housing market overpricing in Australia. It's way too late to fix.
And also, in my view that, many countries will tighten their respective immigration laws over the coming years, which is what some counties appear to be doing at present. Certainly the part about "Enhanced Enforcement & Deportation Measures', which a number of countries seem to be implementing.
There are other LINKS on YT that suggest the Australian Government is updating or changing some of its Visa requirement in 2025. I don't profess to understand all of what might be changing, because I don't intend to immigrate to Australia this year,
Maybe this LINK is better https://immi.homeaffairs.gov.au/what-we ... ing-levels
Firstly state that in my opinion, changing immigration policy (if that is to be the case), will in not fix the housing market overpricing in Australia. It's way too late to fix.
And also, in my view that, many countries will tighten their respective immigration laws over the coming years, which is what some counties appear to be doing at present. Certainly the part about "Enhanced Enforcement & Deportation Measures', which a number of countries seem to be implementing.
There are other LINKS on YT that suggest the Australian Government is updating or changing some of its Visa requirement in 2025. I don't profess to understand all of what might be changing, because I don't intend to immigrate to Australia this year,
Maybe this LINK is better https://immi.homeaffairs.gov.au/what-we ... ing-levels
That's one small step for a man, one giant leap for mankind.
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jackspratt
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- Joined: July 2, 2006, 5:29 pm
Re: It's all the government's fault
Immigration policy is a constantly evolving feast, so changes are always going to happen.
However, nothing in the video (or your link) provided evidence of the likely emigration - either by deportation, or voluntary departure, of millions of current residents of Australia.
It is therefore clickbait, and highly misleading.
You also didn't mention anything about housing prices or policy in your OP. Prices are crazy high, and neither of the major parties seems to have presented a rational policy for the upcoming election which will help this reality.
What could have helped (and it's never too late) was the policies advocated by Bill Shorten - particularly around capital gains and negative gearing - which were effectively destroyed by the venal conservatives in the 2019 "miracle" election.
Given that many of the pricks in the Federal Parliament (from all sides) own multiple properties, it is hard to see things changing in the short term.
However, nothing in the video (or your link) provided evidence of the likely emigration - either by deportation, or voluntary departure, of millions of current residents of Australia.
It is therefore clickbait, and highly misleading.
You also didn't mention anything about housing prices or policy in your OP. Prices are crazy high, and neither of the major parties seems to have presented a rational policy for the upcoming election which will help this reality.
What could have helped (and it's never too late) was the policies advocated by Bill Shorten - particularly around capital gains and negative gearing - which were effectively destroyed by the venal conservatives in the 2019 "miracle" election.
Given that many of the pricks in the Federal Parliament (from all sides) own multiple properties, it is hard to see things changing in the short term.