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The future of Australian property prices

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sptrawler said:
Actually it is people talking about the issues, both positive and negative that drive change, as can be seen on multiple fronts e.g climate change and shareholder activism, gay rights, distasteful and poorly directed Govt policy.

So in your opinion I shouldn't be negative about the issues that I've raised, that's an interesting perspective, so we as investors shouldn't be demanding a change of direction and more value adding industries be developed, we should just shut up and accept our fate?

Obviously we have different underlying beliefs, so be it, put me on ignore. :xyxthumbs

P.S I'm not always negative and I don't think all pollies are useless, if you look in the Western Australia thread earlier today I was actually singing the praises for Mark McGowan, so it isn't as though I don't give credit where I think credit is due.
Click to expand...

Albo's army of "unemployable" Indians to wreck jobs market

The ABC is celebrating Albo’s attempt to address Australia’s burgeoning underclass of migrant workers (having labeled anybody discussing it “racist” for ten years): It’s called the TSMIT — the temporary skilled migration income threshold. Set for the last decade at $53,900, it’s the minimum rate...
www.macrobusiness.com.au www.macrobusiness.com.au
Maybe a pioneer at the start of the wave?
 
Back on topic Mark McGowan is certainly stumping up some money, for the social housing problem, hopefully all the other States follow suit and start to put some downward pressure on the private rental sector.
I still find it difficult to understand, why the State Governments, don't take the maintenance and some of the building in house again. Then use that as a pathway to train and give skills to unemployed people, rather than just paying for skilled migration.

www.abc.net.au

Housing crisis sparks half-a-billion-dollar budget injection to build 700 new social homes in WA

The WA government is committing another $511 million to social housing and homelessness initiatives under the state budget in a fresh bid to offer enough properties for those most in need.
www.abc.net.au www.abc.net.au
From the article:
The Western Australian government will inject $511 million into social housing and homelessness initiatives under the state budget in its latest attempt to combat the housing crisis.

Key points:​

  • There will be 700 new social housing homes and fixes to old properties
  • Homeless people in regional WA and the Keystart program will also benefit
  • Almost 30,000 people were on the social housing waitlist in WA last year

As part of the commitment, $450 million is to be spent on building 700 new social housing homes, as well as fixing the Department of Communities' ageing housing stock.

The government will also assign $49 million to a program designed to provide 100 supported landlord homes for those experiencing homelessness in regional WA.

Amendments have been made to Keystart's pilot Urban Connect program, with one-bedroom apartments to become eligible under the scheme.
Premier Mark McGowan said the government had now promised more than $2 billion to social housing in the past two years, something that would deliver 4,000 properties.

As thousands lingered on the waitlist, figures also revealed almost 2,000 social houses across the state were empty and in need of repairs, maintenance or demolition last year.

The housing sector was also positive about the news.

"Investment property owners have been exiting the WA market in droves, with nearly 20,000 fewer rentals available in WA now than January 2021, and we know that a shortage of private rentals always puts enormous pressure on social housing, so these budget initiatives are a welcome move," Real Estate Institute of WA CEO Cath Hart said in a statement.

The half-a-billion dollar budget investment comes after the government announced an almost $48 million package over the weekend to boost the state's building and construction workforce.

The package will see $11 million assigned to attracting skilled migrant workers with visa subsidies and a temporary relaxation of the migration criteria.
 
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sptrawler said:
Back on topic Mark McGowan is certainly stumping up some money, for the social housing problem, hopefully all the other States follow suit and start to put some downward pressure on the private rental sector.
I still find it difficult to understand, why the State Governments, don't take the maintenance and some of the building in house again. Then use that as a pathway to train and give skills to unemployed people, rather than just paying for skilled migration.

www.abc.net.au

Housing crisis sparks half-a-billion-dollar budget injection to build 700 new social homes in WA

The WA government is committing another $511 million to social housing and homelessness initiatives under the state budget in a fresh bid to offer enough properties for those most in need.
www.abc.net.au www.abc.net.au
From the article:
The Western Australian government will inject $511 million into social housing and homelessness initiatives under the state budget in its latest attempt to combat the housing crisis.

Key points:​

  • There will be 700 new social housing homes and fixes to old properties
  • Homeless people in regional WA and the Keystart program will also benefit
  • Almost 30,000 people were on the social housing waitlist in WA last year

As part of the commitment, $450 million is to be spent on building 700 new social housing homes, as well as fixing the Department of Communities' ageing housing stock.

The government will also assign $49 million to a program designed to provide 100 supported landlord homes for those experiencing homelessness in regional WA.

Amendments have been made to Keystart's pilot Urban Connect program, with one-bedroom apartments to become eligible under the scheme.
Premier Mark McGowan said the government had now promised more than $2 billion to social housing in the past two years, something that would deliver 4,000 properties.

As thousands lingered on the waitlist, figures also revealed almost 2,000 social houses across the state were empty and in need of repairs, maintenance or demolition last year.

The housing sector was also positive about the news.

"Investment property owners have been exiting the WA market in droves, with nearly 20,000 fewer rentals available in WA now than January 2021, and we know that a shortage of private rentals always puts enormous pressure on social housing, so these budget initiatives are a welcome move," Real Estate Institute of WA CEO Cath Hart said in a statement.

The half-a-billion dollar budget investment comes after the government announced an almost $48 million package over the weekend to boost the state's building and construction workforce.

The package will see $11 million assigned to attracting skilled migrant workers with visa subsidies and a temporary relaxation of the migration criteria.
Click to expand...
Ah Magnificent Mark as usual leading the way
 
Back to the thread topic:
So we import 600k extra persons and WA launch a program for 2000 new homes..so what enough for 8k people's..probably less
Since 2021, WA lost 20k rentals
That's a good move but 2k new houses not even enough to compensate lost rentals, let alone close the gap.
And it takes more than a year in Oz to build a home.
The extra immigration is a direct path to slums..either for the new arrivals or for the lowest poorest present inhabitants..and this under the guise of a Labour left wing party...
I am happy to be a privileged one, with an option to get out
 
qldfrog said:
Back to the thread topic:
So we import 600k extra persons and WA launch a program for 2000 new homes..so what enough for 8k people's..probably less
Since 2021, WA lost 20k rentals
That's a good move but 2k new houses not even enough to compensate lost rentals, let alone close the gap.
And it takes more than a year in Oz to build a home.
The extra immigration is a direct path to slums..either for the new arrivals or for the lowest poorest present inhabitants..and this under the guise of a Labour left wing party...
I am happy to be a privileged one, with an option to get out
Click to expand...
The good thing is from W.A's perspective, most of the newcomers will head straight over East to get on the ponzi wagon, for the easy money.
 
:banghead: who is going to hold the whip when it comes time to force the unmplyed to be trained for a job they don't want :inlove:
 
Jeda said:
:banghead: who is going to hold the whip when it comes time to force the unmplyed to be trained for a job they don't want :inlove:
Click to expand...
More to the point who is going to fund the unemployment benefits, for those who don't want the job? When it becomes unaffordable, as is currently happening with the NDIS. :rolleyes:
Or to put it another way, the job that our unemployed don't want still get filled, who by? People like the South Sea Islanders, why do they want to do the jobs? Because they don't get unemployment benefits where they live.
Could that happen here? Who knows, but if you double the population without doubling the amount of jobs available, it soon becomes very expensive to be paying people to sit at home because as you say "it's a job they don't want".

As the charts I posted showed, the only growth area in employment is in the service industries and the focus on immigration is on skilled workers, the higher paid skilled jobs are in mining and manufacturing where employment is falling due to technology.
So following that line, there will be a lot more competition for fewer skilled higher paid jobs, which the people from less affluent countries will jump at.
That will leave more and more service industry jobs for our kids, unfortunately the skilled jobs usually pay more, so join the dots.
It is actually a very good plan, it will only be a matter of time before no one will have to hold a whip, because people will be gagging for a job as happens in most countries.

As they always say, we are 30 years behind the U.S and already trailer parks are starting to look like an attractive option for many.
I don't mean to be too negative and stating the obvious doesn't mean it will happen, that's why discussing it opens up ideas and options so that maybe we can help those nearest us avoid what is becoming a sad reality for many.;)
 
Last edited:
Jeda said:
:banghead: who is going to hold the whip when it comes time to force the unmplyed to be trained for a job they don't want :inlove:
Click to expand...
Already options are starting to appear, for those who don't want to participate in workforce. ?
But we are drifting off the core subject which is housing people, yet a job in the military gets people off the street for a couple of years and they will be given training. Two birds, one stone.:whistling:
You just have to think outside the box @Jeda that allows you to see opportunities, which is what investing is all about. ?
www.theage.com.au

Secret China ‘war-gaming’ exercises expose Australia’s defence weaknesses

The classified version of the defence strategic review examined what would happen if Beijing had a permanent military foothold in a neighbouring Pacific nation.
www.theage.com.au www.theage.com.au

Top-secret war-gaming exercises conducted for the Albanese government have found the Australian Defence Force would struggle to respond to alarming but plausible scenarios such as China establishing a military base in a nearby Pacific nation.

A base on the Solomon Islands or Vanuatu would bring the Chinese military within just 2000 kilometres of the Australian mainland and upend the current balance of power in the south Pacific.

“The message was, ‘You’re f---ed’,” one source who was familiar with the review but not authorised to speak publicly said of the war-gaming exercises.
The revelations from the classified version of the review come as the government announces it will try to address the staffing crisis plaguing the Defence Force by offering service members bonuses of up to $50,000 at the end of their initial period of service if they commit to a further three years in the military.
 
sptrawler said:
Already options are starting to appear, for those who don't want to participate in workforce. ?
But we are drifting off the core subject which is housing people, yet a job in the military gets people off the street for a couple of years and they will be given training. Two birds, one stone.:whistling:

www.theage.com.au

Secret China ‘war-gaming’ exercises expose Australia’s defence weaknesses

The classified version of the defence strategic review examined what would happen if Beijing had a permanent military foothold in a neighbouring Pacific nation.
www.theage.com.au www.theage.com.au

Top-secret war-gaming exercises conducted for the Albanese government have found the Australian Defence Force would struggle to respond to alarming but plausible scenarios such as China establishing a military base in a nearby Pacific nation.

A base on the Solomon Islands or Vanuatu would bring the Chinese military within just 2000 kilometres of the Australian mainland and upend the current balance of power in the south Pacific.

“The message was, ‘You’re f---ed’,” one source who was familiar with the review but not authorised to speak publicly said of the war-gaming exercises.
The revelations from the classified version of the review come as the government announces it will try to address the staffing crisis plaguing the Defence Force by offering service members bonuses of up to $50,000 at the end of their initial period of service if they commit to a further three years in the military.
Click to expand...
The funny thing is that we are increasing migration and if you read the last AFR, we are all doomed by lack of population ,a narrative being served at the exact time where AI and "humanoid" robots are coming to replace most if not all of the work positions.including the ones we do not want to do
Even things like bricklayers, painters etc
And obviously baristas waitress.
We are at a time when we can go Japan or Bogota and the power in charge decide slum is the way to go, as the hords of hungry slum inhabitants are easy to control, do consume..power,nappies food and keep the wheels running for the giant industry majors.
European were not given the choice, actually they were 40y ago, too late now..we have the choice and decided to carry on with ALP....great for current older voters less for the kids...
 
qldfrog said:
The funny thing is that we are increasing migration and if you read the last AFR, we are all doomed by lack of population ,a narrative being served at the exact time where AI and "humanoid" robots are coming to replace most if not all of the work positions.including the ones we do not want to do
Even things like bricklayers, painters etc
And obviously baristas waitress.
We are at a time when we can go Japan or Bogota and the power in charge decide slum is the way to go, as the hords of hungry slum inhabitants are easy to control, do consume..power,nappies food and keep the wheels running for the giant industry majors.
European were not given the choice, actually they were 40y ago, too late now..we have the choice and decided to carry on with ALP....great for current older voters less for the kids...
Click to expand...
How does the old saying go, change the things you can and accept the things you can't. :wheniwasaboy:
 
sptrawler said:
Already options are starting to appear, for those who don't want to participate in workforce. ?
But we are drifting off the core subject which is housing people,
You just have to think outside the box @Jeda that allows you to see opportunities, which is what investing is all about. ?
Click to expand...

:wheniwasaboy: there's the pot calling the kettle black, your box is so big it is in a box :bag: and thanks for the ivesting ideas that you throw around, i'll use them all while building the current rental ?️
 
Jeda said:
:wheniwasaboy: there's the pot calling the kettle black, your box is so big it is in a box :bag: and thanks for the ivesting ideas that you throw around, i'll use them all while building the current rental ?️
Click to expand...
There you go, if you can't beat them, join them. Great move IMO. :xyxthumbs
It's good to get some investing input from you. ;)
 

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