WHEN surveyed many Australians respond our population is now too Big!

WHEN surveyed 35 per cent of Australians respond our population is getting too big for the country to handle! Can this be solved by building dense cities better?

THIS Australia Talks National Survey report, 2021 opens ‘Australia is one of the least densely populated nations in the world’.

HOWEVER what is overlooked is the fact that most people in Australia live on the coastal fringes because this continent is the driest continent on Earth!  It is largely desert country.

AND there have been numerous media reports of Australians having now fled from SYDNEY and MELBOURNE because they no longer found these cities to be so ‘liveable’ …

Our population growth has not been natural but contrived through high immigration of temporary Visa Holders seeking work, or the opportunity to buy homes to gain ‘Permanent Residency.’

(visa workers have been sought after by many employers as they accept low wages. lesser working conditions and payment ‘cash in hand’ to retain their Visas!)

This competition for our housing has locked out a Whole Cohort of Australians as these wealthy overseas buyers outbid them at auctions, and prices escalated!

Our schools, hospitals, roads, trains and buses are ‘all full-up’!

THIS Ponzi Scheme has filled the coffers of developers, toll road makers, retailers …

WHY should we now have to pay more for less?

In every direction we now have higher density, and our urban bushlands, fauna and flora, our Heritage, and our amenity are disappearing …

WHY do we need double our population by 2066? 

Apart from making the Property Titans wealthier?  And enabling wealthy HNW to launder black money in our real estate and gain ‘Permanent Residency’

Perhaps if we returned to a sustainable permanent migration of 70,000 p.a. that may ease the situation and allow for Prof Giles-corti’s recommendation that rather than apartments, a mix of concentrated well-designed housing to create ‘delightful, liveable density’?

READ MORE!

Australians think our population is getting too big but can we build better dense cities

https://www.abc.net.au/news/2021-06-11/cities-population-density-congestion-urban-environment/100183522?fbclid=IwAR3xhxYw_XbmC4-jdjeB3AAbO1m2LHcttfkA2Ls7kaJbSpYr80peV8pAYio

House Price Hike of 10 Years done and dusted over a Few Weeks!

High Temporary Migration by Visa Manipulation to buy Australia’s real estate to gain a Permanent Residency Visa … was the means by which the Property Titans ensured their coffers overflowed!

However, despite the closure of Australia’s International Border with the Pandemic this was again sorted by online purchase through Juwai.com or an onshore Proxy allowing foreign buyers to lay-by their homes …

And now the Property Sector, it appears, has again manipulated through an inadequate housing supply … the return of Expats, low interest rates and First Home Buyer Grants to generate a ten year price hike in a matter of weeks from December 2020 to January 2021 of as much as $200,000 or $300,000!

HOUSING HOWEVER IS ABOUT SHELTER … AND THIS PREDICAMENT MUST BE SOLVED AS SUMMED UP BY A CAAN COMMENTATOR!

THIS will never be solved unless we put in place the right policy tools.

HOUSING is a matter of paying the average Australian enough money to afford a ‘HOME’ without bankrupting all the rest of a family’s needs.

In other words, either you bring down the cost of HOUSING, lower rents and/or lower mortgage payments … more importantly lower HOUSING prices, or you raise the wages and salaries so that they can afford them.

One basic test of the CAPITALIST system we live in is, has it solved that problem????

…. Does the system of CAPITALISM … tool for the ability to produce GREED …. for example, give on the one hand enough wages and salaries, and on the other hand enough units of housing at affordable prices to allow people who need housing to buy their HOMES?

AND (NOT INVESTMENTS) HOMES without spending more than 20% – 30% of their income, and the answer is a RESOUNDING NO!!!!

… CAPITALISM has not done that for millions and millions, and it hasn’t done it for years and years

…. and it doesn’t look like it’s going to be doing it anytime soon.

That’s not a failure of a particular housing industry or the salary worker here or there, it is a FAILURE of the system not to have solved the obvious problem, either bring down the cost and price of housing, or raise the incomes of the people who need them otherwise you will see this CRISIS worsen, and the image of the ‘Homeless’ and down and outs become a part of what defines us here in Australia.

There are a few factors at play not just wages …..

….. NEGATIVE GEARING …. is the other BIG thing that has impacted us … the other great CAPITALIST TOOL that needs to be URGENTLY addressed …. BIG TOPIC … for another day!

What was the Guvmnt’s Plan all along for us?

BECAUSE prior to the 2020 Pandemic for 8 years they told us incessantly that ‘Budget Repair’ was their centre piece …

-much talk of ‘surpluses’ rather than ‘deficits’

-which meant taking more money out of the economy than it puts into it …

-despite lower taxes to grow the economy

-the only way to record a budget surplus is when taxes are higher than government spending

-the tax take dropped from 2007-08 until 2013 when with the Liables return taxation was higher

-prior to the Pandemic lockdowns there were almost 1.9 Million unemployed or underemployed

-despite the Abbott government ‘jobs creation’ most of which went to imported labour

-wages growth at a 20 year low at 2.1 per cent

READ MORE!

Stagnant wages, a higher tax burden, and labour market ‘slack’. Was this the federal government’s plan all along?

https://www.abc.net.au/news/2021-06-06/was-this-the-federal-governments-plan-all-long/100193250

A Tweet about the Effect of Low Interest Rates and the House Price Boom led to a Long Thread!

CAAN: We reckon there is a lot of wisdom to be drawn from these responses to Peter Tulip because obviously many are in Pain!

Conversation

Peter Tulip

@peter_tulip

Could those who loudly complain about the effect of low interest rates on house prices please clarify what they think. Do they really believe that living standards would be better with higher unemployment, lower inflation and higher mortgage rates? Why?

12:26 PM · Jun 4, 2021·Twitter Web App

*Joe Harvey

@SensibleSenta

8h

Replying to

@peter_tulip

I would re-frame the question to how to make housing affordable while containing inflation, minimising unemployment and maintaining living standards. “Living standards” to factor in wages, size of homes, tenants’ rights, adequacy of services, commute times and congestion.

*Chris Cotton

@Fuffalufaguz

Jun 4

Replying to

@peter_tulip

Property prices have doubled while we’re saving for a deposit. We were within months of buying and within 6 months they are now another two years of saving away.

*Chris Cotton

@Fuffalufaguz

·

Jun 4

Young family with two kids. Single income for a bit longer, and a good income. Could only imagine how younger people feel as we are shattered.

CmunityActionAliance

@CmunityActAllce

·

31m

Agree! And For those who sold in 2020 faced w v limited supply Fr Dec 2020 to Jan 2021 price hike $300,000 equiv 2 10 years incrs meant priced out across much of Sydney competition fr those rejecting defect units Prices cont 2 rise

*KP

@lepoint9991

·

Jun 4

Replying to

@peter_tulip

Your question implies an answer already. Let me do the same. Those who loudly advocate for QE, could you please explain how saddling future generations with debt, creating financial vulnerabilities and inequality justifies the decimal point impact to unmp rate?

*Alan Luchetti

@AlanDownunder

·

Jun 5

This is how one really saddles future generations with debt:

*pfh007

@pfh007

Jun 5

Replying to

@peter_tulip

If low interest rates were driving demand for bank credit for productive purposes there would be few complaints. The problem you have is that the ideology of deregulated bank credit (money) creation has been blowing unproductive asset bubbles and not much else for 20+ years. 2/3

otm shank

@SupercruiseTom

·

Jun 4

Replying to

@peter_tulip

I’m unconvinced the cash rate at 3% would create a tsunami of layoffs and worsen the quality of life for most people.

*Jim’s Central Banking

@JimsCentralBank

·

Jun 4

Replying to

@peter_tulip

If the only options are high house prices or high unemployment it’s time to acknowledge the current system is not fit for purpose.

*Peachy

@Peachy_Posts

·

Jun 4

Nice way to set up a completely false dichotomy, eh? Note also presumptive positioning of inflation as a good thing, (ie “lower inflation” is somehow a threat). Land is a factor of production. Would make sense to squash the price. Like we do wages.

*AB 

@Drizt81

·

Jun 4

Replying to

@peter_tulip

I want tighter access to credit. I want private housing investment incentives removed. I want restrictions on the number of housing investments one can have. I want to raise the UI rate to #80aDay and remove mutual obligations. I want a voluntary Job Guarantee to be created.

*AB 

@Drizt81

·

Jun 4

I want heavy investment in public housing.

*abrasion

@abrasion

·

Jun 4

Replying to

@peter_tulip

My savings might generate some money. Maybe the govt could fuck negative gearing off?

*Dane Allen

@DAllenda_1

·

Jun 4

Replying to

@peter_tulip

Of course not but is macropru being used aggressively enough to offset the effect on house prices from low interest rates? The disconnect between wages and house prices suggests not. Is it ideal for so much capital to be channeled into housing?

Peter Tulip

@peter_tulip

·

Jun 4

Before using macropru you need to establish that there are increasing risks to financial stability. That hasn’t been shown.

GIF

Dog’s Breakfast

@breakfast_dogs

·

Jun 4

Replying to

@peter_tulip

Oh FFS. This is a primary school level debating technique. Unfortunately seems to be the level of thinking of most central bank economists.

*Alan Luchetti

@AlanDownunder

22h

This thinking is why

@peter_tulip

is an unreconstructed former central bank economist. Surviving central bank economists have been pleading for the kind of fiscal and regulatory help that Tulip’s question rules out.

Traders trade

@Laurenttrader

·

Jun 5

Replying to

@peter_tulip

No we’d be in recession… There is some extra help for fhbs but there should be more. A bigger interest rate and deposit advantage for fhbs than what currently exists

*Ben McEvoy

@Ben_McEvoyAUS

·

Jun 5

The fear of recession is partially how we got into this mess. Too much excess, crowding of employment, inter-generational wealth inequality, mal-investment & over-leveraging into unproductive assets, unjust tax breaks, over-weight banking sector into RMLs & no room to move IRs.

*FranklyI’mFrank

@MfrankFranklyi

·

Jun 4

Replying to

@peter_tulip

What if you think low rates are at best a bandaid fix for fx appreciation and that monetary policy is a poor way to target employment and living standards if it’s main transmission is to just let more housing be built instead of investment.

*Yus

@yusMelbourne

·

Jun 4

Replying to

@peter_tulip

and

@TheKouk

Only issue with super low interest rates is the only way is up. meaning people won’t be able to service the loans when interest rates go up even 0.5%. This would cause a glut. Oz won’t have any control in interest rates as banks borrow most of their costs from overseas.

Yus

@yusMelbourne

·

Jun 4

Living standards are best when we have average stable interest rates. As John Howard once said that’s 7%. Failure to manage our economy from the liberals are going to see pain from the people in the future no matter who the government is….



Sitiveni

@sitiveni05

·

Jun 5

Replying to

@peter_tulip

Says the Keynesian who still believes in the Phillips Curve

GIF

*George Whitefield

@GWF61

·

Jun 5

Replying to

@peter_tulip

We have built a system where housing is used for wealth creation and not for housing. Picking out one small part of a big problem and acting like people are saying its the whole problem is disingenuous. Letting wealth inequality run rampant will have consequences.

*Gary FitzGerald

@gjfitzgerald

·

Jun 5

Replying to

@peter_tulip

The issue is that because we have an economy based on speculation instead of production the time will come for lots of tears.

MC 

@optiks

·

Jun 5

My neighbour across the road bought $2k in cryptos and “made” $800 overnight. He was rapt. All I could think was “you gained, with zero contribution to society”. Meanwhile, the minimum wage worker is put at risk during covid.

*Phillip Rockstroh

@PhillipRockstr1

·

Jun 5

Replying to

@peter_tulip

We are witnessing a generation of “geriatric first home buyers” (I’m coining that term right now). Home buyers that are locked out until mid-late thirties. They are guaranteed to be paying mortgage entire working life and probably into retirement. They have no funds left for 1/2

*You are good to go!

@OwwwPapercut

·

Jun 5

That can be fixed with inter-generational loans. Limiting mortgages to 30 years unfairly limits banks’ abilities to maximise their profits.

James King

@rickjamesking

·

Jun 4

Replying to

@peter_tulip

RBA given one tool to try and achieve full employment and price stability. A tool that only indirectly influences those targets. It directly impacts house prices. That is the problem

pfh007

@pfh007

·

Jun 5

Replying to

@peter_tulip

That so many of our “economists” seem to think this failed model is the best on offer and whinge when they are challenged is the only mystery. 3/3

David Taylor

@DaveTaylorNews

·

Jun 4

Replying to

@peter_tulip

You present a false dichotomy

Rob Shears

@ValorWealth

·

Jun 4

Replying to

@peter_tulip

depends who you talk to. Those trying to save for a house are spending less because of low rates. Those who just borrowed too much because of high house prices are not overly enjoying life. Retirees trying to live off low rates are struggling. Rich are richer. Most are worse off

heh

@hisbanterness

·

Jun 4

retirees have surfed the low rates wave just as much as anyone if theyve owned their own house and had any form of super…basically 20 baggers that have also provided a roof

pfh007

@pfh007

·

Jun 5

Replying to

@peter_tulip

Clarify? There can never be enough “clarity” for those obsessives who are still insisting that a public monetary system built around a private bank monopoly on accounts at the RBA is NOT the problem. 1/2

Volociraptor

@V0Lociraptor

·

Jun 5

Replying to

@peter_tulip

Spoken like a true Keynesian. How about the obscene mis-allocation of capital to non-productive (ok, at best temp. in nature) investment. The behaviour these policies create will have neg impacts for decades and will be another central bankers problem, and that’s the problem.

Andrew

@tinbot88

·

Jun 5

Replying to

@peter_tulip

He asks the question as if there are only two options which pretty much sums up the whole problem of how everyone is looking at this.

Prawntails

@Prawntails1

·

Jun 5

Also 30 year downward trend of low interest rates is an end game

headoffatness

@headoffatness

·

Jun 5

Replying to

@peter_tulip

Imagine, like, not running contractionary fiscal policy at the same time as negative rates. Lol I know right

Richard Hatcher

@Rich_exists

·

Jun 4

Replying to

@peter_tulip

Mate you need to chat to Warren Mosler. Insane how credentialed and misguided you are.

headoffatness

@headoffatness

·

Jun 5

Replying to

@peter_tulip

How good is a services economy exports in a global pandemic ? Lol j/k we got iron ore

jimbo

@jimbojames1

·

Jun 5

Replying to

@peter_tulip

So looking forward to living standards for the kids when the average mortgage is $6m and they’re living in Gina’s $2 a day utopia. That maths works fine.

Rohan Pitchford

@PitchfordRohan

·

Jun 4

Replying to

@peter_tulip

What’s the lower limit on r? -10? Why not keep going lower and get unemployment to zero %?

@KensoVoice

@KensoVoice

·

Jun 5

Replying to

@peter_tulip

The question, Low interest rates inflating housing prices, easily fixed, by govt whose MPs aren’t multiple housing investors themselves. 𝗟𝗶𝗺𝗶𝘁 𝗱𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗖𝗚𝗧 𝘁𝗼 𝗼𝗻𝗲 𝗹𝗶𝗳𝗲𝘁𝗶𝗺𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 property .

@DaveTaylorNews

@1petermartin

Chris

@real_bedwah

·

Jun 4

Replying to

@peter_tulip

Does Perth have a different interest rate to sydney?

Roman de Renart

@howisthewater

·

Jun 4

Replying to

@peter_tulip

A useful discussion would inspect history or other nations & identify when / where nations have gotten housing right & why. My impression is government has a role in creating affordable housing & the best source of revenue for that role is likely be housing rent / speculation.

Rusty Smeaton

@RustySmeaton

·

Jun 4

Replying to

@peter_tulip

Depends how many houses do you own?

Batterymetals

@Batterymetals1

·

Jun 5

Replying to

@peter_tulip

Why not bring in macro pru then?

Vavid Zasselhoff

@zasselhoff

·

Jun 5

Replying to

@peter_tulip

GIF

Ngati Pakeha Kuia Member #Team of Five Million

@carol_stirling

·

Jun 5

Replying to

@peter_tulip

Cheap money has fuelled the Housing Market.

Jennifer Duke

@JennieDuke

·

Jun 4

Replying to

@peter_tulip

Baby bath water issue imo

Janet’s Yellin

@yellin_janet

·

Jun 4

Replying to

@peter_tulip

Using the price of fixed assets held by the landed gentry to facilitate higher living standards is literally the definition of feudalism.

Thad T. Goldenbaum OAM

@goldenbaum_t

·

23h

Replying to

@peter_tulip

Sometimes you need to knock the house down and rebuild…..we’re at that point

More replies

TwoDucksButts

@julesontwits

·

Jun 5

Replying to

@peter_tulip

Ok boomer. You look old enough to remember the 90s when interest rates were at 13% with a lower population, lower house prices, lower household debt to GDP and lower unemployment. Low interest rates have had the opposite effect. Now people will retire with mortgages.

CAAN:  Actually interest rates rose to 18%  in the 90s and some also lost their homes then too!

*Jack

@jackcampbell777

·

Jun 4

Replying to

@peter_tulip

Truly sad that a person with your background speaks like this. You won’t acknowledge the extraordinary market price distortions today and massively inflated prices across asset classes including housing? And ever widening wealth gap? Always leads to crashes which hurt the poor.

*James Penter

@JamesPenter

·

22h

Replying to

@peter_tulip

@peter_tulip

is so full of academic bullshit, so disconnected from the reality of people struggling to find affordable stable housing for their families. So clueless not to acknowledge that the major reason for housing unaffordability is low interest rates, lax lending standard

Jun 5

Replying to

@peter_tulip

You seem to be in the minority here Mr Tulip. Plenty of good ideas here, you guys don’t seem to have any. How many properties do you and board members own???

*Sir Valence Nation

@BotLiquor

·

Jun 5

Replying to

@peter_tulip

False dichotomy. Aren’t living standards better associated with productivity? IR up/down tends re-allocate/transfer/concentrate resources/wealth. Lowering IR concentrates wealth to existing assets (top %). Increase productivity tends to benefits all including bottom %.


Jugdish

@Clive99465936

·

Jun 5

Replying to

@peter_tulip

Encouraging people to buy things they can’t afford is dangerous and simply kicking the can down the road. The younger generations will have to work to the grave. All for the benefit of rich baby boomers who are merely pushing back on the inevitable credit crunch.

Dom

@Dom94656454

·

8h

Replying to

@peter_tulip

Higher house prices with higher debt levels on lower interest rates and relaxed lending laws = lower mortgage payments. Let’s reverse that. House prices slow down or drop, interest rates move up = mortgage payments increase. Higher costs = impacts living standards

*Sam

@mayorquimby123

·

Jun 5

Replying to

@peter_tulip

Maybe you could explain the benefits of low rates? 1. Zombie firms 2. Lower productivity 3. Asset bubble inflation 4. Greater wealth inequality 5. Speculation & risk incentivised 6. Savers punished

*Sir Cookie Boy ®

@Barric_Tooker

·

Jun 5

Replying to

@peter_tulip

also Pete if you honestly believe the unemployment rate is at 5.5% you are delusional

Stephen L St Clair

@StephenLStClai1

·

Jun 5

Totally Sir Cookie. Rubbish ABS counting methodology, just like inflation numbers.

*eoin maher

@eoineditor

·

Jun 4

Replying to

@peter_tulip

Why would higher interest rates lead to higher unemployment? Why would higher interest rates lead to lower inflation? The last decade and a half have shown the opposite happens. Your view of the cause and effect of this is anchored in the dismal science of the 1970s.

*eoin maher

@eoineditor

·

Jun 4

I’ll make you a deal – make the CPI an measure of things people put actual money into (housing especially but also equities) and see where that gets us. Right now the measure of inflation is a lever to supercharge inequality by making money cheap for speculation.

*Mitch

@mitchell_tynan

Jun 4

Replying to

@peter_tulip

I think that you are mistakenly forcing a binary outcome where you are in hindsight, resulting the recent past as though there is no other option. The mere fact that you cannot raise rates without causing hardship proves lowering interest rates this low was an error in policy

*Mitch

@mitchell_tynan

Jun 4

There are always options. The RBA has chosen this policy and now has to live with the consequences.

T P

@TCPeglow

·

Jun 5

Replying to

@peter_tulip

You are ex-Fed? This has to be a parody… Do you guys ever study/read real world economics? I’m baffled.

Rémi Chauvin

@monsieurremi_

·

Jun 4

Replying to

@peter_tulip

How many houses do you own Peter?

Representative Agent 

@strayanomics

·

Jun 4

Replying to

@peter_tulip

Mostly they think that more fiscal should be used so that unemployment is lower, inflation is higher, and the need for ZIRP is removed. But you know that.. you’re just being obtuse. Why?

Elon Musk: Humble Folk Hero

@billionaire_ca

·

Jun 4

Replying to

@peter_tulip

you ever hear of malinvestment? is it good for the economy?

What will High House Prices and Stagnant Wages mean?

WHAT WILL HIGH HOUSE PRICES AND STAGNANT WAGES MEAN?

Key Points

-January 2021 Sydney house price was $872,000; start of June it is $970,000.

-a jump of almost $100,000 in a matter of months

YET in Ryde it jumped $300,000 from December to January 2021! In a matter of weeks … was this where it started?

however banks are beginning to withdraw the cheapest of their very-cheap mortgage rates; the fixed four-year rates of below 2 per cent

-three-year rates have barely moved; the RBA has promised to hold the three-year bond rate constant at 0.1 per cent

BE AWARE …

-homes were cheaper until the end of the 1990s; typically cost between two and three times household after-tax income

.over time the loan was easier to pay off

.because during the 90s wages and house prices were climbing

-homes now cost closer to five times after-tax income

-the number of homeowners at retirement who are still paying off mortgages has doubled

IS this why some banks ask for details of your Super before granting a loan?

HOW will borrowers overcome this?  How can we get WAGES Growth?

… Join a Union!

READ MORE! 

Paying off a mortgage used to be easier than it looked. High house prices and stagnant wages have changed that reality

https://www.abc.net.au/news/2021-06-02/paying-off-mortgage-used-to-be-easier-house-prices-wages/100181488

The original NSW Bank Wire Promoting the Housing Boom on Twitter

NOW known as … W.stP.c … its Wire promoting the Housing Boooom on Twitter .. well it sucks!

THINK about the following …

WHEN the Real Estate Agent asks you to price the property either repeat back the lowest guide price, or lower it!

WHY play into their hands and destroy your future?

Currently a $1000 price rise daily!

VERY limited stock, and much of what is there is what sellers want to offload

WHY? Because they are …. on or near main roads including Pacific Highway, Princes Highway, the M1, President Avenue, Epping Road, Ryde Road, Victoria Road, New Line Road …

-built on cliffsides, hillsides with water issues and or water courses flowing through sandstone underneath

-massive POWER STANCHIONS in the front corner of the lot or beside the house

-termite damage … risky … are they still there?

-subdivided lots with narrow shared driveways; reverse access only!

-dilapidated; not even a coat of paint!

-damp; mould

-5, 6, 7, 8 bedrooms

MEANWHILE home owners who are NOT BUDGING … can gloat … that their ‘Home’ is now worth $2 MILLION or more …

BUT what does it really mean other than much misery for those seeking SHELTER … isn’t that what HOUSING is really about?

WHAT a nasty corrupt little nation AUSTRAYA has become …

Westpac Wire@WestpacWire from ‘red hot’ to ‘hot’, @WestpacMacro’s @Matthew_Hassan_explains that Australia’s booming property market shows little signs of slowing as strong price gains continue.

Promoted

VIEW: Full story – https://westpac.com.au/…/home-open-from-red-hot-to-hot/…#housing#realestate#property#economy

Apartment Owners suing Sydney Developer TOPLACE over dozens of ‘Defects’ in near new Parramatta Buildings

APARTMENT OWNERS SUING SYDNEY DEVELOPER TOPLACE OVER DOZENS OF ‘DEFECTS’ IN NEAR NEW PARRAMATTA BUILDINGS

The Body Corporate of Riviera Apartments shortly after settlement launched court action for 45 types of defects!

Including corroding concrete, acoustic, fire and life safety, hydraulic, electrical and mechanical matters

-general building defects like incorrectly installed doors, concrete wall panels, expansion joints as well as bathtubs, hand basins and toilets

-other defects claims relate to the installation of plasterboard walls, waterproofing of bathrooms and defective installation of internal water pipes in the laundry

READ MORE!

https://www.abc.net.au/news/2021-06-03/parramatta-apartment-owners-suing-sydney-developer/100185356?fbclid=IwAR2YP-41KOFeLxMA_-nBd3qZTrg1a5X9B1-5CU7bwa10h5d0eb-qIm4XKS0

Related article: Toplace is the same developer behind the $260 million Skyview towers complex in Castle Hill, currently under review.

https://www.abc.net.au/news/2021-05-13/fair-traiding-finds-issues-at-major-sydney-apartment-development/100107048?fbclid=IwAR2XH_L29g0xV1O4S6je0jy2zhyehBnlOZmmB-8FRRUcGWHkZ631YuPbeJw

SEARCH CAAN WEBSITE AND FACEBOOK FOR EARLIER REPORTS ON TOPLACE, JEAN NASSIF, SARKIS NASSIF

CAAN WEBSITE:  

https://caanhousinginequalitywithaussieslockedout.wordpress.com/

LIKE CAAN ON FACEBOOK!

https://www.facebook.com/Community-Action-Alliance-for-NSW-744190798994541/?ref=aymt_homepage_panel

Property Experts Push for a Post-Pandemic Population Boom

‘Ever wondered what those who wish to influence our society are up to?’

Have a read …

https://www.mansionglobal.com/articles/australia-prepares-for-a-post-pandemic-population-boom-227737

Then …

-‘how different is this from Macro Business, ‘Nordic Countries show the way on Immigration’

In which the Unconventional Economist explains that since 1960 the Nordic countries have only grown their populations by a mere 25% compared to the 150% growth in Australia!

And NORWAY has a commodity economy like AUSTRALIA …

WHY can’t Australia focus on improving productivity and living standards?

Sweden, Denmark, Finland and Norway are among the wealthiest, happiest and with the highest living standards

Without mass immigration for population growth … to benefit the titans …

Cashed-up Chinese Buyers swarm Australia’s Housing Market with their sights set on Major East Coast Suburbs

Juwai lists Melbourne, described as a 'city of opportunities and fortune' as the best city for investment, notably because of 'strong government support' for overseas buyers
AAP Image shared from ‘Cashed-up Chinese buyers swarm Australia’s Housing Market … ‘

CONTRARY to reports from other media outlets JUWAI alleges that cashed-up Chinese buyers are flocking back at 51% to Melbourne, Sydney, Newcastle and Brisbane

Housing price hikes have fuelled FOMO in China … just what we need …

HOW can this be so with our borders closed?

OR are they lay-buying our real estate? Having gained a PERMANENT RESIDENT (PR) Visa on purchase

AND they have their Onshore Proxy here … rels, and friends …

HOW can this be stopped?

SHOULDN’T SCOMO follow New Zealand’s lead and stop foreign buying of our real estate?

That has increased the supply and reduced prices in NZ for their people!

READ MORE!

Cashed-up Chinese buyers swarm Australia’s housing market with buyers rocketing by 50 per cent

Are your Eyes Wide yet Shut?

Eyes Wide Shut

EYES WIDE SHUT!

A sobering look at the politician who ‘saved Australia’!

Shared from a contributor on ‘Gladys Berejiklian must go’

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