THE BUSINESS: WITH CEO CORELOGIC INTERNATIONAL: 4 OUT OF 5 AUSTRALIANS Believe It is Important to Own your Own Home!

In the studio with Lisa Claes

Posted 27 September 2019

The CEO of CorelLogic International, Lisa Claes, says while it’s getting tougher to buy a house four out of five Australians still believe it’s important to own your own home.

OF course they do … to have the security of a Nest …

Now to save for a 20% deposit it takes an average of 11 years in Sydney with Stamp Duty averaging 3% of the purchase price

The downturn has had little impact upon affordability with low incomes … the dwelling price to household income … that is six and a half times the gross not net household income!

Housing is now 50% higher than it was 20 years ago … impacting not only Gen X and Y locked out but their families having to house them!

HOW did this come about? Was it the massive competition of those from our big neighbour to the north?

-the hideous Foreign Investment Board Review (FIRB) that allowed deve-lopers to sell 100% ‘new homes’ to foreign buyers

-no Anti-Money Laundering Rules to prevent black money awash in our Real Estate (RE gatekeepers exempt October 2018 from second tranche)

WHAT AUSTRALIA needs is a Party that will enable HOUSING AFFORDABILITY for this Whole Cohort locked out … by enforcing the Second Tranche of the AML Legislation, eliminating the overseas sell out and dissolving the FIRB!

AUSTRALIA had that opportunity in 2019!

SHARE TO LET OTHERS KNOW!

THE BUSINESS:  WITH CEO OF CORELOGIC INTERNATIONAL:  4 OUT OF 5  AUSTRALIANS Believe it is Important to own your own Home!

VIEW: 5 Mins

https://www.abc.net.au/news/programs/the-business/2019-09-27/in-the-studio-with-lisa-claes/11556600

In the studio with Lisa Claes

Australia's house of cards

SOURCE: https://www.abc.net.au/news/programs/the-business/2019-09-27/in-the-studio-with-lisa-claes/11556600

CAAN FACEBOOK:

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

WEBSITE:

https://caanhousinginequalitywithaussieslockedout.wordpress.com/