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!
An image from this developer lobby group to promote the idea that ‘Immigration matters’ … which it does very much to this lot. It is about their GROWTH through this PONZI Scheme at the expense of the amenity of communities across Sydney and beyond
WHY wouldn’t the Urban Taskforce support the growth of Sydney as outlined in the Metropolitan Strategy? Whoda thought who would have instigated this growth?
THE UT reports thatthey believe the growth could be higher than the governments predictions, if immigration levels are maintained.
THE PONZI!
They acknowledge that they understand that the community (us) have concerns about the change of character that will flow from a move to a more urban environment. Substitute with the description of ‘high-rise and higher density’!
Apart from the ‘change of character’ what the turbo-charged GROWTH has meant when once it took 20 minutes to drive across a few suburbs it now takes 50 minutes! Commuters constantly sit at traffic lights. Our infants are being schooled in demountable classrooms and have nowhere to play … our buses, trains and hospitals are all full-up!
House prices escalated with the Howard Government in the late 1990s allowing Middle Class Chinese to invest in education and our real estate to gain ‘Flexible Citizenship’ … hence a property boom in the early 2000s.
And again with onshore proxy and foreign online buying (Juwai) between 2015 and 2017… continuing until the border closures …
Currently following these closures with interest rates low, First Home Buyer grants, many selling their apartments for the freedom of a house and garden … thus inflating demand … and house prices have again escalated like never before! Jumping $300,000 plus from December 2020 to January 2021!
Was the UT behind this too? To make houses unaffordable so they can offload more apartments which buyers had been resisting due to so many defective development reports. Cough … cough …
THE UT suggests that somehow the extra770,000 new housing units will need to go somewhere ‘so we are demonstrating one approach towards this’!!
With a return to high immigration the shortage and high prices for Australians will maintain!
NOTE in the UT’s “Urban Ideas: Migration Matters”, the Sponsors including major sponsor Meriton and sponsor Ceerose which have been major beneficiaries of high immigration … ‘Ol Harry’ (Mr Meriton) even went so far as to say this in a report in 2019 in the SMH!…
-China has more than 1 billion people, and they love Australia. I think they love Australia as much as we love Australia. So there will always be enough of them that will buy.
-My grandsons, they understand everything. The real thing is how do you make things happen. I teach them how to make things happen.
SCROLL down to find which companies have representatives on both the Executive and Steering Committees of the Urban Taskforce! Developers who, it appears, have had much influence on NSW INC … and constructed many Precincts across Sydney and housing developments across Sydney and its urban fringes …
Urban Taskforce Executive Committee at 2021
The Urban Taskforce Executive Committee is elected by the members and oversees corporate policy, governance and financial management of the Urban Taskforce Australia. It includes some of Australia’s leading property developers.
The Executive Committee DEVELOPER members are:
KWC Capital Partners
Rebel Property Group
Multiplex
Walker Corporation
Update on Walker Corporation:
In April 2021 from Save Sydney’s Koalas
‘This Walker Corp. concept plan in their Bushfire Report shows their proposed plan for the whole Appin area which will comprise 259 residential lots. With the removal of 25 hollow-bearing trees, the impact on the wildlife will be terrible. Not to mention the increased heat from the removal of trees and more heat-trapping asphalt and concrete’
Walker’s Parramatta Square project $3.5Bn is currently under development … but where there has been much controversy is in Sydney’s South West esp. around the rural village of Appin!
There Walker Corporation has very large landholdings in the midst of Australia’s chlamydia free Colony of Koalas!
And through developers like Walker Corporation, Country Garden, LendLease … much of Sydney’s former foodbowl has been lost to housing developments.
How has this come about?
View: Property Developers are among the biggest Political Donors in Australia, but should they be allowed to be?
These lobby groups have so much clout that no doubt because the Liberal Party has enjoyed so much $upport from the Property Council of Australia, the Urban Taskforce and others, what choice remained for the Labor Party?
View: Federal Parliament just weakened Political Donations Laws while you weren’t watching
Despite the local councils’ refusal in September 2020, Planning Minister, Rob Stokes granted approval to rezone the rural landholdings for the Macquariedale Road Project now for 260 homes!
IF our governments had looked to the future health of our environment immigration levels would have been maintained at some 70,000 per annum not 300,000 or more annually!
Again property developer influence with the FIRB Ruling (2008/09) allowing developers to sell 100 per cent of new homes to foreign buyers …
Urban Taskforce Executive Committee at 2021 continued:
The Urban Taskforce Steering Committee focuses on public policy issues. The Steering Committee includes a mix of property developers and key experts in the areas of urban planning, law, construction and finance.
TODAY in The Big House JOSHY is talking up the Liables economic management with A TAX Offset known as the ‘Lamington’ payable when low to middle income workers lodge their tax return.
Worth up to $1080 for singles earning under $126,000 and $2160 for couples on low and middle incomes
BUT isn’t this really about their LOW WAGES?
-LOWEST WAGES GROWTH FOR MORE THAN 60 YEARS
Say Tax of $15,000 on a $65,000 annual income is a lot!
Despite tertiary qualifications …
Many have to work weekends for this $65,000
Some $49,000 somethin’ left after TAX does not buy a lot!
Deduct RENTAL costs many have to share!
Utilities
Food
Clothing
Transport fares
Modest spend on home entertainment
Having a night out with your girlfriend
NO MONEY TO BUY A CAR
SCRATCHING TO SAVE A HOME DEPOSIT … STILL SCRATCHING AFTER YEARS OF SAVING!
JOSHY then reckoned they were a low taxing government …
IT would seem he is talking about Party Donors … their business mates who dodge Tax … legally of course … a law for them who can ‘legally’ write off expenses for business including ‘company limousines’, and a law for ‘the rest’ … to pay more than their share …
JOSHY then said the Scummo Grubment had reduced UNEMPLOYMENT … cough … cough … of course he did not refer to the FACT that with our INTERNATIONAL BORDERS CLOSED and the huge supply of VISA WORKERS CUT that now the Jobs Market actually opened for Australians … !!
The AUSTRALIA INSTITUTE explains how despite almost 2 MILLION AUSTRALIANS unemployed and/or underemployed the Business Sector allege there are ‘SKILLS SHORTAGES’.
How could this be?
Richard Denniss and Matt Grudnoff unpack and explore the obvious solutions that are often resisted by Government and employers.
MEANWHILE the push is on by the Business Council of Australia and many others because of these ‘alleged’ Skills Shortages for A RETURN of VISA WORKERS …
… lured by a ‘Permanent Resident Visa’ in exchange for slave rates …
HOW LONG BEFORE AUSTRALIAN WORKERS ARE AGAIN UNEMPLOYED?
Recent survey revealed that Scummo the ‘Big Boy’ was more popular with the blokes … recall that Howard had his Tradies … and Scummo again follows suit …
Morrison Government has given tax breaks worth $18Bn for utes and machinery. That’s 10 times the childcare relief announcement which doesn’t start until 2022
$17.7 billion over 5 years for aged care. $3.5billion a year: 1/3 of what the RC found had been CUT over the last 25 years and less than half of its recommended funding boost.
Also: half of the annual cost of #FrankingCredits being paid to non-taxpayers.
Money for toys for the boys, with some crumbs for women and children #Budget2021
So tradie welfare more important than our elderly. How good are tradies?
AND what’s more important?
There has been an emphasis over many years now on developing Australia’s capabilities’ in innovation and technology … to turn us into a ‘Smart Nation’ …off loading manufacturing, giving up on skilled hands on based working jobs and looking to CHINA.
Importing Skilled workers instead … ‘As required’.. Well, it has backfired big time. Now we are desperate. The Morrison Government cut $325.8 million from vocational funding in its agenda to deprioritise TAFE.
Since being in government the Federal Coalition has overseen 140,000 fewer apprentices now than when it was elected, and cut $3 billion from vocational education funding.
Now In times of PANDEMIC imposed upon us by the very nation we relied on even with the plethora of visas and purpose 457’s in the past usually from CHINA we are left to hang dry. We hopelessly turned to the tertiary sector rivers of gold Universities to drive so called ‘Smart’ Jobs …
RBA Governor Philip Lowe has said that low wages threaten economic growth and that workers’ incomes need to rise. Why haven’t they? because the #LibsLoveLowWages
SO tradies, is your welfare more important than your granny and grandpa? Than ensuring your Trades with more Aussie Apprenticeships? How good are you?
Stuart Robert, Dan Tehan and Simon Birmingham charged taxpayers more than $4,500 for an overnight trip to Sydney where they mingled with mining and banking donors at a $10,000-a-head Liberal party fundraiser dinner hosted by Channel Nine, according to Guardian Australia.
-Alana Matheson, former Liberal deputy mayor of Campbelltown given a $387,960 per annum post as a Fair Work Commissioner on April 1; 26-year-long, $10 million post; appointed until 2047
–Sophie Mirabella, former Liberal MP also made a FWC commissioner on the same salary, on the same day; appointed until 2033
The end dates of their terms reflect when the two women will reach 65 and have to retire.
–former deputy Prime Minister Warren Truss being re-appointed as chair of the Australian Rail Track Corporation; on a part-time salary of $166,290
-former Liberal minister Bruce Billson being appointed Small Business Ombudsman on a $360,250 salary
-former backbencher Eric Hutchinson being re-appointed as Administrator of Norfolk Island with a $304,830 salary
-former Liberal senator Kay Patterson being re-appointed as Age Discrimination Commissioner on $360,250
-former Liberal Party federal and state director Tony Nutt; re-appointed a director of the Australia Post; a minimum of $96,890 per year; and re-appointed as a Member of the National Museum of Australia Council on $22,180; re-appointed as a contractor to the Australian Public Service Commission on a $45,000, eight-month contract
. Nutt worked for John Howard, Tony Abbott, Malcolm Turnbull and Scott Morrison
-former NSW Liberal Premier Nick Greiner appointed Consul-General in New York
–Victorian state minister Mary Wooldridge appointed to a $360,250 per year job as Director of the Workplace Gender Equality Agency
–former Liberal Finance Minister Nick Minchin appointed the Independent Food and Grocery Code Reviewer on $1,499 per day
-Scott Morrison’s former chief of staff Charles Wann; named chief operating officer in the Health Department; annual salary from $317,250
-former Liberal staffers Peter Conran and Jason Marocci appointed to $800 per day advisory roles with Sport Integrity Australia
-former Liberal MP Jane Prentice, former Liberal staffers Rachel Da Costa and Naomi Dougall; recently appointed to the AAT
READ MORE!
‘Year of the mate’: At least 13 former Liberal MPs, staffers given plum jobs
Kate Goldby and Zac Anthony are grateful for getting a foot on the property ladder thanks to a family member who guaranteed their home loan.(ABC News: Rhiana Whitson)
IN December 2020house prices were recoveringfrom the lows of
the mid year …
Then over the Christmas break the housing market virtually closed …
BUT come 1 February 2021 instead of Agents dropping the price by some $200,000 when marketing a property allegedly to lure more buyers at Auction …
THAT at 1 February agents instead bumped up the median of December 2020 north by another $200,000 Guide Sale Price! In many instances at $2 Million!
… buyers find as they bid that their reserve for renos just goes to paying a higher price …
AND yet real estate agents said ‘We didn’t see this coming!’ …
WHAT happened over the Christmas vacation? Was there a big meeting of the Real Estate Institute?
And who was invited to attend?
Could that have been the Big Boys? The deve-lopers, the bankers and the Feds?
What was behind all this? This Agenda?
… Apart from the Feds using this as an opportunity to make it look like ‘Australia has a strong economy’?
Could it have been a ruse by the deve-lopers to sell off their excess of apartments since the Pandemic had cut off their foreign buyer demand?
By engineering this price hike in ‘Houses’ … to steer buyers especially First Home Buyers towards buying an apartment … really …
And the bankers, of course, enjoy the increased flow for their vaults …
NSW INC Stamp Duty Coffers again overflow along with the newly introduced alternative of Annual Land Tax
Cough … cough …
The average amount parents (The Bank of Mum and Dad) are contributing is $89,000!
But as Martin North banking sector analyst said those that received $$ help from parents to get into the property market:
-are three times as likely to default on their loan in the first five years
BECAUSE …
-they have not been disciplined about their savings
-these parents either gift the money towards a deposit or become ‘guarantor’
-and put forward equity in their own property
-if the children fail to make payments the parents may lose their home!
AND … Mr North … it would seem despite being an Analyst is … ‘a Man of Humanity’ warns that if in future these buyers end up in negative equity that Regulators should be looking at this very seriously!
Operators of the not-for-profit Concord Community Village say they will lose out while BILLBERGIA plans to build roads and apartments as high as 25 storeys in Rhodes East …
Read more to learn how this could have come about …
-six hectares – or 75 per cent – of the developable land in the precinct is owned or under option by Billbergia
IT appears Billbergia is favoured with three new proposed streets to run through their land … one of which will split the community village in half!
READ MORE!
‘Stupid idea’: A road that will split a property in half risks forcing residents out
VIEW Related Articles to find how this all ties together with a Minister alleged to be involved in land dealings!
‘SIDOTI and Sydney Developer referred to ICAC over Land Dealings’
Former minister John SIDOTI and developer, BILLBERGIA have been referred to ICAC following allegations that development plans were altered to benefit the developer of waterfront apartments in an urban renewal project at Rhodes.
COMMUNITY ACTION ALLIANCE FOR NSW (CAAN): HOUSING INEQUALITY WITH AUSSIES LOCKED OUT! 