–criteria for apartment towers nine storeys or higher to have a maximum floor space of 700 square metres, as “slender towers”
–to allow forgreater surrounding public spaces, more solar access, better views and less bulk
-deep soil zones for tree planting to increase the canopy and reduce urban heat
–greater air circulation between apartment blocks to remove stored heat; for a better microclimate
–despite government extending max floorspace for towers to 750 m2 UDIA alleges higher costs
WHAT is not revealed is why deve-lopers like high rise development … it’s because storey upon storey they make a motza!
Each apartment can cost as little as $200,000 or less to construct using job lots of fittings and fixtures; cladding; and visa workers
NOR do deve-lopers live in these dwellings that in too many instances lack cross-ventilation, with inadequatelight, some so small a space is allocated for a washing machine with improvised electrical connection in a tiny bathroom
With water leaks … many are mould holes …
AS deve-lopers reside in harbourside mansions at the expense of unfortunate Australians and visa holders
CONTRARY to the 7.30 Report this evening, 27 September 2021 …
‘Senior Labor Party members in Fowler are furious about an outside candidate being “parachuted” into their electorate – but it’s not former premier KRISTINA KENEALLY …… because MS LE only moved into the electorate last year and still works outside it, the Herald can reveal.’
WHY didn’t 7.30 do more research on this matter? Perhaps it is beyond the management and 7.30 Journalists, and the question should be directed to those who pull the strings!
SHAME!
Because this SMH article was published on 26 September at 5.00 a.m. a day earlier than the 7.30 Report!
Is Multiculturalism all that it is cut out to be because it appears to cause more problems … with negative reports like tonight on 7.30 – it appears to be divisive and corrosive … and it seems it can be manipulated!
WHY not be ‘AUSTRALIAN’?
AS Australians we collectively have been manipulated particularly by the property sector for their gain …
We AUSTRALIANS have lost much of our Colonial and Indigenous heritage, society, community, and environment – through OVERDEVELOPMENT of high density housing to accommodate their new and additional overseas buyers!
We had no say in this … no doubt due to political donations esp. to the LNP!
Migrants having come here in vast numbers in such a short time period, particularly since 2013 it appears, this too is being manipulated with demands for greater representation in our Parliaments … through reports like this on 7.30: 27 September 2021: ‘Parliament does not reflect culturally diverse Australia, says former Fowler hopeful Tu Le’ 7.30
Is Ms Le the ideal candidate, in any case, as it appears she is putting her personal ambition over and above her Party loyalty?
‘That Howl of Despair is the Sound of Housing Dreamsbeing Dashed!‘ by Greg Jericho!
What a mess … yet another one …
… Home ownership for those now aged 25 – 34 is down to 40%
By the end of 2021 house prices may have risen by 40%
-wages will be lucky to grow by 2%
Michelle Bullock Assistant Governor RBA noted:
“if rapid price rises ultimately prove to be unsustainable, they could lead to sharp declines in price and turnover in the future”.
READ MORE!
And help to keep others informed by sharing this article please!
It appears that our young people have been set up by wealthy property investor lobby groups for life-long tenancy either through private rentals of old houses/units or the current move by this lot for Build-to-Rent for alleged luxury apartments with facilities to take even more of their incomes! Please consider sharing so others know!
WHAT CAAN Commentators had to say about this:
-**Reserve Bank governor Philip Lowe says he understands concerns about rapid house price growth, but it’s helping household wealth to grow. ***……😆…😂…🤣, TRUE, but only for those that have homes. …😫. I like the bank governor, but at times he can come out with some doozies,………..but he also said, ***”While it is true that higher interest rates would, all else equal, see lower housing prices***….TRUE too, and that’s what’s been lacking. We have fuelled this housing affordability crisis via ultra-low interest rates. We need higher interest rates, and we need lower house prices. Furthermore, we must always prescribe to the idea that the purchase of a house must always be for the sole purpose of providing for a HOME before it can be entertained as use for WEALTH creation.
-Scotty’s got a ‘Wealth, War and “Freedom’ election to win..
–Community Action Alliance for NSW Just wondering if the powerful lobby groups for investors hold sway over ‘the Governor’ with so much of their money tied to our banking system? It would seem so! With their members: the tradies, the mums and dad investors, the doctors, the dentists, the bakers, the uber drivers, the fresh fruit salad bar operator, the proctologist, the goodfellas all enjoying considerable tax benefits!
-We have a scandalous system called *negative gearing*, the purpose of which is to subsidise those that have the fortunate means to earn more than the poor mug next door that can’t. If you keep this phenomenon in mind every time this issue of housing affordability comes up,…which by the way, is all too often these days,…coupled with ultra low-interest rates that purposefully target investors you will understand why we are in the mess we are in.
-” Home ownership for those now aged 25–34 is down to 40%.” Will never see this headline from Realestate or Domain amongst all their breathless ”New suburb price record shattered!’ spiels..
TREASURER Perrottet under the cover of Covid has been working on a plan to bring back international students. He alleges ‘tens of thousands of people in NSW rely on the international student market for work’
AND that this would ‘also address the rising issue of labour shortages in the state’.
JUST as the high unemployment and underemployment for Australians was beginning to turn around ….
CONTRARY to Perrottet we read a report that Australian job postings had rebounded to 17 September 2021 at 48.6% above their level on 1 February 2020, and are 1.9% below their peak!
So what now!~ FFS!
This alleged ‘rising issue of labour shortages’ has had nothing to do with businesses wanting to maintain low wages and long hours of slavery these overseas students were willing to undertake to gain a Permanent Resident Visa …
The Indian market of 1.3 Billion people happens to be one of the NSW Government’s top priorities, and despite ScOmO’s war on China Perrottet has been working on a strategy to bring back students from China and Nepal.
Commentators question what is being done to manage the transition of local students from high school to university?
And why are our Universities not adequately funded? That places should be allocated for Australian students
And question why our Universities too are being treated like a business corporation
So far this year, most Asian capital has flowed from Singapore, followed by China and Hong Kong, according to Real Capital Analytics.
Is leading property firm Colliers sourcing its buyer base from Asia?
Not only are these buyers lured by Australia’s management of the Pandemic compared to Europe and the US, but our inflated Sydney house prices of 24% to June …
… Lured by a wide selection of asset types available for purchase, and the lovely weather and blue sky.
And with the added benefit of ‘Permanent Residency’ and Medicare following purchase, and ‘hot money’ can be laundered too! So they have a lot of cash to splash! Pushing up prices …
Are Australian property buyers locked out? With these Asian buyers notified first in an ‘email blast’ … even before these properties hit the market!
A case in point in Ashfield where an Asian deve-loper bought an 850 M2 vacant block for $4.6M!
And contracts were exchanged within a week regardless of the lockdown!
Relations with China have changed much from Prime Minister Whitlam’s establishment of diplomatic relations in 1972, and the 1973 diplomatic trip that paved the way for rapid expansion.
By 2008 Australia’s two-way trade with China was worth some $68Bn.
However, with the reign of Xi Jinping China has rapidly grown as a World Power … yet it has taken the Liberal Coalition a long time to come to terms with this!
In delaying action to address our reliance on the PRC as our major market!
We have in fact exported Australian businesses and jobs to the PRC … we have lost much of our manufacturing to China so that now we are in short supply of cars, building materials, and more … much of which are imported from China!
WHAT about the IRONY of the sell-out of Australia … that has accelerated since 2013?
The TROJAN HORSE of fly in and buy-up of our property from the great behemoth above, Singapore and Hong Kong?
When last we looked there have been no changes to the FIRB Ruling allowing developers to sell 100% of ‘new homes’ to foreign buyers esp. in China; this accelerated from 2013!
And the Morrison government ‘Under the Cover of Covid’ quietly began prioritising visas for ultra-wealthy foreign investors late last year’ (2020!!!)
The LIBERAL COALITION has not introduced the second tranche of the Anti-Money Laundering Laws for the real estate gatekeepers. In fact they were made exempt in October 2018! So that ‘Black Money’ from China is awash in our Real Estate!
The Irony of all this is, we must make sure we can rely on our allies, the USA and UK for protection because we are so hopelessly backward with our military capabilities, it’s laughable.
As CROOK as this government is on every policy under the sun with a prime example such as the sell-out of our property – residential, commercial and agricultural to these foreigners …
And Australia’s economy is based on Housing rather than investing in green jobs, artificial intelligence and robotics like China and the United States, our wall of money is wasted on Real Estate!
AS said by Economist Yanis Varoufakis recently on ABC Q & A!
Now given the constant bullying and threats of sorts from the great behemoth above and beyond, so that when it comes to border control and hard-line security, the LNP make much of their stance now through the media that they are doing something … but at the Taxpayers expense …
Who are buying this?
SO we must remind ourselves and others that the ScOmO government have not earnt another shot at winning the next election!
Following daily reports of rising Covid-19 victims and the everlasting lockdowns … with loss of life for too many … enormous stress and strain for medical professionals, many Australians suffering Long Covid, businesses and livelihoods destroyed … the devastating impact of this may live on for decades.
Why did ScOmO Government fail to order the Pfizer when documents reveal that Pfizer reached out in June 2020 for a meeting with federal Health Minister Greg Hunt, but he did not take up the invitation! Inadequate supplies slowed the rollout. This government failed to build quarantine stations hence the spread through the hotels, and the wider community!
Why did ScOmO seize on this AUKUS Pact with much media fanfare … is there an election coming up?
On Tuesday, 14 September 2021 ScOmO greeted the media … it looks like they were all there …
‘G’day’ he said, and announced that the ‘relatively benign security environment’ is now behind us, and that Australia is now a party to a partnership with the United Kingdom and the United States to maintain peace, stability and security in this our region!’
Apart from this binding Australia to a US war on China … it has led to France recalling their diplomats from Australia … today we heard a news report that ScOmO talked with the French a day ahead of this announcement, and that allegedly there had been problems with the French submarines that had not been resolved.
WHO will foot the BILL to compensate the French, and Who will foot the bill for these very expensive nuclear submarines through this partnership with the US and the UK?
TAXPAYERS … not the wealthy investor class who eliminate taxation, but the pay as you earn taxpayer mugs …
… who are looking to a future of life long tenancy … with very little prospects as they have insecure work and low wages …
This was all set in train with the policies of the Howard Government in the late 1990s and ScOmO counts the former prime minister John Howard as his political inspiration.
In the Abbott Coalition Government ScOmO was unflinching in the plan to “stop the boats”. With a policy of turning back boats that attempted to reach Australia. “If people seek to get here the wrong way, they won’t get here,” he said.
YET foreign money launderers can fly in and buy our homes! And gain a Permanent Resident Visa!!
There are too many other failures of this government to mention … as we are subject to this latest CHARADE!!!
DAILY we hear reports that it is the very low interest rates and government grants that have pushed up house prices. TRUE!
AND the impact of Tax Benefits for investors of Negative Gearing and Capital Gains Tax … sadly the ‘Silent Majority’ who largely don’t benefit were spooked by the dirty 2019 Lib campaign … TRUE!
BUT we figure there is even more to it than that!
CONTEMPLATE the impact of … the Residential & Commercial Market Research companies (we won’t name them) but daily we hear reports from them that:
-house prices are rising daily; weekly; monthly; and predict also in early 2022
-the consequence of this is that sellers hold off! They want even more!
.this means the supply reduces and maintains the hike
COULD it be that meanwhile Real Estate Agents suggest to prospective sellers to hold off … that house prices are going to increase further, and that they (the agents) have enough listings currently …
THIS in turn means that if there is another hike following sales by these sellers … that they too may well be confronted with being priced out!
SADLY those who can still afford to buy are looking in a market that is largely made up of “Crap” … not only are they unaffordable, but many have termite damage up in the framing and roof timbers, concrete cancer in the slab, drainage and waterproofing issues, faulty electrical wiring, leaky roof …. and so on!
WHERE will all this end but in tragedy not only for purchasers who will later have to meet higher mortgage repayments and expensive restoration works, but sadly for a whole Cohort of Australians denied security of a home! To be life-long tenants!
IS that the Plan? What next for the Investor class? Could that be Build-to-Rent? It would seem through these price hikes they have a Whole Cohort of Australians captured;locked out of Home Ownership!
MEANWHILE the Liberal Coalition policies also remain in tact that allow foreign buyers to buy our housing and gain permanent residency, and to launder hot money too! The Morrison Government exempted the Real Estate Gatekeepers from the AML Laws in October 2018!
SEARCH OUR WEBSITE FOR MORE REPORTS ABOUT Anti-Money Laundering Laws, MONEY LAUNDERING, SECOND TRANCHE OF THE ANTI-MONEY LAUNDERING LAWS WITH REAL ESTATE GATEKEEPERS EXEMPT ….
THE RBA Guvnor has gone as far as he can go … and it would seem it is now up to the ScOmO Guvmnt to implement … at the very minimum … grandfathering Negative Gearing … yes, you B……s!
In the leadup to the 2019 Election the Labor opposition proposed a policyto open the doors for First Home Buyers and others locked out of Home Ownership … without penalising Investors … they proposed GRANDFATHERING NEGATIVE GEARING!
Hence the Liberals ran a dirty scaremongering campaign … of lies as revealed in ‘Are any of the Coalition’s claims of new Labor taxes actually true?’
What GRANDFATHERING means … perhaps it was beyond the grasp of some!
‘A grandfather clause (or grandfather policy or grandfathering) is a provision in which an OLD RULE CONTINUES TO APPLY to some existing situations while a new rule will applyto all future cases … ‘.
Thus it was a COMPROMISE which allowed investors to maintain their investmentsin ‘established’ housing, and allowed them to continue to grow their property portfolios by investing in ‘new homes‘.
This too would ensure the growth of the development sector with more homes being built; more jobs and more $. And it opened the door for Home Buyers to buy an ‘established’ home, it increased the housing supply for them!
However, now we have a predicament where HOUSING is more UNATTAINABLE! FFS!!!
AND as George writes …
‘If you explain this to a CAPITALIST MINDSET, they don’t get it. Indeed, many generally don’t understand the ramifications of NEGATIVE GEARING, because they don’t see how it affects others.
They don’t see how it would adversely affect them, actually, if suddenly their earning capacity ceases. Negative gearing is a form of TAX PERK, a bad one …. the more you earn, the greater the benefit of the perk. That sits very well with them, and so the quest for more and more …
They couldn’t give blooming rats how it affects anyone else but themselves.
Who’s to blame? We are, of course, the *SILENT MAJORITY* …….
Many were scared, SPOOKED!! And voted last time around for NG to stay in place!
We cannot afford to let the likes of JOSHY BOY and ScOmO scare the masses again. It is a real scourge on housing affordability …..
As the great YANIS VAROUFAKIS has said, too much emphasis is on HOUSING, and he was DEAD RIGHT. The fact that you can earn above certain brackets on the wage scale entitles you to a larger amount of the TAX PERK?
While others can’t? Can’t even afford to buy a HOME?….. …oh dear me. It is MADNESS.
VIEW what Yanis Varoufakis had to say about Australia’s emphasis on Housing on
So, it is the system that is broken. I’ll say again, as a reminder … we had the opportunity to fix it, we squandered it.
To make matters even worse for us all, particularly for the down and outs, the poor people who have been suffering continually, and who were unable to recover, damaged, scared from the days of the HOWARD tenure will have to endure further taunting.
It has been brought up on the 6.00pm NEWS, talk that the LNP under the gleeful eye of JOSHY BOY, will BROADEN THE BASE OF THE GST … or even INCREASE THE GST….….to recoup the losses incurred due to the Pandemic.
If ever there is a way to make QUICK BIG BUCKS for government coffers … it is the GST… a REGRESSIVE AND EVIL TAX.
Let that sink in, I doubt very much we will be able to sleep tonight ….. It will be a BEX job.
COMMUNITY ACTION ALLIANCE FOR NSW (CAAN): HOUSING INEQUALITY WITH AUSSIES LOCKED OUT! 