DOES it really come as a surprise that a scheme promoted by Scott Morrison at the 2019 Election allegedly to help First Home Buyers into the property market has actually hurt many of these prospective property owners?
That this has been a factor in putting upward pressure on house prices!
Because those fortunate enough to be counted within the Cap of the 10,000 properties a year in fact had more cash in their hands to bid (and bid up the prices of properties) hurting other prospective property owners.
The house price hike has hurt all Home Buyers … this Grants Scheme together with low interest rates, and ‘hot money’ awash in our Housing Market have together pushed up house prices …
Scott Morrison before entering politics wrote the policy for the developer lobby, The Property Council of Australia, could this have had some bearing on government policies … ?
IT would seem that some of our MPs have lobbyists working with them … because the NSW Government is now looking at the capital gains discount …
‘Now it’s Liberals telling us we are going to have to cut the Capital Gains Tax Concession if we want to get Australians into Homes’
The NSW Government has picked up from where BILL SHORTEN was cut off!
… saying it “pushes first home buyers out of the market,” and that if the concession was cut:
-housing would be used “more for accommodation needs than investment needs”.
HOW amazing is that!
The Moral of the Story …. Is to SHARE and keep talking about this, and the other factors behind the Housing Affordability Crisis!
-low interest rates
-government grants including the First Home Scheme
-and the ‘hot money awash’ in Australia’s housing market because the Morrison Government exempted the Real Estate Gatekeepers in October 2018 from the second tranche of the Anti-Money Laundering Laws !
Transparency International Australia CEO, Serena Lillywhite said that:
Mystery foreign buyers distort our Housing Market …
“It’s actually impacting on everyday Australians,”
’Australians trying to crack into the property market are facing the extra hurdle of competing against mystery foreign investors, according to corporate transparency experts and the federal opposition.’
How is this impacting everyday Australians?
Apart from being locked out of this unaffordable market by the flood of ‘black money’, it has led to suburbs being bought up by Visa Holders, and within high-rise residential precinct development these overseas buyers are buying up not just one or two apartments but whole floors!
With such precinct development being located in and around business parks and shopping centres it does not take too long to think about the impact on our society and communities … and the businesses and jobs markets …
SO what is stopping everyone … even you … from sharing these Facts? And talking about this?
Search CAAN WEBSITE .. go to the Home Page and scroll down to the bottom for the SEARCH BOX and type in e.g. ‘second tranche of the anti-money laundering laws’ and find the relevant reports!
BECAUSE everyone can be a Lobbyist! A community Lobbyist … and with these facts becoming COMMON KNOWLEDGE we can make changes for the greater good!
READ MORE FROM SHANE WRIGHT!
‘First time buyers facing higher prices due to government scheme’