WHO in their Right Mind would allow the Government to have EQUITY in their Home?

WHO in their Right Mind would allow the Government to have EQUITY in their Home?

IN the SMH today this piece, “New hope for first-home buyers in return for giving STATE some equity”

HOWEVER … it seems the Community are onto it!

THESE are their views on Social Media

WOULD this be about boosting demand and increasing prices?  Cough … cough … Who would be the winners?  Would that be deve-lopers, and existing owners? Especially investors

EQUITY GONE!  Welcome to NSW … the equity state … for some …

AND allowing for the Status Quo to remain … by sweeping under the carpet the real causes of negative gearing … capital gains tax … super low interest rates … government grants … franking credits …

AND we must not forget the ‘Big Australia’ with millions having come to our shores seeking Permanent Residency by buying a home these numbers increase competition … pushing up prices!

AND ‘Hot Money’ is awash in the Australian Housing Market … the second tranche of the Anti-Money Laundering Laws for the Gatekeepers was shelved for more than a decade, and then the Morrison Government exempted the Gatekeepers in October 2018 … 

REMEMBER just a few months ago when this was just a conspiracy theory … Now they’re talking about parents ‘giving’ equity to the government to help their kids buy a home … and both could end up owning nothing

This is #socialism from what claims to be a #Liberal government, and would be the beginning of the end of private property ownership.

The State Government becoming a lender won’t help affordability. It will simply push up prices and mortgage repayments more. These increased repayments will push people out of the market, and lead to more defaults in the market!

So, basically we’ve spent decades distorting the property system, and now we’re going to make it worse for you to keep those property prices juiced. #auspol with a tax handout to home owners.  Isn’t this Peter Costello’s policy all over again?

The Liberal Coalition particularly with the Howard Government in the late 1990s have been distorting the property system by enticing the Middle Class Chinese to invest in our housing to gain ‘Flexible Citizenship’, and this led to a housing boom in the early 2000s peaking in 2004 … and again from late 2013 with a large range of temporary visas allowing wealthy foreigners to buy ‘new homes’ to gain a Permanent Resident Visa. This boosted demand from this high population growth 

Increasing 👏 demand 👏 does 👏 not 👏 reduce 👏 prices.#auspol

Dom_Perrottet Chairman of the Peoples Republic of State Owned Private Property. #Sydney so toxic that state intervention in the property market is the new way of subsidising #LNP donor developers 

AND this Scheme raises the question:

How many of these ‘give people money to buy a house’ policies are the government going to try before they admit that they just drive house prices up further? 

WHAT a “Proper Government”  would do … would be to start with funding Public Housing 

Oh the things they’ll do rather than release more land, neuter councils, etc.

CAAN: However, if and when the Government releases more land the Feds must desist with high immigration because what is the point of releasing more land for housing as they maintain the overseas competition? Oh, how silly of us … they want to maintain the competition to jack-up prices … and …

Until negative gearing and money laundering is jettisoned, housing will be expensive. This “idea” is S.H.I.T.

Government is doing everything they can to get people into the market. Now they want to be an equity partner with First Home Buyers who can’t afford to get in!

. Banks won’t wear it, if borrower defaults then they want all the equity including parents share! Game changer should be non recourse loans as in the US. Banks would then behave

WHO is Australia’s leading Migration Agent?

Generic image of billionaire property developer Harry Triguboff
Photo: ABC; One Plus One; 2015

WHO is Australia’s leading Migration Agent? With increased foreign buyer competition, and ‘Hot Money’ pushing up home prices …

Mr Triguboff in the AFR (2017) in response to the then oversupply of apartments said:

Then I will bring in more migrants”.

And also this article!

HOW does Meriton hold so much sway with the Federal Coalition?

From the property development sector: “The largest single donor was property developer Meriton donated $285,000 to the Liberal Party, including a $200,000 donation to the NSW branch of the party.” Search for Michael West: ‘Quid pro quo: donations data shows billionaires and corporations fix politicians for another year’

THE latest PRECINCT PROJECT is with MERITON resubmitting plans for its controversial Macquarie Park Site along Talavera Road.

The initial proposal which featured a 63-storey tower, was rejected by the council after 400 public submissions opposed the development.

MERITON has now resubmitted plans for towers of: 59, 44 and 37 storeys alongside its ‘Destination’!

“We are also now seeing the re-emergence of overseas students, investors chasing stronger yields and migrants back into the country.” Triguboff said.

With increased competition, and ‘Hot Money’ pushing up home prices …

READ MORE! Meriton Resubmits Plans for Controversial Macquarie Park Site

SO why are there so few Sydney Burbs … and so distant … within the Reach of First Home Buyers?

At the end of last year only a handful of homes – mostly tiny apartments – were priced at or near $800,000, the price cap for Sydney buyers using the federal government’s first home loan deposit scheme –

SO we at CAAN have come up with some suggestions for aspiring First Home Buyers and the Bank of Mum and Dad and …. and the only hope we have is for the voting public to WAKE UP and get rid of this current lot in government who are only looking after the CAPITALIST narrative. They have lost the plot, they are CROOKS, and SHYSTERS!!!! ….

Every policy is contrary to the policies that were put up by the Opposition, and here we are wondering what on earth we have done to housing affordability?

,… it is OUR FAULT.  WE PUT THEM IN!!!…. Remember the GST???,…the NEVER EVER GST?? … Well we got it,.

WE VOTED FOR IT….(we DIDN’T…by the way) others did ……. and it has been the worst tax ever to burden the poor. 

INFLATION is UP and RISING. More about how the RBA addressed inflation from Alan Kohler:


We need a change in government, and for the new government … LABOR … to get in and do a BACKFLIP!!!!! 

As the HOWARD GOVERNMENT used to do … LIE after they get in …. but this time it will be for GOOD intentions …. GET RID OF TAX PERKS and increase TAXES on the wealthy, and those that earn more than the poor mug next door, and indeed implement the policies they put up at the last election. It is up to us to BACK THEM and give them the SUPPORT and tell them what we want!

However, if the constituency puts Sc.mmo back there is absolutely no hope! 

We know who the leader of the pack (deve-lopers) is … it loves Australia … and buyers who fly in … and buy and …

The combination of almost zero borrowing costs, higher returns than cash or shares, and untaxed capital gains makes this farce unstoppable. Even though it is a gross distortion both of markets and social justice. 

COMMENTATOR:  Not one major party has a policy to deal with rampant house prices and rental inflation. Vested interests are in charge.

CAAN:  We would say, the LABOR party put policies on the table last time in an effort to do something about housing inequality, but was lampooned by a tsunami of campaigns that MISREPRESENTED the facts. 

Now, understandably they have walked away …. and appear not to have the constitution to re-visit the policies that are so desperately needed to fix the issue.  It is a very sad situation we are in!

Read more about ‘The Sydney suburbs within reach of First Home Buyer Budgets’ … FHBs will have to get in quick before House Portfolio Investors outbid them! 

What can you do about this? A good start would be if you were to share this to help turn things around through more awareness about how Our Youth have been done over!


With the purchase of this very run-down semi in Camperdown fetching an outrageous price of $1.485M!  One could smell the damp coming up through the black ink ….

**The tightly held home sold $235,000 above reserve to an INVESTOR from Camperdown who outbid several upgrading young families.**…….  

Does this investor figure that house prices will continue to escalate … the house is so run down even if he uses seconds to ‘dress it up’ it will still cost a fortune to renovate …


🤧….CRY FOLKS, Sydney is out of control and is affecting the rest of the country. Australia, an island country, close to the South Pole, should avail the cheapest housing!

Instead, has the most expensive housing market in the world. 

WHY? … The list of reasons is long, and getting longer, negative gearing, Foreign $$$$$$’s, 50% reduction in CGT ,… Family Trusts, property spruikers, and various others, including a cultural shift towards housing as a means of wealth creation, we’ve gone BONKERS …….. MAD. 

Interest rates are too low, and have been for too long. It all favours those with COIN, it is as simple as that. 

The wealth divide is HUGE, by pure virtue of the HOUSING MARKET. ****


Those making the decisions on interest rates have been on the side of the INVESTOR and obviously, anyone with LOADS OF $$$$$$$$$$$’s, and they haven’t a clue what to do now, least of all the constitution to fix it. 

Interest rates must be raised, and they must be raised DRASTICALLY for INVESTORS. 17.5 % sounds like the shot…..😉.

 …. that would make a difference! A quick fix alone. 

And the implementation and enforcement of the second tranche of the Anti-Money Laundering Laws would make a big difference …. currently a whole Cohort of our Youth are locked out to face life-long tenancy because of this …

This ‘Hot Money’ Market has been facilitated through temporary migration and visa manipulation with foreign buyers lured by the prospect of buying a home to gain a “permanent resident visa”!  

Which government exempted the Real Estate Gatekeepers from the second tranche of the Anti-Money Laundering Laws?  The Sc.mmo Govt in October 2018 …

WHY? What was in it for them?