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 $$$$$$’s, 50% reduction in CGT ,… Family Trusts, property spruikers, and various others, including a cultural shift towards housing as a means of wealth creation, we’ve gone BONKERS …….. MAD.
Interest rates are too low, and have been for too long. It all favours those with COIN, it is as simple as that.
The wealth divide is HUGE, by pure virtue of the HOUSING MARKET. ****
IT IS CROOK****.
Those making the decisions on interest rates have been on the side of the INVESTOR and obviously, anyone with LOADS OF $$$$$$$$$$$’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…..
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…. 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?
COMMUNITY ACTION ALLIANCE FOR NSW (CAAN): HOUSING INEQUALITY WITH AUSSIES LOCKED OUT! 