CAAN Photo, a Sydney highrise precinct

AUSTRALIA faces A SHORTFALL of 106,000 homes as prices, and demand climb

SYDNEY alone has swung from a forecast surplus of 16,900 dwellings to a shortfall of 9,600!

What a bloody mess …

Remember this for future elections … like don’t elect a Party led by a former member of a deve-loper lobby group … doh …

IT’S great for those with House Portfolios …

BUT when a home owner sells they may find themselves priced out within weeks of their sale as the HOUSE PRICES continue to rise! How good’s that?

Priced out of where they were intending to buy … THE SEARCH is then on … and on! It may take 12 months before they find another home to buy; having wasted $Thous. on renting and removalists …

TO find themselves far from where they intended to move … Though it may be far more pleasant now than Sh.tn.y!

SO what of the impact on the Sellers health? Like a Cancer? Their psychological health?

Meanwhile the rodentine continue on this journey, and now they have pulled off another ‘Tick up’ nationally!

WHY?

WHEN more people have become aware of the stress and the traps with selling the ‘family home’ with having learnt of the market PITFALLS from family and friends who have fallen victim especially to the Sydney property market. They won’t be selling …

BUT what of those so stretched with the interest rate hikes … the cost of living, a consequence of the past Liable decade .. who will be forced to sell!

HOWEVER, our Families are now wanting to enter the Home Market … to find that they will have to postpone having a family to maintain mortgage repayments as the biological clock keeps ticking …

The winners, of course, are predominantly the agents.

PERHAPS it’s time that they were forced to give something back from their too frequent lucrative commissions?

WHAT of the negative health impact of this hooker market upon home buyers and renters?

With the media for years now circulating the disinformation that it is ‘The Boomers’ that caused these inflated house prices? When it is only a minority of wealthy Boomers who likely inherited from both sides, and were already well healed have benefited greatly from the TAX BENEFITS of negative gearing and CGT?

However, their numbers don’t compare with half of their generation who are divorced, and many of whom now rent and do not own a home!

WHO bought this media hype? Of course for the unobservant … oblivious of the impact of high immigration during the Liable Party recent decade – invited to migrate to Australia to inhabit the deve-loper high-rise precincts with a view to buying a home or more …

AND it was this contrived DEMAND that pushed up the house prices of the limited supply for the likes of deve-lopers HT, and JN, and the agents in receipt of lucrative commissions … locking out Australian First Home Buyers …

SO it would seem it is time that the Property Industry gave something back, isn’t it?

BECAUSE of the negative impact on the mental health and well being of our families … and in turn our Australian Society … it has become somewhat warped, hasn’t it? Misshapen by ‘House Values’ …

AUSTRALIA was known as the ‘land of the fair go’ where we had a majority of home owners … a happy and secure society …

ISN’T it time the agents, and deve-lopers gave back some of their excesses? The landlords too are a minority compared to the growing numbers of aspiring Australian First Home Buyers and Renters now unable to afford a home let alone a rental!

WHY shouldn’t the Property Sector have to pay a TAX to cover the cost of Australia’s Health Budget that is stretched by the upswing in its citizens seeking medical treatment for depression, anxiety, and the impact on their children who are no longer as well nourished and clothed. Denied the opportunity to visit the fun park, attend birthday parties, or go to the movies because their parents are stretched with either house payments or rentals to be able to afford anything else!

It’s like we are back to the 1950s Liable Years …