Month: September 2023

In the SMH today ‘Housing Crisis is Real and Here to Stay’

/ caa4nsw

Photo: Developers are submitting DAs to demolish existing older blocks.CREDIT:RHETT WYMAN

IN the SMH today – ‘Housing Crisis is Real and Here to Stay’ – unless our Governments take control BECAUSE that would be in the interests of the majority … wouldn’t it?

https://www.smh.com.au/national/nsw/housing-crisis-is-real-and-here-to-stay-20230927-p5e819.html

WHICH Government led the House Price Boom?  Which has led to this HOUSING CRISIS?

HOW many stories have we read about homeless people sleeping in vans or their cars who have been moved on by Councils?

YET rarely do we read of them being settled in alternative accommodation …

AND that’s apart from those who resort to finding a place to rest their head … on park benches, or moving along in buses or trains …

CAAN has shared stories about those who have sold and come up against it too!

BECAUSE the SYDNEY stock for sale is limited … it’s overpriced … the DEMAND is larger than the supply … and prices continue to rise … so Sydney sellers can find themselves priced out within weeks of their home auction … faced with exorbitant rentals … and resorting to searching for a home that is affordable in the regions … isolated from their friends and family … apart from experiencing resentment from their new neighbours …

Downsizing to what?  What is out there?  A townhouse … an apartment with high fees … ?

Then may find themselves suffering serious illness …

RETIREMENT VILLAGES – a commentator has described as ‘social monocultures with … controlling managers … ‘ That’s apart from eating up the family inheritance … what of the future for our families? Will there be no let-up?

DEVELOPERS – it appears are onto another winner – to demolish and wipe out existing inner Sydney housing stock for large luxury apartment developments for the wealthy … and overseas buyers …

“Sydney councils bid to halt demolition of old housing for luxury apartments” 

BECAUSE these luxury developments wipe out the existing housing stock! Locking out the former inhabitants …

https://www.smh.com.au/national/nsw/sydney-councils-bid-to-halt-demolition-of-old-housing-for-luxury-apartments-20230921-p5e6l7.html

IT appears that Sydney Councils are leading the way because they are aware of the HOUSING SHORTAGE, and in touch with the needs of those on low incomes … even those on high incomes are scratching because they are paying $1000 plus a week to rent an apartment! 

WILL our governments follow this action by Councils, and step in and put a ‘FREEZE’ on escalating house prices … because sellers too can find themselves priced out!  

WHY are ‘jumped up’ sales reps controlling this market?  WHEN it appears there are more disadvantaged people than those in ‘The Mob’ … ?

HOW First Home Buyers together can Overcome the hurdles of the Housing Market

/ caa4nsw

ALAN KOHLER nails it again!

‘Alan Kohler: Gulf between housing construction and immigration just gets wider’

https://thenewdaily.com.au/opinion/2023/09/21/alan-kohler-immigration-council-developers-government/?utm_sha256_email=9d3e1a2a4fb742155de35fe9b773876b533fd107ad480457f0d57b6b6c2ef332&utm_contact_id=262475&utm_campaign=Morning%20News%20-%2020230921&utm_medium=email&utm_source=Adestra&lr_hash=f83042f43b31d5bbf96478fa4bea8db2

  • HOWEVER … CAAN has been sharing a lot of information about HOUSING … IMMIGRATION … SHORTAGE OF TRADES … DEFECTIVE DEVELOPMENTS … THE MANIPULATION OF THE HOUSING MARKET BY ‘the professionals’ …

NOW armed with all the information we have shared here on Facebook and on our Website from 2014 to date …

… ISN’T IT TIME THAT First Home Buyers, Mums and Dads got together and PUSHED as Buyers to have MORE SAY than the Property Sector?

We figure that is what it will take …

BUT everyone needs to be aware there are organisations run by LOBBYISTS who may

not act in your best interests … check out who they are, and what they represent …

AND who they are associated with!

A CAMPAIGN needs to be led by YOU, genuine FIRST HOME BUYERS getting together and organising meetings with our Governments both State and Federal to push for changes in policies to be geared to benefit Home Buyers over the wants and demand$ of the Property Sector … their agents and developers!

WHO is it that has pushed for high migration?

WHY is this so? Other than to push up the DEMAND and thus HOUSE PRICES …

At CAAN we figure when you do this … when you demonstrate that these changes will not only benefit yourselves, but the Albanese Government will feel confident to make these changes FOR YOU!

CAAN PHOTO …. A white picket fence or similar version that we aspire to!

HOW did Real Estate Agents create the Housing Price Boom? Locking out our Families …

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ABC 7.30 photo shared; CAAN story here explains HOW buyers have been priced out!

THIS STORY may well explain what has happened to the Sydney real estate market, and why we have falling home ownership especially for our families.

Following is a TRUE TALE related to CAAN that we figure explains what led * to the Housing Price Boom that you perhaps have not heard about, and is a big factor WHY we suggest that we had this HOUSE PRICE BOOM which escalated in December 2020. *

We have learnt that a homeowner sold their home in the northern suburbs of Sydney in early December 2020. The Real Estate Agent from a leading firm prior persisted in lowering the reserve to $1.5M contrary to the wishes of the seller who wanted a reserve of $1.6M. The advertised house price was $1.5M

The seller hoped they would gain $1.7M which shortly prior was the sale price of comparable homes in the area.

In the lead-up to the auction the seller noticed black limos pulling up at a neighbouring home on a number of occasions … as well as agents from this same real estate agency visiting. Why was this so?

This neighbouring home was not, and did not go on the market!

What do you figure was going on here?

This made the seller very nervous … The home went to auction; it gained almost $1.8M!

HOWEVER within 3 weeks of this auction this leading real estate company advertised all comparable homes in this suburb and surrounding suburbs for $2M! So they UPP’D the advertised sale price (of $1.5M) by $500,000!

That meant this seller was priced out of much of the SYDNEY real estate market unless they bought an inferior property in a lesser suburb.

QUESTION Why is the Real Estate Sector able to operate like this? Why do they have so much power? Some people may believe this is okay until it happens to them … Isn’t it time that this sector was regulated?

WHO is perpetually destroying Housing Affordability in Australia?

/ caa4nsw

Mortgage repayments in Tasmania account for 35 per cent of household income, the report says.(ABC News: Lucas Hill)

WHO is perpetually destroying housing affordability in Australia? WHAT else could be behind it?

 … some have told us here at CAAN about their recent personal experiences in the real estate market.

WHY does this sector wield so much power?

IF you think back we have had predominantly Liberal Coalition Governments in this country … with policies written to benefit those with extra cash … to invest and gain even more TAX BENEFITS … like negative gearing and Capital Gains Tax Benefits … Franking Credits … that the rest of us pay for …

IT was the constant media reporting that has lulled too many, it seems, into this false belief about our (their) wealth – as BORROWERS (Mortgagors) …

WE soon learnt that …

THOSE who sold a matter of weeks prior in 2020 were DUDDED $200,000!  They were priced out of Sydney … and the price increases continued totalling some $500,000 over a few months.

WHAT OF THE CONSEQUENCES?

WHY DOES THIS SECTOR HAVE SO MUCH POWER?

THAT BUYERS in such a “Hot Market” are forced to buy at inflated prices for homes with dodgy plumbing, guttering full of holes, mould, worn out kitchens, and bathrooms – you get the drift?

DOES it seem like there is something a ‘bit off with this sector’? 

AND we noted that this further HOUSE PRICE BOOM … it began in mid to late December 2020 when house prices were lifted in the market by $200,000 more, and the asking price became $2MILLION! 

THIS was contrary to the immediately prior Real Estate Agent practice of marking down the asking price …

INSTEAD they upp’d it!  Suddenly all the houses on the market in the northern suburbs instead of having a marketed sale price of $1.5M with a view to gaining $1.7M or $1.8M had an asking price of $2MILLION! 

WHICH MOB set this in train?  Where did this originate from?

HAVE you seen big black limos pull up at a neighbouring property … that is not and does not enter the sales market … ?

THAT aside … so those who sold prior in 2020 … even immediately prior to this DECEMBER 2020 BOOM were dudded!

They were priced out of Sydney … and the price increases continued totalling some $500,000 – HALF A MILLION!  Over a few months!

WHY does this sector wield so much power?  IT’S time this got sorted, isn’t it?

READ this report from the ABC:

‘Housing affordability at lowest level in 30 years, data shows’

https://www.abc.net.au/news/2023-09-02/housing-affordability-lowest-level-in-30-years-proptrack-data/102804908?utm_campaign=abc_news_web&utm_content=facebook&utm_medium=content_shared&utm_source=abc_news_web&fbclid=IwAR2jGjQf5x_HrUMdRwDwyymtQCB5FOPB6nogMn72dHcos2Px_yExoLnX_bo