Why mess with your 4th biggest export? Immigration isnt the issue.Australia is enormous.Immigration to major cities is the issue.Immigration by people that need 100% and ongoing support is the issue.This type are also directed towards the cities. We then ship in seasonal labour and lament that we dont have workers and trades in regional areas. The government can leave immigration numbers as they are,even increase them,if they put some parameters,even incentives in place to draw those numbers to regional areas first. Welcome people to a great country that can change their lives but utilise the land mass at our disposal. The next filter is to attract or create useful people.The Australian way,no matter how antiquated,is to work your ass off and create a good life.Those expecting a lifetime of support should be filtered out. I personally believe that a grasp or emerging grasp of the english language should be a filter,but that is a whole other rabbit hole.
Australian gummint couldn't organize a pissup in a brewery. Inspite of the fact housing costs are going into orbit and gummint are raking in huge tax stamp duties, inspite of the fact Australia has more natural resourses than you can poke a stick at, they're still broke and deteriorating. HongKong and Singapore have nothing but people to feed yet they can still house them and beat this dumb gummint. PS, Liberals just as stupid as Labor. ................................... Chalmers unveils $22 billion budget blowout By Shane Wright and Millie Muroi December 18, 2024 https://www.smh.com.au/politics/fed...2-billion-budget-blowout-20241218-p5kz7h.html In numbers $21.8 billion - The rise in forecast budget deficits for the coming years. $1 trillion - The nation’s gross debt will surpass this mark in 2025-26. $26.9 billion - The slightly smaller deficit forecast for this financial year. The nation’s taxpayers face an ocean of red ink after Treasurer Jim Chalmers used his mid-year fiscal update to reveal a $21.8 billion blowout in budget deficits and commonwealth debt crashing through $1 trillion in the coming year. The update reveals a lift in government spending, much of it in areas such as childcare and aged care, but also confirms ongoing revenue pressures with collections of one key tax expected to slump by a quarter. Treasurer Jim Chalmers and Finance Minister Katy Gallagher hand down the Mid-Year Economic and Fiscal Outlook.Credit: Alex Ellinghausen It also shows that the economic outlook for the Albanese government headed to an election by May of next year remained tough, with household spending likely to grow slower than the population even as inflation remains steady and real wages lift. In May, Chalmers forecast a deficit of $28.3 billion for the current financial year, but now expects it to ease slightly to $26.9 billion. But beyond 2024-25, the situation is much worse. From the current financial year until 2027-28, Chalmers had forecast cumulative deficits of $122.1 billion. He is now forecasting $143.9 billion in red ink. The deficit in the coming financial year is now tipped to reach $46.9 billion, a deterioration of $4.1 billion over the May forecasts. It would be the sixth-largest deficit in cash terms on record.
Aussie dollar monthly, like a 3rd world country. When I see this sort of thing, I think to myself, how much corruption is there?
Any business conflict here? Oooohhhh nooooo, everything normal. Prime minister of Australia sitting on his ass for years while house prices out of control. ....................... Albanese rents out his Copacabana investment property By Olivia Ireland February 4, 2025 https://www.watoday.com.au/politics...bana-investment-property-20250204-p5l9gz.html Prime Minister Anthony Albanese has succeeded in renting out his $4.3 million clifftop home on the NSW Central Coast after lowering the price, likely bringing in thousands a month for the four-bedroom property. The latest register of interests reveals Albanese has listed the four-bedroom and three-bathroom property in Copacabana, called “clifftop perfection” by the real estate agent who sold it, as an investment property generating rental income. Similar properties are currently on the rental market for about $1200 a week. Albanese and his fiancee Jodie Haydon initially attempted to rent the property for $1900 a week but reportedly dropped the asking price to $1500. The rental was first listed in early November for $1500 per week, according to TenantApp. If rented at this price, Albanese would make $78,000 a year from the rental before tax. The prime minister has not disclosed his actual rental income from the home, which would come on top of his $607,500 salary, but could go towards a mortgage with Commonwealth Bank that he has. The prime minister’s office declined to answer a question on whether the prime minister was negatively gearing the property. “As always everything has been appropriately declared,” a spokesperson said. Albanese’s decision to rent the property, which was disclosed in December and first reported by news.com.au, will put attention back on the prime minister’s judgment after his purchase concerned Labor MPs amid a cost-of-living crisis. “Some people [within Labor] were aware and tried to stop it. My instinct is this is f---ing terrible,” one MP said at the time. Albanese defended the purchase last year. “There are three generations of Haydon on the coast there and when your relationship changes, your life changes and you make decisions,” he said. Another MP confirmed Albanese’s decision to buy the property was personal. “The idea that [Haydon], someone from the Central Coast, wants to live where they grew up, that’s fair enough,” they said. “[But] it’s not a good look.” In November last year, and just weeks after the purchase of the Central Coast home, Albanese sold his Dulwich Hill investment property in Sydney’s inner west for $1.75 million. The property was originally listed in September with an initial price of $1.9 million, but was then pulled from its October auction and had its asking price revised to $1.75 million. The Dulwich Hill property had made headlines earlier last year when the then tenant, music venue owner Jim Flanagan, went public with his objections to being asked to vacate the property so it could be sold. Opposition Leader Peter Dutton has long invested in properties and owned six in 2016. He has since sold most of them.
Article too long to post all of it, this below just a small fraction... 26 properties in 35 years: Peter Dutton’s extensive property portfolio revealed The opposition leader has made property sales of $18.8 million in transactions that he has frequently declared to parliament late, partially, or not at all. By James Massola February 26, 2025 https://www.watoday.com.au/politics...perty-portfolio-revealed-20250211-p5lb9g.html Peter Dutton has held dozens of properties during his life.Credit: Marija Ercegovac Peter Dutton has made $30 million of property transactions across 26 pieces of real estate over 35 years, making him one of the country’s wealthiest-ever contenders for prime minister as the major parties battle to convince voters they can fix Australia’s housing affordability crisis. Since buying his first home at 19, Dutton has made property purchases totalling $12 million and sales of $18.8 million in transactions that he has frequently declared to parliament late, partially, and in two cases, not at all. Prime Minister Anthony Albanese faced criticism for buying a $4.3 million clifftop home last year but an analysis of Dutton’s transactions show he has been a far more active investor, owning childcare centres along with dozens of residential properties. The Dutton family’s purchases, which also include a shopping plaza, have long been held in family companies, trust funds and a self-managed superannuation scheme, obscuring the full extent of their net worth because such private vehicles do not disclose their assets. But in the years since Dutton emerged as a contender to be prime minister, his family have closed several of their financial vehicles and sold a host of properties, including a $6 million Gold Coast home in 2021. That leaves Dutton, who owned five properties simultaneously at his peak, with just one: a 68-hectare farm in Dayboro, Queensland, which he bought for $2.1 million in August 2020.
I'm in Melbourne at the moment, fabulous city and great weather at this time of year. I've been spinning back of the envelope numbers and have a hard time justifying the purchase of a property to rent out, particularly as values are dropping slightly at the moment. With purchase prices at over 1.5M AUD for a new 2B 2B in a small apartment building around the university of Melbourne that can't be rented for more than 2800 AUD/month, it's a hard sell.
43% currency decline in 14 years? 60%+ declines usually are a prelude to revolution due to hyperinflation but I guess 14 years is more like the boiling frog analogy rather than Venezuela or Argentina. I guess as long you don't have to import too many materials you are okay. You guys export a lot of metals so it probably works out for Aussies.
Didn't Albanese run on reducing housing costs? Oh well, do as I say not as I do as the saying goes. How do know when a politician is lying? When his mouth is moving.
The days of cheap/reasonably priced housing is over, for those atm not in or freshly in, they've missed the boat, debt slaves for life unless on high above average wages.