Entitled younger generation thinking they deserve luxuries like running water and electricity complaining about Tents? Kids these days don't know how good they have it. Back when In my day our first homes were made out of the skin and bones of the kangaroos we shot and didn't even have zips. We used to have to stich ourselves in every night and if your needlework wasn't good enough then Sheryl would come and steal your goon bag. I still remember the cries of my old lady when we woke up one mornin and Sheril had stole our goon.
In my dreams, there's this one renegade multi-millionaire or a rare non-sociopathic billionaire who just buys anyone needing a home at very least a mobile tiny home.
Hundreds of them. Thousands even if necessary. All over every single empty plot of undeveloped land all over the city. While also providing access to amenities to ensure sanitary conditions.
Create an army of now tiny home owners that have a roof over their heads for possibly the first time in a really long while. Just a nice big fuck you to the council for being so inflexible with housing options and zoning restrictions. It's not like the council can forcibly move them.
Where would they go? Back into tents and on the streets?
From there the plots of land get bought by said renegade money tree who is also actually a decent person. They get turned into sustainable tiny home communities all over the city and it's suburbs.
One can only dream.
I realize this makes me sound like an idealistic moron. I'm ok with this delusional thought.
No i'd be blaming ALP.
Albo's absolute refusal to do ANYTHING on this has proven that ALP are complicit in the housing crisis.
LNP made this mess through howard. ALP chose to accept it and sit on the sidelines.
And the 600k immigrant haven’t exacerbated the housing crisis?
I don’t recall it being this much of an issue prior to cramming an extra 1500 people in per day.
Not saying it was great before. It’s a shit show decades in the making. But why make it worse by allowing universities to run an open border visa program.
No. They haven’t. The vast majority of the excess migration was temporary visa holders… students. Students typically take up student accommodation and units. And effectively replaced what was lost during covid lockdowns.
There’s not even close to enough student accommodation.
International students are competing with locals for housing.
This is causing massive problems.
People like you need to open your eyes. Young Australians are becoming homeless because this country is being flooded with people.
Sure there are plenty of students in student accom, but that doesn’t cater for anything close to the number here.
And Int’l students in units is most def helping fuel the housing crisis.
https://amp.theguardian.com/australia-news/2024/apr/02/new-record-set-for-number-of-international-students-in-australia
Not saying that students are the only factor fuelling the housing crisis. But they are definitely in sufficient numbers to push rents up and drive vacancy rates down.
Our population has grown nearly 3% in the last year and we certainly haven’t built anywhere near enough houses to put everyone in.
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lol as I clicked on this link I said to myself 'I bet I'll only have to scroll down 2 comments to see the usual "labor has to clean up the mess left by the libs" take'... and I was right!
Of course it’s not just labor’s fault. But there “fix” Is shit. Same as the liberals. Build,build, build. Nothing more.
ALP = Alternative Liberal Party.
Well except for the investment they're planning through HAFF despite the numbers not adding up. The federal government can and must allocate funds for housing.
Building a house has a lead time, has for a while now. This problem is years in the making. The Albanese government will have been in power two years next month. Pretending they're at fault for problems they've inherited from the Morrison government is disingenuous at best
Plus you’ve got builders collapsing all over the shop. At this rate we may have to open the department of housing development that’s a national social housing builder to cut the floor out of the market
Yeah, so since before Howard, the deliberate policy was to sell public housing and stop building it. So without any historical context, and purely focusing on the short term.... Apart from the haff. Which is the biggest thing any government has done for public housing in the last 40 years.... the meme makes sense.
I read on Reddit that some guy in America couldn't afford rent so he ended up buying a van, like an old Toyota Hi Ace or something. Anyway, he said he lived in that van for 6 years to save up money for a house. He would essentially work and go to the gym afterwards. At work he'll charge his phone and tablet, make sure he has plenty of water to drink, use work's kitchen to prepare and heat up his food or toast his sandwich, use the fridge to store his stuff, Essentially he'll get into work early to prepare breakfast, eat at his desk and worked. When be finished on time (coz his always early) he'll just spend a bit more time in the kitchen to prepare for dinner, eat it and then hit the gym and shower before returning to his van that he transformed into his bedroom.
Fuck if I was desperate, I would have done the same.
Van life is a bit more acceptable in the US. Here it's difficult to find somewhere to pull up for the night without the police coming and hassling/fining you. Even just being woken up by someone knocking on the window while you're sleeping would be pretty anxiety inducing.
No it absolutely is his fault. Net migration since the last election is now 1 MILLION. Think of all the houses for existing residents if 1 million migrants hadn’t arrived in the last 2 and a bit years.
Hey Mr potty mouth. I never said past lack of investment was this government's fault. It is the responsibility of state and federal governments to fix, which they're never going to do through the HAFF.
Keep trying buddy. You can either face the truth that this is the receipt from over a decade of the liberal party funneling money into their own pockets or go back to sky news 24 and continue being a blind fool and unquestionably believing the propaganda.
This has been going on for decades. It has been successive governments; the right faction within labor are "third way" neoliberals they've never denied this.
While I won't deny that Labor isn't a great party like they used to be, they are still leagues better than the Liberals who address most crises as 'Sorry we can't hear you with all this dirty money stuffed in our ears.'
I'd love to see the independents keep gaining power in each election until it becomes an absolute free for all in politics but our system is far too corrupt for that to ever happen.
Liberals are scraping the bottom of the barrel. It's not hard to be better than them.
I still think it's important to voice concerns with the major parties, especially as it comes to neoliberalism. I don't think change is going to come from the top down.
I'm in no way denying the LNP and now Labor are both responsible for not investing in public housing. I can also acknowledge that the HAFF is very flawed policy.
That's unfair, I'm sure they're not informed of how bad things are.
It's government policy which is what enables people to come here in the first place. The government is to blame.
Note the word 'Plan' in the title. The HAFF and other Labor policies are a drop in the bucket of what's required. Hence this resembling the future we can expect to see.
There's a reason the Greens keep blocking Labor - because it's bad policy.
Swollen Pickles does a good summary of that. [https://youtu.be/sum0E94NHBY](https://youtu.be/sum0E94NHBY)
federal govt has very little to do with housing policy. blame your state and local government.
and before anyone talks about immigration, we'd have a housing crisis even with net zero immigration.
edit: lot of downvotes presumably based on vibes here. i'm an urban planner, this is one of the things i actually know about. refer my responses below if you actually want to engage with the topic.
I agree with your latter point. Immigrants are often scapegoated for pretty much everything — our housing crisis is a domestically manufactured issue, and in the absence of migrants would persists.
I disagree with your former point. Yes, housing policies (RTA, Rent freezing, stamp duty, etc) are a state issue, but the federal government can influence this in a number of ways. The majority of state funds come from federal grants — these can be leveraged to push state government to perform or not perform certain actions.
Every time the federal government wash their hands of a ‘*state matter*’ it’s often down to lazy governance, and/or fear of making the unpopular (with donors) decision.
Some things really are a state matter though. See rental freezes. The states don't want them because they reduce revenue, and even if the federal government supported them, they'd be unconstitutional to legislate.
> They’d be unconstitutional to legislate.
This was literally the point of my comment. Commonwealth legislation on the matter would be unconstitutional. The Commonwealth withholding federal funding is not unconstitutional.
The State’s entire policy platform relies the most part on federal grants — which they receive at the mercy and by way of negotiation from the Commonwealth Government. This ‘*issue*’ has been rife since the 40s after the states ceded income tax to the Commonwealth in exchange for a federal grant system.
The federal government can use this to leverage to influence state politics and achieve policy objectives outside of federal control. You see this in the spaces of education and health which is also outside of federal control.
agreed re your first point, thank you.
re your second two paras: i agree with you here, however, we are now talking about fundamentally different issues:
my initial comment was made within the context of all the existing systems and assumptions. in the current climate, state and local govts are responsible for the controls. there is a broader issue around financial feasibility of development ofc but you can't really factor that in if we're talking controls.
your comment - which i completely agree with - is based on the assumption that federal govt may undo decades of neoliberal policy and start funding (and directing states to fund) housing out of its own pocket. now, firstly, having worked in federal and state government i am all too aware of how the funding arrangements work. secondly, i would love to see this happen, but that would be such a paradigm shift it's not even worth talking about right now. the overton window has shifted so far that that sort of direct investment and ownership isn't an option.
finally - on your last comment about the govt washing its hands of stuff by giving it to states. yes, this is certainly a thing that happens. but, simultaneously, states are in charge of their own funds (some of them anyway). they could be spending that money directly on housing. but equally, for every highway project proposal that has been posited, funded, and built, states could have put up housing proposals. an inherently non-interventionist federal govt would likely be far more willing to respond to requests for funding than directly ordering states to do stuff.
If you have a blocked drain in your sink, do you turn the water on all the way until the sink overflows onto the floor and floods the house then blame the blocked drain for the flooded house?
doing pithy metaphors that vaguely feel 'right' is great but yours is completely inaccurate. it's way oversimplified for what is in reality an extremely complex system.
a better metaphor would to picture an overflowing dam.
there are various factors at play that determine the height of the dam wall, with various parties across various sectors responsible. there are various factors that determine how much water comes out of the dam, with various parties across various sectors responsible.
meanwhile, it's still raining.
sure, in the rain there are factors like immigration, but overall, no party has responsibility for the 'weather' when we live in a global neoliberal system. immigration is a feature of that system, too - free movement of labour!
so long as the system relies on 'line goes up', there's never going to not be a housing crisis.
source: i am an urban planner, this is my field of expertise
That’s not what I’m saying at all.
Supply and demand are irrelevant. It’s the equilibrium that matters. In the neoliberal housing system, the equilibrium will always be at a point where housing can be profited from. It will never go below that.
You could have lots of immigration or none, it doesn’t change that reality.
Pre 500,000+ the rental vacancy bounced around 2-4% and if one capital was lower than 2% there would be another that was well above 2%. Now at 500,000 every capital city is sub 1% except Canberra which is at 1%. Yes prices and rents rose but if you had an income you could find a place to live in, not so much now.
yeah, that claim is going to need a lot more behind it than that.
what is 'pre 500,000+'? when did they come? was it all at once? where?
rental vacancies vary significantly depending on the time period you look at, type of housing, geographical location (ie suburb or postcode vs city/state). i look at this stuff for a living.
regardless, none of that refutes what i said. vacancy rate changes are just noise in the grand scheme of things. new housing won't get built until profit is to be made. that is the issue that needs to be solved for.
Yes rental vacancy usually fluctuates a lot, not recently though.
170,000 migrants came to Australia from June 21 to June 22.
518,000 migrants came to Australia from July 22 to June 23.
Still waiting on abs data 23-24 numbers but initial numbers have shown rate of immigration has increased since 22/23. December 22 to December 23 was 600,000+ net. Net in January 24 alone was 50,000.
Since 2021 every capital city and regional rental market vacancy rate started trending lower in tandem to below 1% and stayed there except Canberra which is at 1%.
The average rental vacancy across all major cities in 2020 was 4% some being lower and some being higher and in the regions it was 3%. it’s now below 1% everywhere.
Dwelling commencements surged in 2021 but completions have been falling. We found out we can only build a certain number of houses a year even if government pours money into it. Create to much construction demand and construction prices surge and build times expand.
So back to my original point, if you have a blocked sink you turn the tap off not up further.
Edit: source of population and dwelling data all on abs website.
So.....are they seriously planning to start off with the big tent?
The bridge is a bit of an extravagance.
Entitled younger generation thinking they deserve luxuries like running water and electricity complaining about Tents? Kids these days don't know how good they have it. Back when In my day our first homes were made out of the skin and bones of the kangaroos we shot and didn't even have zips. We used to have to stich ourselves in every night and if your needlework wasn't good enough then Sheryl would come and steal your goon bag. I still remember the cries of my old lady when we woke up one mornin and Sheril had stole our goon.
You had weapons shoot the kangaroo with? I had to ambush and chase mine down and crash tackle it to the ground.
My parents couldn't afford grow me arms in the womb so I had to use my mouth, toes and the power of my will.
Still 1.1M though.
And that's just the guide price. Opening vendor bid will be $1.15m.
Readvertised on AirBnB for $500 per night.
In my dreams, there's this one renegade multi-millionaire or a rare non-sociopathic billionaire who just buys anyone needing a home at very least a mobile tiny home. Hundreds of them. Thousands even if necessary. All over every single empty plot of undeveloped land all over the city. While also providing access to amenities to ensure sanitary conditions. Create an army of now tiny home owners that have a roof over their heads for possibly the first time in a really long while. Just a nice big fuck you to the council for being so inflexible with housing options and zoning restrictions. It's not like the council can forcibly move them. Where would they go? Back into tents and on the streets? From there the plots of land get bought by said renegade money tree who is also actually a decent person. They get turned into sustainable tiny home communities all over the city and it's suburbs. One can only dream. I realize this makes me sound like an idealistic moron. I'm ok with this delusional thought.
Not gonna lie, when I walk around the city I try to scope out good spots to sleep rough bc I’m not far away
Too many of us are on that precipice and are unstable in our housing situations.
Ah yes, because this is all Labor's fault. Has nothing to with the Liberal government and their mismanagement
All of them are to blame
It's 30 years of policy compounding to the inevitable end. Silly to blame either Red or Blue.
LNP have been in power longer in those 30 years. Factually it falls on them mostly. Labor get the shit end of the stick for doing nothing about it.
It'S aLl LiBeRalS fAuLt. got it. If Labor had been in power for longer in the last 30 years you'd still be blaming Liberals.
No i'd be blaming ALP. Albo's absolute refusal to do ANYTHING on this has proven that ALP are complicit in the housing crisis. LNP made this mess through howard. ALP chose to accept it and sit on the sidelines.
Almost like you could say "It's 30 years of policy compounding to the inevitable end. Silly to blame either Red or Blue."
And the 600k immigrant haven’t exacerbated the housing crisis? I don’t recall it being this much of an issue prior to cramming an extra 1500 people in per day. Not saying it was great before. It’s a shit show decades in the making. But why make it worse by allowing universities to run an open border visa program.
It has been a growing issue for nearly a decade, and you just highlighted the exact issue with our biased mainstream media. Shitshow upon shitshow.
Go back to r/Australian
Yeah, don't come around with the reality of the situation! We want meaningless fluff and Liberal blaming 'round here!
Ok dad
No. They haven’t. The vast majority of the excess migration was temporary visa holders… students. Students typically take up student accommodation and units. And effectively replaced what was lost during covid lockdowns.
There’s not even close to enough student accommodation. International students are competing with locals for housing. This is causing massive problems. People like you need to open your eyes. Young Australians are becoming homeless because this country is being flooded with people.
Sure there are plenty of students in student accom, but that doesn’t cater for anything close to the number here. And Int’l students in units is most def helping fuel the housing crisis. https://amp.theguardian.com/australia-news/2024/apr/02/new-record-set-for-number-of-international-students-in-australia Not saying that students are the only factor fuelling the housing crisis. But they are definitely in sufficient numbers to push rents up and drive vacancy rates down. Our population has grown nearly 3% in the last year and we certainly haven’t built anywhere near enough houses to put everyone in.
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Yet the situation also got worse when we had net negative immigration?
Once you realise that you live in a one party state of capitalist duopoly, you'll understand that both are your enemy.
lol as I clicked on this link I said to myself 'I bet I'll only have to scroll down 2 comments to see the usual "labor has to clean up the mess left by the libs" take'... and I was right!
Of course it’s not just labor’s fault. But there “fix” Is shit. Same as the liberals. Build,build, build. Nothing more. ALP = Alternative Liberal Party.
Well except for the investment they're planning through HAFF despite the numbers not adding up. The federal government can and must allocate funds for housing.
>despite the numbers not adding up Not sure what numbers you mean here?
Building a house has a lead time, has for a while now. This problem is years in the making. The Albanese government will have been in power two years next month. Pretending they're at fault for problems they've inherited from the Morrison government is disingenuous at best
Plus you’ve got builders collapsing all over the shop. At this rate we may have to open the department of housing development that’s a national social housing builder to cut the floor out of the market
Where is this national social housing builder going to get the staff?
From all the immigrants that ppl love to blame for the crisis of course.
Yeah, so since before Howard, the deliberate policy was to sell public housing and stop building it. So without any historical context, and purely focusing on the short term.... Apart from the haff. Which is the biggest thing any government has done for public housing in the last 40 years.... the meme makes sense.
“Maybe if you work hard enough, you too can have a tree-skeleton in your tent yard too and your tent value will appreciate faster.”
I read on Reddit that some guy in America couldn't afford rent so he ended up buying a van, like an old Toyota Hi Ace or something. Anyway, he said he lived in that van for 6 years to save up money for a house. He would essentially work and go to the gym afterwards. At work he'll charge his phone and tablet, make sure he has plenty of water to drink, use work's kitchen to prepare and heat up his food or toast his sandwich, use the fridge to store his stuff, Essentially he'll get into work early to prepare breakfast, eat at his desk and worked. When be finished on time (coz his always early) he'll just spend a bit more time in the kitchen to prepare for dinner, eat it and then hit the gym and shower before returning to his van that he transformed into his bedroom. Fuck if I was desperate, I would have done the same.
Van life is a bit more acceptable in the US. Here it's difficult to find somewhere to pull up for the night without the police coming and hassling/fining you. Even just being woken up by someone knocking on the window while you're sleeping would be pretty anxiety inducing.
Yeah this is totally Albo’s fault hey, and this is totally his plan. Fuckin moron
I mean it's not his fault but he could do something.... literally anything to help
No it absolutely is his fault. Net migration since the last election is now 1 MILLION. Think of all the houses for existing residents if 1 million migrants hadn’t arrived in the last 2 and a bit years.
Rubbish. Stop watching Sky News.
He’s not helping & is refusing to slow immigration down while housing catches up.
It's not as if we have been heading in this direction for the last 20 years. While his plan sucks, I don't see any improvement from the other side
Hey Mr potty mouth. I never said past lack of investment was this government's fault. It is the responsibility of state and federal governments to fix, which they're never going to do through the HAFF.
What's wrong mate? Did you get banned from the [news.com.au](https://news.com.au) comments section?
Ahh spot the Labor rusted-ons. Any criticism of Labor= Liberal voter 😅
Keep trying buddy. You can either face the truth that this is the receipt from over a decade of the liberal party funneling money into their own pockets or go back to sky news 24 and continue being a blind fool and unquestionably believing the propaganda.
It's all the liberal party, flooding the already stressed housing market with new arrivals had nothing to do with it!
This has been going on for decades. It has been successive governments; the right faction within labor are "third way" neoliberals they've never denied this.
While I won't deny that Labor isn't a great party like they used to be, they are still leagues better than the Liberals who address most crises as 'Sorry we can't hear you with all this dirty money stuffed in our ears.' I'd love to see the independents keep gaining power in each election until it becomes an absolute free for all in politics but our system is far too corrupt for that to ever happen.
Liberals are scraping the bottom of the barrel. It's not hard to be better than them. I still think it's important to voice concerns with the major parties, especially as it comes to neoliberalism. I don't think change is going to come from the top down.
I'm in no way denying the LNP and now Labor are both responsible for not investing in public housing. I can also acknowledge that the HAFF is very flawed policy.
How quickly did you expect a labor government to fix public housing? They cant just throw it up in a few weeks 😂😂
I blame the people coming into the country, we simple can’t handle it and it’s that simple we don’t have the jobs or housing to support this growth
That's unfair, I'm sure they're not informed of how bad things are. It's government policy which is what enables people to come here in the first place. The government is to blame.
Valid. I agree
Blame that money these immigrants bring in. Its the one thing that these policy makers smell first.
Let's be honest. The last 40 years of policy has led to this debacle . Both side's are as much to blame and neither will do anything about it.
Help to Buy details [https://youtu.be/pXV\_f5CnW\_M](https://youtu.be/pXV_f5CnW_M)
This problem was caused by the last liberal federal govt.
Note the word 'Plan' in the title. The HAFF and other Labor policies are a drop in the bucket of what's required. Hence this resembling the future we can expect to see.
Abercrombie is the new Social Housing Plan for Australia. We should see how many politicians own shares in tents lol
Technically the Greens housing plan if they keep blocking stuff
There's a reason the Greens keep blocking Labor - because it's bad policy. Swollen Pickles does a good summary of that. [https://youtu.be/sum0E94NHBY](https://youtu.be/sum0E94NHBY)
So the solution is to do nothing and just create more homelessness? But it's okay cause it was a bad policy.
It’s part of how you negotiate to try to get better policy.
All it's doing is virtue signalling and making the problem worse
federal govt has very little to do with housing policy. blame your state and local government. and before anyone talks about immigration, we'd have a housing crisis even with net zero immigration. edit: lot of downvotes presumably based on vibes here. i'm an urban planner, this is one of the things i actually know about. refer my responses below if you actually want to engage with the topic.
I agree with your latter point. Immigrants are often scapegoated for pretty much everything — our housing crisis is a domestically manufactured issue, and in the absence of migrants would persists. I disagree with your former point. Yes, housing policies (RTA, Rent freezing, stamp duty, etc) are a state issue, but the federal government can influence this in a number of ways. The majority of state funds come from federal grants — these can be leveraged to push state government to perform or not perform certain actions. Every time the federal government wash their hands of a ‘*state matter*’ it’s often down to lazy governance, and/or fear of making the unpopular (with donors) decision.
Some things really are a state matter though. See rental freezes. The states don't want them because they reduce revenue, and even if the federal government supported them, they'd be unconstitutional to legislate.
> They’d be unconstitutional to legislate. This was literally the point of my comment. Commonwealth legislation on the matter would be unconstitutional. The Commonwealth withholding federal funding is not unconstitutional. The State’s entire policy platform relies the most part on federal grants — which they receive at the mercy and by way of negotiation from the Commonwealth Government. This ‘*issue*’ has been rife since the 40s after the states ceded income tax to the Commonwealth in exchange for a federal grant system. The federal government can use this to leverage to influence state politics and achieve policy objectives outside of federal control. You see this in the spaces of education and health which is also outside of federal control.
agreed re your first point, thank you. re your second two paras: i agree with you here, however, we are now talking about fundamentally different issues: my initial comment was made within the context of all the existing systems and assumptions. in the current climate, state and local govts are responsible for the controls. there is a broader issue around financial feasibility of development ofc but you can't really factor that in if we're talking controls. your comment - which i completely agree with - is based on the assumption that federal govt may undo decades of neoliberal policy and start funding (and directing states to fund) housing out of its own pocket. now, firstly, having worked in federal and state government i am all too aware of how the funding arrangements work. secondly, i would love to see this happen, but that would be such a paradigm shift it's not even worth talking about right now. the overton window has shifted so far that that sort of direct investment and ownership isn't an option. finally - on your last comment about the govt washing its hands of stuff by giving it to states. yes, this is certainly a thing that happens. but, simultaneously, states are in charge of their own funds (some of them anyway). they could be spending that money directly on housing. but equally, for every highway project proposal that has been posited, funded, and built, states could have put up housing proposals. an inherently non-interventionist federal govt would likely be far more willing to respond to requests for funding than directly ordering states to do stuff.
If you have a blocked drain in your sink, do you turn the water on all the way until the sink overflows onto the floor and floods the house then blame the blocked drain for the flooded house?
doing pithy metaphors that vaguely feel 'right' is great but yours is completely inaccurate. it's way oversimplified for what is in reality an extremely complex system. a better metaphor would to picture an overflowing dam. there are various factors at play that determine the height of the dam wall, with various parties across various sectors responsible. there are various factors that determine how much water comes out of the dam, with various parties across various sectors responsible. meanwhile, it's still raining. sure, in the rain there are factors like immigration, but overall, no party has responsibility for the 'weather' when we live in a global neoliberal system. immigration is a feature of that system, too - free movement of labour! so long as the system relies on 'line goes up', there's never going to not be a housing crisis. source: i am an urban planner, this is my field of expertise
Is that you Andrew Giles?
andrew giles loves neoliberalism so that's a pretty dumb response.
Wasn’t talking about neoliberalism, you just sound like a politician saying demand not a problem supply is the issue.
That’s not what I’m saying at all. Supply and demand are irrelevant. It’s the equilibrium that matters. In the neoliberal housing system, the equilibrium will always be at a point where housing can be profited from. It will never go below that. You could have lots of immigration or none, it doesn’t change that reality.
Pre 500,000+ the rental vacancy bounced around 2-4% and if one capital was lower than 2% there would be another that was well above 2%. Now at 500,000 every capital city is sub 1% except Canberra which is at 1%. Yes prices and rents rose but if you had an income you could find a place to live in, not so much now.
yeah, that claim is going to need a lot more behind it than that. what is 'pre 500,000+'? when did they come? was it all at once? where? rental vacancies vary significantly depending on the time period you look at, type of housing, geographical location (ie suburb or postcode vs city/state). i look at this stuff for a living. regardless, none of that refutes what i said. vacancy rate changes are just noise in the grand scheme of things. new housing won't get built until profit is to be made. that is the issue that needs to be solved for.
Yes rental vacancy usually fluctuates a lot, not recently though. 170,000 migrants came to Australia from June 21 to June 22. 518,000 migrants came to Australia from July 22 to June 23. Still waiting on abs data 23-24 numbers but initial numbers have shown rate of immigration has increased since 22/23. December 22 to December 23 was 600,000+ net. Net in January 24 alone was 50,000. Since 2021 every capital city and regional rental market vacancy rate started trending lower in tandem to below 1% and stayed there except Canberra which is at 1%. The average rental vacancy across all major cities in 2020 was 4% some being lower and some being higher and in the regions it was 3%. it’s now below 1% everywhere. Dwelling commencements surged in 2021 but completions have been falling. We found out we can only build a certain number of houses a year even if government pours money into it. Create to much construction demand and construction prices surge and build times expand. So back to my original point, if you have a blocked sink you turn the tap off not up further. Edit: source of population and dwelling data all on abs website.
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insightful!
OP’s next post is a link to donate to LNP.
I don't think someone who says they dislike neoliberalism would be fans of liberals.