EXPLAINED: Solutions To Australia's Housing Crisis

The whole country is well aware that Australia is in one of the worst housing and rental crises ever, but what is the solution? We took a deep dive into all the possible options.
#RentalCrisis #HousingCrisis #RealEstate

[@Barbara0015]

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[@Campbell957]

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[@williamsdavis.]

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[@Agatha207]

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[@Hoffmanluiz.]

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[@satwindersaini4522]

stop foriegn owned investment in residential housing

[@morganoox3838]

Labor has betrayed the working class and families. Not just rent, but energy, taxes, cost of living, everything.

[@ss-th9pf]

Don't blame government. The people are corrupt and got the governments they deserve

[@peterinns5136]

Has anyone tried to rent a home recently? And our "government" wants to increase immigration by 700,000. It's as hard to find a rental property as it is to find a job.

[@tuduermestrop8474]

I was in Australia for one year, i have some friends living in Australia (i couldn't get permanent resident visa). Everyone of them lives very well in Australia. They have "little jobs", like bartender, waiter ... and no one is suffering about economic crisis. They enjoy their life, a couple of friend came to Europe to visit UK and Switzerland. A friend got a baby and they take a bigger appartment in Sydney. Some of friends even pay University to get permanent visa resident, and they don't have a problem to live in Australia and enjoy their freetime. So maybe, you cry for nothing, i think ...

[@peterinns5136]

@@tuduermestrop8474 I live here. I would not live anywhere else. I also tried to rent a flat, not in Sydney or Melbourne, but an outer suburb. I tried several times and each time I missed out. I've never had to compete with 15 other people before. I don't know when you were here exactly, but things are harder now than even when Australia was officially in depression. I know people working 2 and three jobs to make ends meet. Go away. Australia is full up. And there are no plans to make it any better.

[@Yarn_368]

​@@tuduermestrop8474arrogant

[@ashleighadams712]

this is just too funny. take your meds!@@tuduermestrop8474

[@MattyBmemes]

Labor litertally isnt even doing the minimum the data recommends. We could crack down on Air Bnb, scrap negative gearing, super profit tax or even spend a fraction on what were planning to on subs. But no, apparently labor is just adding 200 000 hyperthetical homes over 5 years which isnt even half of what we need

[@marcoskleiton]

*❤️Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!*

[@willianceluppi]

Wow that's huge, how do you make that much monthly?

[@marcoskleiton]

I earn from investing in the digital market with the guidance of Mrs Mary Margaret Schimweg Brokerage services. I'm happy to talk about it..

[@DubyG2009]

Wow...I know her too she is a licensed broker and a FINRA agent she is popular in US and Canada she is really amazing woman with good skills and experience.

[@DubyG2009]

I remember giving her my first savings $20,000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.

[@marcoskleiton]

@spotifypremium-cm5juI will leave her info below this comment.

[@Gruntld]

Can we have a national housing audit please. vacant, airbnb, foriegn owned...

[@leonie563]

FIRB, ATO, States know and don't care. If they did FIRB wouldn't give Foreign Investors opportunity for greenfields land banking or leaving empty new house & land packages and probably claim the vacancy tax as a tax deduction.... States and Local Governments underwrite the Airbnbs popping up like hidden brothels in residential areas like the 1970s. They know there are rooming houses popping up everywhere so the Landlords make $300-400 per room rented making $60,000 a year.....they are all at it....doing Australians out of opportunity. I'm ready for a double dissolution election if we get more landlords out of the Parliament and we get productivity moving in housing so stability of rentals become a KPI.

[@AG-ig8uf]

"vacant, airbnb, foriegn owned" is small fraction of existing residences. Also, if property is foreign owned or leased to airbnb, doesn't mean it can be confiscated or something.

[@JamielDeAbrew]

We need a national tax on empty properties. A tax high enough to push holiday homes onto short term rental when not in use. A tax high enough to force permanent AirBnB’s to be leased 7 nights a week (even if some of these nights are at a loss, that’s covered by the profitable nights).

[@JamielDeAbrew]

Another issue is that during Covid people moved further away from the city to rent more rooms for the same price (think home offices, games rooms, spare bedrooms etc… ). This additional room demand trickled through the market, eventually resulting in a shortage of rooms (and in turn a shortage of properties). The people hardest hit are people that would share homes. Forcing people back to the office isn’t the solution. Perhaps we need to recognise that some roads and public transportation routes have less usage. Perhaps we can pause on adding additional lanes and redirect those resources into building more homes.

[@JamielDeAbrew]

@@AG-ig8ufit also doesn’t mean people can be homeless. Sometimes a society needs to choose the best of two bad options.

[@justindrew9702]

You keep drumming on about not having enough houses. I don’t think that’s the underlying issue though. The last 20 years we’ve handed land over to private developers, look at Baldivis WA that was zoned when I was 10 I’m 29 now and the developers are still trickling out the lots - sucking up us much money as they can. Let’s get real. We need government controlled land releases to first home buyers for dirt cheap, stop letting the developers handle it

[@peterinns5136]

Governments are so good at constructing things on time and on budget. Like the landing strip for flying pigs, or should that be badgers.

[@ponzitizen]

"We need better data and analysis" *Google translate* "Kicking the can down the road"

[@MattyBmemes]

We have the data, the government just dont want to listen

[@InfinityIsland2203]

Albonese makes me sick. For someone who came from poverty he should know better not to make more people homeless with his unnecessary immigration increase

[@jashmatash]

Love it. 1M homes was ambitious. Nice gaslighting there Minister. We built 1M homes over the last 5 years...

[@suzegiljer3206]

Abolish negative gearing

[@wildcat1419]

Yes I agree. Let’s increase the incentives for private landlords to leave the market. That will make things better. 😂😂

[@FeminismDebunked]

Albo is doing everything that he can to make sure his multiple investment properties go up in value. Labor and Albo are the enemy of all Renters.

[@arielbeninca3658]

Couldn’t agree more

[@peterbardsley2636]

He's got one. On investment properties he's a small fish. A quick internet search shows it common across party lines pick any of the major political parties and you'll find most of their members in parliament own investment properties.

[@arclux]

​@@peterbardsley2636 Lol

[@AG-ig8uf]

@@peterbardsley2636 Investment property means it is on rental market.. How is it bad for problem of rental housing availability ?

[@adamashton6742]

Spend on infrastructure further away from cities

[@suesue8882]

It’s absolutely how shocking, it’s a basic human right violation and even people who work and have an income are struggling to secure a house/rental let alone the people who already are financially worse off. Good tenants should have more rights and eviction time should be much longer by law because even if the housing market wouldn’t be as bad as it is now, it would require much more time than just 4-6 weeks find another rental.

[@portadelaidepower1293]

As long as the Prime Minister has the majority of his money in Real Estate this problem will continue to get bigger. Albo wants the value of his properties to go up in value.

[@peterbardsley2636]

He's got one. Google politicians investment properties there's people on both sides of politics with more look up Susan ley investment properties.

[@traceyholt8223]

If I own a home and am going away for 3 months overseas, I don't want to rent that out to strangers! It's my home, with my furniture and my personal things throughout. Short-term stays don't solve the situation either. Also a family that has all of their furniture etc, being evicted - if they were to move into a short-term rental that is fully furnished - what do they do with their furniture? If my holiday was 1 month - Air BnB would solve that but a short term stay for a family of 1 month, while waiting for a permanent home is also not an option. That means having them store furniture for a month and move twice. Vacant taxes for those who travel or work often either overseas or interstate (Sales ppl etc), is also punishing them for their occupation or ability to holiday. What about people who own holiday homes or Air BnBs in small country/coastal towns? People don't want to move them, even temporarily, because there is low employment opportunities. Holiday homes being on short term rentals (say 6 months over Winter) means those ppl move to that far off town, try and get a job for 6 months then need to find another home somewhere close by or move again and find new employment. Holiday homes and Air Bnbs need to have separate categories - those that can be resided in with surrounding infrastructure and jobs ... and those that won't be resided in due to no employment opportunities and being far away from infrastructure and the next rental property they need.

[@and526625]

100%

[@111jacare]

The Greens suggestion of capping rental increases will drive landlords from the market. This may have the result of driving down property prices as landlords sell due to not being able to make money on their rental properties. That, in turn, will drive the prices up for rentals, due to the reduced stock of properties being on the market. The suggestion of throwing money at the problem is dangerous as what happens is that as soon as government money is being handed out, magically, rents and house prices INCREASE by the amount of the handout! To me, that idea is a non-starter! Building housing, that needs to be segregated back to the Non Government Organizations, set up 500 areas, across Australia, both city and country, give each of the NGO's 40 acres / 100 hectares, and advise them that they need to build a new home a week for the next couple of years. Have rules in place for street sizes, setbacks from the kerb, density, community shops, reserves, green areas, a R - 12 school and a few other things, but, let people be creative in how they design their projects.

[@paulsnow1289]

Or remove negative gearing? Must be solution

[@arclux]

More government intervention. That'll fix the problem.

[@vinodnitesh]

Wealthy country????

[@electro_sykes]

Reuse the former Myer store in Brisbane as apartments and cheap low cost accommodation. We could have affordable housing up & running there within a month.

[@Locknuts84]

Less regulation and lower taxes on houses would be best.

[@PeterColenso-pd9ug]

It doesn’t help when your government intends to open the floodgates for immigration. I would be pretty pissed off if I was a renter and had voted for this current government now about to make the rental situation worse.

[@jessegilbert3629]

I'm so pissed off that I'll likely be working full-time and homeless

[@adampedley3534]

The government is still not doing enough. I believe the PM needs to seek professional advice from a hi IQ group. This problem has come to need immediate attention and he just keeps floundering around while the situation gets worse. can't wait for a federal election.

[@peterinns5136]

The government has a plan but its stymied by the other parties. The instransigents need to be thrown out at the next election. So should Labor. Elect people who are competent and that would solve a lot of problems.

[@muralik2689]

Foreign investors and people owning more than three should not be allowed to buy further properties.

[@asxstockinfo1102]

Investment property is a form of investment. Any cap or red tap will make investment in housing less attractive for investors. So, the rent cap is not a good idea. More focus should be buiding more home !! Additional supply will automatically reduce rent increase.

[@anthonyscully2998]

the gov needs to by farmland on the fringes and turn them into new estates

[@adampedley3534]

Rent freezers are not the way to go. Building a lot more houses is the way to go. Government funded home building is needed.The government needs to be creative in how this project is funded so as not to run up government debt. Eg: tax on air bnb, as there are lots of international investers use it as a means of owning realestate and avoiding tax's. How about we tax international realestate investors for the privilege of owning Australian realestate.Stop immigration.

[@ponzitizen]

Rent assistance program 😂 making the middle class poorer since 2008... "Let's increase it" Pon Zinvestor

[@thewildwolf007]

The answer to all of this is simple, make it so that no one can negative gear more then one house. That will cause alot of homes to go to the rental market, and with more supply that should rents more stable.

[@kernelab]

how tf can you freeze rent increases to 2% or cpi, when the insurances / rates for those houses are going up more than that. its your house you rent it for what the hell you want. basic business. its the 700k immigrants thats f'n things up. Albo must go along with local councils.

[@theolyons8729]

The economy is f'd since gfc and the credit boom of endless debt will crush society as we know it. We are the Roman empire in the last days.

[@jeffstorer]

Something all sides of politics agree on stage 3 tax cuts, and tax free investment properties, because cashed up homeless imagration will prop up the Ponzi housing system, how many poor workers got an invite

[@planetaustraliachannel]

what about living with mould how many Australian houses are deteriorating because of the poor conditions and state of mould. Not understand the logic to buy a house and then let it deteriorate as a landlord because you will not address the fact that you have mould to know about as a landlord and then not do anything as a landlord I think that should be held accountable. Landlord's . and I think the way we say landlords it's like the Lord of the lands that niggles me perhaps we should word it in some other way that people that own houses aren't the Lord of the land.😊😊😊

[@chrisk1903]

Don't buy into the fear porn...u know when the things are bad when they ramp up the fear machine

[@timmoteus]

Instead of complaining about the infrastructure requirements, why not celebrate them as an economic stimulus and jobs creator?

[@traceyholt8223]

Really glad to hear The Project has represented the other side of the "rental" issue here and not just focused on renters. Deflate the Housing Bubble and reduce house prices, puts pressure on current owners with mortgages and decreases Superannuation and the Stock Market - which then has a flow on effect towards the Australian Economy.

[@peterinns5136]

Meanwhile a city of 140,000 where I live has hundreds of homeless people. I was close to being one as there simply are 10% of the homes available to meet the actual demand.

[@traceyholt8223]

@@peterinns5136 There are real issues for both rentals and Landlords and home owners with mortgages.

[@seven7sseven7s83]

If the govt cant afford to give a free meal every day, htf will they give the homeless a place to live? Incentivise and permit (not obstruct) people who are able and want to provide affordable rentals in many forms, to risk and share their money (against high interest & building cost and inflation). Whether you like it or not, they're part of the solution.

[@bop-ya-good]

Beg investors to come back to the market.

[@ponzitizen]

Significant incentive payments 😂 another one making the middle class poorer paying multiples of what it should cost...

[@MattyBmemes]

Incentive payments... basically a little treat for states in 5 years to solve a problem the government refuses to. It wont fix anything

[@paulsnow1289]

The way the project just made out like this will be good is a joke. Australia builds under 2 hundred thousand houses a year. And with building companies going down like no tomorrow, even less in the coming years. But this fool is giving money to states to build 1.2 million in 5 years? States don’t build houses do they?

[@dustingoldsworthy7303]

Labor have done more in their 1st year than the LNP did in 10. --- Slow is smooth and smooth is fast --- Labor must walk a fine line. They need to get re-elected to keep making improvements, and also they muct keep 60% of their voter base happy (Landlords and home owners). if Labor focus all attention on renters they will be voted out and the Libs (LNP) will strip back any improvements made.

[@bobpower7162]

Try re-instating full capital gains tax as one means of minimising empty single unit dwellings----let's go back to the old idea of living in communities not investment wonderland!

[@dustingoldsworthy7303]

Note: not every migrant buys or rents a house. 1 house can provide for 4 or 5 migrants, families etc.

[@peterinns5136]

There is not enough housing for people who live here now. Keep immigration to zero until there is enough housing.

[@and526625]

Shouldn't have to pay for migrants, that's not my issue if they can't afford a house.

[@kernelab]

buy million dollar house, cant have the heating on

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[@clarawakanda]

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[@JamielDeAbrew]

How about a national empty property tax. A tax that’s high enough to force holiday homes to be rented when not in use. A tax that’s high enough to force permanent AirBnB’s to be rented 7 days a week (even if some days are at a loss). And the same should apply to hotels, motels etc… I know this additional supply won’t be everyone. Still, it will be instant supply. Some will become digital nomads and move into this cheaper, non permanent accommodation. This will free up accommodation for other people.

[@paulsnow1289]

Just remove negative gearing? More tax is just a way to waste more money

[@JamielDeAbrew]

@@paulsnow1289 I support the removal of negative gearing. The catch is that removing negative gearing won’t add to housing supply. Limiting negative gearing to new properties may lead to more housing supply over the medium term.

[@ponzitizen]

@6:06 Experts 🤣 Homeless person can tell you that... Payments for consultants 😂 another one making the middle class poorer...

[@emmaytsma9851]

Its called ' Greed - and the LOVE of money". Only GOD ( through His chosen ones) will make certain properties/ houses, food etc is stewarded correctly. Wont be achieved by this government. It will be Jesus's Government and Council. Mark my words!

[@emmaytsma9851]

A new generation is coming through who will NOT love money and will be FOR God's people..... especially the poor and downtrodden, the vulnerable and the innocent in Australia and beyond!

[@alexwoo3504]

Easy, confiscate all rich's second house and free distribute to poor, freeze the rental price for ten years. Then. No rental crisis at all.

[@peterbardsley2636]

Umm I'm all for equality but redistribution of wealth or property hasn't exactly been a good idea in history.

[@wildcat1419]

I agree let’s legalise theft. What an idiotic statement