How Impossible Is The Australian Dream?

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That Johnston Life

That Johnston Life

Күн бұрын

Пікірлер: 127
@markeaston7353
@markeaston7353 2 ай бұрын
I've travelled a fair bit over the past couple of years to many places including the US, Canada, the UK, about a dozen European countries and a couple of places in Asia. I always try to tune in to the local news issues as part of a way to learn about the places I visit. Everywhere I go the local issues are cost of living, the housing crisis, immigration and failing health systems. So many of my fellow Australians mistakenly think that these issues are worse in this country than elsewhere. Somehow, I don't think so.
@ProcyonAlpha
@ProcyonAlpha 2 ай бұрын
Agreed, they are everywhere. I do believe migration is the main problem as that stresses housing and health care. Australia is still the best place to be at least it has good weather most of the year
@mestinks
@mestinks 3 күн бұрын
If you're forced by incompetent govt to be poor, it's better in a warm climate ​@@ProcyonAlpha
@suku420
@suku420 2 ай бұрын
We have visas and made the move to North Brisbane. However after 4 months decided Australia is not for us. This was based purely on the financials - why work for the next 25 years just to afford the 'dream' house knowing we'd be scrimping and saving every cent to make ends meet? Instead we opted to return to (wet, not so sunny) UK and upgrade our home. We can afford to retire earlier, take advantage of tax breaks available to workers now and afford a comfortable lifestyle - not the dream but the next best. This means we can holiday overseas 3 times a year, neet family and friends and work to live NOT living to work. Its not for everyone but at least we explored the option and are wiser for it. No Regrets here.
@lutontown5923
@lutontown5923 2 ай бұрын
grim times. rather be destitute over here than live in the cess pit of the uk.
@suku420
@suku420 2 ай бұрын
@@lutontown5923 cesspit of the UK populated Australia!
@kathleenharsha6504
@kathleenharsha6504 2 ай бұрын
Really eye opening info. Negative gearing is one of those policies that should have had a built-in phasing out. But, then, hindsight is 20-20. I still love visiting Australia and expect to visit again next year. I always enjoy your videos Ross.
@tanoz1440
@tanoz1440 2 ай бұрын
I came from a family of tradies, bricklayers and carpenters etc, Australia had good tradies pre 90’s, but government changed the system, where they had to get builders licences etc, at a cost and extra learning, for a 50 year old bricklayer who knew their trade inside and out, this was too hard, a lot of the old good tradies couldn’t convert, they would normally take on their sons and train them up with really good skills etc, the building industry has gone to sh@t since then, sub par, poor quality, rogue builders etc. it’s a shame what has happened here in Australia. My brother who was a third generation brickie, with pristine work, got out of the trade and is a FIFO instead, three generations of building knowledge, gone by the wayside, and now they just want to import people to build that do poor quality work. My brother and father told many stories of the poor quality work being performed that they would try to fix, they became disengaged with the building trade.
@Craig-xf1fx
@Craig-xf1fx 2 ай бұрын
Couldn't agree more. Such a shame that knowledge has been lost 👎
@davidcarey9135
@davidcarey9135 2 ай бұрын
You will probably be offended by my comment, but as someone who was born here, I can say that around 90% of the immigration here is bogus and simply unnecessary. There was a need for it in the post war period before most of the factories closed down and moved to China. Almost all jobs growth is now unproductive and related to government spending on overpriced programmes like the national disability insurance scheme. The immigration is deliberately set at a high level beyond capacity to build new housing to benefit a selection of corporate interests who have taken over the political system and provide a well paid job post-politics for past politicians (universities, banks, property developers etc). Some things like cars, electronics and air travel have become relatively cheaper, although Australia was overall a much richer country when I was a child.
@NathanSaor1798
@NathanSaor1798 Ай бұрын
Australia has so much land to build on its only an immigration issue if you continue to constrict supply. In the UK immigration is genuinely an issue housing wise demand side. Now Australia is a democracy so if you want to preserve more of your natural environment then that is fine, but at least be honest... If you dont like immigrants just say it. Wages in Australia are already so high compared to Europe showing that there is lots of room for more labour the issue is supply side not demand. (please keep letting poms in its much worse here just change the policy)
@davidfrisken1617
@davidfrisken1617 17 күн бұрын
Yep. There was a "nurse crisis". Yet local nurses could not get a job.
@brycemcewen6146
@brycemcewen6146 14 күн бұрын
As always it depends on the job a nuclear scientist is going to have an easy time than a nurse from Mumbai but an Indian doctor can still get a good job
@mestinks
@mestinks 3 күн бұрын
The largest component of foreign capital investment brought into Australia is the cash migrants bring, if this is removed Australia would be in a severe recession. Lazy politicians bring them in because they are devoid of ideas and vision and do not tax their political donor corporations that steal our minerals . It is our fault because we vote for fraudsters show ponies and donkeys every time.
@JohnHollands
@JohnHollands 2 ай бұрын
I admire your level-headed balance and fairness, it's like you're fair dinkum. Cheers.
@Goatcha_M
@Goatcha_M 4 күн бұрын
The real issue is that 100k Median number is itself misleading, blown out by a few high wage industries. There are far more people earning under $70K than earning over 100K. And Under 30s are often earning under 30K.
@Sinbad_Bay
@Sinbad_Bay 2 ай бұрын
Vic Govt this year imposed a significant land tax on all property other than your own residence. Result...sale prices have dropped while rest of Aust kept climbing. Those seeing housing as an investment with massive tax advantages have been turned off, and are selling. Not getting into the politics of it.
@ThatJohnstonLife
@ThatJohnstonLife 2 ай бұрын
Maybe that's the way?
@Josephgmark7360
@Josephgmark7360 2 ай бұрын
that's actually a good move. A house is a place to "live, and shouldn't be a form of investment. This trend has been brought up by American businessmen, like the author who write Rich dad poor dad, who advised peopel to buy properties and sink the market. It is just plain evil.
@Craig-xf1fx
@Craig-xf1fx 2 ай бұрын
Plumber here desperate to emigrate and looking at applying for a 190 visa with my wife who is a primary teacher and daughter. For my plumbing skills assessments to gain recognition to work in Australia its costing £4k along with visa cost at £4k and my immigration agent fees roughly 2k. This is an outlay without any guarantee to get invited to apply. This also only allows me to work in Australia supervised while I essentially retrain at college for a further year at a further cost of £1200. I love the fact Australia doesn't just accept anyone and is 1 of the reasons as a family we want out of the UK. I do feel though for a country that needs skilled tradesmen to build more homes which are badly needed they are awfully strict and the costs are a lot. I predict the move will cost us minimum £20k and thats before having a place to live furniture etc which by the looks of it isn't going to be easy. I fully back making sure tradesmen are competent but in my opinion the costs are ridiculous and it seems more of a money making scheme rather than trying to bring skilled workers in for the greater good of the country which is build more quality homes efficiently. Love the channel btw it's been soo helpful to me and my family in our research. Thank you
@RJS4287
@RJS4287 2 ай бұрын
The Plumbers Associations are one of the most powerful industry groups in Australia like Dentists, Pharmacists etc. Even with mutual recognition of core qualifications, the Associations have huge influence over licensing authorities and want to maintain their incomes by limiting supply by imposing additional professional requirements. Having said that as a consumer who has lived on and off in UK and Australia I like it that in Australia you need a license to practice/trade - gives the consumer greater protection. The largest groups of migrants to Australia since 2000 are now from Asia - many of these get skill shortage qualifications in medicine, law, nursing, education etc by studying at Australian Universities - the Govt love this as their very high fees subsidise our Unis. We get a skilled workforce not at our expense. You cannot do this in trades as you can only become a plumber/electrician through being employed as an apprentice which you cannot access unless you are a citizen or permanent resident.
@lutontown5923
@lutontown5923 2 ай бұрын
we have all been through it and know the costs. but all costs are far outweighed by the fact that you live in australia. the best country on earth. whatever it costs - pay it for the sake of your children and make australia even better by adding value here🇦🇺🧡.
@coraliemoller3896
@coraliemoller3896 2 ай бұрын
Many homeowners in Sydney know their property value increases when there is a housing shortage so they can afford to complain about new land releases for housing. They don’t want more properties available because it may drop their home value below their purchase price. They focus on the amount of equity they have accrued since they bought. They will need that equity if they sell & upgrade to another property with another mortgage that they will never be able to pay off. Many international students also come from families that can buy accommodation or pay high rents, so they push up the bids at auctions to secure a house or unit. This has happened for decades. Once it was Japanese who overpaid for housing. Now I think it is Chinese buyers. Many Sydneysiders whose families have lived in a suburb for several generations simply cannot get on the property ladder in their locality, nor afford to rent. They have to look to outer suburbs or regional towns. At the same time, we are paying benefits to some immigrants who do not or cannot contribute to Australia. Our citizens need to be the primary focus of taxpayer funds. Good migrants try to fit in and be part of the solution, not part of the problem.
@Lovelifealways16
@Lovelifealways16 2 ай бұрын
One problem is so many overseas investors which should be stopped. In Victoria the state government has added so much tax to rentals that people are selling their investment properties as it not worth having one here. This is starting to have an effect on the amount of rentals available and because of the lack of rentals this is pushing rental payments through the roof. A few of my friends have one rental to fund their retirement. They are not rich, they just don’t want to rely on the government for a pension. Yet the government is making it really hard for them.
@RoadRashSpirit
@RoadRashSpirit 2 ай бұрын
Homes are not pensions. I agree that investment firms are making things worse and I feel some sympathy for people who got conned into thinking property was a good pension. But the reality is at some point wether its now or later, someone is going to have to feel some pain. Young people can't afford homes regardless if mortgaged or rented. To many people owning second homes has had a massive effect on house prices, ultimatley, thats what your freind was hoping for. So the choice is, let the air down now or watch the entire global housing market explode in 5 to 20 years when milions are living rough while a bunch of older folks cling to their properties in despair as their equity plummits. At the end of the day, a home is only worth what someone is willing to pay for it, we have already reached the point where young and middle aged folks are accepting low living standards just to have shelter. Sure there are still less expensive areas, but people need to be where jobs are, the next step is cost of living exceeds income and capacity to borrow, after that the bubble bursts. I don't think its fair to push several generations of young famillys into abject poverty so a few generations can enjoy a cosy retirement. Well meant or not, thats the choice (Globally)
@tanoz1440
@tanoz1440 2 ай бұрын
My youngest daughter and son in law just found an one bedroom apartment to rent for $650 per week, outside of Brisbane CBD, meanwhile my other daughter just moved into a share house for $300 per week for her room, also outside of CBD, this does make it hard for young people to save for a deposit for a home, definitely need the double income, and to also put off having a family until their mid thirties.
@sianakanazireva6247
@sianakanazireva6247 2 ай бұрын
We tried with True Blue Migration but unfortunately they were unable to assist us and referred us to lawyers. I am devastated. But we will keep watching your videos and be happy for you and enjoy Australia through your eyes. Good luck with everything in life!
@libatalklieb5793
@libatalklieb5793 2 ай бұрын
It might be a good thing. It is not easy to live here unless you have a fair bit of cash to start you off.
@touchstar68
@touchstar68 2 ай бұрын
Usually those claiming easier cost of living overseas have taken their Australian acquired wealth with them.
@kevape
@kevape 2 ай бұрын
Lots of factors, like the UK housing construction is slow and targets are constantly missed. The landlord boom since the early 00s has seen ordinary people with a little extra cash on the hip buying homes for investment saturating the rental market meaning homes to buy are super expensive. Yes, Australia does have high migration of late but it seems largely temporary and student migration which you could argue often share housing. The cost of living has hit the UK in a big way too. Wages have simply not kept up with the average house cost. A house used to be 3:1 your salary, now it’s 8:1. Bonkers. Not to mention like some comments already have, regarding the AirBnB global boom! Ordinary houses becoming hotels pretty much.
@ProcyonAlpha
@ProcyonAlpha 2 ай бұрын
Yeh I feel Australia is still well suited to fix the issue where as the UK is just fucked, 70 million people and rising on a small island. Aus migration is mainly skilled and student visas.
@Goatcha_M
@Goatcha_M 4 күн бұрын
Thing about Australias Taxes is they start high at low wages, 19% for people earning just $19500 (plus 10% GST so its actually 29%). But they then cap out low for people earning high wages, 45% at $190k, which means its 45% whether you earn 200,000 or 200 Million! And Capital Gains is half Income Tax, which is then halved again for housing investments.
@coraliemoller3896
@coraliemoller3896 2 ай бұрын
Interesting that Australia was referred to as a major nation in the R&D budget graph. With a population of only 26 million, and a huge landmass (plus Tasmania, some islands & part of Antarctica) to govern, it seems we are doing OK. We may just need better governance.
@maciejgronowski
@maciejgronowski Ай бұрын
In the UK its even worse recently. Our house proces went 50% up in one year!!! Im glad we do not rent - i dont think i woulb be able to afford it nowadays. At least you have sunshine 🌞!!! Cant wait to go to Qld!!!
@tanoz1440
@tanoz1440 2 ай бұрын
This was a really good vid, thanks for showcasing the reality.
@keranfrench1334
@keranfrench1334 Ай бұрын
You hit the nail on the head, if you want to live in Bondi, expect to pay a fortune. Live on the central coast of nsw is 1h.25m to the Cbd by train. Work locally 15 minutes by car, 10 minutes to the beach or lake. Buy a house on the lake for under 1 million. Wont be a new house, but liveable. Quiet pace, but wonderful. Places like mossiset, Cessnock and wyee have home around 700k.
@amiemarsh3517
@amiemarsh3517 2 ай бұрын
We are just starting the Visa process - fellow Teacher here. They have just opened applications today and it mentioned fast tracking some skilled area shortages such as education. There wasn't any further information about it though.
@jg5032
@jg5032 2 ай бұрын
Are you starting to grow a mullet? Nice!
@tanoz1440
@tanoz1440 2 ай бұрын
I can’t believe that home in Sydney, did not have a bathroom, toilet, or kitchen, it looked like an established home, I’ve never seen a home in Australia without these facilities.
@chrissimpson9981
@chrissimpson9981 2 ай бұрын
This is obviously an extreme case which is representative of nothing, and shouldn’t even be in a video like this. It’s obviously prime land in a sought after area, and the buyer will knock down the house and build a new luxury house, or block of apartments. So the amenities in the house are largely irrelevant.
@MarkJessop-hq2uo
@MarkJessop-hq2uo 2 ай бұрын
don't know if it would help with housing or not. maybe stop people buying houses who live in other countries 🤔
@ThatJohnstonLife
@ThatJohnstonLife 2 ай бұрын
Or make them pay more tax?
@libatalklieb5793
@libatalklieb5793 2 ай бұрын
@@ThatJohnstonLife We pay too much already.
@shaunperth
@shaunperth 2 ай бұрын
@@ThatJohnstonLifeThey do , if you are not a citizen or PR, you need to get permission from the FRB, and you will pay considerably more purchase tax but for cashed up foreign investors they can still suck up this extra tax.
@AldisDzenis
@AldisDzenis 24 күн бұрын
I live in London and at the moment the cost of living is going off the roof. For example, to rent, very letdown studio above busy pub cost around £1500 and one bed apartment around £2000. When I compare the economic situation in both countries, uk and Oz - Oz is winning by mile. Of course, 10 years ago, Oz was in a better situation than it's now.
@ThatJohnstonLife
@ThatJohnstonLife 23 күн бұрын
I bet living above a pub has it's upsides too
@mestinks
@mestinks 3 күн бұрын
After 30 years of living in Australia the thought of living above a British pub sounds idyllic
@jameslittle8891
@jameslittle8891 2 ай бұрын
What about the lunacy of negative gearing? Those that own, can run a property at a loss and offset this against tax so pay less than someone who doesn’t own a house!
@mckaypaterson2519
@mckaypaterson2519 Ай бұрын
Don't worry, Australians will sort these problems out, fairly soon.
@humech
@humech Ай бұрын
I live in one of the most expensive areas in the US, looking at Aus housing prices seems like a bargain 😅(aside from the in-demand prime locations).
@Gordon_L
@Gordon_L 2 ай бұрын
I did not hear in this video about foreign ownership of Aussie property and the rules governing that , leading to large numbers of vacant housing in the property market , exacerbating the housing shortage. Re. Income , the $100,000 p.a. has no relevance to pensioners who live on a fraction of that , if renting or still servicing a mortgage can be very tough , if a homeowner with no great bad habits i.e. smoking , gambling, drinking to excess or toxic children , then a pension is a liveable income.
@libatalklieb5793
@libatalklieb5793 2 ай бұрын
You mean existing, not living?
@hockysa
@hockysa 2 ай бұрын
yeah cost of living crisis is happening in every western country right now (assume others experiencing similar as well) I'm from Melbourne and was living in London, which don't get me wrong is still more expensive than aus but coming home now doesn't sound like it would be much of a saving. Ended up moving elsewhere in the EU.
@rl7586
@rl7586 Ай бұрын
I arrived 1982 from Germany Property was cheap as chips Could pay of my mortgage within 5 years with an average salary If I would have the power, then I would stop AirBNB would free up housing for renters Too many greedy Landlords out there who make it hard for renters Thanks,good Video
@Goatcha_M
@Goatcha_M 4 күн бұрын
Not just 2020, I saw my rent double on a s-tbox flat in Melbourne from 2007 to 2014.
@colonelquickshifter6534
@colonelquickshifter6534 Ай бұрын
I’ve been offered work in Sydney and Brisbane - which is the best for me and my son
@dariusrus5335
@dariusrus5335 Ай бұрын
I was thinking of immigrating to Australia too but I think I will migrate to Northern Spain where the prices are low and I can afford a great house and position for a fraction of Ozzy houses plus the weather is great ,low crime ,close to beach and sea etc
@redhammer9910
@redhammer9910 Ай бұрын
The narrator was quite correct short term visas chew up 70% of rental. On point. Australian immigration approved more than 200,000 short term visas during the lockdowns and a further 200,000 visas of other catigories. Tradesmen were in lockdown, that's where it all started. It was compounded significantly with the government recklessly opening the flood gates to migration once the borders were opened. What is really interesting is every other Western Government did similar things and in each case the consistency in the disastrous consequences is the same. Given also the uniformity of so many event outcomes in the West since 2020 one can't help think this dystopian nightmare was man made. The great awakening has started.
@edithwarria4794
@edithwarria4794 2 ай бұрын
Hello The Johnston Life. How are you good to see you ❤⭐️👍. Please pass my love and hello to your family as well 🙏🏻from Edith in Cairns Top North
@ThatJohnstonLife
@ThatJohnstonLife 2 ай бұрын
Hey Edith
@Danger_Mouse3619
@Danger_Mouse3619 2 ай бұрын
I'd say a developer would have paid that amount of money for that old style house.
@ThatJohnstonLife
@ThatJohnstonLife 2 ай бұрын
Probably
@Smart_Tamaha
@Smart_Tamaha 2 күн бұрын
In Canada, we have 60 million houses for 40 million Canadians.
@ThatJohnstonLife
@ThatJohnstonLife Күн бұрын
Got a reference for your statistics?
@bruceabrahams4282
@bruceabrahams4282 2 ай бұрын
I'm a locksmith from south africa, we are saving up to move to Australia (permanently) for "the better life". After watching this video, got me thinking, should I hold out for 2-3 years till things improve and all the temp visa people are out. What should I do 😢. Any advice
@JBLegal09
@JBLegal09 2 ай бұрын
It's the same in any developed country at present. The only place cheaper for housing is the US and they don't offer universal healthcare or decent wages and conditions. If you wait another couple of years, not sure if prices will be cheaper, especially in Melbourne which will boom as it is currently undervalued compared to other cities.
@davidfrisken1617
@davidfrisken1617 17 күн бұрын
You should include a link to the original creator.
@lawrencevaughan4546
@lawrencevaughan4546 2 ай бұрын
This problem has other effects, with todays youth being unable to get affordable living standards they become very critical of their money greeding elderly population and in frustration turn to criminal activities which is part of todays culture. We have to abolish or at least cut it back so to share the money out more favourably.
@Goatcha_M
@Goatcha_M 4 күн бұрын
The real driving force for NIMBYs is that more houses = lower house prices. It's just selfish greed.
@aarondias-jayasinha8087
@aarondias-jayasinha8087 2 ай бұрын
I live just outside of West London live in a 1 bed flat bought for £175,500 6 years ago. It is now worth only £200,000. So our property is going up still and but not was big as properties we can get in Australia. I think that's why people want to move to Australia. Wages are sort of better, more job opportunities, bigger properties for your money too. Now the other reasons are sun and beach life. That's not the reason I would love to move. My main reason is bigger properties and mostly, better opportunities and a safer country too.
@jouebien
@jouebien Ай бұрын
Compromise a little bit. Yes pushed out of SEQ housing market completely, pushed out of the wide bay market completely and almost missed out on Central Queensland as pricing wen't up 200K+ over the last year. I am now 700km away from where I wanted to work or live. 200K on immigration, well Labor fixed the 15 years worth of visa processing backlog from the previous Government's policy of just ignoring immigration. Yes getting business started is hard because 60% of the wealth is locked up in the housing market. When working in start up industry most of the funding came out of the US. Any government who's gone to the poles with getting rid of negative gearing has lost - it's a sure fire way to loose an election.
@randomyoutubebrowser5217
@randomyoutubebrowser5217 2 ай бұрын
That video is just wrong on other countries in the OECD with negative gearing. Austria is one of them for example. They just don't call it negative gearing. One income, one income tax filing.
@glarenbutclearn
@glarenbutclearn 2 ай бұрын
19:30 Actually Albo has made the housing situation worse, and created more new problems, like division among the population, plus censorship.
@BrettNoneya
@BrettNoneya 2 ай бұрын
50% to 80% of investment properties are negative gears because it is costing the owner money to have someone live in their house. No way in hell would i buy a house and rent it out with so many people wrecking houses and every time someone moves out you often need to do a lot of repairs anyway. Just have to look up the repayment costs of borrowing 600 grand or more to cover 80% of the house value and you are paying around $900 a week + home insurance + rates and Maintenace. Add it all together you might as well say $1050 a week to rent it out for $600 or $700 a week. Would you do that without being able to claim the loss of what you need to pay for someone to live in your house? And that money only comes off your taxable income, so you do NOT get it back. The only reason to own an investment property is the speculation it goes up in value over the years and not all do and there are many factors that can wreck it from tenants destroying it to white ants. I have looked online at buying a house and seeing past sale prices of some of them they lost money or had a return of less than 3%. The house live in and bought in 2012 the sale price was 50 grand less in 2007 and they renovated some of the place and put in a 40 grand pool. They lost a heap of money. Since i bought it I have put in an extra 150 grand of renovations. If I sold it id easy cover my money but people would see the sale prices and think it went up in value 200 grand when it would not have.
@Travelers1987
@Travelers1987 2 ай бұрын
Can I find job in Australia
@jamesstyrka868
@jamesstyrka868 2 ай бұрын
In the UK we have the exact same issues though, high cost of living, complaining about too many immigrates, affordable housing crises etc.. PS thanks for your videos still looking to come over in the new year
@libatalklieb5793
@libatalklieb5793 2 ай бұрын
The Australian government should let pensioners that want to leave the country, take their full pensions with them without forcing them to come back here every so often. That would fix a lot of the problem. I am sure there are a lot of retirees that would love to leave here to live in a cheaper country.
@geofftottenperthcoys9944
@geofftottenperthcoys9944 2 ай бұрын
So go, you is not taking that money though.
@libatalklieb5793
@libatalklieb5793 2 ай бұрын
@@geofftottenperthcoys9944 Hey buddy, if i want to go, no one can stop me, and i can take my money with me. I was referring to other people. For your information i own more of Australia than you will ever own.
@alexkenley1
@alexkenley1 2 ай бұрын
lol bring in more carpenters? have you seen the quality of the workmanship of the brought in carpenters?
@JoshAnderson-fn5yp
@JoshAnderson-fn5yp 2 ай бұрын
Not making living in Australia sound any easier. Hope the situation gets better
@ThatJohnstonLife
@ThatJohnstonLife 2 ай бұрын
Name a place where it's easier?
@chrissimpson9981
@chrissimpson9981 2 ай бұрын
Hi Ross A lot of misinformation and worst case scenarios in this video. Per capita recession - there is no such thing. The country as a whole is either in recession, or not in recession - but the per capita thing is an artificial construct invented by the media (and political oppositions) to bash the government of the day over the head with. Most broad brush costs in this video seem to relate to expensive inner city areas. You can find much more affordable housing in middle suburban areas where most people live. I have rental property (inherited) in Brisbane rented out at $460 per week - a lot less than the $2,500 per month quoted for Brisbane in this video. The post-Covid spike in immigration includes huge numbers of foreign students that have come flooding back in, and they are not in the housing, or even rental market. A lot live in student accommodation, and they have little impact on the housing market. You can’t have an investment property in your Super unless you have a Self Managed Super Fund, and generally only business people can do that. Negative gearing and the 50% Capital Gains discount are overly generous and could be changed. You could limit the tax deductions for a property to the rental income produced by that property. I think a change is coming to limit negative gearing to only one investment property. It is fair to index the capital appreciation of a property to inflation so the owner doesn’t go backwards. And in the long run that would give owners even more than 50%, but I agree 50% after year one is too much, and that could be cut back. Cheers - Chris (from Brisbane) I’m a long term follower after I discovered your family in hotel quarantine at the Marriott.
@banta-pd8zj
@banta-pd8zj Ай бұрын
This is so frustrating. Once states stopped a commitment to public housing then land and property prices started to inflate. Immediately. Through the roof very quickly Without pause. The fact that public housing is still at the concept stage, incentives for housing as investment rather than essential will be favoured. And immigrants will be targeted. As to be expected of a racist society like Australia's. Migrants, easy game to blame. Property investors. Deflecting blame to migrants.
@Josephgmark7360
@Josephgmark7360 2 ай бұрын
All of these problems are almost everywhere, unless you are a rich native of a Gulf country. Other than this, it is most likely worse in other nations. Australia is a great country that will become better in the future with better governance. Long Live Oz. ❤
@samswann5420
@samswann5420 2 ай бұрын
Just paid my first instalment to True Blue… 🙏 can’t wait to be blamed …. Whilst in the sun 😂
@JohnHollands
@JohnHollands 2 ай бұрын
That immigration graph (5:54) is misleading, or at least the interpretaion. Where it looks like a massive increase, it is following a massive decline. Nothing in 2020/21 suggests a catchup in years following, doesn't it?
@jameslittle8891
@jameslittle8891 2 ай бұрын
Wealth tax? Being discussed in the UK now.
@Prince077Aussie
@Prince077Aussie 2 ай бұрын
Aussies who can’t afford to find rental properties because of international students need to think where are they going wrong. Most locals who struggle are the ones who wrecked their rental history up. Stop blaming others for your own failures.
@prancer4743
@prancer4743 2 ай бұрын
It’s not impossible as long as you have a few million in cash or willing to work till you die to pay of a million dollar plus mortgage 😉😀👍😉
@shanekopacka2945
@shanekopacka2945 2 ай бұрын
Every country is doing it. Hard I’m Australian it’s the Albo. Govment. I hope Dutton. Will be the next pm. I love your journey to Australia just imagine still living in the uk keir. Starmer destroyed the uk.
@Danger_Mouse3619
@Danger_Mouse3619 2 ай бұрын
What, wot you're doing a reaction video. 🤔🤣
@ThatJohnstonLife
@ThatJohnstonLife 2 ай бұрын
Done a few
@libatalklieb5793
@libatalklieb5793 2 ай бұрын
Australia's problems can never be fixed. No government can fix it. They all know that the economy needs to crash and they wont let it happen.
@PhilInAustralia
@PhilInAustralia 2 ай бұрын
I'd be fact checking some of the "facts" presented in the source video before swallowing it.
@stevenloynds3691
@stevenloynds3691 2 ай бұрын
Im Australia born and bred im NO racist...but in the current situation in our country with immigration out of control i do get a sour taste in my mouth with fresh migrants that have KZbin channels all smiles loving life with tutorials on how to apply for visas and worse how to apply for permanency...i think im saying this for most FK off were full...im mostly angry at our current government that has literally left the tap on...but im also annoyed at these people that are freshies teaching people what to do how to enter and worse how to stay....doesn't anyone get it, these people are taking jobs that are not skilled workers so offer no benefits to our country like trades so they can build houses and also taking accommodation that we desperately need for our own citizens....if i was these people stop being so insensitive to our people...because honestly the current situation we don't like you and that isn't your fault as such but our government has caused this mess and your only adding to it....
@davidsage124
@davidsage124 2 ай бұрын
Just retire, get a public housing flat and enjoy life.
@dariusrus5335
@dariusrus5335 Ай бұрын
Sydney more expensive than Honolulu ,Los Angeles andSan Francisco? Holy shit..now that s a not so great performance...
@MarkJessop-hq2uo
@MarkJessop-hq2uo 2 ай бұрын
G'day Ross was wondering if there is Away I can send you a private message
@ThatJohnstonLife
@ThatJohnstonLife 2 ай бұрын
Find us on Instagram or send us an email thatjohnstonlife@gmail.com
@MarkJessop-hq2uo
@MarkJessop-hq2uo 2 ай бұрын
@@ThatJohnstonLife thanks mate
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